Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.95 Billion | USD 26 Billion | 9.1% | 2021 |
FrequentlyAsked Questions
The global natural extracts market is projected to expand over 2022-2030 owing to escalating customer disposable income, thriving farming sector, and rise in imports & exports. Massive use of natural extracts in perfumes, personal care products, cosmetics, foods, beverages, and pharmaceuticals will expedite the global business trends.
According to study, the global natural extracts market size was $11.95 billion in 2021 and is projected to reach $26 billion by the end of 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2022 and 2030.
The global natural extracts market is anticipated to be dominated by the European region in the coming years owing to the growing use of essential oils in the European countries and thriving aromatherapy in the continent. Apart from this, Europe is a major exporter of pharmaceutical products that make use of natural extracts.
The global natural extracts market is led by players like Flavex Naturextrakte GmbH, Rob-ertet Group, Arjuna Natural Pvt. Ltd., Firmenich SA, India Essential Oils, Sami Spices, Kan-cor, Synthite Industries Ltd., Symrise AG, Ransom Naturals Ltd., and A.G. Industries.
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