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The botanical extracts market size is forecast to increase by USD 3.24 billion at a CAGR of 9.45% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for natural and healthy ingredients in various industries. Chronic diseases have led consumers to seek alternative sources for medication, driving the demand for botanical extracts. In the beverage industry, botanical extracts are gaining popularity in functional beverages, contributing to market growth. Fruits, herbs, and spices, including ginseng roots and green tea leaves, are commonly used in these extracts. The functional food product sector also utilizes botanical extracts to cater to the growing trend of healthy lifestyles. However, the high price of these extracts may limit market growth. The market's growth prospects are promising, with herbal products and fragrances also utilizing botanical extracts extensively.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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