• Advertise
  • Contact Us
  • Write For Us
  • Our Team
Extraction Magazine
No Result
View All Result
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
No Result
View All Result
Extraction Magazine
No Result
View All Result
Home Industry News Business

The future of Botanical Extraction Market

Nick Congleton by Nick Congleton
July 11, 2022
in Business, Industry News
The future of  Botanical Extraction Market

The popularity of botanical extracts has been ballooning in recent years. Sure, cannabis extracts are massively popular and that market only looks increasingly more promising. However, the wider picture of botanical extracts is also looking incredibly bright. A recent market report published by Market Research Future indicates that the botanical extraction market is set to expand to $10.2 billion by 2030. The report focuses on botanical extraction for food, natural medicine, pharmaceuticals and personal care products. It doesn’t even take cannabis extraction into account. The markets are adjacent, but different. Even still, if you speculate on the picture of botanical extraction as a whole, it can only get better.

 

READ ALSO

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

Cannabis Business In South America

The Current Market

The cannabis market is pretty obvious. On that side of things, both CBD and THC products are growing in popularity. More states and countries are pushing toward legalization. Infused products are becoming more common and the market is becoming more educated on what’s available, leading to more exploration of different product varieties.

The wider botanical market has multiple areas pushing it forward. Botanical extracts are commonly used in food production to modify and improve flavors. They’re also commonly used for food preservation.

Botanical extracts are also used in the pharmaceutical and nutraceutical markets for their medicinal properties.

Just like cannabis extracts, other botanical extracts are also popular in personal care products, both for their medicinal properties and scents.

 

What’s Driving the Growth?

There are a lot of factors driving growth in the larger botanical extraction market. The primary one is increased health consciousness and a common desire among consumers to avoid artificial chemicals and additives.

Food and beverage manufacturers are continually turning to botanical extracts to replace chemicals in their products and meet the increasing demand for products free from synthetic ingredients. There is a trend away from sweeteners—both natural and artificial—and toward more subtle natural flavors. Again, botanical extracts provide the perfect solution for the market, leading to even more demand.

At the same time, plant-based foods are on the rise. There’s increased demand for plant-based replacements for meat and dairy driven by growing concerns over climate and health. With the rapidly-growing plant derived food market, manufacturers are looking for new ways to improve taste. Botanical extracts provide the perfect solution.

Natural health and medicine are also on the upswing. The clean health trend is causing consumers to turn away from pharmaceuticals and toward more traditional herbal remedies. For people looking for the best of both worlds, botanical extracts create an opportunity for manufacturers to create natural and convenient options for consumers.

With so many factors at play and the growth of so many markets driving demand for botanical extracts, it’s clear that the $10.2 billion projection is well within the market’s reach.

 

Resources:

1- https://www.globenewswire.com/news-release/2022/06/23/2467803/0/en/Botanical-Extracts-Market-to-Capture-USD-10-20-Billion-Revenue-by-2030-at-9-5-CAGR-Report-by-Market-Research-Future-MRFR.html

2- https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824

 

Image: https://www.bigstockphoto.com/it/image-412370656/stock-photo-growing-money%2C-business-finance-and-savings-money-invest-%2C-balance-savings-and-investment%2C-plant-gro

Related Posts

Green Extraction Techniques
Sustainability

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
A vision for the cannabis business
Business

Cannabis Business In South America

September 16, 2024
Journey of Cannabis in America
Business

From Prohibition to Progress: The Oscillating Journey of Cannabis in America

September 13, 2024
Social Clubs in Spain
Business

Cannabis Social Clubs in Spain vs CoffeeShops in the Netherlands

August 23, 2024
Cannabis Industry Sector
Business

Latest News From The Cannabis Industry Sector

August 16, 2024
Cannabis in Asia
Business

Cannabis in Asia – Overview of Asian Laws

August 9, 2024
Next Post
Not For Human Consumption!

Not For Human Consumption!

LATEST ARTICLES

Green Extraction Techniques

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
Wide angle view at two workers wearing protective suits while inspecting production at modern chemical plant, copy space

Collaborative Approaches in Botanical Extraction: Bridging Science and Industry

January 7, 2025
Areca Catechu

Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu

January 1, 2025
The Art of Extraction: Unlocking Nature’s Fragile Secrets

The Art of Extraction: Unlocking Nature’s Fragile Secrets

December 27, 2024

Subscribe Now

Subscribe to our newsletter now to receive quick updates from us



    Background
    About

    Extraction Magazine is the trusted provider of botanical extraction news, ever-changing politics, cool gadgets and technologies, and methods for producing safe, ethical, and compliant formulations.

    Advertisers
    Navigation
    • Botanical Extraction
    • Industry News
    • Extraction Technology
    • Medical Research
    • Glossary
    • Business Directory
    Recent Posts
    • Green Extraction Techniques and Smart Solvents for Bioactive Recovery
    • Collaborative Approaches in Botanical Extraction: Bridging Science and Industry
    • Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu
    • The Art of Extraction: Unlocking Nature’s Fragile Secrets
    Subscribe to our Newsletter
    loader

    Sitemap

    © 2025 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.

    No Result
    View All Result
    • Industry News
    • Botanical Extraction
    • Medical Research
    • Medical Research
    • Glossary
    • Our Team
    • Write For Us

    © 2023 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.