African Botanical Extracts Market: Market Outlook
African botanical extracts are the plant extracts which are originated from the African origin and used in different food and beverages applications. African botanical extracts are known for its highly effective health and nutritional properties. Extracts such as baobab, rosehip, kola nut, hoodia, possess the healthy characteristic which improves the various functions of the body including the immune system, weight management, and others. These extracts also offer the vibrant taste and flavor when used in diverse food and beverages products.
The African region is known for its botanical diversity, owing to which, the region is a rich source of the various indigenous healthy plants. These plants are traditionally used by the localities with aimed at getting better health. African botanical extracts are also useful in the nutraceutical industry as these botanical extracts are high in nutritional compositions. These African botanical extracts, other than physical health, are also beneficial to use in mental health. For instance, aloe ferox, baobab, and rooibos are increasingly used to cure mental health. Furthermore, several African botanical extracts are also utilized in cosmetics and pharmaceutical industry as they contain the medicinal properties.
Growing utilization of botanical extracts in food and beverages industry is boosting the demand of African botanical extracts
African botanical extracts market is driven by the growing usage of different type of botanical extracts in the food and beverage industry. Botanical extracts are offering several nutritional advantages to the food products along with better taste and flavors. Furthermore, the botanical extracts of African region are primarily preferred by the food manufacturers owing to the availability of diverse botanical plants in the region. Furthermore, the wide applicability of African botanical extracts in different is also a considerable growth factor for the African botanical extracts market. The cosmetics product manufacturers are also approaching the multiple African botanical extracts owing to its anti-oxidant, anti-inflammatory properties. In the pharmaceutical industry, these African botanical extracts are majorly used in those medicines which are associated with the digestive health, stress relief, joint health, mental health and other body functions.
Global African Botanical Extracts Market: Segmentation
On the basis of source, the global African botanical extracts market has been segmented as
On the basis of type, the global African botanical extracts market has been segmented as
On the basis of applications, the global African botanical extracts market has been segmented as
On the basis of region, the global African botanical extracts market has been segmented as
Global African botanical extracts Market: Key Players
Some of the key players of African botanical extracts market are Dohler, Botanical Extracts EPZ Ltd., Afrigetics, Afriplex, Carrubba INC, Zuplex, Prinova Group LLC, Lipoid Kosmetik AG, AfriNaturals, BOTANICA NATURAL PRODUCTS, and others.
Opportunities for Market Participants in the African botanical extracts Market-
As the demand for healthy and nutritional ingredients in food and beverages industry is growing across the globe, the market participants will be getting a potential opportunity in the global African botanical extracts market during the forecast period. African botanical extracts can be used as functional ingredients in consumer favorable functional foods and beverages. This is offering a better market scenario to the manufacturers in the global African botanical extracts market.
Global African botanical extracts Market: Regional Outlook
Europe is leading in the global African botanical extracts market by showing the highest value share owing to the high awareness regarding the African botanical extracts in the region. Whereas North America, is followed by Europe is also showing a significant value share in the global African botanical extracts market and the major contributing factor is growing food innovation practices in the region. However, South and East Asia are displaying the highest growth in the global African botanical extracts market attributable to increasing per capita expenditure for food products along with growing health consciousness in these regions.
The COVID-19 disease outbreak is expected to decline the production of various food ingredients. African botanical ingredients market is fully reliant on the production of these botanical plants. Some of the botanical extracts such as vanilla, aloe Vera, and others are the major ingredients for food and beverages, cosmetics, and nutraceutical industry. As the production of these plants will affect due to the disease, this would subsequently affect the production of botanical extracts supply. Lower production with limited supply is major drawback to the African botanical extracts market.