The global herbal extract market has been gaining significant traction over the past few years due to the increasing consumer awareness about the health benefits of herbal extracts. Herbal extracts are concentrated forms of plants that are prepared by removing the active compounds and esssential constituents from herbs. They are known to provide several health-promoting properties including anti-inflammatory, antioxidant and anti-microbial effects. The rising preference for natural remedies over synthetic drugs for various health conditions like headaches, indigestion, stress etc. is pushing the demand for herbal extracts significantly. Moreover, the growth of functional food and beverage industry utilizing herbal extracts is also supporting the market expansion.
Market Dynamics:
The global herbal extract market is driven by the increasing health-consciousness among consumers and growing popularity of herbal medicines. However, pricing pressures owing to high production costs and lack of standardized regulations for herbal products across various countries are restricting the market growth. On the positive side, ongoing research activities to identify new applications of herbal extracts in cosmetics, pharmaceuticals and agrochemicals industries are expected to create new profitable opportunities for players in this market over the coming years. Moreover, growing urbanization and rising disposable income levels in developing regions are augmenting the demand for herbal extracts from functional food and beverage producers. The demand for natural health supplements has been steadily rising in the past few years. Consumers are becoming increasingly health conscious and prefer consuming natural products to maintain overall wellness. Herbal extracts are commonly used in dietary supplements due to their high nutritional and medicinal properties.
Key features of the study:
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