Global African Botanical Extract Market Report -2021 Share By Type- Baobab,Aloe Vera, Hibiscus,Rosemary,Honey bush and Forecast 2027

African botanical extract market was valued at USD 3950 Million in 2018 and is projected to grow at CAGR 9.2 % from 2019 which is expected to grow 6330 million by 2027.

African Botanical extract are the plant extracts which are utilized in various food and beverages applications. African botanical extracts are popular due to its highly effective health and nutritional properties. Baobab, Roseship, Kola nut, Hoodia these extracts has the healthy characteristics which improve the different body functions such as weight management, immune system, and others. African region is popular in the world due its botanical diversity as well as African region is rich source of various healthy plants. African plant extract plays an essential role in nutraceutical industry, pharmaceutical industry, and cosmetic industry

Increase in awareness regarding the side effects of allopathic medicine is expected to boost the African botanical extracts market growth. Furthermore, increase in usage of botanical extracts in food and beverages industry is expected to propel the growth of African botanical extract market. Botanical extracts provide different types of nutritional advantages to the food products with better flavour and taste. Also, these extracts are used in cosmetic products due to its anti-inflammatory and anti-oxidant properties. Furthermore, in the pharmaceutical industry these extracts are majorly used in medicines which are associated with mental health, joint health, stress relief, digestive health, and for other body functions. Moreover, rise in demand for healthy and nutritional ingredients in food and beverages industry is expected to drive the African botanical extract market growth, during this forecast period.

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However, availability of substitute and alternatives in the market is the major restraint which expected to hamper the growth of African botanical extract market. Also, stringent government regulations and policies will affect the African botanical extract market growth.

Market Key Players

Various key players are discussed in this report such as

  • AfriNaturals ,
  • Lipoid Cosmetic AG,
  • Prinova Group LLC,
  • Zuplex,
  • Carrubba INC,
  • Afriplex,
  • Botanical Extracts EPZ Ltd.,
  • Dohler,

Market Taxonomy

By Type

  • Baobab
  • Aloe Vera
  • Hibiscus
  • Rosemary
  • Honeybush
  • Vanilla
  • Rooibos
  • Others

By Source

  • Spices
  • Herbs
  • Flowers
  • Leaves

By Application

  • Food and Beverages
    • Bakery & Confectionery
    • Dairy Products
    • Soups & Sauces
    • Meat Products
    • Beverages
    • Others
  • Dietary Supplements
  • Cosmetics
  • Pharmaceuticals

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middles East & Africa

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