Liquid Botanical Extracts Market Size, Share, Growth Analysis, By source(herbs, species, fruits, flowers), By application(personal care, medical drinks, food and other uses), By Technology(solvent extraction, cold pressing, steam distillation, supercritical CO2 extraction), By Region - Industry Forecast 2024-2031

Liquid Botanical Extracts Market Drivers

Rise in Demand from F&B Sector to Drive the Market for Liquid Botanical Extracts Market

• Liquid botanical extracts are used widely throughout industries, not only medicine. These rank among the most important elements in the food and beverage industry. The use of liquid botanical extracts is expanding rapidly across all major food categories, including baked goods, dairy products, drinks, and savory items like sauces, snacks, and soups. Alcohol-free drinks make up a significant market for extracts. Products with a high sugar content, such as flavored water, infused water, or water, are being replaced with less sweet, more natural alternatives using a range of botanicals. The herbal market, which consists of blends of tea leaves, mint, floral notes, and mild spices, could benefit from the numerous prospects this will present.

Liquid Botanical Extracts Market Restraints

High Cost to Hinder Market Growth

• The dwindling supply of key raw materials needed to create goods with botanical extracts can be a significant limitation. The variable cost of these raw materials is another major constraint that makes it difficult for the producers of food and beverages to concentrate on their operations.