Herbal extract powder is the extracted of the various herbs through drying liquid extracts by different technologies. Herbal powder have high bio-absorption due to better particle size, when compared to raw herbs or liquid extracts. The phytochemicals extracted through the herbal extract bypass the need for digestion, and thus are preferred option for making various beverages, dietary supplement and pharmaceutical products. Higher potential of the herbal powders, better portability, higher shelf life, when compared to the tinctures, liquids makes is more desirable option.This growth is primarily driven by Growing demand for natural ingredients, Lack of Stringent regulation and Advantage of powder over liquid, capsule and other forms.
Major Vendors, such as Berkem (France), International Flavors & Fragrances Inc. (Israel), Döhler (Germany), Nutra Green Biotechnology Co.,Ltd (China), RANSOM NATURALS LTD (United Kingdom), Prinova Group LLC. (United States), Synergy Flavors, Inc. (United States), Synthite Industries Ltd. (India), Martin Bauer Group (United States) and Euromed (Spain) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2020, Nutralliance signed a distribution agreement with the KÄÄPÄ Biotech, a Finland based company for the Nordic Mushrooms extracts. The distribution agreement is an outcome of the increased need of superior medicinal mushroom products across the North America region.
In March 2019, the Brenntag Food & Nutrition entered in the distribution agreement with BI Nutraceuticals, Inc. for their product line across Canada.
- Growing demand for natural ingredients
- Lack of Stringent regulation
- Advantage of powder over liquid, capsule and other forms
- Side Effects associated the some herbal extracts
OpportunitiesEmergence of new herbal extraction technologies
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