Industry Background:
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.
Market Drivers
- Growing demand for natural ingredients
- Lack of Stringent regulation
- Advantage of powder over liquid, capsule and other forms
Market Trend
Restraints
- Side Effects associated the some herbal extracts
Opportunities
Emergence of new herbal extraction technologies
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Market Trends
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis