Lovage or levisticum officinale is a perennial plant found altogether in Europe in all elements of southwestern Asia. The lovage extract manufacture contains a celery aroma that is employed in soups as and flavorer agent. The leaves will be utilized in salads, or to form soup or season broths, and therefore the roots will be consumed as a vegetable or grated to be used in salads. Its Flavor and smell are somewhat just like celery. The seeds will be used as a spice, just like fennel seeds. The celery aroma and taste of the lovage extract are utilized in the food and drinks industry.This growth is primarily driven by Higher Yield than Celery Plant and Rising Application of Lovage Extract in Flavours and Increasing Demand for the Cheaper and Efficient Alternative of The Celery.
Globally, a noticeable market trend is evident Product Innovation with Lovage Extract for Premixes, Spices, and Ready to Cook Meals. The Food Products sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Changsha Vigorous-Tech Co., Ltd (China), Carrubba Inc. (United States), Aunutra Industries Inc. (United States), Bio Botanica Inc. (United States), Frutarom Ltd. (Israel), Horner International Co. (United States), Vege Tech Co. (United States), Flavex Naturextrakte (Germany), Daničle Ryman (United Kingdom), Albert Vieille SAS (France) and Knorr (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2021, Knorr launched its Zero Salt Bouillon cube made from vegetables, spices, and herbs such as lovage, nutmeg, rosemary, and turmeric to enhance the flavors in foods and bring an umami Flavor to cooking. Lovage Extract available will provide savory and tangy flavors to the product and will enhance the overall flavorings of added products.
- Higher Yield than Celery Plant and Rising Application of Lovage Extract in Flavours
- Increasing Demand for the Cheaper and Efficient Alternative of The Celery
- Product Innovation with Lovage Extract for Premixes, Spices, and Ready to Cook Meals
- Lack of Awareness about Lovage Extract
Rising Usage of Lovage Extract as A Condiment Possessing Medicinal Properties for a Medical Product and Irrigation Therapy for Swelling and Rising Product Applications in Soaps and Cosmetics
Availability of Substitutes in Market and Side Effects due to Overconsumption of Lovage Extract like High Blood Pressure
AMA Research 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 in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lovage Extract Study Sheds Light on
The Lovage Extract Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Lovage Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lovage Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Lovage Extract Market?
The Lovage Extract market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Lovage Extract Market?
Top performing companies in the Global Lovage Extract market are Changsha Vigorous-Tech Co., Ltd (China), Carrubba Inc. (United States), Aunutra Industries Inc. (United States), Bio Botanica Inc. (United States), Frutarom Ltd. (Israel), Horner International Co. (United States), Vege Tech Co. (United States), Flavex Naturextrakte (Germany), Daničle Ryman (United Kingdom), Albert Vieille SAS (France) and Knorr (Germany), to name a few.
3. Which region dominated the worldwide market for Lovage Extract in 2020?
Europe is dominating the Lovage Extract Market.