Botanical Extracts Market
By Type;
Spice Extracts, Herb Extracts, Flower Extracts, Botanical Extracts, Fruit Extracts, and Marine Plant ExtractsBy Technology;
CO2 Extraction, Solvent Extraction, Steam Distillation, Effleurage, and OthersBy Form;
Powder, Liquid, and Leaf ExtractsBy Application;
Food & Beverages, Pharmaceuticals, Food Products, Sports Nutrition, Beverages, Nutraceuticals, Personal Care & Cosmetics, Aromatherapy, Animal Feed, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Botanical Extracts Market Overview
Botanical Extracts Market (USD Million)
Botanical Extracts Market was valued at USD 7,219.60 million in the year 2024. The size of this market is expected to increase to USD 11,969.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.
Botanical Extracts Market
*Market size in USD million
CAGR 7.5 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 7.5 % |
Market Size (2024) | USD 7,219.60 Million |
Market Size (2031) | USD 11,969.87 Million |
Market Concentration | Medium |
Report Pages | 343 |
Major Players
- Ransom Naturals Ltd.
- Nexira
- International Flavors & Fragrances Inc.
- Synthite Industries Ltd.
- Martin Bauer Group
- Kalsec, Inc.
- Synergy Flavors Inc.
- Prinova Group
- PT. Indesso Aroma
- Döhler GmbH
- Bell Flavors & Fragrances
- Nutra Green Biotechnology Co., Ltd.
- Kuber Impex Ltd.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Botanical Extracts Market
Fragmented - Highly competitive market without dominant players
The botanical extracts market is witnessing strong momentum, propelled by rising demand for natural and plant-based alternatives in food, personal care, and pharmaceutical sectors. With over 65% of consumers preferring clean-label ingredients, brands are increasingly replacing synthetic components with botanical options. This market shift is fostering a surge in innovation across diverse product categories.
Health-Conscious Lifestyles Driving Usage
Growing awareness of health and wellness continues to shape market dynamics, especially in functional nutrition and dietary supplements. More than 50% of health-focused consumers now favor supplements made with plant-based compounds, fueling demand for botanicals like turmeric, ginseng, and ashwagandha. These extracts are valued for their natural efficacy and minimal side effects.
Clean Beauty Movement Enhancing Adoption
The cosmetics industry is rapidly incorporating botanical extracts due to their skin-soothing, anti-aging, and antioxidant benefits. Nearly 45% of recent skincare launches feature plant-based formulations, catering to the demand for clean and sustainable beauty solutions. This trend aligns with evolving consumer expectations for transparency and natural ingredients in personal care.
Advancements in Extraction Technologies
New methods in botanical extraction are enhancing yield, stability, and cost-efficiency. Innovative techniques such as ultrasonic-assisted and supercritical CO₂ extraction are now utilized in about 30% of production facilities, enabling high-quality outputs. These technological improvements are accelerating product development and market penetration across applications.
Botanical Extracts Market Recent Developments
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In June 2025, Research & Markets projected the global botanical extracts market to surge from USD 28.1 billion to USD 63.1 billion, fueled by consumer demand for clean-label natural ingredients in food, beverages, cosmetics, and personal care.
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In May 2022, Firmenich merged with Royal DSM in a 40 billion deal, forming a biotech-driven botanical ingredients leader backed by an annual 700 million R&D investment for sustainable and traceable solutions.
Botanical Extracts Market Segment Analysis
In this report, the Botanical Extracts Market has been segmented by Type, Technology, Form, Application, and Geography.
Botanical Extracts Market, Segmentation by Type
The Botanical Extracts Market has been segmented by Type into Spice Extracts, Herb Extracts, Flower Extracts, Botanical Extracts, Fruit Extracts, and Marine Plant Extracts
Spice Extracts
Spice extracts are in high demand due to their intense flavor profiles, antimicrobial benefits, and use in clean-label formulations. Commonly derived from spices like black pepper, cardamom, and clove, they are now used in both food and personal care products. The segment contributes to over 25% of natural additive-based product formulations.
Herb Extracts
Herb extracts, including oregano, basil, and rosemary, are gaining popularity for their therapeutic properties and bioactive compounds. Their application in dietary supplements and functional foods is growing steadily, with the segment holding nearly 30% of the market due to rising demand for holistic wellness.
Flower Extracts
Flower extracts such as hibiscus, rose, and chamomile offer calming, anti-inflammatory, and antioxidant effects, making them ideal for skincare and personal care industries. This segment comprises around 12% of botanical extract applications and continues to grow in natural beauty products.
Botanical Extracts
Covering a comprehensive range of plant-derived compounds, botanical extracts are widely used in functional foods, nutraceuticals, and cosmetics. Their versatile applications have resulted in a leading 40%+ share of the overall market, driven by the rise in demand for plant-based and preventive healthcare products.
Fruit Extracts
Fruit extracts are rich in natural vitamins, minerals, and antioxidants, commonly sourced from citrus fruits, berries, and apples. Their role in enhancing flavor and health benefits has helped them secure an estimated 18% market share, especially in clean-label and wellness-focused products.
Marine Plant Extracts
Marine plant extracts from algae and seaweed are known for their high nutritional value and bioactive components. Their increasing inclusion in superfoods, supplements, and skincare has led to an annual growth rate of over 22%, as consumers seek ocean-based health alternatives.
Botanical Extracts Market, Segmentation by Technology
The Botanical Extracts Market has been segmented by Technology into CO2 Extraction, Solvent Extraction, Steam Distillation, Effleurage, and Others
CO2 Extraction
CO2 extraction is gaining traction for its ability to deliver clean, high-quality botanical extracts without chemical residues. It uses supercritical carbon dioxide to gently extract sensitive compounds, preserving their bioactive integrity. This method accounts for over 35% of technologically processed extracts due to its efficiency and sustainability.
Solvent Extraction
Widely used across the food, pharmaceutical, and cosmetics industries, solvent extraction employs substances like ethanol and hexane to isolate bioactives. While effective and scalable, it raises concerns over solvent residues. It represents around 28% of the market owing to its cost-efficiency in bulk processing.
Steam Distillation
This age-old method is most commonly used to extract essential oils and volatile compounds from plants. Known for its straightforward process and chemical-free operation, steam distillation makes up approximately 20% of extraction techniques, especially in aromatherapy and personal care products.
Effleurage
Effleurage is a time-intensive, traditional technique ideal for preserving the fragrance of delicate floral materials. Although it now sees minimal industrial use, it remains popular in luxury fragrance production, accounting for less than 5% of the total market.
Others
Innovative technologies such as ultrasound-assisted and microwave-assisted extraction fall under this category. These methods are increasingly adopted for their sustainability and extraction speed, contributing nearly 12% to the market and expected to grow as eco-conscious processing gains favor.
Botanical Extracts Market, Segmentation by Form
The Botanical Extracts Market has been segmented by Form into Powder, Liquid, and Leaf Extracts
Powder
Powdered botanical extracts offer excellent stability, potency, and storage convenience, making them ideal for large-scale formulations. Frequently used in dietary supplements, capsules, and instant drink powders, powdered forms lead the market with more than 45% share due to their extended shelf life and concentrated composition.
Liquid
Liquid botanical extracts are favored for their rapid bioavailability and smooth integration into cosmetic serums, medicinal tinctures, and health beverages. Their easy application and fast action make them highly desirable, capturing close to 40% of the total form-based market.
Leaf Extracts
Leaf extracts are derived directly from plant leaves and often used in raw or minimally processed forms. They are especially valued in herbal therapies, infusions, and traditional skincare products. Though niche, this segment holds about 15% of the market, driven by demand in ethnobotanical and holistic health sectors.
Botanical Extracts Market, Segmentation by Application
The Botanical Extracts Market has been segmented by Application into Food & Beverages, Pharmaceuticals, Food Products, Sports Nutrition, Beverages, Nutraceuticals, Personal Care & Cosmetics, Aromatherapy, Animal Feed, and Others
Food & Beverages
The food & beverages industry leverages botanical extracts for their natural color, flavor, and functional health benefits. As clean-label products become mainstream, this segment now commands over 25% of the application share, driven by demand for plant-based enhancements.
Pharmaceuticals
In the pharmaceutical sector, botanical extracts serve as key ingredients in herbal medicines, capsules, and topical formulations. With the growing popularity of natural therapeutics, this segment holds a market share of around 18%.
Food Products
Botanical extracts are used in a variety of food products including snacks, bakery items, and sauces for added health value and natural preservation. This category accounts for approximately 10% of applications as consumer demand grows for functional eating experiences.
Sports Nutrition
Popular among fitness enthusiasts, extracts such as turmeric, maca root, and green tea are incorporated into sports supplements for muscle recovery, energy, and stress relief. This segment holds nearly 7% of the market and is expanding rapidly.
Beverages
From functional teas to herbal drinks, botanical extracts play a vital role in offering health-boosting beverages. Representing around 15% of the market, this segment continues to rise with consumer interest in natural and nutrient-rich drinks.
Nutraceuticals
Nutraceuticals utilize botanical extracts in formulations that support immunity, digestion, and cardiovascular health. With consumers preferring preventive solutions, this application occupies roughly 12% of the total market.
Personal Care & Cosmetics
This segment uses botanical ingredients like lavender, aloe vera, and green tea for their anti-inflammatory, hydrating, and rejuvenating effects. Accounting for around 8%, this sector is growing rapidly with the clean beauty movement.
Aromatherapy
Essential oils and other extracts used in aromatherapy promote relaxation, mental clarity, and emotional balance. Though smaller in size, this segment captures nearly 2% of the market and is steadily gaining ground with rising consumer stress levels.
Animal Feed
Natural botanical extracts are increasingly added to animal feed formulations to improve growth performance and immune function. Holding a market share of approximately 2%, this segment is gaining momentum with interest in sustainable animal health.
Others
Botanical extracts also find specialized applications in textiles, agriculture, and biopesticides. Although this category holds less than 1%, it represents an emerging area of innovation.
Botanical Extracts Market, Segmentation by Geography
In this report, the Botanical Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Botanical Extracts Market Share (%), by Geographical Region
North America
North America holds the largest share of the botanical extracts market at over 30%, driven by consumer preference for natural and functional products. The region benefits from strong awareness of clean-label formulations, well-established supplement markets, and favorable regulatory frameworks for plant-based products.
Europe
Europe represents around 25% of the global market, fueled by rising adoption of organic botanical extracts in cosmetics, nutraceuticals, and pharmaceuticals. Strict quality standards and demand for sustainable and ethical sourcing further enhance the region’s market presence.
Asia Pacific
Asia Pacific is experiencing the highest growth in the botanical extracts market, currently holding about 28% of global share. Countries like China, India, and Japan are driving demand due to cultural reliance on herbal medicine, increasing disposable incomes, and growing application in functional foods.
Middle East and Africa
This region, while still developing, contributes nearly 9% of the global market. Growth is supported by increasing awareness of natural wellness solutions, expanding demand for halal botanicals, and the integration of botanical ingredients into skincare and food supplements.
Latin America
With a market share of around 8%, Latin America’s botanical extracts industry benefits from a rich heritage of medicinal plants and growing interest in plant-based exports. Brazil, Chile, and Peru are key contributors due to abundant biodiversity and local use in traditional medicine.
Botanical Extracts Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Botanical Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing demand for natural health ingredients
- Expansion in herbal cosmetics adoption
- Consumer shift toward clean-label products
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Rising usage in dietary supplements - The invigorating the botanical extracts market as consumers increasingly seek plant-based wellness solutions to boost immunity, gut health, and overall vitality. Supplements featuring botanical extracts like turmeric, ashwagandha, elderberry, and ginseng are gaining traction due to their clinically backed benefits and alignment with natural health trends.
Manufacturers are responding by incorporating standardized botanical sources into multivitamins, protein blends, and functional gummies—offering precise phytochemical dosing and increased consumer trust. The demand for moisture-stable, vegan, and clean-label formulations is also enhancing market growth.
Global penetration of supplements is expanding in e-commerce, health and wellness stores, and pharmacies, driving awareness and accessibility. As more research validates the nutraceutical efficacy of plant compounds, botanical extracts are becoming essential ingredients in health product innovation.
Overall, the integration of botanical extracts into dietary supplements is reinforcing their role as mainstream functional ingredients, boosting opportunities for new product development and ingredient suppliers.
Restraints
- Limited raw material standardization issues
- High cost of extraction technologies
- Lack of global regulatory harmonization
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Shelf life and stability challenges - One major restraint is the shelf life and stability challenges of botanical extracts, which often contain volatile oils, polyphenols, and anthocyanins prone to oxidation and degradation. Maintaining potency over time requires careful control of light, moisture, temperature, and packaging, complicating formulation efforts.
Many botanical formulations lose bioactivity or flavor integrity prematurely, leading to decreased shelf appeal and reduced consumer confidence. Small-scale producers may struggle to implement the advanced encapsulation, microencapsulation, or anti-oxidative technologies needed to improve product lifespan.
Unstable botanical extracts also pose regulatory labeling challenges, as declining active marker levels during storage can result in misleading potency claims. These issues often impede market access and increase the risk of product recalls or legal liabilities in strict jurisdictions.
To address this, brands are investing in optimized extraction methods, protective packaging, and stability testing protocols that can secure longer shelf life and maintain consumer trust in botanical-infused products.
Opportunities
- Emerging applications in functional foods
- Expansion in plant-based therapeutics
- Innovation in green extraction processes
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Increased demand from developing economies - The opening new frontiers in the botanical extracts market. Regions in Asia-Pacific, Latin America, and Africa are experiencing growing interest in traditional plant-based remedies such as moringa, neem, turmeric, and hibiscus, leading to rising commercial extraction.
Local wellness trends and cultural acceptance are fueling sales in herbal tonics, skincare, teas, and functional beverages. As household incomes rise, consumers are shifting toward premium botanical supplements, which encourages small and medium enterprises to expand sourcing and invest in local processing facilities.
This regional demand creates potential for export partnerships, contract manufacturing, and co-branded products. Multinational brands are collaborating with local producers to ensure supply chain resilience, traceability, and cultural relevance of botanical offerings.
Overall, developing-country consumers are becoming powerful adopters of botanical extracts, encouraging market expansion, diversified ingredient sourcing, and global product innovation across the health and wellness sector.
Botanical Extracts Market Competitive Landscape Analysis
Key players in Botanical Extracts Market include:
- Ransom Naturals Ltd.
- Nexira
- International Flavors & Fragrances Inc.
- Synthite Industries Ltd.
- Martin Bauer Group
- Kalsec, Inc.
- Synergy Flavors Inc.
- Prinova Group
- PT. Indesso Aroma
- Döhler GmbH
- Bell Flavors & Fragrances
- Nutra Green Biotechnology Co., Ltd.
- Kuber Impex Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Technology
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Botanical Extracts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Growing demand for natural health ingredients
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Expansion in herbal cosmetics adoption
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Consumer shift toward clean-label products
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Rising usage in dietary supplements
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- Restraints
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Limited raw material standardization issues
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High cost of extraction technologies
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Lack of global regulatory harmonization
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Shelf life and stability challenges
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- Opportunities
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Emerging applications in functional foods
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Expansion in plant-based therapeutics
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Innovation in green extraction processes
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Increased demand from developing economie
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Botanical Extracts Market, By Type, 2021 - 2031 (USD Million)
- Spice Extracts
- Herb Extracts
- Flower Extracts
- Botanical Extracts
- Fruit Extracts
- Marine Plant Extracts
- Botanical Extracts Market, By Technology, 2021 - 2031 (USD Million)
- CO2 Extraction
- Solvent Extraction
- Steam Distillation
- Enfleurage
- Others
- Global Botanical Extracts Market, By Form, 2021 - 2031 (USD Million)
- Powder
- Liquid
- Leaf Extracts
- Botanical Extracts Market, By Application, 2021 - 2031 (USD Million)
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Food & Beverages
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Pharmaceuticals
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Food Products
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Sports Nutrition
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Beverages
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Nutraceuticals
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Personal Care & Cosmetics
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Aromatherapy
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Animal Feed
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Others
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- Global Botanical Extracts Market, By Geography, 2021 - 2031 (USD Million)
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North America
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United States
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Canada
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Europe
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Germany
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United Kingdom
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France
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Italy
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Spain
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Nordic
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Benelux
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Rest of Europe
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Asia Pacific
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Japan
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China
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India
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Australia & New Zealand
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South Korea
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ASEAN (Association of South East Asian Countries)
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Rest of Asia Pacific
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Middle East & Africa
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GCC
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Israel
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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- Botanical Extracts Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
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Ransom Naturals Ltd.
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Nexira
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International Flavors & Fragrances Inc.
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Synthite Industries Ltd.
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Martin Bauer Group
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Kalsec, Inc.
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Synergy Flavors Inc.
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Prinova Group
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PT. Indesso Aroma
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Döhler GmbH
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Bell Flavors & Fragrances
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Nutra Green Biotechnology Co., Ltd.
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Kuber Impex Ltd.
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- Company Profiles
- Analyst Views
- Future Outlook of the Market