According to the research report titled ‘Global Herbal Extracts in Nutraceuticals Market Size study, by Type (Organic, Conventional) by End Use Industries (Food Processing Industry, Pharmaceutical Industry, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global herbal extracts in nutraceuticals market is estimated to record modest growth during 2022-2028.

The expansion of global herbal extracts in nutraceuticals market can be attributed to the surging demand for dietary supplements as well as awareness about the rising therapeutic applications of the product.

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Also, increasing disposable income, along with the changing lifestyle pattern of people with a strong inclination toward herbal methods is likely to have a direct impact on the business sphere, leading to a surge in product uptake.

Besides, soaring research & development activities in the pharmaceutical sector are expected to create lucrative opportunities for the businesses in this line of work through the review period.

On the contrary, dearly cost of the product, coupled with availability of multiple alternative solutions are anticipated to hinder the progress of industry during the forecast timeline.

For better comprehension of the current scenario and to give the stakeholders clear insight into the growth potential, the report classifies worldwide herbal extracts in nutraceuticals market based on type and end-use ambit. 

In terms of type, the market is classified into conventional and organic. For end-use, the industry is split into pharmaceutical industry, food processing industry, and others.

Coming to geographical terrain, North America market is poised to record significant revenue share during the assessment period, owing to the soaring preference of the people for plant-based products. 

Whereas Asia Pacific industry is estimated to exhibit a substantial growth rate during the stipulated timeline, due to shifting preference toward organic products and a change in the lifestyle of consumers across the region. 

The study documents the key participants in global herbal extracts in nutraceuticals industry as well as mentions their strategic initiatives and product offerings to give a comprehensive view of the competition. The top companies include names like All-Season Herbs Pvt. Ltd., Akay Group, Synthite Industries Pvt. Ltd., Ambe Phytoextracts Pvt. Ltd., Bioprex Labs, Naturite Agro Products Ltd., Star Hi Herbs Pvt. Ltd., BOS Natural Flavors Pvt. Ltd., Plant Lipids Pvt. Ltd., and Ozone Naturals among others.