The Global Botanical Extracts Market size is expected to grow from USD 6.43 billion in 2023 to USD 10.91 billion by 2032, at a CAGR of 6.06% during the forecast period (2024-2032)
Botanical extracts are used as an ingredient in the food & beverages industry to amend flavor, aroma, or nutritive quality. This market is greatly altered by the changes in preferences and consumption patterns of consumers who are looking for natural flavors in their food.