Botanical Market is expected to grow at a CAGR of 8%-9% - An exclusive market research report by Lucintel

Lucintel's latest market report analyzed that botanical provides attractive opportunities in food, beverages, cosmetics, and pharmaceuticals. The botanical market is expected to grow at a CAGR of 8%-9%. In this market, spices are the largest segment by source, whereas food is largest by application.

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Based on source, the botanical market is segmented into spices, herbs, flowers, and tea leaves. The spices segment is accounted for the largest share of the market in 2020 due to changing lifestyles and trend of exploring and experiencing new foods have led to the growth in the demand for spices.

Browse in-depth TOC on “Botanical Market”

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The botanical market is marked by the presence of several big and small players. Some of the prominent players offering botanical include Frutarom Ltd, Kalsec Inc, Döhler GmbH, Nexira, Haldin Natural, Synthite Industries, MB-Holding GmbH & Co. KG, Synergy Flavors, Blue Sky Botanics, Fytosan, and BI Nutraceuticals.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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