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| Global Cosmetic Botanical Extracts Market Size |
Cosmetic botanical extracts are plant-derived ingredients used in a variety of
skin care, hair care, and cosmetic products to impart beneficial properties
like anti-aging, anti-inflammatory, moisturizing, and UV protection. Common
botanical extracts include aloe vera, chamomile, green tea, ginger, and rose.
In addition to providing skin benefits, botanical extracts are increasingly
popular due to their natural composition and lack of harsh chemicals.
The global
cosmetic botanical extracts market is estimated to be valued at US$ 2.36 billion in 2023 and is
expected to exhibit a CAGR of 13%
over the forecast period 2023 to 2030, as highlighted in a new report published
by Coherent Market Insights.
Market key trends:
The increasing demand for natural ingredients in cosmetic products is a key
trend driving growth of the cosmetic botanical extracts market. Consumers are
growing more conscious about the ingredients in personal care products and
prefer natural, botanically-derived compounds over chemical alternatives due to
general safety concerns. This is prompting leading cosmetics brands to
emphasize the natural content of their products through “clean label” marketing
strategies. Botanical extracts allow formulation of cosmetics with beneficial
properties through plant derivatives rather than synthetic compounds. The
uptake of clean label and natural cosmetics will continue boosting the sales of
botanical extracts across the globe during the forecast period.
Cosmetic Botanical Extracts Market Segment Analysis
The global cosmetic botanical extracts market can be segmented by source,
application, form and region. Based on source, the market is divided into
fruits & flowers, leaves, herbs and others. Among these, the fruits &
flowers segment dominates the market owing to the presence of natural
antioxidants and vitamins. Fruits & flowers are extensively used in
anti-aging, skin repair and skin brightening products.
Key Takeaways
Global
Cosmetic Botanical Extracts Market Size is expected to witness high
growth during the forecast period of 2023 to 2030.
Regional
analysis indicates that North America is currently the fastest growing and
dominating regional market. This can be attributed to rising skin care
awareness and growing demand for natural anti-aging products.
Key players operating in the cosmetic botanical extracts market are MTI
America, VPT (Virtual Physical Therapists), Conversa Health, MindStreet, Inc.,
MEDRISK, Global Outreach TeleRehabilitation Services, Inc., Empatha, GestureTek
Inc., Neuro Rehab Vr, American Well, LiteGait, Doctor On Demand, Inc., Hinge
Health, Inc., Care Innovations LLC. Key players are focusing on new product
launches and strategic collaborations to strengthen their market position.
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