North American holds the highest share of 36.7% of the herbal extracts in Nutraceuticals market with US$ 1.16 Bn in 2021, and is expected to grow at a CAGR of 5.8% reaching to US$ 2 Bn by 2031.
Increased Use of Herbal Extracts by Pharmaceutical Manufacturers to Drive Demand
Medicinal plants serve as the foundation for a variety of therapeutic beverages. Complex studies are currently being conducted for thorough characterization of plant extracts, with the goal of developing innovative formulations with functional and therapeutic applications. It has led to the use of herbal extracts in the pharmaceutical sector.
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Combining herbal medicine with nanotechnology is the best approach, since the nanostructured system may be able to improve plant extract efficacy, while decreasing dose, toxicity, and adverse effects. Herbal medications packed in nano-carriers could be used at a high enough concentration throughout the therapy process – this is a novel innovation in the pharmaceutical industry.
Inclusion of Herbal Extracts in Daily Dietary Intake by Individuals Globally
Lifestyles have become increasingly techno-savvy and people, especially from cities, have a difficult time gaining access to nature and its resources. As herbs are natural products, they are free from side effects, comparatively safer, eco-friendly, and locally available. Traditionally, different types of herbs are used for ailments according to the climatic seasons. There is a need to promote the use of herbal extracts to save human lives.
Most drugs with herbal formulations are free of side effects or reactions, which is why herbal treatment is growing in popularity across the globe. Herbs with medicinal quality are of great help for the treatment of many internal diseases, which are otherwise difficult to cure with other medicines.
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Identification of New Herbs in Accordance with Changing Consumer Preferences
Governments from several nations have begun to take measures and engage in RD to raise consumer knowledge about the benefits of natural components and extracts. Several companies are also investing in research and development to create and develop new herbs and spices to fulfill consumer demand. Consumer demand for innovative plant-based tastes and fragrances has created new opportunities for herbal extract manufacturers.
Additionally, in developing nations, changes in lifestyles and increase in consumer demand for natural flavors have been noticed, resulting in an increase in demand for herbal extracts.
New Developments in Extraction Process to Increase Yield of Extracts and Provide Higher Growth Opportunities
Traditional extraction processes such as maceration, percolation, and reflux often employ organic solvents, and require a significant volume of solvents and a long extraction period. Some modern or environment-friendly extraction methods, such as supercritical fluid extraction (SCFE), pressurized liquid extraction (PLE), and microwave-assisted extraction (MAE), have been used in natural product extraction and offer benefits such as lower organic solvent consumption, shorter extraction times, and higher selectivity. However, several extraction procedures including sublimation, expeller pressing, and effleurage are only utilized infrequently in current phytochemical research.
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These new methods employed for extraction save time, money, and human power. Herbal extract manufacturers also benefit from the increased production and yield due to the new methods.
Herbal Extracts in Nutraceuticals Market Segmentation
Herbal Extracts in Nutraceuticals Market by Type
- Cinnamon Extract
- Fenugreek Extract
- Curcumin Extract
- Amla Extract
- Pomegranate Peel Extract
- Ashwagandha Extract
- Aloe Vera Extract
- Gurmar Extract
- Brahmi Extract
- Cumin Seeds Extract
- Onion Extract
- Green Coffee Extract
- Garlic Extract
- Mangosteen Extract
- Sugar Beet Extract
- Orange Peel Extract
- Guggul Extract
- Tulsi Extract
- Licorice Extract
- Moringa Leaf Extract
- Piper Betel Extract
Herbal Extracts in Nutraceuticals Market by Nature
- Organic
- Conventional
Herbal Extracts in Nutraceuticals Market by Extraction Process
- Solvent Extraction
- SCFE
- Spray Dried
Herbal Extracts in Nutraceuticals Market by Form
- Powder
- Liquid
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