India Herbal Extracts Market By End Users (Pharmaceuticals and Nutraceuticals, Cosmetics, and Food & Beverages Industries); By Export Sales and Domestic Sales, By Major Herbal Extracts (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari, Oleoresins and Essential Oil), Market share and Company Profile of Major Players (Synthite Industries Limited, Plant Lipids Private Limited, Sami Labs Limited, Kancor Ingredients, OmniActive Health Technologies Ltd., Arjuna Natural Extracts Ltd., Indfrag Limited, Vidya Herbs Private Limited, K.Patel Phyto Extractions Pvt. Ltd., Sydler India, Alpspure Lifesciences Private Limited, Cymbio Pharma Pvt. Ltd., Sai Phytoceuticals Pvt. Ltd., Sanat Products Ltd.)
The herbal extracts market in the country has witnessed an increased demand for innovative products by the Pharmaceuticals and Nutraceuticals, Cosmetics, and Food & Beverages Industries, thus driving the revenues of the market in a positive manner.
India herbal extracts market has shown an impressive growth rate in FY’2017 owing to growing preference of the people to use herbal products over other conventional and chemical-based products.
The herbal extract market in India continues to expand due to the introduction of varied herbal products by the companies catering to the requirements of the ultimate consumers.
One of the major reasons which are anticipated to fuel the market revenues during the outlook period is the rising awareness about the health benefits of consuming products with significant proportion of herbal extracts in their ingredients. The sales of herbal extracts manufacturers are expected to be driven in a positive manner with the introduction of new varieties offered by the players to the companies across pharmaceutical & nutraceutical, food & beverages, and cosmetics industry in and outside the territory of the country. This is expected to be a result of increased investments in R&D activities so as to launch new and distinguished products for the customers. Over a longer outlook period, it is estimated that the market will witness new players penetrating the space with varied products to meet the demand of ultimate consumers of herbal products. The market is expected to be driven by the rising number of players with domestic and export sales, which can ensure uniformity in quality of differed herbal extracts. It is also projected that there will be an increase in domestic sales due to changing customer preferences.
Setting up of new manufacturing units and maintaining a proper network of supply chain to cater the domestic demand, is expected to upsurge the revenues of various players operating in the space. Improving lifestyles and higher living standards are expected to be the major reasons behind the continuous growth of market revenues over long term. Unlike the recent times, when the market is mostly composed of foreign customers, the industries within the country are also expected to emerge as major clients for herbal extracts manufacturers, thus positively affecting the overall revenues during the long term.
Ken Research in its latest study, India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022, suggested that the revenues of herbal extracts will be dominated by the increasing sales to pharmaceutical & nutraceutical companies in and outside the country. However, the major players will witness rising competition due to growing innovations in developing herbal extracts through investments in R&D activities.
India Herbal Extracts Market is projected to register a positive CAGR during the period FY’2017-FY’2022. Increasing acceptance of plant extract based products by domestic and foreign customers, introduction of new herbal products by cosmetics brands, and innovations and new product launches in India herbal extracts market are expected to drive the overall market in the future.
The report provides information on market size of India herbal extracts market, market segmentation on the basis of End Users, type of herbal extracts and export and domestic sales.
Key Topics Covered in the Report:
Oleoresins of Spices Market India
Oleoresins Manufacturers in India
India Oleoresins Market
India Essential Oil Market
Spice Oleoresins Market India
Oleoresins Demand in India
Market Share Sami Labs India
India Carotenoids Market Size
Export Herbal Extract from India
Market Share OmniActive Health India
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Ankur Gupta, Head Marketing & Communications