According to the research report titled, “Liquid Botanical Extracts Market by Source (Herbs, Spices, Fruits, Flowers, Roots), Application (Cosmetics, Beverages, Pharmaceuticals, Food), and Technology (Solvent Extraction, Cold Pressing, Steam Distillation, Enfleurage) – Global Forecast to 2029,” the overall liquid botanical extracts market is expected to reach $5.25 billion by 2029, at a CAGR of 9.1% during the forecast period of 2022 to 2029.
The growth of this market is mainly attributed to the rising demand for liquid botanical extracts in cosmetic applications, growing demand for ready-to-use botanical extracts, increasing health and wellness trends with the consumption of natural health products, and increasing awareness regarding the benefits of herbal products over synthetic products. However, the availability of substitute products is expected to hinder the growth of this market to some extent.
Usually, powdered botanical extracts must dissolve appropriately, while liquid botanical extracts are ready-to-use; thus, they provide convenience and ease of use for cosmetics and pharmaceutical formulators. Moreover, the inclusion of single or multiple liquid botanical extracts in a formulation makes it possible to produce a unique and innovative end-product that is further easy to market and drive sales.
Comparatively, natural liquid botanical extracts provide a superior alternative to synthetic ingredients to infuse pleasant, rich, and earthy colors into a product. Liquid botanical extracts contain specific bioactive compounds that can offer unique skin-enhancing benefits for streamlined cosmetics. For instance, extracts with reputed antioxidant properties are useful to incorporate in both anti-aging and sun care products. Moreover, the use of the quality assurance protocol of standardization guarantees the composition of the liquid extract in terms of its active constituents, which further makes it popular among cosmetics and pharmaceuticals formulators. Further, the ready-to-use liquid botanical extracts are cost-effective for commercial cosmetic purposes where the small quantities of botanical extracts are generally sufficient.
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