Market Research Reports - Ken Research Market Share OmniActive Health India

India Herbal Extracts Market is Expected to Reach over INR 16,000 Crore by FY’2022: Ken
Research
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,