Market Research Reports - Ken Research Market Share Synthite Herbal Extract

India Herbal Extract Market is driven by Increasing Consumption of Natural and Plant-Based
Products by the Domestic and Foreign Population: Ken Research
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.
There are more than 45,000 plant species that are present in the Indian sub-continent. The
dependence of people on plants for various health benefits has significantly evolved the herbal
extracts market of the country over the past. Being the largest supplier of ayurvedic medicines
and herbs in the world, the herbal extract manufacturers in the country cater to the
requirements of the companies, which majorly operate in pharmaceuticals, cosmetics, and food
and beverages industries across the world.
Companies in the pharmaceutical, F&B and cosmetics industry realized the importance of using
natural herbs as ingredients in various products. This was not only done to drive the growing
demand, but it also benefitted the companies in procuring raw materials from extensive species
of plants in India. This led to an incline in the revenues of herbal extracts manufacturers which
offered products in the required proportions. There was a trend between FY’2012 and FY’2017,
when cosmetics companies focused on introducing beauty products to tap the male population
of the country. Cosmetics brands procured increased volumes of herbal extracts from market
players to cater the new customer base with new product varieties.
During 2016-17, Hindustan Unilever Ltd. introduced natural versions of shampoo brands Tres
Semme and Clinic Plus. It also launched fairness face cream Fair & Lovely with natural and
herbal extracts. The expansion of HUL’s natural products brand, Lever Ayush, during the review
period also added to the overall sales of herbal extracts manufacturers due to the rising
consumption of such products by the population of the country.
Ken Research announced its latest publication on “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 a rapid growth in India
Herbal Extracts Market, majorly driven by the growing preference of people for natural and
herbal products over the already existing chemical-based products. Continuous introduction of
new plant-based products by the pharmaceutical & nutraceutical, cosmetics, and food and
beverages companies are attracting large number of potential players to enter the space.
Various technological processes including Supercritical Fluid Extraction, Thin Film Distillation,
Spinning Cone Column, SuperCritical CO2 and other Conventional extraction processing
techniques were used to meet the current demand. Market players also launched new products