Herbal Extract Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Sep 2023

Pages: 151

SKU: IRTNTR71747

Snapshot

Herbal Extract Market Analysis Report 2023-2027

The herbal extract market size is estimated to grow at a CAGR of 12.97% between 2022 and 2027. The market size is forecast to increase by USD 29.19 billion. This herbal extract market report extensively covers market segmentation by application (pharmaceuticals, personal care, and others), type (liquid and powder), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

One of the key factors driving the herbal extract market growth is the growth of herbal medicine. There is an increasing preference for alternative solutions among consumers for various health issues, which is fuelling the demand for herbal extracts. For example, Himalaya Herbals provides a varied range of herbal goods, including their Liv.52 liver care supplement manufactured from natural extracts. Additionally, there is a growing awareness among several government bodies regarding the value of traditional medicine and advocates for its incorporation into healthcare systems. For example, the Ministry of AYUSH of the Indian government encourages Ayurveda and traditional herbal practices, emphasizing the usefulness of herbal extracts such as Ashwagandha and Turmeric. Hence, such factors are expected to positively impact the market which, in turn, will drive the market growth during the forecast period.

Herbal Extract Market: Overview

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Trends

A key factor shaping the herbal extract market growth is the availability of plant-based alternatives in food and beverages. The increase in plant-based diets has had a significant impact on the global herbal extract market. There is an increasing focus by several manufacturers on adding herbal extracts to various foods and beverages as more consumers select healthier and more sustainable eating choices. Manufacturers are increasing the entire sensory experience and nutritional value of food and beverages by adding natural flavors, colors, and useful characteristics.

Moreover, turmeric extract is widely used to impart brilliant color and anti-inflammatory properties in beverages and snacks. In addition, rosemary extract is added to provide a distinct flavor to a variety of food products as well as it acts as a natural preservative. As a result of this trend, there is an increasing preference for clean-label ingredients, and it presents numerous potentials for the herbal extract market to expand its applications in the global food and beverage industry. Hence, such factors are expected to drive market growth during the forecast period.

Challenge

High production cost is one of the key challenges hindering the herbal extract market growth. The major concern regarding herbal extract is obtaining and processing of herbal ingredients which can be time-consuming and resource-intensive, leading to higher costs for manufacturers. For instance, the main contributing factor to the increasing manufacturing cost is the extraction and purification techniques for uncommon or specialized herbs.

Moreover, other factors involved in manufacturing including labor, energy, and equipment all contribute to increased production costs. In addition, several manufacturers are forced to adhere to strict regulatory standards such as Good Manufacturing Practices (GMP) which can further boost the costs. Hence, such factors can negatively impact the market which in turn will hinder the market growth.

Herbal Extract Market Segmentation by Type

The increasing demand for wellness products will fuel the liquid segment which will increase the market growth. There is a significant growth in the liquid segment due to various factors such as convenience, rapid absorption, and a wide range of uses. The main advantage of the liquid segment is that it offers precise dosing and can be readily used in a variety of products, including beverages, supplements, and cosmetics. Additionally, several beverage companies are increasingly incorporating liquid herbal extracts into functional drinks for health-conscious consumers. Hence, factors such as increasing demand for wellness products, greater consumer preference for natural extracts, and the adaptability of liquid extracts in culinary and personal care applications are expected to fuel the growth of this segment which, in turn, will drive the market growth during the forecast period.

The growing popularity of plant-based and sustainable lifestyles will fuel the powder segment which in turn will increase the market growth. There is an increasing preference for the powder segment among consumers due to its convenience, versatility, and ease of implementation into a variety of products. Some of the types include powdered turmeric has anti-inflammatory qualities, powdered ginseng has energy-boosting properties, and powdered echinacea has immune support properties. Factors such as an increase in demand for natural remedies during the COVID-19 pandemic, prolonged shelf life, and suitability for supplements, beverages, and cosmetics fuel the growth of this segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Herbal Extract Market Segmentation by Application

The pharmaceuticals segment is estimated to witness significant growth during the forecast period. There is an increasing demand for the consumption of functional foods and supplements due to the rising number of people diagnosed with chronic diseases due to changes in lifestyles and eating habits. Several extracts in the form of supplements can be consumed by people frequently as they are sourced from naturally occurring components.

The pharmaceuticals segment was the largest segment and was valued at USD 12.65 billion in 2017.

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There is an increasing adoption of herbal extract supplements as it scientifically proven to encourage the health of consumers in addition to offering numerous nutritional benefits. Furthermore, there is an increasing application of herbal extracts in pharmaceutical companies in the form of phytomedicines and supplements. Additionally. several market players in the global herbal extract market provide a wide variety of herbal extract products including shwagandha root extract, amla extract, black pepper extract, Boswellia serrata extract, Coleus forskohlii extract, curcuma longa extract, fenugreek extract, Garcinia gummi-gutta extract, moringa leaf extract, rosemary extract, and others. Some of the key health benefits offered by these supplements include providing relief for colds and coughs, promoting respiratory health and digestive health, offering antioxidant properties, lowering blood sugar levels, maintaining liver health, metabolic health, immune system support, kidney health, and others. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

The increased awareness regarding wellness will fuel the personal care segment which in turn will increase the market growth. There is an increasing use of herbal extracts in skincare, haircare, and cosmetics due to the increase in consumer demand for natural and sustainable ingredients. Several manufacturers are increasingly incorporating Plant-based extracts like aloe vera, chamomile, and green tea are being incorporated into products, noting their calming and revitalizing effects. Additionally, there is a growing popularity for clean beauty and organic formulations which fuels the the use of herbal extracts in the personal care segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Key Regions for the Herbal Extract Market

APAC is estimated to contribute 31% to the growth of the global market during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the key factors that are significantly contributing to the growth of the herbal extract market in the APAC region include increasing consumer awareness of the side effects of allopathic medicines and growing awareness about the medicinal benefits as well as the therapeutic effect of herbal products. As a result, it has led to the rising demand for herbal extracts, dietary supplements, and herbal-based personal care products in the region. In addition, the growing number of obese people and the increasing prevalence of cardiovascular and other diseases are caused by the deficiency of essential nutrients in the diet and the inclusion of synthetic products in the diet has fuelled the use of herbal extracts in food and beverage products consumed in countries like China and India. Hence, such factors are expected to drive the market growth in the region during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global herbal extract market witnessed a mixed impact due to supply chain disruptions, lower productivity, and decreased consumer spending which negatively impacted the market whereas rising health consciousness and interest in natural therapies have increased the demand for herbal extracts used in immune-boosting products in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the increasing demand for herbal extracts. Such factors are expected to drive the market during the forecast period.

Key Herbal Extract Market Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering - Dohler GmbH: The company offers herbal extract solutions such as African Botanical Extracts.
Key Offering - Herbal Creations: The company offers herbal extract solutions such as Andrographis Paniculata.
Key Offering - Herbochem: The company offers herbal extract solutions such as Acorus Calamus, Andrographis Paniculata, Apple cider Vinegar.

The herbal extract market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The herbal extract market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Application Outlook (USD Billion, 2017 - 2027)
- Pharmaceuticals
- Personal care
- Others
Type Outlook (USD Billion, 2017 - 2027)
- Liquid
- Powder
Geography Outlook (USD Billion, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Herbal Extract Market Scope
Report Coverage	Details
Page number	151
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 12.97%
Market growth 2023-2027	USD 29.19 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	11.86
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 31%
Key countries	US, Canada, China, India, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Dohler GmbH, Herbal Creations, Herbochem, India Essential Oils, K. Patel Phyto Extractions Pvt. Ltd., Kalsec Inc., MB Holding GmbH and Co. KG, Mountain Rose Herbs, Naturalin Bio Resources Co. Ltd., Naturex SA, Organic Herb Inc., Ransom Naturals Ltd., SA Herbal Bioactives LLP, Sami Spices, Shaanxi Jiahe Phytochem Co. Ltd., Starwest Botanicals.com Inc., Synergy Flavors Inc., Synthite Industries Pvt. Ltd., Vidya Herbs Pvt. Ltd., and Natures Way Brands LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Herbal Extract Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the herbal extract market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of herbal extract market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global herbal extract market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global herbal extract market 2017 - 2021 ($ billion)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 34: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

6.4 Personal care - Market size and forecast 2022-2027
- Exhibit 38: Chart on Personal care - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Personal care - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Personal care - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Personal care - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027
- Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ billion)
- Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 48: Chart on Type - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 50: Chart on Comparison by Type
- Exhibit 51: Data Table on Comparison by Type

7.3 Liquid - Market size and forecast 2022-2027
- Exhibit 52: Chart on Liquid - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Liquid - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Liquid - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Liquid - Year-over-year growth 2022-2027 (%)

7.4 Powder - Market size and forecast 2022-2027
- Exhibit 56: Chart on Powder - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Data Table on Powder - Market size and forecast 2022-2027 ($ billion)
- Exhibit 58: Chart on Powder - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Powder - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type
- Exhibit 60: Market opportunity by Type ($ billion)
- Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 India - Market size and forecast 2022-2027
- Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027
- Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Dohler GmbH
- Exhibit 115: Dohler GmbH - Overview
- Exhibit 116: Dohler GmbH - Product / Service
- Exhibit 117: Dohler GmbH - Key offerings

12.4 Herbal Creations
- Exhibit 118: Herbal Creations - Overview
- Exhibit 119: Herbal Creations - Product / Service
- Exhibit 120: Herbal Creations - Key offerings

12.5 Herbochem
- Exhibit 121: Herbochem - Overview
- Exhibit 122: Herbochem - Product / Service
- Exhibit 123: Herbochem - Key offerings

12.6 K. Patel Phyto Extractions Pvt. Ltd.
- Exhibit 124: K. Patel Phyto Extractions Pvt. Ltd. - Overview
- Exhibit 125: K. Patel Phyto Extractions Pvt. Ltd. - Product / Service
- Exhibit 126: K. Patel Phyto Extractions Pvt. Ltd. - Key offerings

12.7 Kalsec Inc.
- Exhibit 127: Kalsec Inc. - Overview
- Exhibit 128: Kalsec Inc. - Product / Service
- Exhibit 129: Kalsec Inc. - Key offerings

12.8 MB Holding GmbH and Co. KG
- Exhibit 130: MB Holding GmbH and Co. KG - Overview
- Exhibit 131: MB Holding GmbH and Co. KG - Product / Service
- Exhibit 132: MB Holding GmbH and Co. KG - Key offerings

12.9 Mountain Rose Herbs
- Exhibit 133: Mountain Rose Herbs - Overview
- Exhibit 134: Mountain Rose Herbs - Product / Service
- Exhibit 135: Mountain Rose Herbs - Key offerings

12.10 Naturalin Bio Resources Co. Ltd.
- Exhibit 136: Naturalin Bio Resources Co. Ltd. - Overview
- Exhibit 137: Naturalin Bio Resources Co. Ltd. - Product / Service
- Exhibit 138: Naturalin Bio Resources Co. Ltd. - Key offerings

12.11 Naturex SA
- Exhibit 139: Naturex SA - Overview
- Exhibit 140: Naturex SA - Product / Service
- Exhibit 141: Naturex SA - Key offerings

12.12 Organic Herb Inc.
- Exhibit 142: Organic Herb Inc. - Overview
- Exhibit 143: Organic Herb Inc. - Product / Service
- Exhibit 144: Organic Herb Inc. - Key offerings

12.13 SA Herbal Bioactives LLP
- Exhibit 145: SA Herbal Bioactives LLP - Overview
- Exhibit 146: SA Herbal Bioactives LLP - Product / Service
- Exhibit 147: SA Herbal Bioactives LLP - Key offerings

12.14 Shaanxi Jiahe Phytochem Co. Ltd.
- Exhibit 148: Shaanxi Jiahe Phytochem Co. Ltd. - Overview
- Exhibit 149: Shaanxi Jiahe Phytochem Co. Ltd. - Product / Service
- Exhibit 150: Shaanxi Jiahe Phytochem Co. Ltd. - Key offerings

12.15 Starwest Botanicals.com Inc.
- Exhibit 151: Starwest Botanicals.com Inc. - Overview
- Exhibit 152: Starwest Botanicals.com Inc. - Product / Service
- Exhibit 153: Starwest Botanicals.com Inc. - Key offerings

12.16 Synthite Industries Pvt. Ltd.
- Exhibit 154: Synthite Industries Pvt. Ltd. - Overview
- Exhibit 155: Synthite Industries Pvt. Ltd. - Product / Service
- Exhibit 156: Synthite Industries Pvt. Ltd. - Key offerings

12.17 Vidya Herbs Pvt. Ltd.
- Exhibit 157: Vidya Herbs Pvt. Ltd. - Overview
- Exhibit 158: Vidya Herbs Pvt. Ltd. - Product / Service
- Exhibit 159: Vidya Herbs Pvt. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 160: Inclusions checklist
- Exhibit 161: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 162: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 163: Research methodology
- Exhibit 164: Validation techniques employed for market sizing
- Exhibit 165: Information sources

13.5 List of abbreviations
- Exhibit 166: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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