With heightened consumer preference for clean label drinks with clean, organic ingredients, Market Research Future (MRFR), Maharashtra, India, notes that the usage of botanical extracts is not only prevalent in the healthcare industry, but also one of the most significant components in the food and beverage space.
According to MRFR’s report titled "Botanical Extracts Market Information by Form, Application, and Region - Forecast till 2030,” the market will capture a compound annual growth rate (CAGR) of 9.5% between 2020 and 2030, touching a valuation of $10.20 billion by 2030.