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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Botanical extracts are extracted from plant and are rich in amino acids, vitamins, and minerals. These add refreshing, healing, cooling, and balancing properties to cosmetic products for skin care and hair care. It is widely available in powder and liquid forms, which includes extracts from banana leaf, cucumber peal, grape seed, licorice root, green tea, olive leaf, sunflower, rosemary, thyme, and others. These botanical extracts are used in pre-existing cosmetic bases and also in products such as moisturizers, after-sun products, and foaming products.

Market Dynamics:-

Increasing demand for organic and natural products coupled with changing consumer preferences towards safe and gentle ingredients for their hair care and skin care formulations is expected to boost demand for cosmetic botanical products over the forecast period.

Rising awareness among populace about side-effects of synthetic products or ingredients is expected to fuel demand for cosmetic botanical products market over the forecast period. Moreover, many companies are focused on adopting botanical extracts as a healthy and natural alternative to synthetic ingredients used previously by the cosmetic industry. This scenario is expected to provide ample of growth opportunities for the companies operating in the cosmetic botanical extracts market.

Furthermore, biological properties offered by botanical extracts such as antioxidant, anti-inflammatory, antimicrobial, antiseptic, and others are expected to fuel demand for botanical extracts from cosmetic industry over the forecast period.

However, large and easy availability of synthetic ingredients or extracts is expected to hinder growth of the cosmetic botanical extracts market over the forecast period.

Market Outlook:-

Based on form, botanical extracts market is segmented into powder and liquid. Wherein, in 2018, powder segment accounted for the largest market share, in terms of revenue and contributed for over half of the revenue share in the cosmetic botanical extracts market. The segment growth is driven by rising usage of powder extracts, owing to properties such as easy dissolvability in water and convenience of usage.

Among regions, North America and Europe together contributed for the large chunk of global cosmetic botanical extracts market in 2018. Whereas, Asia Pacific is expected to witness significant growth over the forecast period (2019-2027), attributed to increasing population and growing consumer awareness associated with the usage of natural and organic cosmetic products.

Key Players:-

Players operating in the global cosmetic botanical extracts market include International Flavors & Fragrances Inc. (IFF), Herbochem, Phyto Life Sciences P. Ltd., Bioveda Naturals, Blue Sky Botanics, Green Source Organics, Vivaan Herbals & Healthcare, and COBIOSA.

Major companies dealing in the market are focused on adopting various strategies such as mergers & acquisitions and new product development, in order to strengthen their position in the competitive business environment. For instance, in September 2019, International Flavors & Fragrances (IFF)-Lucas Meyer Cosmetics, a leading innovator of scent, nutrition, and taste acquired Speximo AB, a Sweden-based company focused on development of next generation encapsulation and stabilization products for development of sustainable cosmetic and personal care products. This acquisition aimed towards the expansion of product portfolio of International Flavors & Fragrances (IFF)-Lucas Meyer Cosmetics.

Market Taxonomy:-

On the basis of form, the global cosmetic botanical extracts market is segmented into:

  • Powder
  • Liquid

On the basis of application, the global cosmetic botanical extracts market is segmented into:

  • Skin care
  • Hair care

On the basis of source, the global cosmetic botanical extracts market is segmented into:

  • Herbs
  • Roots
  • Flowers
  • Fruits
  • Others (Leaves, Seeds, and Others)

On the basis of region, the global cosmetic botanical extracts market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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