Botanical Extraction Equipment Market Overview
Consumer preference has a swift shift towards organic & natural products from synthetic products due to increasing awareness concerning the side effects of synthetic products. Increasing demand for natural products leads to advance in demand for botanical extracts. To get the extracts from plants, extraction process gain traction over conventional method of separation such as distillation or concentration, owing to its higher efficiency, technological advancement, and cost-effectiveness, which in turn create the demand for botanical extraction equipment.
The global market for botanical extraction equipment is likely to grow with a higher single-digit CAGR during the forecast period, owing to the rising awareness of health and wellness and shifting consumer preference towards organic products.
Request for Sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=7051
Botanical Extraction Equipment Market Dynamics
Botanical extraction equipment market is mainly driven by the rising awareness towards health & wellness and side effect of synthetic products use. Increasing demand for the organic product will require the sufficient amount of botanical extracts to fulfill the consumer demand to go organic, which in turn create the healthy environment for the botanical extraction equipment in the coming years.
The cannabis industry is one of the major industry, which create an ample amount of opportunity in the botanical extraction equipment market. Rapid legalization of cannabis and cannabis-infused products creates demand for Cannabidiol (CBD) & Tetrahydrocannabinol (THC), which obtained through extraction of cannabis increases in past few years. Cannabis industry is growing with a healthy growth rate of over 40% which is likely to boost the demand for botanical extraction equipment during the forecast period.
Besides, cost-effectiveness, efficiency, and requirement of low energy, the significant factor driving the market for botanical extraction equipment is the increase in inclination toward organic and herbal attributes in products, across various industries. Food & beverage industry and cosmetics industry generate the maximum demand for plant extracts owing to the increase in consumer demand for plant extract nutritional supplements and beauty products. This scenario is thereby expected to boost up the demand for the market during the forecast period.
Furthermore, the major challenge associated with the botanical extraction equipment is standardization and quality control at the time of multi herb extraction. Standardization which consists of a fixed amount of extracts per unit, per cycle consistency is difficult in medicinal herbs extraction as compared to chemical composition.
Botanical Extraction Equipment Market Regional Overview
North America dominates the global market for botanical extraction equipment owing to the presence of leading pharmaceutical manufacturers & cannabis extractors in the region. North America having the world’s leading market for cannabis due to early acceptance for medical as well as recreational purposes in most of the states. North America distantly followed by Europe and the Asia Pacific. Asia Pacific is expected to represent significant growth during the forecast period owing to the presence of world’s leading pharmaceutical industries in the region like India, China & Japan. Also, increasing demand for organic products and legalization of cannabis cultivation for industrial & medicinal purposes is likely to support the growth of botanical extraction equipment in the region.
Request for Customization – https://www.factmr.com/connectus/sample?flag=RC&rep_id=7051
Botanical Extraction Equipment Market Competition Landscape
Botanical extraction equipment market is consolidated in nature and is dominated by few leading players. Some of the prominent players in the global botanical extraction equipment market are
- Apeks Systems
- Eden Labs
- solate Extraction Systems Inc
- Chemvak cc
- United Science.(extraktLAB)
- Precision Extraction Solutions
- Cool Clean Technologies
- Alfa Laval
- GTech Bellmor
- Pure Extraction among others
Botanical Extraction Equipment Market Segmentation
For better understanding, global market for botanical extraction equipment analyzed under equipment, capacity, extraction source, application and region.
-
By Equipment category
- Supercritical CO2 Extractor
- Solvent Extractor
- Cold Press Extractor
- Others
-
By Capacity (per cycle)
- Below 5 Kgs
- 5 – 10 Kgs
- 10 – 20 Kgs
- Above 20 Kgs
-
By Source
- Leaves
- Fruits, flowers, and bulbs
- Rhizomes & roots
- Barks & stems
- Others (seeds, pods, and berries)
-
By Form
- Solid
- Liquid
- Powder
- Other
-
By Application
- Research and Academia
- Extractors
- End Product Manufacturers
- Pharmaceuticals & dietary supplements
- Food & beverages
- Cosmetics
- Others (personal care products and toiletries)
-
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Read More Trending Reports of Fact.MR-
Why choose Fact.MR?
Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – https://www.factmr.com/report/5411/utility-locator-market
Firestop Sealants Market – https://www.factmr.com/report/3646/firestop-sealants-market
Centrifugal Chiller Market – https://www.factmr.com/report/4231/centrifugal-chiller-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com