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Industry

Thyme extract Market Display Significant Growth by 2018 to 2028

Thyme extract Market Outlook:

Thyme is an aromatic herb derived from the genus Thymus. Extracts from thyme plants are used in many applications owing to their diverse range of properties and versatile applications. Thyme extract is mostly used in cosmetics, fragrances, culinary, pharmaceutical and the food & beverage industry. Increasing trend of personal grooming amongst consumers is fuelling the demand for cosmetics and personal care products, which is boosting the demand for thyme extract in the market. Thyme extract also possesses various medicinal properties, such as anti-microbial and anti-inflammatory properties, which is why it is given preference over synthetic substitutes. Thyme extract is also used as a flavoring agent in the food and beverage industry and rising demand for natural flavoring agents is fuelling the demand for thyme extract in the market. Thyme extract-based products are gaining traction in the market owing to the shift in consumer preference towards herbal extract-based products from conventional products. All these factors collectively will account for a hike in demand for thyme extract in the market over the forecast period.

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Growing health consciousness and increasing demand for natural ingredient based cosmetic products is driving the thyme extract market:

In the recent global scenario, steady growth in the cosmetic and pharmaceuticals industry and growing attraction towards natural based products is being witnessed, which is leading to an increase in demand for thyme extract in the global market. Increasing awareness among consumers about the side effects of chemical ingredients is one of the major growth drivers for the thyme extract market. Furthermore, numerous medicinal properties of thyme extract, such as anti-inflammatory and antiseptic properties coupled with aromatic properties, is the reason for the growth in the usage of thyme extracts in the pharmaceutical industries, contributing towards the rise of the thyme extract market. The food and beverage industry is growing exponentially these days which is leading to an increase in demand for flavoring agents and thereby, increasing demand for thyme extract in the market. The demand for products with natural based ingredients is witnessing a persistence growth aiding to increase in the demand of thyme extract in the market.

Thyme extract Market: Market Segmentation

On the basis of form, the global Thyme extract market has been segmented as:

  • Powder
  • Liquid

On the basis of nature, the global Thyme extract market has been segmented as:

  • Organic
  • Conventional

On the basis of application, the global Thyme extract market has been segmented as:

  • Food and Beverages.
  • Pharmaceuticals
  • Sore throat
  • Bronchitis
  • Lower blood pressure
  • Improves immunity
  • Antiseptic
  • Bacterial and fungal infection
  • Anti-Inflammatory
  • Others
  • Personal care & Cosmetics
  • Shampoos
  • Toothpaste
  • Hair conditioners
  • Cologne
  • Soaps
  • Detergent
  • Creams

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On the basis of Distribution Channel, the global Valerian market has been segmented as:

  • Hypermarkets
  • Supermarkets
  • Specialty Retail Stores
  • Online Retailers

Global Thyme extract Market: Market Participants:

The key market participants identified across the value chain of the global Thyme extract market are Foodchem International Corporation, The John D. Walsh Company, Inc., The Lebermuth Co., Inc., IL Health & Beauty Natural Oils Co., MB-Holding GmbH & Co. KG, NOW Health Group, Inc., Berjé Inc., Ecuadorian Rainforest, LLC,, Inc., Bontoux S.A.S., Treatt Plc, Reincke und Fichtner GmbH, Sigma-Aldrich Co. LLC., Shaoxing Marina Biotechnology Co.,Ltd., Penta International Corporation and others.

Opportunities for Thyme extract Market participants:

Increase in the growth of cosmetics trade globally is increasing the demand for herbal products, which is a major factor aiding the growth in demand for thyme extract in the market. Regions, such as North America and Europe, will witness growing demand for thyme extract owing to the increasing consumer base for cosmetics and personal care products. The demand for thyme extract will also pace up over the forecast period due to growing applications of thyme extract as a food flavoring and preserving agent. Regions, such as the Asia Pacific, will also witness growing demand for thyme extract due to increasing per capita consumption of consumers and growing food and beverage industry. Thyme extract is also used in nutraceuticals and pharmaceuticals as thyme extract helps in preventing and curing several ailments. Sensing lucrative growth opportunities, a lot of new market players are anticipated to enter the thyme extract market over the forecast period.

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