Market Overview:
The global honeybush extract market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for honeybush extract in the pharmaceutical, food and beverages, and personal care industries. Honeybush extract is used as a natural preservative and flavoring agent in various products. It also has several health benefits such as anti-inflammatory properties, cancer prevention properties, and antioxidant properties which are driving its demand in the global market. Based on type, the global honeybush extract market is segmented into powder and liquid segments. The powder segment is expected to account for a larger share of the global honeybush extract market during the forecast period owing to its ease of use and longer shelf life as compared to liquid extracts. Based on application, the global honeybush extract market is segmented into pharmaceuticals, food & beverages industry (including bakery & confectionery products), personal care industry (including skin care products), nutraceuticals industry (including dietary supplements) among others. The pharmaceuticals sector accounted for majority share of revenue generated by application segments in 2017 owing to increasing adoption of natural ingredients by manufacturers operating in this sector across different geographies worldwide .
Product Definition:
Honeybush Extract is a water-soluble extract derived from the dried leaves of the honeybush (Cyclopia intermedia), a shrub that is indigenous to South Africa. The main polyphenols in honeybush are flavonoids and proanthocyanidins. Honeybush extract has been shown to exhibit anti-inflammatory, antioxidant, and antimicrobial properties.
Powder:
Powder is a dry, free-flowing granular material that is used as an additive in the food and beverage industry. It can be categorized as a colloidal suspension of solid particles having particle size less than or equal to 5 microns. Powder has high demand in dairy products such as milk powder, coffee powder, tea powder and cereal grains due to its ability to reduce fat content and increase nutrition value of the final product.
Liquid:
Liquid is a solution of salts and sugar. It is used as an extractant in the manufacturing process of honeybush extract. Honeybush extracts are natural flavoring agents that are obtained from the flower nectar of Eucalyptus Globulus plant by steam distillation. The liquid extracted from this plant has antiseptic, antioxidant, anti-inflammatory and antiviral properties which increase its demand in pharmaceutical industries across the globe.
Application Insights:
The global honeybush extract market has been segmented on the basis of application into pharmaceutical, food and beverages, personal care and others. The personal care segment is anticipated to witness a lucrative CAGR over the forecast period owing to increasing demand for natural skin-care products with anti-aging properties. Honeybush extracts have also shown potential as antimicrobial agents in hair treatment formulations.
The product finds applications in several pharmaceutical formulations including cough syrups and oral medication for children due to its anti-inflammatory & antiseptic properties. It is also used as an expectorant in cough mixtures along with other ingredients such as elderflower blossom water or vinegar.
Regional Analysis:
North America was the largest market for honeybush extract, accounting for a share of more than 30.0% in 2017. The region is expected to maintain its lead over the forecast period owing to increasing product demand as a result of rising consumer awareness regarding health and well-being coupled with rapid urbanization and changing lifestyles in countries such as the U.S., Canada, Mexico, and Brazil among others.
Asia Pacific is projected to be one of the fastest growing regional markets at an estimated CAGR of XX% from 2018 to 2030 due to high consumption levels coupled with rapidly developing economies such as China, India, Japan among others which are major consumers across this region owing their large population base along with rising disposable income levels that have triggered increased spending on personal care products including skin care creams & lotions.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of honeybush extract
- Growing popularity of honeybush tea among health-conscious consumers
- Rising demand from emerging markets
- Technological advancements in honeybush extraction process
Scope Of The Report
Report Attributes
Report Details
Report Title
Honeybush Extract Market Research Report
By Type
Powder, Liquid
By Application
Pharmaceutical, Food and Beverages, Personal Care
By Companies
Arbor Teas, Twining USA, Adagio Teas, Cape Honeybush Tea, Khoisan Tea
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Honeybush Extract Market Report Segments:
The global Honeybush Extract market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Food and Beverages, Personal Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arbor Teas
- Twining USA
- Adagio Teas
- Cape Honeybush Tea
- Khoisan Tea
Highlights of The Honeybush Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Pharmaceutical
- Food and Beverages
- Personal Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Honeybush Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Honeybush extract is a natural product that has been used in traditional Chinese medicine to treat a variety of conditions. It is made from the flowers and leaves of the honeybush plant, which is native to China. Honeybush extract contains compounds that have anti-inflammatory and antioxidant properties, which may help reduce symptoms associated with conditions such as arthritis, asthma, and chronic pain.
Some of the major companies in the honeybush extract market are Arbor Teas, Twining USA, Adagio Teas, Cape Honeybush Tea, Khoisan Tea.
The honeybush extract market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Honeybush Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Honeybush Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Honeybush Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Honeybush Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Honeybush Extract Market Size & Forecast, 2020-2028
4.5.1 Honeybush Extract Market Size and Y-o-Y Growth
4.5.2 Honeybush Extract Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Food and Beverages
6.2.3 Personal Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Honeybush Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Honeybush Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Food and Beverages
9.10.3 Personal Care
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Food and Beverages
10.10.3 Personal Care
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Food and Beverages
11.10.3 Personal Care
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Food and Beverages
12.10.3 Personal Care
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Food and Beverages
13.10.3 Personal Care
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Honeybush Extract Market: Competitive Dashboard
14.2 Global Honeybush Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arbor Teas
14.3.2 Twining USA
14.3.3 Adagio Teas
14.3.4 Cape Honeybush Tea
14.3.5 Khoisan Tea
