American Spikenard Extract Market: Increased Demand Expected to Soar Revenue during Forecast Period

American spikenard extract is a medicinal herb, which is used for different applications such as additives in food, pharmaceutical formulations, oils and solutions preparation, etc. The wide range of practical applications of the American spikenard extract leads to the demand from different industries over the forecast period.The rise in the food and beverages and pharmaceutical industry is likely to expand the market for American spikenard extract as it has been used as an indirect additive in the food products, such as tea and soups. The growing healthcare industry will have a positive impact on the American spikenard extract market.

Thyme extract Market: Regional Growth Trends Focusing on Manufacturers Recorded during 2019-2028

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.