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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.
Growing health consciousness and increasing demand for natural ingredient based cosmetic products is driving 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.
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.
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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.
Brief Approach to Research for Thyme extract Market:
The company will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.
Key Data Points Covered in the Report:
Some of the key data points covered in our report for the Thyme extract market include:
- An overview of the Thyme extract market, including background and evolution
- Macroeconomic factors affecting the Thyme extract market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the Thyme extract market
- The cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major Thyme extract market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the Thyme extract market structure, including a tier-wise categorization of key market participants
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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