Thyme Extract Market
Thyme Extract Market Study by Powder and Liquid Forms for Application in Food & Beverages, Pharmaceuticals, Bronchitis, and Sore Throat from 2023 to 2033
Analysis of Thyme Extract Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Thyme Extract Market Outlook (2023 to 2033)
The thyme extracts are used for chemicals that help in bacterial and fungal infections. This was found effective in treating cough conventionally and also in many other situations such as hair loss and dementia. Thyme is mostly used in cosmetics, fragrances, culinary, pharmaceutical, and food & beverage industries. The increasing trend of personal grooming amongst consumers is fuelling the demand for cosmetics and personal care products, which is boosting the demand for the market.
These extracts also possess various medical properties such as antimicrobial and anti-inflammatory properties which is why they gave preference over synthetic substitutes. As it’s an excellent food flavoring agent which fuels the demand for products in the market. Thyme-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 in the market over the forecast period.
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What are industry dynamics projecting growth for the market?
Thyme is distinct in terms of taste and has remained a culinary staple. It always demanded its cosmetic and medicinal properties. Thyme is effective in fighting acne and lowering blood pressure. Alongside this, it helps in preventing immunity.
As confirmed by the U.S department of agriculture thyme contains helpful nutrients that are good for our skin, eyes, and hair. It is rich in vitamins A, vitamin C, copper, fiber, manganese, and Iron.
The expanding cosmetic industry creates room for thyme application
In 2022, the global market has noticed a growth of over 16% more than that of previous years. The growing segments under cosmetic arcade are - haircare, skincare, and perfume products. Skincare was the leading category in 2021, accounting for 41% of the total market share. While the haircare segment amounted to 22% in the same year.
As a result of the projected growth potential in the cosmetic industry, there is an expected rise in demand for natural products in the forecast period 2023- 2033. Increasing awareness among consumers about the side effects of chemical ingredients is one of the major growth drivers for the market.
Furthermore, the numerous medicinal properties of thyme extract, such as anti-inflammatory and antiseptic properties coupled with aromatic properties, are the reason for the growth in the usage of thyme in the pharmaceutical industries, contributing towards the rise of the market.
Main uses in the culinary and food sector- antimicrobial activities, and antioxidants.
As flavoring of food remains the main thyme application segment its microbial activities and antioxidants are considered supplementary benefits of thyme. Enhanced flavor and prevention of oxidative spoilage of food are key reasons for food producers giving preference to thyme usage.
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 in the market. The demand for products with natural based ingredients is witnessing persistent growth aiding an increase in the demand in the market. several forms of thyme are being under scrutiny as natural antimicrobial agents for food preservation.
This plant is effective in improving shelf life that may vary from 3 to 15 days in seafood. Furthermore, the decreasing microbial actions in food, as a result, it’s been in demand as a preservative in the seafood segment.
However, there are some allergic reactions post-consumption of thyme that might affect the adoption of this product. These further can include dizziness and upset stomach in some people. Moreover, there is less reliable information regarding product safety is a key concern likely to affect the market in the forecast period. As thyme is part of the sensitive mint family so if one is allergic to mint they might develop an allergy to thyme. Its respiratory sensitizer can elevate respiratory issues.
Key Players
The key players in the industry are-
- MB-Holding
- GmbH & Co. KG,
- IL Health & Beauty Natural Oils Co.,
- The Lebermuth Co. Inc.,
- The John D. Walsh Company Inc.,
- Foodchem International Corporation
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Regional Outlook
The increased growth of the cosmetics trade globally is increasing the demand for herbal products, which is a major factor aiding the growth in demand in the market. Regions, such as North America and Europe, will witness growing demand owing to the increasing consumer base for cosmetics and personal care products. The demand will also pace up over the forecast period due to growing applications as a food flavoring and preserving agent.
Regions, such as the Asia Pacific, will also witness growing demand due to increasing per capita consumption of consumers and the growing food and beverage industry. These extracts are also used in nutraceuticals and pharmaceuticals as it helps in preventing and curing several ailments. Sensing lucrative growth opportunities, a lot of new market players are anticipated to enter the market over the forecast period.
Segmentation
-
By Form :
- Powder
- Liquid
-
By Nature :
- Organic
- Conventional
-
By Application :
- 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
-
By Distribution Channel :
- Hypermarkets
- Supermarkets
- Specialty Retail Stores
- Online Retailers
-
By Regions :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Form
- 6.2. Nature
- 6.3. Application
- 6.4. Distribution Channel
- 7. Global Market Analysis and Forecast, By Form
- 7.1. Powder
- 7.2. Liquid
- 8. Global Market Analysis and Forecast, By Nature
- 8.1. Organic
- 8.2. Conventional
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Food and Beverages
- 9.2. Pharmaceuticals
- 9.3. Sore throat
- 9.4. Bronchitis
- 9.5. Lower blood pressure
- 9.6. Improves immunity
- 9.7. Antiseptic
- 9.8. Bacterial and fungal infection
- 9.9. Anti-Inflammatory
- 9.10. Others
- 9.11. Personal care & Cosmetics
- 9.12. Shampoos
- 10. Global Market Analysis and Forecast, By Distribution Channel
- 10.1. Hypermarkets
- 10.2. Supermarkets
- 10.3. Specialty Retail Stores
- 10.4. Online Retailers
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. Asia Pacific
- 11.6. East Asia
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Form, Nature, Application, and Distribution Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. MB-Holding
- 21.2. GmbH & Co. KG
- 21.3. IL Health & Beauty Natural Oils Co.
- 21.4. The Lebermuth Co. Inc.
- 21.5. The John D. Walsh Company Inc.
- 21.6. Foodchem International Corporation
List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Form
Table 3: Global Market US$ Mn Forecast by Nature
Table 4: Global Market US$ Mn Forecast by Application
Table 5: Global Market US$ Mn Forecast by Distribution Channel
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Form
Table 8: North America Market US$ Mn Forecast by Nature
Table 9: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by Distribution Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Form
Table 13: Latin America Market US$ Mn Forecast by Nature
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by Distribution Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Form
Table 18: Western Europe Market US$ Mn Forecast by Nature
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by Distribution Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Form
Table 23: Eastern Europe Market US$ Mn Forecast by Nature
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by Distribution Channel
Table 26: Asia Pacific Market US$ Mn Forecast by Country
Table 27: Asia Pacific Market US$ Mn Forecast by Form
Table 28: Asia Pacific Market US$ Mn Forecast by Nature
Table 29: Asia Pacific Market US$ Mn Forecast by Application
Table 30: Asia Pacific Market US$ Mn Forecast by Distribution Channel
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Form
Table 33: East Asia Market US$ Mn Forecast by Nature
Table 34: East Asia Market US$ Mn Forecast by Application
Table 35: East Asia Market US$ Mn Forecast by Distribution Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Form
Table 38: MEA Market US$ Mn Forecast by Nature
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by Distribution Channel
List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
What is the expected growth rate for the market?
The global market is likely to progress at a CAGR of 5.6% through the forecast period.
What are the prominent factors driving sales?
Growing demand for natural-ingredients-based cosmetic products and rising health consciousness are propelling the demand.
Who are the leading players in the market?
MB-Holding GmbH & Co. KG, IL Health & Beauty Natural Oils Co., The Lebermuth Co. Inc., The John D. Walsh Company Inc., and Foodchem International Corporation are prominent suppliers in the industry.
What are the key reasons for demand from the food sector?
Thyme is preferred in the food sector application due to its preservation capacity, and antimicrobial properties.
Thyme Extract Market