South Korea Thyme Extract Market was valued at USD 0.03 Billion in 2022 and is projected to reach USD 0.05 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The South Korea thyme extract market has been steadily growing due to the increasing demand for natural and plant-based ingredients in various industries. Thyme extract, known for its medicinal and culinary properties, is increasingly being used in sectors such as food and beverages, cosmetics, pharmaceuticals, and personal care. The growing awareness of the benefits of herbal extracts and the shift towards organic products has driven the market's expansion.
In the food and beverage industry, thyme extract is valued for its antioxidant and antimicrobial properties, making it a popular ingredient in sauces, dressings, and seasonings. Manufacturers are also incorporating it into packaged foods to enhance flavor profiles while providing added health benefits. The South Korean consumer market is embracing thyme as a natural preservative and flavor enhancer, contributing to the increase in demand for thyme extract-based products.
The cosmetics and personal care industries in South Korea are also significant consumers of thyme extract. Due to its rich content of thymol, a compound known for its anti-inflammatory and antioxidant properties, thyme extract is used in skincare formulations targeting acne, aging, and sensitive skin. As K-beauty continues to dominate the global market, the demand for plant-based and eco-friendly skincare ingredients, including thyme extract, is rapidly growing. Thyme's natural antimicrobial properties make it an excellent addition to products like facial cleansers, serums, and lotions.
In the pharmaceutical sector, thyme extract is increasingly used in alternative medicine. The extract is known to have various therapeutic effects, such as boosting immunity and reducing respiratory infections. With an aging population and a shift towards preventive healthcare, the pharmaceutical industry is utilizing thyme extract in dietary supplements and herbal remedies. Furthermore, thyme extract is gaining popularity in South Korea due to the growing preference for natural ingredients in the treatment of common ailments.
The rising demand from these industries is prompting South Korean manufacturers to focus on high-quality extraction processes to meet the needs of consumers. Moreover, the global trend towards sustainability and organic products is further fueling the demand for thyme extract, making it a key ingredient in the future of South Korea's growing market.
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Berje
NOW Health Group
Ecuadorian Rainforest
MB-Holding
IL Health & Beauty Natural Oils
Bontoux
Treatt
R Ince und Fichtner
Sigma-Aldrich
Shaoxing Marina Biotechnology
The Lebermuth
Penta International
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Thyme Extract Market
Organic Thyme Extract
Conventional Thyme Extract
Liquid
Powder
Food & Beverage
Cosmetics & Personal Care
Pharmaceuticals
Animal Feed
Others
Food Manufacturers
Pharmaceutical Companies
Cosmetics Brands
Health & Wellness Industry
Steam Distillation
Cold Press Extraction
Soxhlet Extraction
Solvent Extraction
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Thyme Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Thyme Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Thyme Extract Market, By Type
6. South Korea Thyme Extract Market, By Application
7. South Korea Thyme Extract Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Thyme Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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