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The global apple extract industry is significantly being driven by the rising demand from the food as well as the beauty and personal care industries. Apple extract is widely being used by consumers for skincare as it provides immediate effects in treating different skin conditions. New formulations of apple extract are being used to produce skincare products, especially as the consumers are increasingly looking for products with natural and organic ingredients.
The product also finds wide applications in the pharmaceutical industry. Apple extract contains ursolic acid as well as quercetin, which are active and are used in the pharmaceutical industry as anti-inflammatory agents. Apple extract also helps to prevent prostate, skin, and breast cancer and helps the prevent the development of cancerous cells. These health benefits of apple extract are expected to bolster the demand for the product in the health and pharmaceutical industry.
Due to the increased health awareness and diverse applications of apple extract, the rapid development of the apple extract industry can be expected in the forecast period. The global apple extract industry is further being driven by the rising e-commerce platforms, which are witnessing a robustly growing consumer base. Apple extracts are widely available on various distribution channels, such as Amazon (NASDAQ: AMZN) and Walmart Inc (NYSE: WMT).
Market Analysis by Apple Type, Form, Application, Distribution Channel, and Region:
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The major players in the global apple extract market are Kuber Impex Ltd., Ambe NS Agro Products Pvt. Ltd., and Herbafood Ingredients GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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