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Natural Extracts Market Size, Share & Trends Analysis Report by Product (Essential Oils, Oleoresins, Herbal Extracts, Natural Colors, Dried Crops), by Application, by Region, and Segment Forecasts, 2021 - 2028

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    Report

  • April 2021
  • Region: Global
  • Grand View Research
  • ID: 5318369
The global natural extracts market size is expected to reach 18.95 billion by 2028. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The increasing consumer awareness regarding the benefits of natural products, coupled with the changing lifestyles and the growing consumer disposal income, is fueling the market growth.



The COVID-19 spread across geographies impacted the market by causing supply chain disruptions and industrial shutdowns in 2020. However, it created a significant demand for nutraceutical and pharmaceutical supplements and functional food and beverage products that supported the market growth.

The pharmaceuticals and nutraceuticals application segments are likely to offer prominent opportunities as the demand for naturally healthy and nutritional supplements is increasing. Immunity-boosting supplements are expected to favor the market growth, especially post the COVID-19 impact. Essential oils are expected to witness considerable growth in the forecast period owing to their demand in the flavors and fragrances application. Global adoption of aromatherapy as a stress-releasing and relaxing activity is likely to boost product sales in the near future. Europe accounted for the largest revenue share in 2020.

The market is likely to witness lucrative opportunities from other applications, such as cleaning formulations, disinfectants, and mosquito repellents. Lemon, clove, peppermint, bergamot, cinnamon, cilantro, orange, lavender, lime, and melaleuca are some of the popularly used essential oils in cleaning and home applications. These oils help break down toxins, clean and purify the air, support healthy respiratory function, and relieve seasonal discomfort. Tea tree and eucalyptus essential oils are widely used for bathroom cleaning applications owing to their antifungal and antibacterial properties, which are effective in controlling the spread of staph germs, influenza, and pneumonia. Thyme oil is used in kitchen cleaners owing to its antiseptic and antibacterial properties, thus enabling the control of bacteria.

The highest natural extracts demand has been witnessed in Europe and North America from the food and beverage and personal care and cosmetics application segments, mainly in the form of flavors and fragrances. The expanding markets of India and China in the Asia Pacific region are likely to promote market growth in terms of raw material availability, economical manufacturing, and emerging application markets in the countries.

Natural Extracts Market Report Highlights
  • The dried crops product segment held the largest revenue share of almost 40.0% in 2020 and is expected to dominate the market over the forecast period due to the rising demand for dried crops in various end-use industries.
  • The essential oils product segment is expected to witness considerable growth from 2021 to 2028 owing to their applications in flavors, fragrances, and aromatherapy.
  • In terms of revenue, the nutraceuticals application segment is anticipated to grow at the fastest rate of 9.4% over the forecast period.
  • Manufacturers focus on R&D initiatives to offer new and better products to the customers. Companies develop partnerships with other manufacturers to manufacture potential products to meet the specific demands of the customers.
  • The market has been characterized as a fragmented market as it includes several players operating in the market at the global and regional levels.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Market Definition
1.2 Research Workflow
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.3.6 Primary Sources
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Research Scope and Assumptions
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Natural Extracts Market: Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Industry Value Chain Analysis
3.3 Price Trend Analysis
3.3.1 By Product
3.3.2 By Application
3.3.3 By Region
3.4 Industry Average Profit Margin Analysis
3.5 Trade Scenario
3.6 Regulatory Framework
3.7 Natural Extracts Market Dynamics
3.7.2 Market Driver Analysis
3.7.2.1 Growing demand for natural and eco-friendly ingredients
3.7.2.2 Increasing adoption of Natural Extracts in end-use applications
3.7.2.3 Health benefits associated with natural extracts
3.7.3 Market Restraint Analysis
3.7.3.1 Environmental and Sustainability Concerns
3.7.3.2 Availability of Alternatives
3.7.4 Industry Challenges
3.7.5 Market Opportunity Analysis
3.8 Impact of COVID-19 Pandemic
3.9 Natural Extracts Industry Analysis - Porter’s
3.10 Macroeconomic Analysis - PESTEL
Chapter 4 Natural Extracts Market: Product Estimates & Trend Analysis
4.1 Market size & forecasts and trend analysis, 2017 to 2028 for the following:
4.1.1 Essential Oils
4.1.1.1 Turmeric Oil
4.1.1.2 Ginger Oil
4.1.1.3 Peppermint Oil
4.1.1.4 Patchouli Oil
4.1.1.5 Davana Oil
4.1.1.6 Cedarwood Oil
4.1.1.7 Cornmint Oil
4.1.1.8 Eucalyptus Oil
4.1.1.9 Lemon Oil
4.1.1.10 Lime Oil
4.1.1.11 Orange Oil
4.1.1.12 Vetiver Oil
4.1.1.13 Tea Tree
4.1.2 Oleoresins
4.1.2.1 Paprika
4.1.2.2 Black Pepper
4.1.2.3 Capsicum
4.1.2.4 Turmeric
4.1.2.5 Ginger
4.1.2.6 Garlic
4.1.2.7 Onion
4.1.2.8 Others
4.1.3 Herbal Extracts
4.1.3.1 Capsaicin
4.1.3.2 95% Curcumin
4.1.3.3 Ashwagandha
4.1.3.4 Kale
4.1.4 Natural Colors
4.1.4.1 Paprika
4.1.4.2 Natural yellow
4.1.4.3 Annatto
4.1.4.4 Anthocyanin
4.1.5 Dried Crops
4.1.5.1 Dried Chili Whole
4.1.5.2 Dried Ginger Whole
4.1.5.3 Dried Turmeric Whole
4.2 Company Market Share Analysis, by Product
4.3 Extraction Method, by Product
4.4 Raw Material Analysis & Raw Material Price Analysis, by Product
4.5 List of Raw Material Suppliers
4.6 Major Locations for Product Procurement
4.7 Production Estimates, by Extract, 2019
4.8 Target Market Analysis
Chapter 5 Natural Extracts Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Value Share, 2020 & 2028
5.2 Market size & forecasts and trend analysis, 2017 to 2028 for the following:
5.2.1 Personal Care & Cosmetics
5.2.2 Food & Beverage
5.2.3 Animal Feed
5.2.4 Pharmaceuticals
5.2.5 Nutraceuticals
5.2.6 Others
Chapter 6 Natural Extracts Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis & Market Share, 2020 & 2028
6.2 Market size & forecasts and trend analysis, 2017 to 2028 for the following:
6.2.1 North America
6.2.1.1 U.S.
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 France
6.2.2.3 U.K.
6.2.2.4 Italy
6.2.2.5 Spain
6.2.3 Asia Pacific
6.2.3.1 China
6.2.3.2 India
6.2.3.3 Japan
6.2.3.4 Malaysia
6.2.3.5 Vietnam
6.2.4 Central & South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.5 Middle East & Africa
6.2.5.1 Saudi Arabia
6.2.5.2 South Africa
Chapter 7 Global Competitive Analysis
7.1 Key players & recent developments & their impact on the industry
7.2 Vendor Landscape
7.2.1 List of Key Suppliers/ Distributors
7.2.2 List of Key End Users, By Product
7.3 Strategy Framework
7.4 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
Chapter 8 India Competitive Analysis
8.1 Key players & recent developments & their impact on the industry
8.2 Vendor Landscape
8.2.1 List of Key Suppliers/ Distributors
8.2.2 List of Key End Users, By Product
Chapter 9 Company Profiles
9.1 Symrise
9.1.1 Company Overview
9.1.2 General Information
9.1.3 Financial Performance
9.1.4 Product Portfolio
9.1.5 Strategic Initiatives
9.1.6 SWOT Analysis
9.1.7 Production Technology Analysis
9.1.8 Sales Channel Analysis
9.2 PT. Indesso Aroma
9.2.1 Company Introduction
9.2.2 General Information
9.2.3 Product Portfolio
9.2.4 Strategic Initiatives
9.2.5 SWOT Analysis
9.3 Kancor
9.3.1 Company Introduction
9.3.2 General Information
9.3.3 Product Portfolio
9.3.4 Strategic Initiatives
9.3.5 SWOT Analysis
9.3.6 Production Technology Analysis
9.3.7 Sales Channel Analysis
9.4 Synthite Industries Ltd.
9.4.1 Company Introduction
9.4.2 General Information
9.4.3 Product Portfolio
9.4.4 SWOT Analysis
9.4.5 Production Technology Analysis
9.4.6 Sales Channel Analysis
9.5 VedaOils.com
9.5.1 Company Introduction
9.5.2 General Information
9.5.3 Product Portfolio
9.5.4 SWOT Analysis
9.5.5 Sales Channel Analysis
9.6 Vidya Herbs
9.6.1 Company Introduction
9.6.2 General Information
9.6.3 Product Portfolio
9.6.4 Strategic Initiatives
9.6.5 SWOT Analysis
9.6.6 Production Technology Analysis
9.7 Plant Lipids
9.7.1 Company Introduction
9.7.2 General Information
9.7.3 Product Portfolio
9.7.4 SWOT Analysis
9.8 Ransom Naturals Ltd.
9.8.1 Company Introduction
9.8.2 General Information
9.8.3 Product Portfolio
9.8.4 Strategic Initiatives
9.8.5 SWOT Analysis
9.8.6 Sales Channel Analysis
9.9 India Essential Oils
9.9.1 Company Introduction
9.9.2 General Information
9.9.3 Product Portfolio
9.9.4 SWOT Analysis
9.9.5 Sales Channel Analysis
9.9.6 Production Technology Analysis
9.10 A.G. Industries
9.10.1 Company Introduction
9.10.2 General Information
9.10.3 Product Portfolio
9.10.4 SWOT Analysis
9.10.5 Sales Channel Analysis
9.11 Flavex Naturextrakte GmbH
9.11.1 Company Introduction
9.11.2 General Information
9.11.3 Product Portfolio
9.11.4 SWOT Analysis
9.11.5 Production Technology Analysis
9.12 Arjuna Natural Pvt. Ltd.
9.12.1 Company Introduction
9.12.2 General Information
9.12.3 Product Portfolio
9.12.4 SWOT Analysis
9.13 Firmenich SA
9.13.1 Company Introduction
9.13.2 General Information
9.13.3 Product Portfolio
9.13.4 SWOT Analysis
9.13.5 Sales Channel Analysis
9.14 Robertet Group
9.14.1 Company Introduction
9.14.2 General Information
9.14.3 Financial Performance
9.14.4 Product Portfolio
9.14.5 SWOT Analysis
9.15 Sami Spices
9.15.1 Company Introduction
9.15.2 General Information
9.15.3 Product Portfolio
9.15.4 SWOT Analysis
9.15.5 Production Technology Analysis
9.16 Falcon
9.16.1 Company Introduction
9.16.2 General Information
9.16.3 Product Portfolio
9.16.4 SWOT Analysis
9.17 Blue Sky Botanics
9.17.1 Company Introduction
9.17.2 General Information
9.17.3 Product Portfolio
9.17.4 SWOT Analysis
9.18 doTERRA
9.18.1 Company Introduction
9.18.2 General Information
9.18.3 Product Portfolio
9.18.4 SWOT Analysis
9.18.5 Sales Channel Analysis
9.19 Naturex
9.19.1 Company Introduction
9.19.2 General Information
9.19.3 Product Portfolio
9.19.4 Strategic Initiatives
9.19.5 SWOT Analysis
9.20 OmniActive Health Technologies
9.20.1 Company Introduction
9.20.2 General Information
9.20.3 Product Portfolio
9.20.4 Strategic Initiatives
9.20.5 SWOT Analysis
List of Tables
Table 1 Health benefits associated with natural extracts
Table 2 Extraction method, by product
Table 3 Raw material analysis & raw material price analysis, by product
Table 4 List of raw material suppliers
Table 5 Major locations for product procurement
Table 6 Major essential oils and their food & beverage applications
Table 7 List of key global suppliers
List of Figures
Fig. 1 Natural Extracts Market Segmentation & Scope
Fig. 2 Strategy Framework
Fig. 3 Various stages of research workflow
Fig. 4 Information Procurement
Fig. 5 Primary Research Pattern
Fig. 6 Primary research process
Fig. 7 Natural Extracts Market Outlook
Fig. 8 Natural Extracts Market Revenue, 2017 - 2028 (USD Thousand)
Fig. 9 Natural Extracts Market Volume, 2017 - 2028 (Tons)
Fig. 10 Natural Extracts Value Chain Analysis
Fig. 11 Average Price Trend Analysis, 2017 - 2028 (USD/Kg)
Fig. 12 Essential oils profitability analysis
Fig. 13 Top ten oleoresin importers, 2019 (Volume Share, %) (HS Code: 330190)
Fig. 14 Top ten oleoresin exporters, 2019 (Volume Share, %) (HS Code: 330190)
Fig. 15 Natural Extracts Market Dynamics
Fig. 16 Growth of Cosmetics and Natural Cosmetics Market in Europe, (2016 - 2019) (USD Billion)
Fig. 17 Global food flavors market size estimates and forecast, 2013 - 2020 (USD Million)
Fig. 18 Macroeconomic Analysis
Fig. 19 Macroeconomic Analysis - PESTEL
Fig. 20 Product Movement Analysis & Market Value Share, 2020 & 2028 (%)
Fig. 21 Application Movement Analysis & Market Value Share, 2020 & 2028 (%)
Fig. 22 Regional Movement Analysis & Market Value Share, 2020 & 2028 (%)

Companies Mentioned

  • Symrise
  • PT. Indesso Aroma
  • Kancor
  • Synthite Industries Ltd.
  • VedaOils.com
  • Vidya Herbs
  • Plant Lipids
  • Ransom Naturals Ltd.
  • India Essential Oils
  • A.G. Industries
  • Flavex Naturextrakte GmbH
  • Arjuna Natural Pvt. Ltd.
  • Firmenich SA
  • Robertet Group
  • Sami Spices
  • Falcon
  • Blue Sky Botanics
  • dōTERRA
  • Naturex
  • OmniActive Health Technologies

Methodology

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Table Information