Botanical Extracts Market Report 2026

The botanical extracts market size has grown rapidly in recent years. It will grow from $7.67 billion in 2025 to $8.48 billion in 2026 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growing consumer preference for natural supplements, rising traditional herbal usage, expansion of nutraceutical applications, increasing demand from food and beverage sectors, early adoption of botanical ingredients in healthcare.

The botanical extracts market size is expected to see rapid growth in the next few years. It will grow to $12.7 billion in 2030 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to rising awareness of preventive health nutrition, growing innovation in botanical extraction technologies, increasing expansion of nutraceutical and wellness industries, stronger regulatory support for natural formulations, expanding integration into pharmaceuticals and cosmetics. Major trends in the forecast period include increasing demand for natural health ingredients, rising usage of plant based nutritional compounds, growing expansion of herbal supplement formulations, strengthening preference for clean label botanical products, increasing development of functional botanical based solutions.

The increasing demand for convenience food products is expected to drive the growth of the botanical extracts market going forward. Convenience food refers to highly processed food that is ready to eat. Plant extracts are used to improve the color and flavor of high-fat and ready-to-eat foods, such as meat products. Botanical extracts are derived from plants and contain concentrated beneficial properties that are used in the food industry to provide health benefits. As a result, rising demand for convenience foods is anticipated to support the expansion of the botanical extracts market. For instance, in April 2024, according to the National Association of Convenience Stores, a US-based trade association, in 2023, foodservice sales, including prepared foods, commissary items, and dispensed beverages, accounted for 26.9% of in-store sales, up from 25.6% in 2022. Additionally, sales of prepared foods per store per month increased by 12.2% in 2023 compared to 2022. Therefore, the growing demand for convenience food products is driving the botanical extracts market.

Major companies operating in the botanical extracts market are adopting a strategic partnership approach to meet the growing demand for sustainable and natural ingredients in the personal care sector. A strategic partnership is a collaborative agreement or alliance between two or more entities, such as companies, organizations, or governments, with the aim of achieving mutually beneficial objectives. For instance, in July 2023, Nordmann, a Germany-based chemical manufacturing company, partnered with Plantapharm GmbH, an Austria-based personal care company. With this partnership, these companies aim to provide high-quality plant extracts for the personal care industry, including hair care and toiletries.

In November 2023, Martin Bauer Group GmbH, a Germany-based provider of teas, botanical extracts for food and beverages, botanical raw materials and powders, and products for animal nutrition, acquired Husarich GmbH for an undisclosed amount. Through this acquisition, Martin Bauer aims to strengthen its position in the food industry by integrating product expertise, supply chain capabilities, and advanced technologies. Husarich GmbH is a Germany-based company that supplies processed spices and herbs, including pepper, coriander, basil, and customized blends, serving multiple segments of the food industry.

Major companies operating in the botanical extracts market report are International Flavors & Fragrances Inc., Himalaya Herbal Healthcare, Blue Sky Botanics Ltd., Naturex, Synthite Industries Ltd., Nexira, Layn Natural Ingredients Corp., Indesso, Dohler GmbH, Hunan Nutramax Inc., Haldin Natural, Nutra Green Biotechnology Co. Ltd., Kalsec Inc., Arjuna Natural Pvt. Ltd., Shaanxi Jiahe Phytochem Co. Ltd., Tianjin Jianfeng Natural Products Co. Ltd., Bio-Botanica Inc., Nature's Power Nutraceuticals Corp., Synergy Flavors, Martin Bauer Group, Lipoid-Kosmetik, Phytochem India, Plant Extracts International Inc., Kuber Impex Ltd., Ransom Naturals Ltd., MB-Holding GmbH & Co KG, Frutarom Industries Ltd., Biomax Life Sciences Ltd., Organic Herb Inc., Xi'an Sgonek Biological Technology Co. Ltd.

North America was the largest region in the botanical extracts market share in 2025. The regions covered in the botanical extracts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the botanical extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The botanical extracts market consists of sales of botanical extracts products that contain potent bioactive compounds (phytochemicals) derived from petals, stems, roots, and bark. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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