The botanical extracts market size has grown strongly in recent years. It will grow from $7.07 billion in 2024 to $7.72 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to traditional remedies, cultural and traditional use, exploration and trade routes, favorable government regulations.
The botanical extracts market size is expected to see rapid growth in the next few years. It will grow to $11.63 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to rising health awareness, growing demand for functional foods and beverages, growing demand for plant-based products, growing popularity of herbal supplements, rising disposable income. Major trends in the forecast period include research and development, innovative products, mergers and acquisitions, government initiatives.
The growing demand for convenience food products is expected to drive the botanical extracts market in the coming years. Convenience food refers to tertiary processed foods that are ready to eat. Plant extracts are often used to enhance the color and flavor of high-fat and ready-to-eat foods, such as meats. Botanical extracts, which are concentrated plant materials with medicinal properties, are utilized in the food industry to provide health benefits. For instance, in 2022, the Economic Research Service of the U.S. Department of Agriculture reported that U.S. consumers spent an average of 11.3% of their total food expenditures on food away from home. This trend highlights the increasing demand for convenience food products, further propelling the growth of the botanical extracts market.
The rising use of cosmetics is expected to drive growth in the botanical extracts market. Cosmetics encompass a wide range of products applied to the body, face, hair, or nails to enhance or alter appearance. Many cosmetics incorporate botanical extracts for their natural and beneficial properties, aligning with consumer preferences for sustainable, plant-derived ingredients while offering skincare and beauty products that provide nourishing, antioxidant, and rejuvenating benefits. For instance, in September 2024, McKinsey & Company reported that retail sales in the global beauty market reached $446 billion in 2023, representing a 10% growth compared to 2022. Thus, the increasing demand for cosmetics is fueling the growth of the botanical extracts market.
A prominent trend gaining traction within the botanical extracts market is product innovation, notably focused on enhancing bioavailability. Key industry players are actively developing extracts with increased bioavailability to meet evolving consumer demands. An illustrative example occurred in September 2022 when Layn Natural Ingredients, a China-based manufacturer specializing in innovative natural botanical extract ingredients, introduced bio+Quercitrin, an advanced form of Quercetin tailored for nutraceutical applications. This distinctive formulation stands out as a potent antioxidant flavonoid adept at scavenging free radicals and reducing oxidative stress. Notably, bio+Quercitrin differentiates itself by incorporating a ribose molecule, rendering it six times more absorbable and permeable in the small intestine compared to conventional Quercetin. Beyond merely substituting regular Quercetin, Layn's bio+Quercitrin offers stability, solubility, and heightened bioavailability, serving effectively as a standalone supplement or as part of formulations catering to both human and pet health needs.
Leading entities in the botanical extracts market are embracing a strategic partnership model to cater to the escalating need for sustainable and natural ingredients in the personal care domain. Strategic partnerships represent collaborative agreements or alliances between multiple entities - such as companies, organizations, or governments - with the overarching goal of achieving mutually advantageous objectives. An exemplar of this strategy unfolded in July 2023 when Nordmann, a prominent chemical manufacturing company based in Germany, entered into a partnership with Plantapharm GmbH, a personal care company based in Austria. This collaborative endeavor aims to furnish the personal care industry, encompassing sectors such as hair care and toiletries, with premium-grade plant extracts, emphasizing high-quality offerings in the market.
In April 2022, Kerry Group PLC, an esteemed Ireland-based food company, completed the acquisition of Natreon Inc., marking a significant move within its strategic expansion endeavors. This acquisition, valued at an undisclosed amount, serves as a pivotal step in Kerry's objective to broaden its ProActive Health portfolio, which encompasses scientifically validated and branded ingredients, while concurrently fostering technological advancement. Natreon Inc., a US-based enterprise specializing in botanical extract ingredients, has been incorporated into Kerry's portfolio, amplifying the company's capabilities in this specialized domain.
Major companies operating in the botanical extracts market include 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 2024. The regions covered in the botanical extracts market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Botanical extracts are concentrated plant materials that possess therapeutic properties. They are produced by extracting raw botanical materials - often consisting of one or more plant components - using a solvent. These extracts are commonly used as ingredients in dietary supplements.
Primary technologies utilized for botanical extract production encompass CO2 extraction, solvent extraction, steam distillation, enfleurage, and additional methods. CO2 extraction, recognized as supercritical CO2 extraction, represents a contemporary approach particularly adept at crafting lipophilic plant extracts. Derived from diverse sources such as spices, herbs, flowers, and leaves, these extracts manifest in liquid, powder, or semi-solid forms. Widely applicable across multiple sectors, they serve diverse purposes spanning food and beverages, pharmaceuticals, nutraceuticals, and cosmetics.
The botanical extracts market research report is one of a series of new reports that provides botanical extracts market statistics, including global market size, regional shares, competitors with a botanical extracts market share, detailed botanical extracts market segments, market trends and opportunities, and any further data you may need to thrive in the botanical extracts industry. This botanical extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
The botanical extracts market size is expected to see rapid growth in the next few years. It will grow to $11.63 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to rising health awareness, growing demand for functional foods and beverages, growing demand for plant-based products, growing popularity of herbal supplements, rising disposable income. Major trends in the forecast period include research and development, innovative products, mergers and acquisitions, government initiatives.
The growing demand for convenience food products is expected to drive the botanical extracts market in the coming years. Convenience food refers to tertiary processed foods that are ready to eat. Plant extracts are often used to enhance the color and flavor of high-fat and ready-to-eat foods, such as meats. Botanical extracts, which are concentrated plant materials with medicinal properties, are utilized in the food industry to provide health benefits. For instance, in 2022, the Economic Research Service of the U.S. Department of Agriculture reported that U.S. consumers spent an average of 11.3% of their total food expenditures on food away from home. This trend highlights the increasing demand for convenience food products, further propelling the growth of the botanical extracts market.
The rising use of cosmetics is expected to drive growth in the botanical extracts market. Cosmetics encompass a wide range of products applied to the body, face, hair, or nails to enhance or alter appearance. Many cosmetics incorporate botanical extracts for their natural and beneficial properties, aligning with consumer preferences for sustainable, plant-derived ingredients while offering skincare and beauty products that provide nourishing, antioxidant, and rejuvenating benefits. For instance, in September 2024, McKinsey & Company reported that retail sales in the global beauty market reached $446 billion in 2023, representing a 10% growth compared to 2022. Thus, the increasing demand for cosmetics is fueling the growth of the botanical extracts market.
A prominent trend gaining traction within the botanical extracts market is product innovation, notably focused on enhancing bioavailability. Key industry players are actively developing extracts with increased bioavailability to meet evolving consumer demands. An illustrative example occurred in September 2022 when Layn Natural Ingredients, a China-based manufacturer specializing in innovative natural botanical extract ingredients, introduced bio+Quercitrin, an advanced form of Quercetin tailored for nutraceutical applications. This distinctive formulation stands out as a potent antioxidant flavonoid adept at scavenging free radicals and reducing oxidative stress. Notably, bio+Quercitrin differentiates itself by incorporating a ribose molecule, rendering it six times more absorbable and permeable in the small intestine compared to conventional Quercetin. Beyond merely substituting regular Quercetin, Layn's bio+Quercitrin offers stability, solubility, and heightened bioavailability, serving effectively as a standalone supplement or as part of formulations catering to both human and pet health needs.
Leading entities in the botanical extracts market are embracing a strategic partnership model to cater to the escalating need for sustainable and natural ingredients in the personal care domain. Strategic partnerships represent collaborative agreements or alliances between multiple entities - such as companies, organizations, or governments - with the overarching goal of achieving mutually advantageous objectives. An exemplar of this strategy unfolded in July 2023 when Nordmann, a prominent chemical manufacturing company based in Germany, entered into a partnership with Plantapharm GmbH, a personal care company based in Austria. This collaborative endeavor aims to furnish the personal care industry, encompassing sectors such as hair care and toiletries, with premium-grade plant extracts, emphasizing high-quality offerings in the market.
In April 2022, Kerry Group PLC, an esteemed Ireland-based food company, completed the acquisition of Natreon Inc., marking a significant move within its strategic expansion endeavors. This acquisition, valued at an undisclosed amount, serves as a pivotal step in Kerry's objective to broaden its ProActive Health portfolio, which encompasses scientifically validated and branded ingredients, while concurrently fostering technological advancement. Natreon Inc., a US-based enterprise specializing in botanical extract ingredients, has been incorporated into Kerry's portfolio, amplifying the company's capabilities in this specialized domain.
Major companies operating in the botanical extracts market include 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 2024. The regions covered in the botanical extracts market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Botanical extracts are concentrated plant materials that possess therapeutic properties. They are produced by extracting raw botanical materials - often consisting of one or more plant components - using a solvent. These extracts are commonly used as ingredients in dietary supplements.
Primary technologies utilized for botanical extract production encompass CO2 extraction, solvent extraction, steam distillation, enfleurage, and additional methods. CO2 extraction, recognized as supercritical CO2 extraction, represents a contemporary approach particularly adept at crafting lipophilic plant extracts. Derived from diverse sources such as spices, herbs, flowers, and leaves, these extracts manifest in liquid, powder, or semi-solid forms. Widely applicable across multiple sectors, they serve diverse purposes spanning food and beverages, pharmaceuticals, nutraceuticals, and cosmetics.
The botanical extracts market research report is one of a series of new reports that provides botanical extracts market statistics, including global market size, regional shares, competitors with a botanical extracts market share, detailed botanical extracts market segments, market trends and opportunities, and any further data you may need to thrive in the botanical extracts industry. This botanical extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Botanical Extracts Market Characteristics3. Botanical Extracts Market Trends and Strategies4. Botanical Extracts Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Botanical Extracts Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Botanical Extracts Market34. Recent Developments in the Botanical Extracts Market
5. Global Botanical Extracts Growth Analysis and Strategic Analysis Framework
6. Botanical Extracts Market Segmentation
7. Botanical Extracts Market Regional and Country Analysis
8. Asia-Pacific Botanical Extracts Market
9. China Botanical Extracts Market
10. India Botanical Extracts Market
11. Japan Botanical Extracts Market
12. Australia Botanical Extracts Market
13. Indonesia Botanical Extracts Market
14. South Korea Botanical Extracts Market
15. Western Europe Botanical Extracts Market
16. UK Botanical Extracts Market
17. Germany Botanical Extracts Market
18. France Botanical Extracts Market
19. Italy Botanical Extracts Market
20. Spain Botanical Extracts Market
21. Eastern Europe Botanical Extracts Market
22. Russia Botanical Extracts Market
23. North America Botanical Extracts Market
24. USA Botanical Extracts Market
25. Canada Botanical Extracts Market
26. South America Botanical Extracts Market
27. Brazil Botanical Extracts Market
28. Middle East Botanical Extracts Market
29. Africa Botanical Extracts Market
30. Botanical Extracts Market Competitive Landscape and Company Profiles
31. Botanical Extracts Market Other Major and Innovative Companies
35. Botanical Extracts Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Botanical Extracts Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on botanical extracts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for botanical extracts? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The botanical extracts market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Technology: CO2 Extraction; Solvent Extraction; Steam Distillation; Enfleurage; Other Technologies2) By Source: Spices; Herbs; Flowers; Leaves; Other Sources
3) By Form: Liquid; Powder; Semi-Solid
4) By Application: Food and Beverages; Pharmaceutical and Nutraceutical; Cosmetics
Subsegments:
1) By CO2 Extraction: Supercritical CO2 Extraction; Subcritical CO2 Extraction2) By Solvent Extraction: Ethanol Extraction; Hexane Extraction; Other Solvent-Based Methods
3) By Steam Distillation: Traditional Steam Distillation; Water Distillation
4) By Enfleurage: Cold Enfleurage; Hot Enfleurage
5) By Other Technologies: Microwave-Assisted Extraction; Ultrasound-Assisted Extraction; Cold Press Extraction
Key Companies Mentioned: International Flavors & Fragrances Inc.; Himalaya Herbal Healthcare; Blue Sky Botanics Ltd.; Naturex; Synthite Industries Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 7.72 Billion |
| Forecasted Market Value ( USD | $ 11.63 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
