Global Botanical Extracts Market Size By Application (Food & Beverages, Pharmaceutical, Cosmetic & Personal Care), By Competitive Landscape, By Geographic Scope And Forecast

Botanical Extracts Market Size And Forecast

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Botanical Extracts Market size was valued at USD 6.37 Billion in 2024 and is projected to reach USD 10.56 Billion by 2031, growing at a CAGR of 7.20% from 2024 to 2031.

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The rising demand for botanical extracts in the pharmaceutical and cosmetic sectors is one of the major factors contributing to the growth of the market. The Global Botanical Extracts Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Botanical Extracts Market Definition

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Botanical extracts are defined as plant-based products that are used for their medicinal or therapeutic properties, flavor, and/or scent. Botanical materials used include whole, fragmented or cut plants, plant parts, plant products (such as exudates) algae, fungi, and lichens. All preparations are obtained from botanicals by various processes such as pressing, squeezing, extraction, fractionation, distillation, concentration, drying up, and fermentation.

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These products are also known by a few other names that include herbal medicines, dietary herbal supplements, phytomedicines, and phyotherapeutic agents. In contrast to pharmaceuticals, botanicals are not highly purified or chemically modified medicines and also, and they do not involve the identification of active constituents and biological activity characterization.

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Global Botanical Extracts Market Overview

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The rising demand for botanical extracts in the pharmaceutical and cosmetic sectors is one of the major factors contributing to the growth of the market. These extracts isolated from plants are used for many cosmetic applications such as derma protection & regeneration, soothing & anti-inflammation, moisturizing, brightening & lightening, hair care, aging, and many others. In the pharmaceutical industry, these extracts are used in different therapies for the purpose of curing, treating, or preventing diseases.

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With the prevalence of chronic and lifestyle diseases, emerging medical conditions require a more novel approach that cures the disease and reduces the occurrence of side effects. Botanical drugs can be used as an alternative to allopathic medicines. These drugs are composed of natural substances that have constituents with health-enhancing or medicinal activities. Therefore, the rising awareness regarding the side effects of allopathy medicines is another driving factor for the market. However, the availability of artificial flavors as a substitute in the market might hinder overall growth.

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Global Botanical Extracts Market: Segmentation Analysis

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The Global Botanical Extracts Market is segmented on the basis of Application, Source and Geography.

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Botanical Extracts Market, By Application

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• Food & Beverages

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• Pharmaceutical

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• Cosmetic & Personal Care

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• Others

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Based on Application, The market is segmented into Food & Beverages, Pharmaceutical, Cosmetic & Personal Care, and Others. The market for pharmaceuticals accounted for the largest market share and is expected to grow at the highest CAGR followed by cosmetics over the forecast period. In the pharmaceutical sector, botanical drugs made from natural substances having constituents with health-enhancing and medicinal activities are used.

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These extracts are used in different therapies for the purpose of curing, treatment, or prevention diseases. Botanical therapeutics are available in the form of dietary supplements, drugs, or botanical drugs and can eventually hold the status of currently registered pharmaceuticals through regulatory offices such as the FDA if they surpass clinical trials and demonstrate efficacy and safety.

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By Source

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Organic: Due to customer preferences for sustainable and natural products, there is an increasing need for organic botanical extracts.
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Conventional: Although the industry is shifting towards organic choices, conventionally farmed botanicals are still a major source for extract extraction.

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Botanical Extracts Market, By Geography

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• North America

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• Europe

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• Asia Pacific

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• Rest of the world

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On the basis of Geography, the Global Botanical Extracts Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific accounted for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period. Growing demands from emerging markets are one of the major factors boosting the growth in this region.

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Key Players

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The “Global Botanical Extracts Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Frutarom, Ransom Natural Ltd, PT, INDESSO AROMA, Blue Sky Botanics Ltd., Haldin, Dohler.

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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Key Developments

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• International Flavors & Fragrances Inc. announced the acquisition of The Mighty CO. LTD. (“Mighty”), in Thailand, thus continuing its growth strategy in Southeast Asia.

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• FutureCeuticals, Inc. introduced S7, the newest addition to its sports nutrition line of branded ingredients.

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• INDESSO AROMA made a strategic decision to accommodate this growth by expanding its extract production facility along with the initiation of constructing an R&D Center.

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Report Scope

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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