Botanical Extracts Market

Botanical Extracts Market



Growth Factors of Botanical Extracts Market

The Botanical Extracts market size was valued at USD 5.85 billion in 2023, and the market is now projected to grow from USD 6.34 billion in 2024 to USD 13.27 billion by 2032, exhibiting a CAGR of 9.67% during the forecast period of 2024-2032.

The product request was marginally affected in 2020 after the COVID-19 episode. Usually due to the slowdown of the beauty care products industry within the region that utilizes botanical extricates as a fixing. The deals of beauty care products, such as face creams, lotions, and other skincare items, declined amid the conclusion of the primary quarter of 2020 due to move in buyer behavior toward excellence items as non-essential items amid the widespread. In any case, developing request for botanical-based dietary supplements, especially immunity-boosting home-grown supplements and solid development of bundled nourishment items in the midst of widespread is likely to favor the botanical extracts market growth.

The request for clean-label nourishments and refreshments with basic, clean, and natural ingredients has surged in later a long time as shoppers have ended up more cognizant approximately what they are expending. Clean name may be a slant quickening advancement overall consumer-packaged goods (C.P.G.) categories. The development in clean-label item dispatches surged customer request for clean-label food items to impel the utilization of clean-label fixings and wellbeing issues related to engineered nourishment added substances and food security episodes.

The worldwide demand for comfort food items such as pastry shop & confectionery, sauces & dressings, prepared dinners, ready-to-drink (RTD) refreshments, and sports & vitality refreshments has been quickly increasing at pace for the past a few years. This development can be primarily ascribed to changing way of life of shoppers, expanding populace of working women, presentation of nourishment items in appealing bundling by nourishment handling companies, expanded infiltration of brick & mortar and online retail systems, and rise in expendable incomes, particularly in developing nations such as India, China, Brazil, and others.

Comprehensive Analysis Of Botanical Extracts Market

By the investigation of source, the leaves are anticipated to hold a considerable market share over the figure period. Leaves are any smoothed green outgrowth from the stem of a vascular plant. By the examination of technology, CO2 extracts, commonly known as supercritical CO2 extricates, are exceedingly immaculate plant extricates created from a tolerably tall and modern productive extraction prepare. Botanical extricates are progressively being incorporated into different food & refreshment applications such as pastry shop, dairy, vitality drinks, and confectionery items owing to their special flavor and various diversified wellbeing benefits.

The European region botanical extracts market share is expected to advance at a development rate of 8.3% and vauation of USD 1.94 billion over the estimate period. This can be due to the expanding item request in refreshments and the rising request for ready-to-drink (RTD) refreshments among the populace within the locale. The development of the refreshment division is driven by rising request for RTD refreshments as consumers' inclination has been moving from carbonated drinks to those that contain solid, plant-based vegan ingredients such as tea, kombucha, and matcha.

This market is solidified, owing to the nearness of a constrained number of built up and territorial players. Key companies, such as Worldwide Flavors & Scents Inc., Kalsec Inc., Dohler GmbH., and Nexira, are the noticeable players in this market. These key players are centering on the increment of their generation capacity to meet the worldwide demand. Major players within the advertise include International Flavors & Fragrances Inc. (U.S.), Kalsec Inc. (U.S.), Nexira (U.S.), and Synergy Flavors (U.S.).

Within the month of March 2024, the company by name Native Extracts, one of the driving Australian Phyto-tech company, collaborated with Heyi Commercial Bunch (Heyi), a technology-based exchanging company. The association would stamp a critical extension of characteristic fixings, such as botanical extricates, in China.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 9.67% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Source

- Spices

- Herbs

- Flowers

- Leaves

- Others

By Technology

- CO2 Extraction

- Solvent Extraction

- Steam Distillation

- Enfleurage

- Others

By Application

- Food & Beverages

- Pharmaceutical and Nutraceutical

- Cosmetics

By Geography

- North America (By Source, Technology, Application, and Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
- Europe (By Source, Technology, Application, and Country)
  • Germany (By Application)
  • U.K. (By Application)
  • Russia (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
- Asia Pacific (By Source, Technology, Application, and Country)
  • China (By Application)
  • India (By Application)
  • Australia (By Application)
  • Japan (By Application)
  • Rest of Asia Pacific (By Application)
- South America (By Source, Technology, Application, and Country)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America (By Application)
- Middle East and Africa (By Source, Technology, Application, and Country)
  • South Africa (By Application)
  • U.A.E. (By Application)
  • Rest of M.E.A. (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis Related to COVID-19
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges amidst Pandemic
4.5.3. Potential Opportunities due to this Global Crisis
5. Global Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Source
5.2.1.1. Spices
5.2.1.2. Herbs
5.2.1.3. Flowers
5.2.1.4. Leaves
5.2.1.5. Others
5.2.2. By Technology
5.2.2.1. CO2 Extraction
5.2.2.2. Solvent Extraction
5.2.2.3. Steam Distillation
5.2.2.4. Enfleurage
5.2.2.5. Others
5.2.3. By Application
5.2.3.1. Food and Beverages
5.2.3.2. Pharmaceutical and Nutraceuticals
5.2.3.3. Cosmetics
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Source
6.2.1.1. Spices
6.2.1.2. Herbs
6.2.1.3. Flowers
6.2.1.4. Leaves
6.2.1.5. Others
6.2.2. By Technology
6.2.2.1. CO2 Extraction
6.2.2.2. Solvent Extraction
6.2.2.3. Steam Distillation
6.2.2.4. Enfleurage
6.2.2.5. Others
6.2.3. By Application
6.2.3.1. Food and Beverages
6.2.3.2. Pharmaceutical and Nutraceuticals
6.2.3.3. Cosmetics
6.2.4. By Country (Value)
6.2.4.1. U.S.
6.2.4.1.1. By Application
6.2.4.1.1.1. Food and Beverages
6.2.4.1.1.2. Pharmaceutical and Nutraceuticals
6.2.4.1.1.3. Cosmetics
6.2.4.2. Canada
6.2.4.2.1. By Application
6.2.4.2.1.1. Food and Beverages
6.2.4.2.1.2. Pharmaceutical and Nutraceuticals
6.2.4.2.1.3. Cosmetics
6.2.4.3. Mexico
6.2.4.3.1. By Application
6.2.4.3.1.1. Food and Beverages
6.2.4.3.1.2. Pharmaceutical and Nutraceuticals
6.2.4.3.1.3. Cosmetics
7. Europe Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Source
7.2.1.1. Spices
7.2.1.2. Herbs
7.2.1.3. Flowers
7.2.1.4. Leaves
7.2.1.5. Others
7.2.2. By Technology
7.2.2.1. CO2 Extraction
7.2.2.2. Solvent Extraction
7.2.2.3. Steam Distillation
7.2.2.4. Enfleurage
7.2.2.5. Others
7.2.3. By Application
7.2.3.1. Food and Beverages
7.2.3.2. Pharmaceutical and Nutraceuticals
7.2.3.3. Cosmetics
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.1.1. By Application
7.2.4.1.1.1. Food and Beverages
7.2.4.1.1.2. Pharmaceutical and Nutraceuticals
7.2.4.1.1.3. Cosmetics
7.2.4.2. France
7.2.4.2.1. By Application
7.2.4.2.1.1. Food and Beverages
7.2.4.2.1.2. Pharmaceutical and Nutraceuticals
7.2.4.2.1.3. Cosmetics
7.2.4.3. Italy
7.2.4.3.1. By Application
7.2.4.3.1.1. Food and Beverages
7.2.4.3.1.2. Pharmaceutical and Nutraceuticals
7.2.4.3.1.3. Cosmetics
7.2.4.4. U.K.
7.2.4.4.1. By Application
7.2.4.4.1.1. Food and Beverages
7.2.4.4.1.2. Pharmaceutical and Nutraceuticals
7.2.4.4.1.3. Cosmetics
7.2.4.5. Spain
7.2.4.5.1. By Application
7.2.4.5.1.1. Food and Beverages
7.2.4.5.1.2. Pharmaceutical and Nutraceuticals
7.2.4.5.1.3. Cosmetics
7.2.4.6. Rest of Europe
7.2.4.6.1. By Application
7.2.4.6.1.1. Food and Beverages
7.2.4.6.1.2. Pharmaceutical and Nutraceuticals
7.2.4.6.1.3. Cosmetics
8. Asia Pacific Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Source
8.2.1.1. Spices
8.2.1.2. Herbs
8.2.1.3. Flowers
8.2.1.4. Leaves
8.2.1.5. Others
8.2.2. By Technology
8.2.2.1. CO2 Extraction
8.2.2.2. Solvent Extraction
8.2.2.3. Steam Distillation
8.2.2.4. Enfleurage
8.2.2.5. Others
8.2.3. By Application
8.2.3.1. Food and Beverages
8.2.3.2. Pharmaceutical and Nutraceuticals
8.2.3.3. Cosmetics
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Application
8.2.4.1.1.1. Food and Beverages
8.2.4.1.1.2. Pharmaceutical and Nutraceuticals
8.2.4.1.1.3. Cosmetics
8.2.4.2. India
8.2.4.2.1. By Application
8.2.4.2.1.1. Food and Beverages
8.2.4.2.1.2. Pharmaceutical and Nutraceuticals
8.2.4.2.1.3. Cosmetics
8.2.4.3. Japan
8.2.4.3.1. By Application
8.2.4.3.1.1. Food and Beverages
8.2.4.3.1.2. Pharmaceutical and Nutraceuticals
8.2.4.3.1.3. Cosmetics
8.2.4.4. Australia
8.2.4.4.1. By Application
8.2.4.4.1.1. Food and Beverages
8.2.4.4.1.2. Pharmaceutical and Nutraceuticals
8.2.4.4.1.3. Cosmetics
8.2.4.5. Rest of Asia Pacific
8.2.4.5.1. By Application
8.2.4.5.1.1. Food and Beverages
8.2.4.5.1.2. Pharmaceutical and Nutraceuticals
8.2.4.5.1.3. Cosmetics
9. South America Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Source
9.2.1.1. Spices
9.2.1.2. Herbs
9.2.1.3. Flowers
9.2.1.4. Leaves
9.2.1.5. Others
9.2.2. By Technology
9.2.2.1. CO2 Extraction
9.2.2.2. Solvent Extraction
9.2.2.3. Steam Distillation
9.2.2.4. Enfleurage
9.2.2.5. Others
9.2.3. By Application
9.2.3.1. Food and Beverages
9.2.3.2. Pharmaceutical and Nutraceuticals
9.2.3.3. Cosmetics
9.2.4. By Country (Value)
9.2.4.1. Brazil
9.2.4.1.1. By Application
9.2.4.1.1.1. Food and Beverages
9.2.4.1.1.2. Pharmaceutical and Nutraceuticals
9.2.4.1.1.3. Cosmetics
9.2.4.2. Argentina
9.2.4.2.1. By Application
9.2.4.2.1.1. Food and Beverages
9.2.4.2.1.2. Pharmaceutical and Nutraceuticals
9.2.4.2.1.3. Cosmetics
9.2.4.3. Rest of South America
9.2.4.3.1. By Application
9.2.4.3.1.1. Food and Beverages
9.2.4.3.1.2. Pharmaceutical and Nutraceuticals
9.2.4.3.1.3. Cosmetics
10. Middle East & Africa Botanical Extracts Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Source
10.2.1.1. Spices
10.2.1.2. Herbs
10.2.1.3. Flowers
10.2.1.4. Leaves
10.2.1.5. Others
10.2.2. By Technology
10.2.2.1. CO2 Extraction
10.2.2.2. Solvent Extraction
10.2.2.3. Steam Distillation
10.2.2.4. Enfleurage
10.2.2.5. Others
10.2.3. By Application
10.2.3.1. Food and Beverages
10.2.3.2. Pharmaceutical and Nutraceuticals
10.2.3.3. Cosmetics
10.2.4. By Country (Value)
10.2.4.1. South Africa
10.2.4.1.1. By Application
10.2.4.1.1.1. Food and Beverages
10.2.4.1.1.2. Pharmaceutical and Nutraceuticals
10.2.4.1.1.3. Cosmetics
10.2.4.2. UAE
10.2.4.2.1. By Application
10.2.4.2.1.1. Food and Beverages
10.2.4.2.1.2. Pharmaceutical and Nutraceuticals
10.2.4.2.1.3. Cosmetics
10.2.4.3. Rest of Middle East & Africa
10.2.4.3.1. By Application
10.2.4.3.1.1. Food and Beverages
10.2.4.3.1.2. Pharmaceutical and Nutraceuticals
10.2.4.3.1.3. Cosmetics
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Botanical Extracts Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. International Flavors & Fragrances Inc.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Kalsec Inc
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Döhler GmbH
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Nexira
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Haldin Natural
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Synthite Industries
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. MB-Holding GmbH & Co. KG
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Synergy Flavors
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Blue Sky Botanics
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Fytosan
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments

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