Herbal Extract Market Size, Share & Trends Analysis Report By Type (Cherry, Aloe, Cranberry, Garlic, Turmeric, Ginseng), By Application (Personal Care & Cosmetics, Food & Beverages, Animal Feed), By Region, And Segment Forecasts, 2024 - 2030

Herbal Extract Market Size, Share & Trends Analysis Report By Type (Cherry, Aloe, Cranberry, Garlic, Turmeric, Ginseng), By Application (Personal Care & Cosmetics, Food & Beverages, Animal Feed), By Region, And Segment Forecasts, 2024 - 2030


Herbal Extract Market Growth & Trends

The global herbal extract market size is expected to reach USD 53.43 billion by 2030, expanding at a CAGR of 8.2% from 2024 to 2030, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the increased demand for preservative-free, and color-free foods & beverages. The increasing awareness about the skin-friendly usage of herbs has boosted the further demand of the market.

The global personal care & cosmetics industry offers a broad range of bio-based/plant-based products to consumers owing to a surge in demand for such products, especially in developed economies such as the U.S. and the UK. This also presents lucrative growth opportunities for the companies engaged in organic cultivation and extraction of herbs in emerging economies such as China and India for exporting their products to North America and Europe.

Personal care & cosmetics, food & beverages, and nutraceuticals industries prefer natural, eco-friendly, and organic ingredients. This, in turn, fuels the demand for herbal extracts, thereby driving the growth of the market for them over the forecast period.

Moreover, factors such as increasing adoption of anti-aging products, men’s grooming products, online and at-home beauty and personal care services, and holistic bridal services, as well as the presence of an expanded repertoire of products, boutiques, and retail stores with increased shelf space, have positively influenced the demand for herbal extracts.

With the implementation of the plan “Healthy China 2030” China is projected to be a well-established health country with lucrative growth in the next five years. The huge demand for fragrances coupled with the presence of a large consumer base for the skincare market is expected to propel the demand for natural fragrance ingredients in the country. Thus, in turn, propelling the demand for the product market.

Herbal Extract Market Report Highlights
  • The global market is estimated to advance with a compounded annual growth rate (CAGR) of 8.2% from 2024 to 2030. This is attributed to the growing adoption of herbal extracts in cosmetics, pharmaceuticals, and food & beverage industries
  • Cherry in the product segment dominated the market with a revenue share of over 10.9% in 2023. This growth is attributed to its therapeutic properties. The cherry extract helps in preventing cancer, fight against inflammation, and promote sound sleep
  • Curcumin is another segment witnessing the fastest growth over the forecast period. This is attributed to its excellent anti-inflammatory and antioxidant properties. Curcumin is obtained from turmeric and its antioxidant and anti-inflammatory characteristics make it popular in the pharmaceuticals, cosmetics, and food industries
  • Personal care & cosmetics in the application segment dominated the market with a revenue share of over 30.8% in 2023. This growth is due to the fact that major brands such as J?SÖN, Melvita, Annemarie Borlind, and Avalon Organics are continuously making efforts to increase consumer awareness by organizing educational and promotional campaigns focused on communicating the benefits of using organic personal care & cosmetics products
  • Animal feed is another segment witnessing growth over the forecast period. This growth is attributed to the fact that herbal extracts enable immunity improvement, ensure digestive health benefits, and provide the required nutrition to animals
  • Asia Pacific region dominated the global market with a revenue share of over 44.7% in 2023. This growth is due to the fact that countries such as China and India emerged as major exporters of some the extracts such as curcumin, ashwagandha, kale, and others
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Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources & THIRD-PARTY Perspectives
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Herbal Extracts Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Adhesives Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing/Technology Trends
3.2.2 Sales Channel Analysis
3.2.3 List of Potential End-Users
3.3 Price Trend Analysis, 2018 - 2030
3.3.1 Factors Affecting Prices
3.4 Regulatory Framework, By Regions
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.2 Market restraint analysis
3.5.3 Market Challenges Analysis
3.5.4 Market Opportunity Analysis
3.6 Business Environment Analysis
3.6.1 Porter’s Analysis
3.6.2 PESTEL Analysis
Chapter 4 Herbal Extracts Market: Supplier Portfolio Analysis
4.1 List of Key Raw Material Suppliers
4.2 Raw Material Trends
4.3 Portfolio Analysis/Kraljic Matrix
4.4 Engagement Model
4.5 Negotiation Strategies
4.6 Sourcing Best Practices
Chapter 5 Herbal Extracts Market: Product Estimates & Trend Analysis
5.1 Product movement analysis & market share, 2023 & 2030
5.1.1 Turmeric
5.1.1.1 Turmeric Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.2 Rosemary
5.1.2.1 Rosemary Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.3 Ginseng
5.1.3.1 Ginseng Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.4 Aloe
5.1.4.1 Aloe Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.5 Nutmeg
5.1.5.1 Nutmeg Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.6 Sage
5.1.6.1 Sage Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.7 Garlic
5.1.7.1 Garlic Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.8 Cranberry
5.1.8.1 Cranberry Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.9 Saw Palmetto
5.1.9.1 Saw Palmetto Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.10 Cumin
5.1.10.1 Cumin Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.11 Lecithin
5.1.11.1 Lecithin Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.12 Valerian
5.1.12.1 Valerian Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.13 Cherry
5.1.13.1 Cherry Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.14 Pygeum Africanum
5.1.14.1 Pygeum Africanum Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.15 Beet Root
5.1.15.1 Beet Root Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.16 Olive Leaf
5.1.16.1 Olive Leaf Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.17 Holy Basil
5.1.17.1 Holy Basil Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.18 Elder Berry
5.1.18.1 Elder Berry Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.19 Horehound
5.1.19.1 Horehound Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.20 Lycium
5.1.20.1 Lycium Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.21 Ginger
5.1.21.1 Ginger Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.22 Orange
5.1.22.1 Orange Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.23 Cinnamon
5.1.23.1 Cinnamon Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.24 Green Tea
5.1.24.1 Green Tea Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.25 Flax
5.1.25.1 Flax Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.26 Curcumin
5.1.26.1 Curcumin Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.27 Fenugreek Seed
5.1.27.1 Fenugreek Seed Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.28 Capsaicin
5.1.28.1 Capsaicin Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.29 Anise
5.1.29.1 Anise Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.30 Ashwagandha
5.1.30.1 Ashwagandha Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.31 Kale
5.1.31.1 Kale Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
5.1.32 Other Types
5.1.32.1 Other Types Market Estimates and Forecast, 2018 - 2030 (Tons) (USD Thousand)
Chapter 6 Herbal Extracts Market: Application Estimates & Trend Analysis
6.1 Application movement analysis & market share, 2023 & 2030
6.1.1 Personal Care & Cosmetics
6.1.1.1 Herbal Extracts Market Estimates and Forecast, in Personal Care & Cosmetics, 2018 - 2030 (Tons) (USD Thousand)
6.1.2 Food & Beverages
6.1.2.1 Herbal Extracts Market Estimates and Forecast, in Food & Beverages, 2018 - 2030 (Tons) (USD Thousand)
6.1.3 Animal Feed
6.1.3.1 Herbal Extracts Market Estimates and Forecast, in Animal Feed, 2018 - 2030 (Tons) (USD Thousand)
6.1.4 Pharmaceuticals
6.1.4.1 Herbal Extracts Market Estimates and Forecast, in Pharmaceuticals, 2018 - 2030 (Tons) (USD Thousand)
6.1.5 Nutraceuticals
6.1.5.1 Herbal Extracts Market Estimates and Forecast, in Nutraceuticals, 2018 - 2030 (Tons) (USD Thousand)
6.1.5 Others
6.1.5.1 Herbal Extracts Market Estimates and Forecast, in Others, 2018 - 2030 (Tons) (USD Thousand)
Chapter 7 Herbal Extracts Market: Regional Estimates & Trend Analysis
7.1 Herbal Extracts Market: Regional Outlook
7.2 North America
7.2.1 North America Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.2.2 North America Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.2.3 U.S.
7.2.3.1 Key Country Dynamics
7.2.3.2 U.S. Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.2.3.3 U.S. Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.2.4 Canada
7.2.4.1 Key Country Dynamics
7.2.4.2 Canada Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.2.4.3 Canada Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.2.5 Mexico
7.2.5.1 Key Country Dynamics
7.2.5.2 Mexico Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.2.5.3 Mexico Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.3 Europe
7.3.1 Europe Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.3.2 Europe Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.3.3 Germany
7.3.3.1 Key Country Dynamics
7.3.3.2 Germany Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.3.3.3 Germany Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.3.4 UK
7.3.4.1 Key Country Dynamics
7.3.4.2 UK Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.3.4.3 UK Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.3.5 France
7.3.5.1 Key Country Dynamics
7.3.5.2 France Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.3.5.3 France Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4 Asia Pacific
7.4.1 Asia Pacific Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.2 Asia Pacific Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4.3 China
7.4.3.1 Key Country Dynamics
7.4.3.2 China Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.4.3 China Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4.4 India
7.4.4.1 Key Country Dynamics
7.4.4.2 India Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.5.3 India Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4.5 Japan
7.4.5.1 Key Country Dynamics
7.4.5.2 Japan Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.5.3 Japan Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4.6 Malaysia
7.4.6.1 Key Country Dynamics
7.4.6.2 Malaysia Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.6.3 Malaysia Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.4.7 Vietnam
7.4.7.1 Key Country Dynamics
7.4.7.2 Vietnam Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.4.7.3 Vietnam Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.5 Central & South America
7.5.1 Central & South America Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.5.2 Central & South America Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.5.3 Brazil
7.5.3.1 Key Country Dynamics
7.5.3.2 Brazil Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.5.3.3 Brazil Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.5.4 Argentina
7.5.4.1 Key Country Dynamics
7.5.4.2 Argentina Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.5.4.3 Argentina Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.6.2 Middle East & Africa Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.6.3 Saudi Arabia
7.6.3.1 Key Country Dynamics
7.6.3.2 Saudi Arabia Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.6.3.3 Saudi Arabia Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
7.6.4 South Africa
7.6.4.1 Key Country Dynamics
7.6.4.2 Saudi Arabia Herbal Extracts Market Estimates and Forecasts, by Type, 2018 - 2030 (Tons) (USD Thousand)
7.6.4.3 Saudi Arabia Herbal Extracts Market Estimates and Forecasts, by Application, 2018 - 2030 (Tons) (USD Thousand)
Chapter 8 Competitive Landscape
8.1 Recent Development & Imapct Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Company Market Share Analysis, 2023
8.4 Company Heat Map Analysis
8.5 Strategy Mapping
8.6 Company Listing (Business Overview, Financial Performance, Type Benchmarking)
8.6.1 Botanic Healthcare
8.6.2 VIDYA HERBS Pvt. Ltd
8.6.3 Allicin Pharm
8.6.4 HerbalHills
8.6.5 Acara bioherb PVt. LTD.
8.6.6 Pioneer Enterprises (I) Private Limited
8.6.7 Sydler India Pvt. Ltd
8.6.8 Herbal Creations
8.6.9 Alpspure Lifesciences Private Limited
8.6.10 IDOBIO CO., LTD.
8.6.11 Döhler GMB
8.6.12 MartinBauer

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