Lovage Extract Market Size - By Origin (Shoot Extract, Root Extract), By Application (Food and, Beverage Industry, Pharmaceuticals and Nutraceuticals, Cosmetics and Personal Care, Agriculture and Animal Feed), By Form & Forecast, 2024 - 2032

Lovage Extract Market Size - By Origin (Shoot Extract, Root Extract), By Application (Food and, Beverage Industry, Pharmaceuticals and Nutraceuticals, Cosmetics and Personal Care, Agriculture and Animal Feed), By Form & Forecast, 2024 - 2032

Lovage Extract Market size is projected to grow at over 4.6% CAGR from 2024 to 2032, led by the rising demand for natural and herbal products in the food & beverage, pharmaceutical, and cosmetic sectors. The growing preference of consumers for clean-label and plant-based ingredients is accelerating the use of lovage extract as a flavoring and health-enhancing additive. Therapeutic properties like anti-inflammatory and digestive benefits are also driving its incorporation into dietary supplements and herbal remedies.

As per data from the India Brand Equity Foundation (IBEF), the Indian pharmaceutical industry is projected to reach USD 130 billion in value by 2030. This thriving pharmaceutical sector will spur the product demand. The rising trend of organic and sustainable farming is also supporting the high demand for lovage, as it is often cultivated using eco-friendly practices. Innovations in extraction techniques for improving the quality and potency of the extracts will drive the industry growth.

The overall market is segregated into origin, form, application, and region.

Based on origin, the lovage extract market from the root extract segment is estimated to expand at notable rate between 2024 and 2032, owing to its potent medicinal properties, including anti-inflammatory and digestive benefits. The consumer interest in natural health remedies is increasing. The versatility of these extracts in culinary, pharmaceutical, and cosmetic applications is enhancing their appeal. The advancements in extraction technologies for improving quality and potency will add to the segment growth.

With regards to application, the lovage extract industry from the pharmaceuticals and nutraceuticals segment will expand at significant rate up to 2032, driven by the increasing demand for natural and herbal remedies. The anti-inflammatory, digestive, and antioxidant properties of lovage extracts make it valuable for health supplements and medicinal formulations. Rising consumer preference for clean-label and plant-based products is also accelerating the product use in such applications.

Regionally, the North America lovage extract industry is projected to showcase strong growth from 2024 to 2032, due to the increasing consumer demand for natural and herbal health products. Anti-inflammatory, digestive, and antioxidant benefits are increasing the product popularity in pharmaceuticals and nutraceuticals. Rising awareness of clean-label and plant-based ingredients along with the growing trend of holistic wellness and organic products are also driving the regional market expansion.