Thyme Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder and Liquid); By Nature; By Application; By Region; Segment Forecast, 2024 – 2032

Thyme Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder and Liquid); By Nature; By Application; By Region; Segment Forecast, 2024 – 2032

The global thyme extract market size is expected to reach USD 216.04 Million by 2032, according to a new study by Polaris Market Research. The report “Thyme Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder and Liquid); By Nature; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The emerging trend of natural and herbal-based products across almost all end-use sectors and constant change in consumer preferences because of the rising awareness of several potentially harmful and adverse effects of synthetic chemicals found in conventional products are prominent factors boosting the demand for products all over the world. The rising number of consumers seeking safer and highly sustainable options and the surge in the prevalence of skin diseases caused due to the surging use of harmful chemicals are also likely to spur market growth for organic herbal-based ingredients like thyme extract over the coming years. For instance, according to the World Health Organization, skin diseases are among the most common diseases of all human health afflictions and estimated to affect approximately 900 million people globally, and is the number is growing rapidly.

In recent years, the number of innovations in extraction methods, such as supercritical fluid extraction, ultrasound-assisted extraction, and microwave-assisted extraction, that could lead to improved efficiency, higher yields, and enhanced preservation of bioactive compounds in thyme extract have surged drastically, and opening up new growth avenues for the global market.

In addition, the use of thyme extract for therapeutic and aromatic purposes has gained huge traction and popularity, as it includes carvacrol, which is an active ingredient that has favorable effects on neuron activity and improves the overall sense of well-being. Apart from this, the historical use of thyme in various cultures and traditions all over the world is further anticipated to present an opportunity for leading market players to tap into the growing interest in ethnobotanical traditions and holistic wellness practices and is also likely to have a positive impact on the product demand and contributing to market growth.

Thyme Extract Market Report Highlights

• Liquid segment accounted for a noteworthy share on account of its significant use in a range of applications from different end-use industries
• The organic segment held the largest share, mainly due to increased consumer demand for natural and organic products and the surging clean label movement globally
• The food & beverages segment will grow at the fastest pace due to the rising consumption of food products and the shift in consumer preferences toward organic food products
• Asia Pacific dominated the market with a substantial share, owing to higher product use in traditional medical practices and exponential growth in several end-user industries
• The key market players include Foodchem International Corporation, Penta International Corporation, Treatt Plc, and The John D. Walsh Company

Polaris Market Research has segmented the thyme extract market report based on form, nature, application, and region:

Thyme Extract, Form Outlook (Revenue - USD Million, 2024 - 2032)

• Powder
• Liquid

Thyme Extract, Nature Outlook (Revenue - USD Million, 2024 - 2032)

• Organic
• Conventional

Thyme Extract, Application Outlook (Revenue - USD Million, 2024 - 2032)

• Food & Beverages
• Pharmaceuticals
• Sore Throat
• Antiseptic
• Personal Care & Cosmetics
• Detergent
• Creams
• Others

Thyme Extract, Regional Outlook (Revenue - USD Million, 2024 - 2032)

• North America

- U.S.

- Canada

• Europe

- Germany

- UK

- France

- Italy

- Spain

- Russia

- Netherlands

- Rest of Europe

• Asia Pacific

- China

- India

- Japan

- South Korea

- Indonesia

- Malaysia

- Australia

- Rest of APAC

• Latin America

- Argentina

- Brazil

- Mexico

- Rest of Latin America

• Middle East & Africa

- UAE

- Saudi Arabia

- Israel

- South Africa

- Rest of MEA