USD 6.3 billion
Botanical Extracts Market Size, Share, and Growth Analysis
Botanical extracts Market By Source Type (Spices, Herbs), By Form (Powder, Liquid), By Extraction Technology (Water Extraction, Drying), By Application (Food & Beverages, Pharmaceuticals & Nutraceuticals), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2212 |
Region:
Global |
Published Date: May, 2025
Pages:
196
|Tables:
168
|Figures:
68
Format -
Botanical Extracts Market Insights
Global Botanical extracts Market size was valued at USD 6.3 billion in 2023 and is poised to grow from USD 6.79 billion in 2024 to USD 12.39 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).
Surge in demand for natural ingredients, rising use of extracts in food and beverages, expansion of personal care industry, rise in consumption of nutraceuticals, and growing popularity of traditional medicine are slated to drive botanical extracts consumption.
Botanical extracts are being increasingly used to enhance flavor, aroma, and nutritional profiles in food and beverage products. As consumers seek healthier alternatives, botanicals like green tea, turmeric, ginseng, and elderberry are incorporated into functional foods, beverages. The personal care and cosmetics sector is witnessing robust demand for botanical extracts, driven by rising interest in natural beauty products. Global interest in traditional medicine systems like Ayurveda, Traditional Chinese Medicine (TCM), and naturopathy is also estimated to bolster the global botanical extracts market growth in the long run.
On the contrary, high production costs, fluctuations in raw material supply and quality, regulatory and compliance challenges, and limited consumer awareness and misinformation are estimated to hamper the sales of botanical extracts around the world through 2032 and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Horizontal Source
Fastest Growth
Spices
Growth Rate
7.8% CAGR
Global Botanical Extracts Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Botanical Extracts Market Segments Analysis
Global Botanical extracts Market is segmented by Source Type, Form, Extraction Technology, Application and region. Based on Source Type, the market is segmented into Spices, Herbs, Flowers, Fruits, Tea Leaves and Others. Based on Form, the market is segmented into Powder, Liquid and Leaf Extracts. Based on Extraction Technology, the market is segmented into Water Extraction, Drying, Cold Pressing, Steam Distillation, Enfleurage, Supercritical CO₂ Extraction, Low-boiling Solvent Extraction and Others. Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, Aromatherapy, Animal Feed and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Where are Most Botanical Extracts Sourced From?
The leaves segment is forecasted to account for the largest global botanical extracts market share in the future. The presence of a higher concentration of valuable bioactive compounds in leaves than any other part of the plant makes it the most valuable source for most botanical extracts. Easy availability of leaves and easy processing of the same are also cementing the dominance of this segment.
Meanwhile, the spices segment is slated to account for the second-largest share of the global botanical extracts industry going forward. Growing awareness regarding medicinal benefits of spices and rising preference of the same for their flavor are making them a rich source of botanical extracts.
Where are Most Botanical Extracts Used?
The pharmaceutical and nutraceutical segment is projected to lead the global botanical extracts market revenue generation over the coming years. Growing emphasis on health and wellness is boosting the consumption of pharmaceuticals and nutraceuticals and cementing the high share of this segment. Increasing emphasis on preventive healthcare is also expected to help create new business scope via this segment in the long run.
On the other hand, the demand for botanical extracts in cosmetics and personal care is slated to rise at a notable pace going forward. Increasing consumer demand for personal care and cosmetics made with natural ingredients amid rising awareness regarding ill-effects of chemicals is promoting the use of botanical extracts.
Global Botanical Extracts Market By Source
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Botanical Extracts Market Regional Insights
Are Botanical Extracts Popular in the European Region?
Strong environmental values, high demand for organic products, and an aging population seeking natural health solutions are helping Europe emerge as the dominant market for botanical extracts. Prioritization of transparency, sustainability, and scientific validation among European consumers is pushing brands to innovate with clean-label botanical offerings in the region. Rising popularity of plant-based diets, functional foods, and eco-friendly personal care are slated to further cement the dominance of this region.
Botanical Extracts Market in United Kingdom
Prioritization of health and wellness among British consumers is primarily boosting botanical extracts adoption in the United Kingdom. Sustainability and transparency are top priorities, with many brands emphasizing organic, fair-trade botanicals and botanical extracts. Continued emphasis on scientifically backed, natural ingredient adoption in the country is also expected to make it a highly rewarding market in the European region in the long run.
Botanical Extracts Market in Germany
Strong heritage of herbal medicine and modern organic movements make Germany a top country for botanical extracts providers in Europe. Pharmaceutical-grade botanical extracts are projected to be high in demand in Germany. Changing wellness trends, adoption of preventive healthcare, and evolving consumer preferences are also influencing the sales of botanical extracts.
Botanical Extracts Market in France
Strong consumer preferences for natural wellness, organic foods, and eco-friendly cosmetics are primarily influencing botanical extracts demand. Traditional herbal remedies, such as lavender, thyme, and rosemary, remain popular for both therapeutic and culinary uses. The clean beauty movement and rising interest in holistic health practices are also slated to supplement the sales of botanical extracts in the long run.
How Will the Demand for Botanical Extracts Fare in the Asia Pacific?
Asia Pacific emerges as the fastest-growing region for botanical extract providers owing to deep-rooted traditional medicine practices like Ayurveda and Traditional Chinese Medicine (TCM). Increasing preference for herbal supplements, functional foods, and natural cosmetics among consumers coupled with high disposable income are also boosting the demand for botanical extracts. Government support for herbal medicines and preventive healthcare initiatives further accelerate adoption
Botanical extracts Market in Japan
Deep-rooted cultural affinity for natural remedies and traditional health practices of Japan makes it a highly lucrative market for botanical extracts suppliers. The presence of a massive aging population is driving up the demand for anti-aging, cognitive health, and immune-boosting botanical extracts. Convenience in delivery formats, such as functional beverages and skincare products are expected to further propel the sales of botanical extracts across Japan.
Botanical Extracts Market in South Korea
Presence of a strong beauty culture, health-conscious consumers, and increasing demand for functional foods are boosting sales of botanical extracts rapidly in South Korea. Ginseng, centella asiatica, and green tea are some of the most widely used botanical extracts for cosmetics, supplements, and wellness foods. The surge in popularity of K-beauty trend and high demand for Korean beauty products are also slated to boost the sales of botanical extracts in the country. South Korean companies emphasize scientific validation and high product efficacy, making botanicals a mainstream choice in daily health and beauty routines.
Why Botanical Extract Companies Flock in North America?
High consumer awareness about natural products, preventive healthcare trends, and robust spending power are making North America a key region on a global level. Advanced research facilities, innovation in extraction technologies, and strong marketing strategies are also promoting the demand for botanical extracts in this region. High consumption of nutraceuticals is also slated to boost revenue generation potential for market players in North America.
Botanical extracts Market in United States
Extensive use of botanical extracts such as turmeric, elderberry, green tea, and echinacea for immune support, skincare, and functional foods is helping this country lead revenue generation. Rising consumer awareness about clean-label products and preventive health measures is also creating new opportunities for market players. High investments in R&D to create targeted botanical solutions catering to wellness, beauty, and cognitive health.
Botanical Extracts Market in Canada
Heightened interest of Canadian consumers in natural health products, organic foods, and sustainable living is creating an opportune setting for botanical extracts providers. Ginseng, cranberry, and hemp are some of the popularly used botanical extracts in the country. Government regulations under Health Canada’s Natural and Non-prescription Health Products Directorate ensure stringent quality standards, which bolster consumer confidence.
Global Botanical Extracts Market By Region
- Largest
- Fastest
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Botanical Extracts Market Dynamics
Botanical Extracts Market Drivers
Increasing Awareness of Health Benefits
- Botanical extracts are recognized for their numerous health benefits, including antioxidant, anti-inflammatory, antimicrobial, and immune-boosting properties. With rising chronic diseases like diabetes, cardiovascular issues, and obesity, consumers actively seek preventive healthcare solutions through natural supplementation. Increasing awareness regarding the health benefits associated with the use of botanical extracts is also projected boost revenue generation in the future.
Rise in Nutraceuticals and Dietary Supplement Consumption
- Increasing consumer preference for natural supplements for energy, immunity, sleep, and stress management are promoting incorporation of botanical extracts in these formulations. Key botanicals like ashwagandha, elderberry, and maca root feature prominently in capsules, powders, gummies, and tinctures. Growing inclination toward preventive healthcare is expected to bolster the global botanical extracts market outlook in the long run.
Botanical Extracts Market Restraints
Fluctuating Raw Material Supply and Quality
- Botanical extract production heavily depends on the consistent availability and quality of plant raw materials. Seasonal variations, climate change, and unsustainable farming practices can cause supply chain disruptions, affecting prices and availability. Inconsistent raw material quality leads to variability in extract efficacy and safety, undermining consumer trust and product standardization efforts. All of these fluctuations could inhibit the global botanical extracts market penetration in the long run.
Regulatory and Compliance Challenges
- Imposition of stringent and varying regulations on the use and distribution of botanical extracts creates complexities for manufacturers. Regulatory bodies scrutinize health claims, ingredient safety, labeling practices, and permissible levels of active compounds. Failure to meet compliance standards can lead to fines, recalls, or bans, impacting brand reputation and financial stability. Creating standard botanical extracts for all regions is a herculean task and estimated to slow down the sales of botanical extracts across the study period.
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Botanical Extracts Market Competitive Landscape
Botanical extract providers should focus on increasing awareness regarding health benefits of their offerings. Use of innovative extraction technologies and sourcing extracts from sustainable sources are also key opportunities for companies as per this global botanical extracts market forecast.
Startups are expected to focus on exploring and discovering new extracts to stand out from the competition. Leveraging advanced technologies and formulation of new extracts remains the prime focus of new companies.
- Brightseed: The 2017-founded company leverages artificial intelligence to discover powerful phytonutrients hidden in plants. This allows biological extract manufacturers to identify and discover new extracts. Based in the United States, the company offers a platform called "Forager" which identifies and unlocks new botanical compounds for use in dietary supplements, functional foods, and health applications, supporting preventive wellness with scientifically backed botanicals.
Top Player’s Company Profiles
- Symrise AG (Germany)
- Synthite Industries Ltd. (India)
- Arjuna Natural Extracts Ltd. (India)
- Naturex (France)
- Kalsec Inc. (U.S.)
- Synergy Flavors Inc. (U.S.)
- Prinova Group LLC (U.S.)
- PT. Indesso Aroma (Indonesia)
- Haldin Pacific Semesta (Indonesia)
- Blue California (U.S.)
- Ransom Naturals Ltd. (U.K.)
- Martin Bauer Group (Germany)
- International Flavors & Fragrances Inc. (U.S.)
- Dohler GmbH (Germany)
- Givaudan SA (Switzerland)
- Sensient Technologies Corporation (U.S.)
- Botanica (Canada)
- Indena S.p.A. (Italy)
- Sabinsa Corporation (U.S.)
- Nexira (France)
Recent Developments in Botanical extracts Market
- In March 2025, MIGU Adaptogen Bio-tech Co. Ltd., a top name in the fungus extract manufacturing business announced the launch of its premium range of Beta Glucan extracts. The new offerings were derived from Hericium Erinaceus, Cordyceps, and Inonotus Obliquus mushrooms. The company’s product range is backed bycGMP, ISO, HACCP, Kosher, Halal, and Organic certifications.
- In September 2024, Givaudan Active Beauty launched a new range of active botanical extracts for the personal care and makeup industry. The [N.A.S.]™ Vibrant Collection features five, 100% natural origin active extracts to fulfil the demand for natural ingredients in the beauty and personal care space.
- In April 2024, Nektium, a company focused on harnessing the full potential of botanicals revealed its plans to launch a new botanical extract at the Vitafoods Europe event. Vanizem is sustainably sourced from Aframomum melegueta spice and is used to reduce stress and support mood.
Botanical Extracts Key Market Trends
- Shift Toward Organic and Sustainable Sourcing: Consumers are increasingly demanding organic, sustainably sourced botanical extracts. Brands are emphasizing eco-friendly harvesting methods, fair trade practices, and transparent supply chains to appeal to environmentally conscious buyers. As climate change and biodiversity concerns grow, manufacturers are investing in regenerative agriculture and sustainable wildcrafting to ensure long-term resource availability.
- Rising Demand for Functional and Customized Botanical Products: Demand for botanical extracts tailored to specific health benefits like stress management, gut health, cognitive function, and beauty-from-within is rising rapidly. High preference for personalized nutrition and wellness is also expected to help make this an indispensable botanical extracts market trend going forward. Functional customization represents a significant shift from generic formulations to highly tailored, goal-specific botanical solutions in the marketplace.
Botanical Extracts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising awareness regarding health benefits of extracts and growing adoption of traditional medicine are slated to primarily drive the demand for botanical extracts going forward. However, raw material availability issues and competition from alternatives are anticipated to slow down the sales of botanical extracts in the future. Europe is slated to spearhead the consumption of botanical extracts backed by high preference for organic products and presence of an eco-conscious consumer base. Adoption of sustainable sourcing and integration with functional foods are slated to create new business scope for botanical extracts companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.3 billion |
| Market size value in 2032 | USD 12.39 billion |
| Growth Rate | 7.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Botanical Extracts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Botanical Extracts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Botanical Extracts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Botanical Extracts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Botanical Extracts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Botanical Extracts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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