Botanical Extracts Market
Report ID: SQMIG30H2212
Botanical Extracts Market Size
SkyQuest Technology's Botanical extracts market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Botanical Extracts Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
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.
Botanical Extracts Market Report Snapshots
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