What is the global market size of the Liquid Botanical Extracts Market?

Global Liquid Botanical Extracts Market size was valued at USD 6.1 billion in 2021 and is poised to grow from USD 6.53 billion in 2022 to USD 12.11 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

Global Liquid Botanical Extracts Market Size, Share, Growth Analysis, By source(herbs, species), By application(personal care, medical drinks), By Technology(solvent extraction, cold pressing) - Industry Forecast 2024-2031

Report ID: SQMIG30I2073 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 97 | Figures: 76

Global Liquid Botanical Extracts Market Dynamics

Liquid Botanical Extracts Market Drivers

Rise in Demand from F&B Sector to Drive the Market for Liquid Botanical Extracts Market

Liquid botanical extracts are used widely throughout industries, not only medicine. These rank among the most important elements in the food and beverage industry. The use of liquid botanical extracts is expanding rapidly across all major food categories, including baked goods, dairy products, drinks, and savory items like sauces, snacks, and soups. Alcohol-free drinks make up a significant market for extracts. Products with a high sugar content, such as flavored water, infused water, or water, are being replaced with less sweet, more natural alternatives using a range of botanicals. The herbal market, which consists of blends of tea leaves, mint, floral notes, and mild spices, could benefit from the numerous prospects this will present.

Liquid Botanical Extracts Market Restraints

High Cost to Hinder Market Growth

The dwindling supply of key raw materials needed to create goods with botanical extracts can be a significant limitation. The variable cost of these raw materials is another major constraint that makes it difficult for the producers of food and beverages to concentrate on their operations.

Global Liquid Botanical Extracts Market Report Snapshots

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Liquid Botanical Extracts Market size was valued at USD 6.1 billion in 2019 and is poised to grow from USD 6.53 billion in 2023 to USD 12.11 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

This industry has extremely good rivalry. The market is particularly profitable for two primary reasons: there are little entry barriers and these items are expensive. Businesses are realizing that in order to remain financially viable, they must innovate. One thing they are doing is expanding their worldwide reach through mergers and acquisitions, growth, and the ongoing release of new, superior, and healthier products. 'Synergy Flavors Inc.', ' Martin Bauer Group ', ' Biomax Life Sciences Ltd. ', ' Organic Herb Inc. ', ' Kalsec, Inc. ', ' Nantong Sihai Plant Extracts Co., Ltd. ', ' Blue Sky Botanics Ltd. ', ' Döhler GmbH ', ' Prinova Group LLC ', ' Shaanxi Jiahe Phytochem Co., Ltd. ', ' Indena S.p.A. ', ' PT. Indesso Aroma ', ' Vidya Herbs Private Limited ', ' Naturalin Bio-Resources Co., Ltd. ', ' Plant Extracts International Inc. ', ' Sabinsa Corporation ', ' Xi'an Sost Biological Science & Technology Co., Ltd. ', ' Nexira ', ' Hunan Nutramax Inc. ', ' Ingredients By Nature, LLC '

Liquid botanical extracts are used widely throughout industries, not only medicine. These rank among the most important elements in the food and beverage industry. The use of liquid botanical extracts is expanding rapidly across all major food categories, including baked goods, dairy products, drinks, and savory items like sauces, snacks, and soups. Alcohol-free drinks make up a significant market for extracts. Products with a high sugar content, such as flavored water, infused water, or water, are being replaced with less sweet, more natural alternatives using a range of botanicals. The herbal market, which consists of blends of tea leaves, mint, floral notes, and mild spices, could benefit from the numerous prospects this will present.

After 2021, it's estimated that the demand for organic products has increase significantly. Manufacturers in the international botanical industry frequently launch new and cutting-edge goods as a result of the great demand for botanicals' practical features. To diversify their product offering and increase total sales, they are also providing ready-to-eat variations. They are also spending money on cutting-edge marketing plans and celebrity endorsements, which are predicted to accelerate market growth in the upcoming years.

Geographically, the liquid botanical extracts market is divided into Latin America, the Middle East & Africa, Europe, Asia-Pacific, and North America. According to estimates, North America held the greatest market share for liquid botanical extracts worldwide in 2021. The significant market share of this region is primarily explained by rising consumer awareness of the advantages of consuming foods containing naturally derived plant extracts, the abundance of aromatic medicinal plants, the escalating competition for natural resources, and government initiatives to advance technology.

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Global Liquid Botanical Extracts Market Size, Share, Growth Analysis, By source(herbs, species), By application(personal care, medical drinks), By Technology(solvent extraction, cold pressing) - Industry Forecast 2024-2031

Global Liquid Botanical Extracts Market Dynamics

Global Liquid Botanical Extracts Market Report Snapshots

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