Press release
Botanical Extracts Market Sees Steady Growth as Demand for Natural Products Rises
Botanical Extracts Market
One of the key factors fueling this growth is a shift in consumer preferences toward health and wellness. Botanical extracts offer natural alternatives to synthetic ingredients and are valued for their flavoring, coloring, and preservative qualities in food and beverages. Their medicinal properties-such as anti-inflammatory, antioxidant, and antimicrobial effects-are making them increasingly popular in dietary supplements and modern pharmaceutical products.
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In cosmetics and personal care, botanical extracts are now essential ingredients. Known for their antibacterial and soothing properties, these plant-based ingredients are found in a variety of skincare and personal care products. The growing trend toward clean-label products has only strengthened the demand for botanical-based ingredients.
Key Market Drivers
Health Awareness: Rising awareness of the health benefits of plant-based ingredients has led to a sharp increase in demand for botanical extracts.
Diverse Applications: Apart from traditional medicine, botanical extracts are widely used in food, cosmetics, pharmaceuticals, and even agriculture for their natural qualities.
Natural Alternatives: Consumers are increasingly seeking natural substitutes for synthetic drugs and chemical-based ingredients.
Market Challenges
Despite the growing interest, the high cost of production remains a challenge. Extraction processes often require advanced technology and strict regulatory compliance, making it harder for smaller producers to enter the market.
Segment Insights
By Source: The herbs segment held the largest share of the market in 2023, with products like thyme, ginseng, and tea tree oil gaining widespread popularity for their natural benefits. Meanwhile, the flowers segment, which includes lavender, chamomile, and rose, is projected to grow the fastest due to rising use in wellness and personal care products.
By Technology: Solvent extraction was the most used method in 2023, thanks to its efficiency in producing high-quality extracts. However, cold press extraction is expected to grow the fastest, as it preserves heat-sensitive compounds and aligns with the growing demand for minimally processed, eco-friendly products.
By End-Use: The food and beverage sector is currently the largest consumer of botanical extracts, as more brands focus on natural ingredients for functional foods and health drinks. The cosmetics and personal care segment also continues to grow, fueled by increasing interest in clean beauty products and plant-based skincare solutions.
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Botanical Extracts Market Top Companies and Competitive Landscape
The global botanical extracts market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective botanical extracts.
Some Of the Major Companies Included in The Global Botanical Extracts Market Report Are:
Ransom Naturals Ltd.
International Flavors & Fragrances Inc.
Synthite Industries Ltd.
Martin Bauer Group
Kalsec, Inc.
Synergy Flavors Inc.
Nutra Green Biotechnology Co., Ltd.
Indesso Aroma
Döhler GmbH
Bell Flavors & Fragrances
Botanical Extracts Market Latest Industry Updates
In June 2024, which is a new range of Herbasol Plant Water products was introduced by Lipoid Kosmetik AG, which a producer of natural ingredients for cosmetics. To extract the health benefits of plants, steam distillation is used to create these plant waters. Their intended application is in natural and clean beauty products that encourage hydration and a radiant, healthy complexion. Fermented skincare products are also a good fit for the plant waters.
In April 2024, Evonik established new segment, Botanicals & Natural Actives, to concentrate on natural ingredients for the beauty and personal care industry. To better cater to the rising demand for natural and sustainable ingredients, this segment combines Evonik's current product line with recent acquisitions. Evonik is seeking to expand its reach by offering superior botanical extracts that have been validated by science.
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Botanical Extracts Market Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global botanical extracts market on the basis of source, form, technology, end-use, and region:
Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2033)
Herbs
Spices
Fruits
Flowers
Roots
Leaves
Seeds
Barks
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2033)
Essential Oils
Oleoresins
Powdered Extracts
Liquid Extracts
Tinctures
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2033)
Solvent Extraction
Steam Distillation
Cold Press Extraction
Supercritical Fluid Extraction
Others
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2033)
Food and Beverages
Functional Beverages
Bakery and Confectionery
Dairy Products
Others
Cosmetics and Personal Care
Skin Care
Hair Care
Fragrances
Pharmaceuticals and Nutraceuticals
Dietary Supplements
Medicinal Products
Agriculture
Animal Feed
Pesticides
Fertilizers
Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2024-2033. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Benefits of Buying the Global Botanical Extracts Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Botanical Extracts Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Botanical Extracts Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Botanical Extracts Market
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