2025 Botanicals Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Botanicals Market Size By 2025?
In the last few years, the botanicals market has seen significant growth. The market will increase from $140.3 billion in 2024 to $153.72 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. This growth during the historical period can be ascribed to the growing consumer preference for organic and natural products, increased scientific validation, the rising trend of health and wellness, the resurgence of traditional medicine practices, and the increased use of herbal and folk medicine.

How Big Is the Botanicals Market Size Expected to Grow by 2029?
Anticipated to witness robust expansion in the forthcoming years, the botanicals market will surge to a staggering $218.61 billion by 2029, courtesy of an impressive compound annual growth rate (CAGR) of 9.2%. This significant growth in the projected period can be traced back to the explosion of plant-based and vegan commodities, the ballooning consumer yearning for all-things natural, sophisticated research and clinical corroboration, an increasing consciousness about health and wellness, and the spreading influence of tailored nutrition and functional foods. Predominant trends that will shape the forecast period encompass superior extraction methodologies, nanoencapsulation and delivery systems, biotechnology and plant tissue culture, the shift towards genetic engineering, and the adoption of sustainable farming coupled with precision agriculture.

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Which Key Market Drivers Powering Botanicals Market Expansion and Growth?
The growth of the botanicals market is anticipated to be fueled by the growing preference for natural and organic products. These goods are derived from natural sources without the inclusion of any synthetic additives. Organic products, in particular, are cultivated or created without the use of chemical fertilizers, pesticides, or genetically modified organisms. The surge in demand for such products can be attributed to enhanced consumer consciousness about health, consequently leading to the selection of options free from chemicals and abundant in nutrients. As they offer plant-based, chemical-free ingredients loaded with antioxidants and vitamins, botanicals are integral to natural and organic products. These promote safer, healthier, and more environmentally-friendly alternatives which cater to the demand for clean and green products. For example, in May 2024, a report by the Organic Trade Association, a government agency based in the U.S., stated that the sales for the U.S. certified organic market hit a record $69.7 billion in 2023. That was a 3.4% growth from 2022, mainly propelled by price alterations within the industry. Therefore, the increasing preference for natural and organic products is anticipated to steer the growth of the botanicals market.

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Which Fast-Growing Trends Are Poised to Disrupt the Botanicals Market?
Leading enterprises operating in the botanicals market are prioritizing the creation of technological innovations like botanical retinol challengers to improve product quality and cater to the increasing consumer requirement for natural, effective, and sustainable components. The botanical retinol challenger, a plant-based substitute for synthetic retinol, provides comparable benefits for anti-aging and skin renewal with less irritation. For instance, Givaudan S.A., a chemical company based in Switzerland, introduced Siliphos in October 2022, a natural skincare ingredient extracted from milk thistle fruits with the help of green fractionation and Phytosome technology. Apart from being a plant-based replacement for synthetic retinol, Siliphos also presents special properties including powerful, well-aging advantages with heightened skin tolerability. Siliphos outperforms bakuchiol as per clinical tests and notably decreases crow's feet wrinkles by 2x and face wrinkles by 2.3x within 56 days of application. In addition, it boosts collagen production for better skin firmness and elasticity, and reduces redness by 22.9%, hence proving beneficial for sensitive or reactive skin.

What Are the Emerging Segments in the Botanicals Market?
The botanicals market covered in this report is segmented -

1) By Product Type: Herbs, Spices, Essential Oils, Plant Extracts, Natural Colours, Functional Foods
2) By Certification Type: Organic, Non-Organic, Fair Trade, Wildcrafted
3) By Form: Powder, Liquid, Capsules, Tablets
4) By Distribution Channel: Direct Sales, Retail Stores, Online Sales, Wholesale, Speciality Stores
5) By Application: Pharmaceuticals, Food And Beverage, Dietary Supplements, Personal Care And Cosmetics, Other Applications

Subsegments:
1) By Herbs: Dried Herbs, Fresh Herbs, Herbal Powders, Herbal Extracts, Herbal Capsules Or Tablets
2) By Spices: Whole Spices, Ground Spices, Spice Blends Or Mixes, Organic Spices, Spice Extracts Or Oils
3) By Essential Oils: Single Essential Oils, Blended Essential Oils, Organic Essential Oils, Therapeutic Grade Oils, Food Grade Essential Oils
4) By Plant Extracts: Aqueous Extracts, Alcoholic Extracts, Supercritical CO2 Extracts, Standardized Extracts, Powdered Extracts
5) By Natural Colours: Plant-Derived Pigments, Liquid Natural Colours, Powdered Natural Colours, Organic Natural Colours, Color Concentrates
6) By Functional Foods: Fortified Beverages, Nutraceutical Supplements, Herbal Snacks, Probiotic Foods With Botanicals, Energy Bars With Botanical Ingredients

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Who Are the Global Leaders in the Botanicals Market?
Major companies operating in the botanicals market are Nestlé S.A., Archer-Daniels-Midland Company, BASF SE, Unilever PLC, DSM-Firmenich SA , International Flavors & Fragrances Inc., Amway International Inc., Givaudan S.A., Symrise AG, Doehler GmbH, Martin Bauer GmbH & Co KG, Synergy Flavors Inc., Himalaya Wellness Company, Kalsec Inc., PT Indesso Aroma, Bell Flavors & Fragrances Inc., Lipoid Kosmetik AG, Blue Sky Botanics Limited, Nutra Green Biotechnology, Ransom Naturals Ltd.

Which are the Top Profitable Regional Markets for the Botanicals Industry?
Asia-Pacific was the largest region in the botanicals market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the botanicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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