The European botanical extract market offers a diverse range of product types, primarily categorized as organic and conventional extracts. Organic botanical extracts are sourced from plants grown without synthetic chemicals or pesticides, appealing to health-conscious and eco-friendly consumers. Conventional extracts, on the other hand, are obtained from traditionally grown crops. The choice between these product types allows consumers to align with their preferences, whether emphasizing sustainability, naturalness, or adherence to standard farming practices. This product variety caters to a wide range of market demands in Europe.
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Data Bridge Market Research analyses that the Europe Botanical Extract Market value, which was USD 3,701.52 million in 2021, is expected to reach the value of USD 6,455.64 million by 2029, at a CAGR of 7.2% during the forecast period 2022-2029. The increasing preference for natural ingredients in cosmetics and skin care products has increased the demand for botanical extracts. These extracts are valued for their skin-friendly properties, including nourishment, anti-aging effects, and overall skincare benefits, aligning with the clean and natural beauty trend.
Key Findings of the Study
Pharmaceutical applications are expected to drive the market's growth rate
Botanical extracts find extensive application in the pharmaceutical industry due to their medicinal properties. These extracts, derived from various plants and herbs, are valued for their potential therapeutic benefits. They serve as a source of active compounds used in pharmaceutical formulations to develop medicines and herbal remedies. With a growing interest in natural remedies and traditional medicine, botanical extracts are pivotal in supporting the pharmaceutical sector's quest for innovative and natural treatment options.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Spice Extracts, Herb Extracts, Flower Extracts, Tea Extracts, Fruit Extracts, and Marine Plant Extracts), Form (Liquid, Powder, and Leaf Extract), Product Type (Organic and Conventional), Application (Nutraceutical, Food Products, Pharmaceutical, Personal Care and Cosmetics, Beverages, Aromatherapy, Sport Nutrition, Animal Feed, and Other).
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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Givaudan (Switzerland), Kerry Group plc (Ireland), DSM (Netherlands), Sensient Technologies Corporation(U.S.), Ingredion Incorporated(U.S.), McCormick & Company, Inc.(U.S.), Provital (Spain), Martin Bauer Group (Germany), Organic Herb Inc(U.S.), Kalsec Inc.(U.S.), Symrise (Germany), Synthite Industries Ltd. (India), International Flavors & Fragrances Inc.(U.S.), Carrubba, Inc.(U.S.), Blue Sky Botanics (U.K.), DÖHLER GmbH (Germany), Bio Botanica, Inc.(U.S.), Bio-gen Extracts Private Limited (India), Plantnat (China), Native Extracts Pty Ltd (Australia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe botanical extract market is segmented into four notable segments based on type, form, product type, and application.
- On the basis of type, the Europe botanical extract market is segmented into spice extracts, herb extracts, flower extracts, tea extracts, fruit extracts, and marine plant extracts.
- On the basis of form, the Europe botanical extract market is segmented into powder, liquid, and leaf extracts.
- On the basis of product type, the Europe botanical extract market is segmented into organic and conventional.
- On the basis of application, the Europe botanical extract market is segmented into food products, sports nutrition, beverages, pharmaceutical, nutraceutical, personal care and cosmetics, aromatherapy, animal feed, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe botanical extract market players in Europe botanical extract market are Givaudan (Switzerland), Kerry Group plc (Ireland), DSM (Netherlands), Sensient Technologies Corporation(U.S.), Ingredion Incorporated(U.S.), McCormick & Company, Inc.(U.S.), Provital (Spain), Martin Bauer Group (Germany), Organic Herb Inc(U.S.).
Market Developments
- In September 2022, Givaudan introduced New Purple 2364, a vegan pigment designed for makeup formulations. This pigment is derived through green fractionation from Raphanus Sativus L., a type of radish. The launch of this innovative pigment expands Givaudan's product portfolio, catering to the growing demand for vegan and sustainable cosmetics. New Purple 2364 offers cosmetic manufacturers a natural and eco-friendly alternative, aligning with the company's commitment to product innovation and sustainability.
- In March 2020, International Flavors & Fragrances Inc. (IFF) established a strategic partnership with Evolva, a Swiss biotech firm. This partnership aimed to enhance the commercialization of IFF's products, fostering growth in sales and revenue. By leveraging Evolva's biotechnology expertise, IFF sought to bring innovative, sustainable, and natural ingredients to the market, meeting the increasing demand for eco-friendly and health-conscious products in the flavors and fragrances industry.
Regional Analysis
Geographically, the countries covered in the Europe botanical extract market report Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in the Europe botanical extract market during the forecast period 2022-2029
Germany dominates the botanical extract market primarily due to the substantial demand for botanical extracts across diverse end-user industries. The country's strong manufacturing and research infrastructure, coupled with its high-quality standards, facilitates the production of premium botanical extracts. These extracts find applications in pharmaceuticals, cosmetics, food and beverages, and more. The German market's responsiveness to global demands positions it as a pivotal player in the botanical extract sector.
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