Global Botanical Ingredients Market, By Product Type (Emulsifier, Plant Oils, Plant Colorants, Fragrances, Resin Extracts and Plant Extracts), Primary Ingredients (Fruits and Vegetables Extracts, Grain Extracts, Herbal Extracts, Tea Extracts and Floral Extracts), Application (Food and Beverages Dietary Supplements, Personal Care and Cosmetics, Pharmaceuticals, and Others), Ingredients Source (Herbs, Leaves, Spices, Flowers and Others), Ingredients Form (Powder and Liquid) – Industry Trends and Forecast to 2031.
Botanical Ingredients Market Analysis and Size
The Botanical Ingredients market is advancing with increased demand for natural products in food, cosmetics, and pharmaceuticals. The latest methods emphasize sustainable sourcing and extraction techniques, enhancing product quality and efficacy. Technological innovations such as advanced extraction processes and analytical tools are driving growth. This market benefits from rising consumer awareness of health benefits and sustainability, shaping future trends in natural ingredient markets.
The global botanical ingredients market size was valued at USD 7.72 billion in 2023 and is projected to reach USD 24.46 billion by 2031, with a CAGR of 15.50% during the forecast period of 2024 to 2031. 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.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Emulsifier, Plant Oils, Plant Colorants, Fragrances, Resin Extracts and Plant Extracts), Primary Ingredients (Fruits and Vegetables Extracts, Grain Extracts, Herbal Extracts, Tea Extracts and Floral Extracts), Application (Food and Beverages, Dietary Supplements, Personal Care and Cosmetics, Pharmaceuticals, and Others), Ingredients Source (Herbs, Leaves, Spices, Flowers and Others), Ingredients Form (Powder and Liquid)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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GrainCorp (Australia), Malteurop (France), Rahr Corporation (U.S.), Boortmalt (Belgium), Indesso (Spain), Lipoid-Kosmetik (Germany), The Herbarie at Stoney Hill Farm, Inc. (U.S.), International Flavors& Fragrances, Inc. (Netherlands), Bell Flavors& Fragrances (France), Rutland Biodynamics Ltd. (Scotland), Prakruti Products Pvt. Ltd (India), AmbePhytoextractsPvt. Ltd. (Austria), The Green Labs LLC (Nethelands), Berje, Inc. (Italy), Umalaxmi Organics Pvt. Ltd. (India), and DSM (Netherlands)
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Market Opportunities
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Market Definition
Botanical ingredients refer to substances derived from plants, such as herbs, flowers, fruits, seeds, or roots, used in various industries such as cosmetics, pharmaceuticals, and food. These ingredients are valued for their natural properties and are often incorporated into products for their therapeutic, flavoring, or aromatic qualities. Botanical ingredients are favored for their perceived health benefits and compatibility with organic and natural product trends.
Botanical Ingredients Market Dynamics
Drivers
- Growing Consumer Demand for Natural Products
The growing consumer preference for natural products is propelling the botanical ingredients market forward. As health and sustainability concerns mount, consumers favor botanical extracts for their perceived health benefits and eco-friendly profiles. For instance, the use of plant-based extracts such as green tea in skincare products for antioxidant benefits and herbal supplements such as turmeric capsules for wellness support, illustrates how manufacturers are meeting this demand across diverse sectors, from cosmetics to pharmaceuticals.
- Expansion of Herbal Supplements and Nutraceuticals
The global market for herbal supplements and nutraceuticals is expanding rapidly as consumers increasingly turn to natural alternatives over traditional medicine. Botanical ingredients, such as ginseng and echinacea, are central to this growth, prized for their perceived health benefits and minimal side effects compared to synthetic options. This trend is evident in the rising sales of herbal supplements worldwide, driven by a growing preference for holistic health solutions and wellness-focused lifestyles.
Opportunities
- Technological Advancements in Extraction and Processing
Technological advancements such as supercritical fluid extraction and nanotechnology have revolutionized botanical ingredient production. These methods enable manufacturers to extract higher yields of bioactive compounds from plants, improving both efficiency and quality. For instance, supercritical CO2 extraction allows for precise control over temperature and pressure, preserving delicate compounds in botanicals such as essential oils and antioxidants. Such innovations drive market growth by meeting increasing demand for natural and potent botanical ingredients in diverse industries, including pharmaceuticals, cosmetics, and food supplements.
- Increasing Use in Personal Care and Cosmetics
Botanical ingredients, such as aloe vera, chamomile, and lavender, are pivotal in skincare, hair care, and cosmetics for their perceived safety and efficacy. Their natural soothing and anti-inflammatory properties cater to consumer demands for gentler, more effective products. For instance, aloe vera's moisturizing benefits in moisturizers and chamomile's calming effects in face masks exemplify how botanicals drive market growth by meeting the rising preference for natural, skin-friendly solutions in beauty and personal care.
Restraints/Challenges
- High Extraction and Processing Costs
High extraction and processing costs for botanical ingredients, particularly for delicate compounds needing specialized techniques, significantly impact pricing and profitability. These costs create barriers to market entry and scalability, reducing profit margins for producers. Economic feasibility becomes challenging without substantial investment in extraction technologies and process optimization. Thus, the market faces constraints in achieving widespread affordability and competitive pricing amidst these financial burdens.
- Seasonal Variability
Seasonal variability in botanical ingredients, tied to specific growing seasons, creates supply instability year-round. This inconsistency poses significant challenges in maintaining stable production and pricing in the market. As a result, producers and distributors face ongoing uncertainties, impacting their ability to meet demand consistently and affecting market reliability.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2024, Archer Daniels Midland Company forged a strategic partnership with Water.org to advance community service projects focused on water sanitation. The collaboration aims to provide safe, potable water to underserved areas globally, emphasizing sustainable solutions for remote communities
- In October 2022, International Flavors & Fragrances, Inc. allocated USD 30 million to expand its presence through the Singapore Innovation Center. Spanning 11,000 square meters, the center enhances the company's global market capabilities, fostering innovation in flavors and fragrances to meet evolving industry demands
- In May 2022, Indian start-up Leaven Essentials launched branded botanical extracts worldwide, offering scientifically formulated herbal solutions tailored to diverse customer applications. The initiative aims to deliver effective, natural ingredients that cater to growing consumer preferences for sustainable and health-focused products
- In November 2021, IFF announced a USD 87 million investment in expanding its flavor manufacturing facility in Karawang, Indonesia. Located in the Karawang International Industrial City, the facility meets rising regional demand for advanced flavor technologies, reinforcing IFF's commitment to enhancing production capabilities and market leadership in Southeast Asia
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Botanical Ingredients Market Scope
The market is segmented on the basis of product type, primary ingredients, application, ingredients source and ingredients form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Emulsifier
- Plant Oils
- Plant Colorants
- Fragrances
- Resin Extracts
- Plant Extracts
Primary Ingredients
- Fruits and Vegetables Extracts
- Grain Extracts
- Herbal Extracts
- Tea Extracts
- Floral Extracts
Application
- Food and Beverages
- Bakery and Confectionery
- Sauces and Dressings
- Energy Drinks
- Sports Drinks
- Functional Juices
- Dietary Supplements
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
Ingredients Source
- Herbs
- Leaves
- Spices
- Flowers
- Others
Ingredients Form
- Powder
- Liquid
Botanical Ingredients Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, product type, primary ingredients, application, ingredients source and ingredients form as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America is expected to dominate the botanical ingredients market, driven by rising demand for low-calorie, high-nutrition products. This trend is anticipated to persist over the forecast period, reflecting a strong consumer preference for healthier food choices and increasing awareness of the nutritional benefits offered by botanical ingredients.
Asia Pacific is expected to witness significant growth in the botanical ingredients market, driven by factors such as the rise of organized and e-commerce retail. Countries such as India, China, and Sri Lanka lead global tea production, while a variety of medicinal and non-medicinal botanicals such as amla, hibiscus, and ginger are extensively cultivated across the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Botanical Ingredients Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (U.S.)
- Boortmalt (Belgium)
- Indesso (Spain)
- Lipoid-Kosmetik (Germany)
- The Herbarie at Stoney Hill Farm, Inc. (U.S.)
- International Flavors& Fragrances, Inc. (Netherlands)
- Bell Flavors& Fragrances (France)
- Rutland Biodynamics Ltd. (Scotland)
- Prakruti Products Pvt. Ltd (India)
- AmbePhytoextractsPvt. Ltd. (Austria)
- The Green Labs LLC (Nethelands)
- Berje, Inc. (Italy)
- Umalaxmi Organics Pvt. Ltd. (India)
- DSM (Netherlands)
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