Botanical Extracts Market: By Source (Herbs, Tea Leaves, Flowers, and Spices), By Form (Liquid and Powder), By Application (Food, Sauces, Bakery and confectionery, Beverages, Carbonated Soft Drinks, Alcoholic Beverages, Flavored Dairy Products, Pharmaceutical, Cosmetic & Personal Care and Others) and Geography

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Botanical Extracts Market size was valued at USD 5.6 billion in 2022 and is poised to grow at a significant CAGR of 9.3% over 2023-2029. Some of the key factors influencing the market growth include a rise in awareness regarding the side-effects of synthetic flavors, an increase in the application of botanical extracts, growing awareness and health concerns among consumers, an increase in the demand for convenience food, a rise in the demand for convenience food and long shelf life of botanical extracts. However, the availability of substitutes and varying prices of herbs & spices are hampering the market growth. Many spices, nuts, fruits, herbs, and flowers, as well as certain flowers, are sold as extracts containing their fragrant constituents. certain of the most well-known examples of genuine extracts are almonds, cinnamon, cloves, ginger, lemon, nutmeg, orange, peppermint, pistachio, rose, spearmint, vanilla, violet, rum, and wintergreen. 

Botanical Extracts Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Botanical Extracts Market Dynamics

Botanical extracts are progressively becoming significant flavor in food industry due to their antimicrobial and antioxidant abilities that interrupt the development of off-flavors and enhance the color stability in ready-to-eat meat products. It provides a unique opportunity to provide emotive concepts and claims and really boost the value of cleaning formulations. Also, there is a growing application of botanical extracts in the beverage industry is one of the key market trends. Botanical extracts are used in the manufacturing of wine and beer. The need for botanical extracts as functional beer additives is high due to the demand for new beer flavors. It is also found its application in sauces, bakery & confectionery, carbonated soft drinks, flavored dairy products, pharmaceutical, cosmetic & personal care and others.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Botanical Extracts Market Segmentation

By Source
  • Herbs
  • Tea Leaves
  • Flowers
  • Spices
By Form
  • Liquid
  • Powder
By Application
  • Food
  • Sauces
  • Bakery & Confectionery
  • Beverages
  • Carbonated soft drinks
  • Alcoholic beverages
  • Flavored Dairy products
  • Pharmaceutical
  • Cosmetic & personal care
  • Others

Frequently Asked Questions

The botanical extracts market size was valued at USD 5.6 billion in 2022 and is poised to grow at a significant CAGR of 9.3% over 2023-2029

Frutarom Industries Ltd., Blue Sky Botanics Ltd, Indesso Aroma, Synergy Flavors, Kalsec Inc., Synthite Industries Ltd.

Asia Pacific is the fastest-growing region for botanical extracts market

  1. Executive Summary
  2. Global Botanical Extracts Market Introduction
    • Global Botanical Extracts Market Taxonomy
    • Global Botanical Extracts Market Definitions
      • By Source
      • By Form
      • By Application
  1. Global Botanical Extracts Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Botanical Extracts Market Dynamic Factors - Impact Analysis
    • Global Botanical Extracts Market Competition Landscape
  2. Global Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Botanical Extracts Market, By Source, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Herbs
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Tea Leaves
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Flowers
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Spices
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Botanical Extracts Market Forecast, By Form, 2018 - 2022 and Forecast, 2023 - 2029
    • Liquid
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Powder
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Botanical Extracts Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Food
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Sauces
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bakery & Confectionery
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Beverages
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Carbonated soft drinks
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Alcoholic beverages
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Flavored Dairy products
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceutical
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetic & personal care
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Botanical Extracts Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Region, 2023 - 2029
  2. North America Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Herbs
      • Tea Leaves
      • Flowers
      • Spices
    • Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Liquid
      • Powder
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food
      • Sauces
      • Bakery & Confectionery
      • Beverages
      • Carbonated soft drinks
      • Alcoholic beverages
      • Flavored Dairy products
      • Pharmaceutical
      • Cosmetic & personal care
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Country, 2023 - 2029
    • North America Botanical Extracts Market Dynamics Trends
  3. Europe Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Herbs
      • Tea Leaves
      • Flowers
      • Spices
    • Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Liquid
      • Powder
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food
      • Sauces
      • Bakery & Confectionery
      • Beverages
      • Carbonated soft drinks
      • Alcoholic beverages
      • Flavored Dairy products
      • Pharmaceutical
      • Cosmetic & personal care
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Country, 2023 - 2029
    • Europe Botanical Extracts Market Dynamics Trends
  4. Asia-Pacific Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Herbs
      • Tea Leaves
      • Flowers
      • Spices
    • Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Liquid
      • Powder
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food
      • Sauces
      • Bakery & Confectionery
      • Beverages
      • Carbonated soft drinks
      • Alcoholic beverages
      • Flavored Dairy products
      • Pharmaceutical
      • Cosmetic & personal care
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Country, 2023 - 2029
    • Asia-Pacific Botanical Extracts Market Dynamics Trends
  5. Latin America Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Herbs
      • Tea Leaves
      • Flowers
      • Spices
    • Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Liquid
      • Powder
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food
      • Sauces
      • Bakery & Confectionery
      • Beverages
      • Carbonated soft drinks
      • Alcoholic beverages
      • Flavored Dairy products
      • Pharmaceutical
      • Cosmetic & personal care
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Country, 2023 - 2029
    • Latin America Botanical Extracts Market Dynamics Trends
  6. Middle East and Africa Botanical Extracts Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Herbs
      • Tea Leaves
      • Flowers
      • Spices
    • Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Liquid
      • Powder
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food
      • Sauces
      • Bakery & Confectionery
      • Beverages
      • Carbonated soft drinks
      • Alcoholic beverages
      • Flavored Dairy products
      • Pharmaceutical
      • Cosmetic & personal care
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Botanical Extracts Market - Opportunity Analysis Index, By Source, Form, Application, and Country, 2023 - 2029
    • MEA Botanical Extracts Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Form & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Frutarom Industries Ltd.
      • Blue Sky Botanics Ltd
      • Indesso Aroma
      • Synergy Flavors
      • Kalsec Inc.
      • Synthite Industries Ltd.
      • Döhler GmbH
      • BI Nutraceuticals
      • Nutra Green Biotechnology Co., Ltd
      • Mb-Holding GmbH & Co. Kg
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Frutarom Industries Ltd.
  • Blue Sky Botanics Ltd
  • Indesso Aroma
  • Synergy Flavors
  • Kalsec Inc.
  • Synthite Industries Ltd.
  • Döhler GmbH
  • BI Nutraceuticals
  • Nutra Green Biotechnology Co., Ltd
  • Mb-Holding GmbH & Co. Kg

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