Botanical Extracts Market Size - By Sources, By Extraction Technology, By Form, By End Use, Industry Analysis, Share & Growth Forecast, 2025 - 2034

Botanical Extracts Market Size

The global botanical extracts market was estimated at USD 30 billion in 2024. The market is expected to grow from USD 32.3 billion in 2025 to USD 64.6 billion in 2034, at a CAGR of 8% according to latest report published by Global Market Insights Inc.

• The botanical extracts market is growing substantially, mainly because consumers are increasingly preferring natural and plant-based products. The growing health consciousness around the world motivates consumers to seek alternatives of synthetic ingredients. Consequently, this has led to more interest in botanical extracts as flavor and antioxidant agents providing therapeutic benefits in food and beverages, cosmetics, and dietary supplements.
   
• Botanic extracts are primarily natural origin products and contribute greatly to the benefits of health and well-being, partly delivering their functions through pharmacological activity. In cosmetics, their roles center on anti-aging, anti-inflammatory, and skin-soothing properties, hence serving a burgeoning demand for natural skin care. Botanicals are used in herbal medicine and in pharmaceutical and nutraceutical applications to stimulate the immune function, support digestion, and complement the general well-being of a person.
   
• In fact, botanical extracts can be used at almost all levels-from functional foods to dietary supplements to personal care formulations to even prepare all traditional medicines. Their versatility and the fact that they are naturally sourced give rise to a host of innovative formulations and product markets. Also, because of the rise in demand for clean-label products, there has been greater trendiness and increased demand from consumers for botanical ingredients, thereby giving motivation for manufacturers to increase levels of plant extracts in formulation.
   
• Asia Pacific is the largest market for botanical extracts due to advancement in technology and research facilities in China, India, Japan and other countries.
   
• North America is the fastest growing region for botanical extracts market, due to increasing usage in different sectors, the region can enhance its performance in this market in the coming years.
   

Botanical Extracts Market Trends

• Advances in technology and new extraction techniques like supercritical fluid extraction, enzyme-assisted extraction and green solvents have revolutionized yield and purity, promising sustainability at much-reduced costs and environmental effects. These changes make it possible for companies to deliver top-quality extracts, with potency and uniformity, meeting the increased requirements for natural ingredients.
   
• Regulatory environment shapes the market's potential. In fact, these include the EU Novel Food Regulation and the U.S. Dietary Supplement Health and Education Act. Governments and international agencies have very stringent regulations on safety, quality, and labelling which have bolstered consumer confidence and transparency.
   
• At the core of market growth is product innovation as companies concentrate more on finding novel formulations, functional ingredients and personalized solutions. For instance, innovations in adaptogenic herbs, multiple-ingredient formulations and extracts for health issues like immunity, cognitive health and skin care have been observed. Additionally, the growing demand for clean labels and organic products is expected to spur the development of minimally processed, sustainably sourced botanical extracts.
   

Botanical Extracts Market Analysis

Based on source, the market is segmented into spices & seasonings, herbs & medicinal plants, fruits & berries, flowers & petals, tea & coffee plants, leaves & foliage, roots & rhizomes, marine & algae.
 

• The source segmentation of botanical extracts displays a wide variety of raw materials each imparting characteristics and applications different from each other. The herbs & medicinal plants segment accounted for over 28.3% market share in 2024, with a CAGR 8.4% expected through 2034. This segment constitutes a higher share owing to the traditional usage of medicinal plants over extensive periods of time and increasing support from scientific research and regulatory approval. Some of the major herbs include turmeric, ginseng, echinacea, and ginkgo biloba with established therapeutic modes of action and due acceptance amongst the general population.
   
• The spices & seasonings are the second source segment with 18.1% revenue share in 2024 and is set to grow at a 8.2% CAGR through 2034, on account of their dual functions in dishes and medicine. This segment has the advantage of an established supply chain system, consistent quality standards and ever-increasing consumer orientation towards functional foods with traditional spices. Major spices like black pepper, cinnamon, cardamom & cloves bring flavor enhancement and health benefits across several applications.
   
• Fruits & berries have a market share of 15.8% in 2024, primarily due to high antioxidant properties and consumer perception of fruit-based health products. Included in this segment are grape seed extract, cranberry extract, and various berry concentrates that have well-established markets for nutraceuticals and functional beverages.
   

Based on extraction technology, the market is segmented into traditional extraction methods, supercritical fluid extraction, advanced solvent extraction, green extraction technologies, mechanical extraction methods.
 

• The segment of extraction technology showcases the development of the industry on highly sophisticated and environmentally sustainable processing mechanisms. The traditional methods carry the maximum share in the market, with 50.2% revenue in 2024, based on their well-established infrastructure, cost-effectiveness, and reliability for many applications. The methods include steam distillation, solvent extraction, and mechanical pressing, which constitute the bigger portion of commercial botanical extract production.
   
• The supercritical fluid extraction is the fastest-growing advanced technology segment with 7.8% CAGR through 2034. It allows one to obtain superior quality extracts with no residues of solvents. Further, the extraction process can be controlled with great precision. This makes technology a specific base for pharmaceutical and high-end cosmetic applications.
   
• Advanced solvent extraction techniques currently account for 15.1% of market share in 2025, including the most modern solvent recovery systems and the most optimized extraction protocols. The green extraction technologies accounted for 6.9% market share in 2024, with a CAGR of 7.3% expected through 2034.
   

Based on form, the market is segmented into dry powders, liquid extracts, soft extracts, encapsulated forms, oil-based extracts.
 

• The market segmentation on product forms reflects the requirements of the final consumer and variations in application preferences in industries. The major share of the market, which is 40.3%, belongs to dry powders in 2024. These possess advantages of in-storage stability, transport efficiency, and formulation flexibility. This is a very commonly used form in nutraceutical applications as these applications require highly standardized dosages and have a longer shelf-life requirement.
   
• Liquid extracts represent 30% of market share in 2024, they are used in applications that require immediate bioavailability and easy incorporation into liquid formulations. The form is applicable in beverage applications, liquid supplements, and cosmetic formulations where homogenous mixing is essential.
   
• Encapsulated forms accounted for 9.9% of the market in 2024, and improve stability, controlled release, and bioavailability of sensitive compounds. This form addresses oxidation, light, and taste masking issues in consumer products.
   

Based on end use industry, the market is segmented into nutraceuticals & dietary supplements, functional foods & beverages, pharmaceuticals & herbal medicine, cosmetics & personal care, food processing & preservation, animal feed & pet nutrition, industrial applications, others.
 

• From end use industry analysis, there is a broad landscape of applications that would drive demand for botanical extracts across various segments. In this regard, nutraceuticals and dietary supplements are the major end user, accounting for 34.6% of the total market share in 2024 and growing at a rate of 8.3% CAGR through 2034, due to increased spending on preventive healthcare and wellness products. Besides immune health, cognitive health, and cardiovascular health, this category includes general nutritional supplementation.
   
• The functional foods and beverages account for 24.4% of the market share with 7.9% CAGR through 2034, indicating that the integration of botanical extracts into food products is an everyday occurrence. This segment consists of functional beverages, fortified foods, and specialty nutrition products that combine conventional food appeal to manufacture health benefits. Growth is being driven by the consumer demand for food-based health solutions and endorsement of health claims made on functional foods by the respective regulatory bodies.
   
• Botanical drugs and the acceptance of herbal medicine are then obtaining 14.5% market share in 2024 in view of acceptability of the botanical pharmaceuticals and the integration of traditional medicine. This segment contains prescription botanical drugs, over-the-counter herbal medicines, and pharmaceutical intermediates from botanical sources. Cosmetics and personal care products hold steady share of the market, which constitutes an impact of the natural demand from consumers for beauty goods and antiaging formulations.
   

North America accounted for a decent share of the global botanical extracts market with 34.8% of the market share in 2024 and is set to register at 8.2% CAGR through 2034. The U.S. occupies maximum share in the region with a market size of USD 8.1 billion in 2024.
 

• The market for North American botanical extracts is estimated to be experiencing significant growth mainly due to the rise in consumer awareness towards natural and organic products. There is a greater demand for herbal supplements, functional foods, and beverages by health-conscious people. Strong regulations and advancements in technology involved in extraction processes that characterize the region are further boosting market development. Additionally, the booming beauty and personal care sector is providing potential usage of botanical ingredients that support the market's growth.
   

Europe botanical extracts market size exceeded USD 6 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
 

• Europe is a mature market for botanical extracts, particularly focused on organically and sustainably sourced products. Such conditions in the area are sustained by the strict regulations and high consumer preference for natural remedies and herbal medicines. Interest in clean-label products and functional foods with health benefits are among the major drivers. Well-established but promising industries dealing with herbs and pharmaceuticals also support the innovation and market expansion in Europe.
   

The Asia Pacific botanical extracts market is anticipated to grow at a CAGR of 8.1% during the analysis timeframe.
 

• Asia Pacific is the strongest region in terms of the botanical extract market due to the extensive traditional application of plant medicine and increasing urbanization. Major contributions from China, India, and Japan as rising consumer awareness of traditional and natural health-producing products keeps increasing. The massive growth opportunities are with the expanding cosmetic and personal care industries coupled with an increasing herbal supplement market. In addition, technological advancement has improved extraction and processing methodology, thus improving product quality and variety.
   

Latin America botanical extracts market accounted for 5.7% revenue share in 2024 and is anticipated to show lucrative growth over the forecast period.
 

• Latin America's botanical extract market is gaining momentum owing to rising consumer interest in natural health products and traditional medicine practices. Brazil and Mexico are the two biggest markets in herbal medicines, dietary supplements, and even functional foods. The richness in botanical diversity within the region is expected to present potential opportunities for developing innovative products. The increase in health and wellness awareness, and an increase in exports to the region, are other factors that will spur growth in the market.  
   

Middle East & Africa botanical extracts market accounted for 2.7% share in 2024 and is anticipated to show lucrative growth over the forecast period.
 

• Emerging growth in the botanical extract market in the MEA region is primarily driven by growing demand for natural healthcare products and herbal medicines. Traditional practice of using different forms of botanicals extract is rooted in the local culture thus maintaining the market. However, poor infrastructure and regulatory barriers limit further development. Disposable incomes are on the rise and the growing trend toward wellness is gradually expanding in the market focusing on natural cosmetics, dietary supplements, and herbal medicines.
   

Botanical Extracts Market Share

The top 5 companies in the botanical extracts industry include Givaudan SA, Symrise AG, IFF, Sensient Technologies, Synthite Industries. These are prominent companies operating in their respective regions covering 32% of the market share. These companies hold strong positions globally due to their experience in botanical extracts market. Their diverse product portfolios, backed by robust production capabilities and distribution networks, enable them to meet the rising demand across various regions.
 

• Givaudan is a world-leading company in flavors and fragrances, with a massive inclination toward botanical extracts. The firm's vast R&D capabilities and emphasis on natural and sustainable ingredients put it at a significant advantage within the botanical extracts market. Its global supply chain and acquisition strategy support procurement of high-quality botanicals, rendering the firm an unrivaled competitor in natural extract segments.
   
• Symrise is another key player in the flavor, fragrance, and active ingredient market, which also houses a range of botanical extraction at present. The company is an advocate for naturalness, health, and wellness, some key themes in the botanical extract industry. Symrise has invested heavily toward sustainable procurement and innovative extraction techniques to produce a wide range of superior botanical ingredients.
   
• IFF  is an important player in the natural flavor and fragrance market because it has concentrated significantly on botanical extracts. The business possesses massive R&D facilities which paved ways of developing proprietary extraction methodologies to give final touches to purity and potency of botanical ingredients.
   
• Sensient Technologies is a company that deals in colors, flavors, and ingredients, concentrating majorly on natural and botanical ingredients. The overarching emphasis by Sensient on natural extracts is indeed a reaction to the increase in the consumer preference for clean-label products.
   
• Synthite Group is one of the prominent players in the global botanical extract market and is highly appreciated for its focus on spice and herb extract. The company envisions extensive sustainable sourcing and eco-friendly extraction with the inclination that appeals to health-conscious and environmentally friendly consumers.
   

Botanical Extracts Market Companies

Major players operating in the botanical extracts industry include:

• Arjuna Natural
• Blue Sky Botanics
• Döhler GmbH
• Givaudan SA
• IFF
• Indena S.p.A.
• Kalsec Inc.
• Kerry Group plc
• Martin Bauer Group
• Nexira
• Ransom Naturals
• Sabinsa Corporation
• Sensient Technologies
• Symrise AG
• Synthite Industries

Botanical Extracts Industry News

• In July 2025, Sensient Technologies presents its Biosymphony flavor portfolio, which is their most recent introduction of natural flavorings. These flavors are authentic to their promise of delivering taste experiences while satisfying customer demand for additives that are natural and sustainable.
   
• In April 2025, Prinova Group acquired Aplinova, adding to its specialty ingredients and innovative solutions for the food, beverage and supplement industries. This acquisition aids Prinova's advancement in functional ingredients for growth and a larger array of high-quality, customized products for customers, thus enhancing the company's position as a leader in the global ingredients market.
   
• In February 2025, Sensient Technologies Corporation, a leading international supplier of colors and personal care applications, has taken over Biolie, a French company involved in the manufacture of raw materials with biotechnology for the development of natural cosmetic ingredients.
   
• In July 2024, GNT, Exberry Natural Colors' supplier, is now venturing into fermentation technology to produce its innovative ingredients. The aim is to facilitate the development of sustainable, clean-label color solutions via fermentation processes, thereby minimizing reliance on synthetic dyes. The development is further demonstration of GNT's commitment to green practices as well as consumer-preferred products based on natural, plant-derived, and functional ingredients in foods and drinks.
   

This botanical extracts market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Kilo Tons) from 2025 to 2034, for the following segments:

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Market, By Source

• Spices & seasonings
  • Capsicum & pepper extracts
  • Ginger & turmeric extracts
  • Other spice extracts
• Herbs & medicinal plants
  • Adaptogenic herbs (ashwagandha, ginseng)
  • Traditional medicinal herbs
  • Culinary & aromatic herbs
• Fruits & berries
  • Antioxidant-rich berry extracts
  • Citrus fruit extracts
  • Tropical & exotic fruit extracts
• Flowers & petals
  • Rose & floral extracts
  • Chamomile & calendula extracts
  • Other flower extracts
• Tea & coffee plants
  • Green tea & black tea extracts
  • Coffee cherry & bean extracts
  • Specialty tea extracts
• Leaves & foliage
  • Aloe vera & succulent extracts
  • Mint & aromatic leaf extracts
  • Other leaf extracts
• Roots & rhizomes
  • Ginseng & adaptogenic root extracts
  • Turmeric & ginger root extracts
  • Other root & rhizome extracts
• Marine & algae
  • Spirulina & chlorella extracts
  • Seaweed & kelp extracts
  • Other marine plant extracts

Market By Extraction Technology

• Traditional extraction methods
• Supercritical fluid extraction
• Advanced solvent extraction
• Green extraction technologies
• Mechanical extraction methods

Market By Form

• Dry powders
• Liquid extracts
• Soft extracts
• Encapsulated forms
• Oil-based extracts

Market By End Use Industry

• Nutraceuticals & dietary supplements
  • Capsules & tablets
  • Functional ingredient applications
  • Sports nutrition products
• Functional foods & beverages
  • Fortified foods
  • Health & energy drinks
  • Functional snacks & bars
• Pharmaceuticals & herbal medicine
  • Active pharmaceutical ingredients
  • Pharmaceutical excipients
  • Traditional & herbal medicine
• Cosmetics & personal care
  • Skincare products
  • Haircare applications
  • Color cosmetics & fragrances
• Food processing & preservation
  • Natural preservatives
  • Flavor enhancers
  • Natural colorants
• Animal feed & pet nutrition
  • Livestock feed additives
  • Pet supplements
  • Veterinary applications
• Industrial applications
  • Fragrances & aromatherapy
  • Cleaning products
  • Other industrial uses
• Others

The above information is provided for the following regions and countries:

• North America  
  • U.S.
  • Canada
• Europe  
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific  
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America  
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa  
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa