Botanical Extracts Market Analysis

Botanical Extracts Market Analysis

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Based on source, the market is fragmented into flowers, herbs, fruits, spices, tea leaves, and others. The herbs segment is anticipated to account for a significant industry share by 2032. Herbs are enriched with antioxidants and possess anti-inflammatory, antimicrobial, and antiseptic properties, making them a preferred choice across a wide range of cosmetic applications. The accelerating shift towards organic and herbal health and beauty products may drive the segmental revenue. 
 

Based on form, the botanical extracts market is bifurcated into powder and liquid segments. The powder segment is projected to depict over 7% CAGR during the forecast timeframe and record a valuation worth more than USD 7 billion by 2032. Powdered botanical extracts boost the bioactive phytochemical concentration of the original herb, making them ideal for use in cosmetics and personal care products. Besides, the beneficial impacts on skin and hair will bolster the product demand.
 

In terms of application, the market share from cosmetics & skincare applications is likely to expand at over 7% CAGR between 2024 and 2032 due to rising consumer preference for natural and plant-based ingredients in beauty products. Consumers are increasingly seeking safer, chemical-free options that offer benefits like anti-aging, hydration, and skin brightening, driving the demand for botanical extracts like aloe vera, chamomile, and green teas. 
 

Asia Pacific botanical extracts market is expected to be worth over USD 4 billion by 2032, owing to the increasing inclination towards a healthy lifestyle and the subsequent rise in the utilization of natural organic products. Also, the proliferating food & beverages industry, coupled with the improving economic outlook will drive product demand across the region.