Herbal Extracts Market size is estimated to be USD 23.5 Billion in 2024 and is expected to reach USD 45.2 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The global herbal extracts market was valued at approximately USD 22.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2030. The increasing demand for natural and organic ingredients across various industries, including food & beverages, pharmaceuticals, and personal care, is driving the markets growth. The rising consumer preference for plant based products due to their health benefits, coupled with growing awareness about the harmful effects of synthetic chemicals, is further contributing to the growth of the market. By 2030, the market size is projected to reach around USD 48.5 billion, presenting significant growth opportunities for key stakeholders in the herbal extracts industry. Regionally, the Asia Pacific (APAC) region holds the largest share of the herbal extracts market, accounting for more than 35% of the market in 2022. This region benefits from the rich history of traditional medicine, particularly in countries like India and China, where herbal remedies have been widely used for centuries. North America and Europe follow closely in market share, with North America expected to grow at a substantial CAGR due to increasing consumer demand for herbal supplements and natural products. The European market is also expanding as consumers show a preference for clean label products. Meanwhile, the Latin American and Middle East & Africa regions are anticipated to witness significant growth in the coming years, owing to the rising awareness of herbal products and their benefits in these regions.
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Martin Bauer
Indena
Euromed
Naturex
Bio-Botanica
Maypro
Sabinsa
Pharmchem (Avocal Inc.)
Natural
Xi’an Shengtian
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Herbal Extracts Market
Herbal Powder Extracts
Herbal Liquid Extracts
Herbal Dry Extracts
Pharmaceuticals
Food and Beverages
Cosmetics and Personal Care
Dietary Supplements
Capsules
Tablets
Syrups
Powders
Creams
Herbs
Flowers
Roots
Seeds
Leaves
Solvent Extraction
Cold Press Extraction
Steam Distillation
Supercritical Fluid Extraction
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Herbal Extracts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Herbal Extracts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Herbal Extracts Market, By Type
6. Global Herbal Extracts Market, By Application
7. Global Herbal Extracts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Herbal Extracts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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