What is Global Herbal Extracts Market?
The Global Herbal Extracts Market is a vast and dynamic sector that encompasses a wide range of natural plant-derived extracts. These extracts, derived from various herbs like garlic, basil, soy, marigold, aloe vera, licorice, reishi, and others, are used in numerous industries due to their medicinal and therapeutic properties. The extraction process involves isolating the beneficial elements of these herbs, resulting in a concentrated form that is rich in the plant's active ingredients. These extracts are then used in various products, ranging from dietary supplements to cosmetics, offering a natural and holistic approach to health and wellness. The global market for these extracts is continually expanding, driven by increasing consumer awareness about the benefits of natural products and a growing preference for organic and non-synthetic alternatives.
Garlic, Basil, Soy, Marigold, Aloe Vera, Licorice, Reishi, Others in the Global Herbal Extracts Market:
The use of herbal extracts is not limited to the health and wellness industry. They are also extensively used in the nutrition, food and beverage, pharmaceutical, personal care/cosmetic, and flavor industries. In the nutrition sector, these extracts are used to enhance the nutritional profile of various products, providing a natural source of vitamins, minerals, and other essential nutrients. In the food and beverage industry, they are used as natural flavorings and colorings, adding a unique taste and visual appeal to a wide range of products. The pharmaceutical industry uses these extracts in the formulation of various drugs and medicines, leveraging their medicinal properties to treat various ailments. In the personal care and cosmetic industry, these extracts are used in the formulation of a wide range of products, from skincare to hair care, offering a natural and chemical-free alternative to synthetic ingredients. Lastly, in the flavor industry, these extracts are used to create natural and unique flavors, catering to the evolving taste preferences of consumers.
Nutrition, Food and Beverage, Pharmaceutical Industry, Personal Care/Cosmetic, Flavor in the Global Herbal Extracts Market:
The global Herbal Extracts market has shown significant growth in recent years. In 2022, the market was valued at US$ 6061 million and is projected to reach US$ 7472.7 million by 2029. This represents a compound annual growth rate (CAGR) of 3.0% during the forecast period from 2023 to 2029. The market's growth can be attributed to the increasing consumer preference for natural and organic products, coupled with the growing awareness about the health benefits of herbal extracts. Despite the market's fragmentation, the top five global players hold a share of about 8%, indicating a competitive market landscape. The market's growth trajectory suggests a promising future for the herbal extracts industry, with ample opportunities for new and existing players to expand their market presence.
| Report Metric | Details |
| Report Name | Herbal Extracts Market |
| Accounted market size in 2022 | US$ 6061 in million |
| Forecasted market size in 2029 | US$ 7472.7 million |
| CAGR | 3.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Martin Bauer, Indena, Euromed, Naturex, Bio-Botanica, Maypro, Sabinsa, Pharmchem (Avocal Inc.), Natural, Xi’an Shengtian |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
