Market Research Report

Global Botanical Ingredients Market Research Report: Forecast (2024-30)

Botanical Ingredients Market Report - By Source (Herbs, Spices, Flowers, Leaves & Seeds, Others), By Form (Powder/Raw, Liquid), By Extraction (CO2 Extraction, Solvent Extraction, S...team Distillation, Enfleurage, Others), By Product (Emulsifier, Plant oils, Plant colorants, Fragrances, Resin extracts, Plant extracts, Others), By Primary Ingredients (Fruit & Vegetable extracts, Drain Extracts, Herbal Extracts, Floral Extracts, Others), By Application (Food & Beverages [Bakery & Confectionery, Sauces & Dressings, Energy Drinks, Sports Drinks, Functional Juices], Dietary Supplements, Pharmaceutical and Nutraceutical, Cosmetics & Personal Care, Others), By Distribution Channel (Offline [Supermarkets/Hypermarkets, Convenience Stores, Specialty Bakery/Stores], Online), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Archer Daniels Midland Company, AmbePhytoextractsPvt. Ltd., Bell Flavors & Fragrances, Botanical Ingredients Ltd., Blue Sky Botanics, Berje, Inc., Döhler GmbH, Fytosan (Die, France), Givaudan, Green Labs LLC, Haldin Natural, Indesso, International Flavors& Fragrances, Inc., Kalsec Inc., Koninklijke Euroma BV, Lipoid Kosmetic AG, Martin Bauer Group, Nexira, Nutrasorb, LLC, Prakruti Products Pvt. Ltd., Rutland Biodynamics Ltd., Synthite Industries, Synergy Flavors, The Herbarie at Stoney Hill Farm, Inc., Umalaxmi Organics Pvt. Ltd, Others) Read more

  • Food & Beverages
  • Nov 2023
  • 178
  • PDF, Excel, PPT

Market Definition

Botanical ingredients are obtained from plants and are treasured mainly for their applications like flavor & aroma, healing, therapeutic, and other natural properties. These components are present in a huge variety and are procured from spices, herbs, vegetables, and fruits, among others, offering a comprehensive product range. They are derived from plant leaves, roots, flowers, and stems, containing nutrients such as bioactive compounds. Due to their high enrichment in terms of nutrients, these ingredients are popularly used for their biological & medicinal effects.

Market Insights & Analysis: Global Botanical Ingredients Market (2024-30)

The Global Botanical Ingredients Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2024-30. The market is driven by the growing health consciousness among individuals and their swift inclination toward functional foods, demonstrating a mounting demand for botanical ingredients. As the trends of eating clean-label products & sustainable ingredients are upscaling rapidly, a spike in demand for these ingredients is witnessed across the world. The same aspect is instigating several prominent players to increase their production & distribution capacities and cater to the rising requirements worldwide.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.5%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia, Rest of Europe
Asia-Pacific: India, China, Japan, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Archer Daniels Midland Company, AmbePhytoextractsPvt. Ltd., Bell Flavors & Fragrances, Botanical Ingredients Ltd., Blue Sky Botanics, Berje, Inc., Döhler GmbH, Fytosan (Die, France), Givaudan, Green Labs LLC, Haldin Natural, Indesso, International Flavors& Fragrances, Inc., Kalsec Inc., Koninklijke Euroma BV, Lipoid Kosmetic AG, Martin Bauer Group, Nexira, Nutrasorb, LLC, Prakruti Products Pvt. Ltd., Rutland Biodynamics Ltd., Synthite Industries, Synergy Flavors, The Herbarie at Stoney Hill Farm, Inc., Umalaxmi Organics Pvt. Ltd, Other.
Unit Denominations USD Million/Billion

 

Moreover, fresh flowers are usually used to decorate homes & offices and are also utilized in the production of cosmetics, natural dyes, medicines, etc. This flower segment is anticipated to have the fastest growth during projected years. The herbs-based components are also gaining attention globally due to their health benefits, such as the maintenance of hormones & enhancement of the functioning of metabolism & immune system. It is particularly seen across the food & beverages industry owing to these ingredients offering a refreshing & premium touch to the existing formulations & cuisines. Such shift in food preferences is demonstrating a frequent usage of botanical ingredients in various applications like bakery & dairy products, energy drinks, beverages, cereals, etc. Hence, such a rise in the utilization of botanical ingredients is set to have a positive effect on the industry across locations.

Besides, the pandemic has projected opportunities for botanical ingredients, demonstrating a surge in demand. During the initial phase of the crisis, hospitals like Traditional Chinese Medicine (TCM) augmented the need for traditional medicines & recommended the usage of herbs to address the virus. Hence, these ingredients were used in various dietary supplements associated with joint health, anxiety, obesity, and the vascular system. Furthermore, the consumer preference for an active & healthy lifestyle boosted the demand for botanical ingredients & might prevail in the coming years. Various names, such as Homeopathy, Ayurveda, and Siddha, are gaining attention, therefore enhancing the demand for plant-base.


Global Botanical Ingredients Market Research Report: Forecast (2024-30)

Global Botanical Ingredients Market Drivers:

Surging Consumer Health Consciousness Leads to Market Growth – Growing global health consciousness is driving a surge in demand for botanical ingredients. These natural components find applications across various sectors like pharmaceuticals, food, and beverages. Their diverse properties cater to treating various disorders, from skin ailments to hormone regulation and bolstering immunity. Modern consumers increasingly prioritize natural ingredients over synthetic chemicals due to their medicinal advantages, thus amplifying the demand for botanical ingredients.

Global Botanical Ingredients Market Possible Restraint:

Fluctuation in Cost of raw material to Create a Challenge for the Market – The changes in weather conditions and various environmental factors frequently lead to fluctuations in raw material prices. These fluctuations impact plant and herb cultivation, consequently raising the production costs of products. Ensuring standardization and quality control of raw materials, particularly from diverse regions and suppliers, poses a significant challenge for the Botanical Ingredients Market.

Global Botanical Ingredients Market as Growth Opportunity:

Increasing Urbanization & Improved Living Standards Provide an Opportunity For the Industry – The adoption of botanical ingredients is anticipated to grow significantly over the projected years due to the instigation of urbanization and consumers' increased buying power. As consumers are becoming more aware & more interested in natural ingredients due to their benefits, they are driving the growth of the Global Botanical Ingredients Market. The population of urban areas possesses a busy lifestyle and high disposable incomes, which aid health consciousness.

These days, people are worried about their health, which results in the increasing adoption of botanical ingredients in their daily lives. These natural components are eco-friendly and have a good impact on the consumer's health. These botanical ingredients are also helpful in reducing stress, anxiety, and hormonal maintenance. Due to possessing no side effects & having health benefits, the demand & adoption of botanical is surging globally, leading to the Global Botanical Ingredients Market expansion.

Global Botanical Ingredients Market (2024-30): Segmentation Analysis

The Botanical Ingredients Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global level. In accordance to the analysis, the market has been further classified as:

Based on Form:

  • Powder/Raw
  • Liquid

Powdered/Raw form acquired the largest share of the Global Botanical Ingredients Market in recent years and is anticipated to prevail in the same trend during the forecast period. This dominance attributes to its expansive applicability in food & beverages like bakery, confectionery, sauces, seasonings, meat, and dairy products. Besides, the powdered ingredients also project comprehensive relevance in producing dietary supplements & formulating active ingredients. In addition, since powdered botanical ingredients have a relatively long shelf life owing to their concentrated nature, more people prefer using these products, thus stimulating the demand.

Moreover, increasing health consciousness among people and their inclination toward powdered/raw ingredients is instigating the leading players to introduce novel food products and strategically expand their product portfolios to cater to the massive consumer base. Additionally, the raw forms of the ingredients also cater to enhancing the palatability of food, beverage, and preservatives, owing to which, different industries are preferring powders/raw forms.

Based on the Application:

  • Food & Beverages
    • Bakery & Confectionary
    • Sauces & Dressings
    • Energy Drinks
    • Sports Drinks
    • Functional Juices
  • Dietary Supplements
  • Pharmaceutical & Nutraceuticals
  • Cosmetics & Personal Care

Food & Beverages are anticipated to dominate the Global Botanical Ingredients Market with the largest share during the forecast period. It owes principally to the growing consumer preference toward using these ingredients in their diet, instigating greater food experimentations by different food & beverage manufacturers. Neverthelass, the emergence of trends like the emphasis on clean-label foods & "better-for-you" beverages are also augmenting the demand for botanical ingredients to introduce a variety of products in the market for diverse consumer taste preferences.

In addition, increasing disposable income is also attracting a substantial consumer base for organic & natural ingredients-based food & beverages, thereby demonstrating immense applicability across the industry. For example, the popularity of botanical ingredients for herbal tea has gained a substantial consumer base across the world, further generating growth opportunities for the leading players to increase their production & distribution capacities to cater to the burgeoning demands.

Global Botanical Ingredients Market: Regional Projection

Geographically, the market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

Asia-Pacific is anticipated to demonstrate the fastest market growth during the projected period. This growth is attributed to the swift expansion of the nutraceutical industry, augmenting the demand for botanical ingredients for cereals, soups, medicines, and more. Countries like India, China, Japan, South Korea, and Indonesia, among others, are the prominent markets for these ingredients across the region. The exponentially growing population, improving purchasing power, and their mounting health consciousness are influencing the demand for natural & clean label products like botanical ingredients. It, in turn, is triggering the leading players to widen their product offerings associated with these ingredients and offer an expansive range of food & beverages, pharmaceuticals, dietary supplements, and cosmetics, among others, and cater to the burgeoning demands throughout the region.

Moreover, with the swift development of online platforms for retail, many manufacturers across the region are making a paradigm shift to these platforms to expand their consumer base & reachability across locations. It, in turn, would have a positive influence across the Asia-Pacific Botanical Ingredients Market through 2030.

Botanical Ingredients Industry Recent Developments

  • 2023: Neltium signed a partnership with three new global distribution channels to deliver its clinically researched and botanical extracts.
  • 2023: Seppic and Botalys entered into a partnership for the new botanical cosmetic ingredients distribution.

Gain a Competitive Edge with Our Global Botanical Ingredients Market Report

  • Global Botanical Ingredients Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Botanical Ingredients Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Global Botanical Ingredients Market is expected to grow at a CAGR of around 5.5% during 2024-30.

   A. The increasing number of health-conscious people is expected to drive the Global Botanical Ingredients Market during 2024-30.

   A. Archer Daniels Midland Company, AmbePhytoextractsPvt. Ltd., Bell Flavors & Fragrances, Botanical Ingredients Ltd., Blue Sky Botanics, Berje, Inc., Döhler GmbH, Fytosan (Die, France), Givaudan, Green Labs LLC, Haldin Natural, Indesso, International Flavors& Fragrances Inc., Kalsec Inc., Koninklijke Euroma BV, Lipoid Kosmetic AG, Martin Bauer Group, Nexira, Nutrasorb LLC, Prakruti Products Pvt. Ltd., Rutland Biodynamics Ltd., Synthite Industries, Synergy Flavors, The Herbarie at Stoney Hill Farm Inc., Umalaxmi Organics Pvt. Ltd, and Others, are the top companies in Botanical Ingredients Market.

   A. Powdered/Raw forms are the leading segments in the Botanical Ingredients Market.

   A. The clean-label products are the key trend shaping the growth of the Botanical Ingredients Market.

   A. The surging urbanization & improving consumers purchasing power are expected to be the potential opportunities in the Global Botanical Ingredients Market through 2030.

   A. The high cost of raw materials is affecting the growth of the Botanical Ingredients Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Global Botanical Ingredients Market Trends & Insights
  5. Global Botanical Ingredients Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Botanical Ingredients Market Regulations & Policies
  7. Global Botanical Ingredients Market Supply Chain Analysis
  8. Global Botanical Ingredients Market Hotspots & Opportunities
  9. Global Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Source
        1. Herbs
        2. Spices
        3. Flowers
        4. Leaves & Seeds
        5. Others
      2. By Form
        1. Powder/Raw
        2. Liquid
      3. By Extraction
        1. CO2 Extraction
        2. Solvent Extraction
        3. Steam Distillation
        4. Enfleurage
        5. Others
      4. By Product
        1. Emulsifier
        2. Plant oils
        3. Plant colorants
        4. Fragrances
        5. Resin extracts
        6. Plant extracts
        7. Others
      5. By Primary Ingredients
        1. Fruit & Vegetable extracts
        2. Drain Extracts
        3. Herbal Extracts
        4. Floral Extracts
        5. Others
      6. By Application
        1. Food & Beverages
          1. Bakery & Confectionery
          2. Sauces & Dressings
          3. Energy Drinks
          4. Sports Drinks
          5. Functional Juices
        2. Dietary Supplements
        3. Pharmaceutical and Nutraceutical
        4. Cosmetics & Personal Care
        5. Others
      7. By Distribution Channel
        1. Offline
          1. Supermarkets/Hypermarkets
          2. Convenience Stores
          3. Specialty Bakery/Stores
        2. Online
      8. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      9. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
  10. North America Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Source
      2. By Type
      3. By Extraction
      4. By Product
      5. By Primary ingredients
      6. By Application
      7. By Distribution Channel
      8. By Country
        1. The US
        2. Canada
        3. Mexico
        4. Rest of North America
    3. The US Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    4. Canada Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    5. Mexico Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
  11. South America Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Source
      2. By Type
      3. By Extraction
      4. By Product
      5. By Primary ingredients
      6. By Application
      7. By Distribution Channel
      8. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    4. Argentina Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
  12. Europe Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Source
      2. By Type
      3. By Extraction
      4. By Product
      5. By Primary Ingredients
      6. By Application
      7. By Distribution Channel
      8. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    3. Germany Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    4. The UK Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    5. France Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    6. Italy Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    7. Spain Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    8. Russia Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
  13. The Middle East & Africa Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Source
      2. By Type
      3. By Extraction
      4. By Product
      5. Primary ingredients
      6. By Application
      7. By Distribution Channel
      8. By Country
        1. UAE
        2. South Africa
        3. Rest of Middle East & Africa
    3. The UAE Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    4. South Africa Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
  14. Asia-Pacific Botanical Ingredients Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Source
      2. By Type
      3. By Extraction
      4. By Product
      5. Primary ingredients
      6. By Application
      7. By Distribution Channel
      8. By Country
        1. India
        2. China
        3. Japan
        4. Australia
        5. Rest of Asia-Pacific
    3. India Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    4. China Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    5. Japan Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
    6. Australia Botanical Ingredients Market Outlook, 2019-2030F
      1. Market Size and Analysis
        1. By Revenues in USD Million
      2. Market Share and Analysis
        1. By Type
        2. By Application
  15. Global Botanical Ingredients Market Key Strategic Imperatives for Growth & Success
  16. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End-users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Archer Daniels Midland Company
      2. AmbePhytoextractsPvt. Ltd.
      3. Bell Flavors & Fragrances
      4. Botanical Ingredients Ltd.
      5. Blue Sky Botanics
      6. Berje, Inc.
      7. Döhler GmbH
      8. Fytosan (Die, France)
      9. Givaudan
      10. Green Labs LLC
      11. Haldin Natural
      12. Indesso
      13. International Flavors& Fragrances, Inc.
      14. Kalsec Inc.
      15. Koninklijke Euroma BV
      16. Lipoid Kosmetic AG
      17. Martin Bauer Group
      18. Nexira
      19. Nutrasorb, LLC
      20. Prakruti Products Pvt. Ltd.
      21. Rutland Biodynamics Ltd.
      22. Synthite Industries
      23. Synergy Flavors
      24. The Herbarie at Stoney Hill Farm, Inc.
      25. Umalaxmi Organics Pvt. Ltd
      26. Others
  17. Disclaimer


Botanical Ingredients Market Segmentation