Summary
The herb extract market was valued at $8,189.71 million in 2023 and is estimated to reach $23,772.13 million by 2035, exhibiting a CAGR of 9.27% from 2024 to 2035.
Herb extracts are concentrated preparations made from plants in which solvents like water, alcohol, or oils are used to extract the bioactive ingredients. The herbal extracts are valued for their medicinal, nutritional, cosmetic and fragrant qualities, which make them an essential component of a variety of sectors, including pharmaceuticals, nutraceuticals, cosmetics, personal care, food and drink, and others.
The global herb extract market is significantly driven by the rising demand for plant-based pharmaceuticals and nutraceuticals. As consumers become more conscious of the long-term effects of synthetic chemicals in food, medicine, and cosmetics, there is a clear shift toward botanical alternatives. This growing awareness has fueled the acceptance of herbal extract-based products, particularly in mainstream wellness routines, where traditional medical systems and their holistic benefits are gaining renewed recognition.
Additionally, the increasing prevalence of chronic, lifestyle-related conditions such as obesity, diabetes, and stress-related disorders has encouraged individuals to seek preventive care through herbal supplements and functional foods—further boosting demand for herb extracts.
Technological advancements in extraction and formulation are also playing a pivotal role in the growth of the herbal extract industry. Innovations such as ultrasound-assisted extraction and supercritical fluid extraction have improved the effectiveness, stability, and bioavailability of herbal compounds. These improvements enable manufacturers to produce high-potency, standardized extracts suitable for use in a wide range of applications, including pharmaceuticals, nutraceuticals, and personal care products.
The growing emphasis on personalized wellness and nutrition is opening new avenues for customized herbal treatments. Strategic collaborations between herbal extract producers, pharmaceutical companies, and nutraceutical firms are also driving market expansion, ensuring quality control and a sustainable supply chain.
In the realm of personal care, herbal cosmetics have gained prominence for their ability to nourish and rejuvenate the skin. Rich in natural anti-inflammatory, antioxidant, and antibacterial properties, these products offer effective solutions for conditions like acne, eczema, and dryness. Herbal moisturizers, cleansers, and toners help maintain the skin’s pH balance, reduce inflammation, and promote a healthy glow. As self-care and holistic wellness continue to gain importance, herbal cosmetics stand out as a trusted, natural alternative to conventional beauty solutions.
The herb extract market is segmented into application, type, and region. By application, it is categorized into pharmaceutical, nutraceutical & dietary supplement, cosmetics & personal care, and others. By type, the market is fragmented into turmeric (Curcuma longa Linn), ginger (Zingiber officinale Roscoe), Indian pennywort (Centella asiatica), aloe (Aloe vera (L.) Burm.f.), Fah Talai Jone (Andrographis paniculata), Indian gooseberry (Phyllanthus emblica L.), Krachai Dum (Kaempferia parviflora), Krathom (Mitragyna speciosa), and others.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global herb extract market are International Flavors and Fragrances Inc., Givaudan, Symrise, Kerry Group Plc, ADM, Synthite Industries Ltd., Kalsec Inc., Kangcare Bioindustry Co. Ltd., Carbery Group Plc, and Botanic Healthcare.
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Key Market Segments
By Type
● Turmeric or Curcuma Longa Linn
● Ginger or Zingiber Officinale Roscoe
● Indian Pennywort or Centella Asiatica
● Aloe or Aloe Vera L.Burm.f.
● Fah Talai Jone or Andrographis Paniculata
● Indian Gooseberry or Phyllanthus emblica L.
● Krachai Dum or Kaempferia Parviflora
● Krathom or Mitragyna Speciosa
● Others
By Application
● Pharmaceutical
● Nutraceutical and Dietary Supplement
● Cosmetics and Personal Care
● Others
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ Japan
○ China
○ India
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Brazil
○ Saudi Arabia
○ South Africa
○ Rest of LAMEA
● Key Market Players
○ Carbery Group plc
○ Kalsec Inc.
○ Givaudan
○ Synthite Industries Limited
○ Kerry Group plc
○ Symrise AG.
○ International Flavors & Fragrances Inc. IFF
○ Archer-Daniels-Midland Company
○ Botanic Healthcare Pvt. Ltd.
○ Kangcare Bioindustry Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in preference for natural and plant-based products
3.4.1.2. Expansion of the Cosmetics and Personal Care Industry
3.4.1.3. Rise in demand for herb extract in pharmaceutical and nutraceutical sectors
3.4.2. Restraints
3.4.2.1. Challenges in Ensuring Quality and Uniformity of Herbal Extracts
3.4.3. Opportunities
3.4.3.1. Growth opportunities in emerging markets
CHAPTER 4: HERB EXTRACT MARKET, BY APPLICATION
4.1. Overview
4.1.1. Market size and forecast
4.2. Pharmaceutical
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Nutraceutical and Dietary Supplement
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Cosmetics and Personal Care
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: HERB EXTRACT MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Turmeric or Curcuma Longa Linn
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Ginger or Zingiber Officinale Roscoe
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Indian Pennywort or Centella Asiatica
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Aloe or Aloe Vera L.Burm.f.
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Fah Talai Jone or Andrographis Paniculata
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
5.7. Indian Gooseberry or Phyllanthus emblica L.
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market share analysis by country
5.8. Krachai Dum or Kaempferia Parviflora
5.8.1. Key market trends, growth factors and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market share analysis by country
5.9. Krathom or Mitragyna Speciosa
5.9.1. Key market trends, growth factors and opportunities
5.9.2. Market size and forecast, by region
5.9.3. Market share analysis by country
5.10. Others
5.10.1. Key market trends, growth factors and opportunities
5.10.2. Market size and forecast, by region
5.10.3. Market share analysis by country
CHAPTER 6: HERB EXTRACT MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Application
6.2.3. Market size and forecast, by Type
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Application
6.2.4.1.2. Market size and forecast, by Type
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Application
6.2.4.2.2. Market size and forecast, by Type
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Application
6.2.4.3.2. Market size and forecast, by Type
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Application
6.3.3. Market size and forecast, by Type
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Application
6.3.4.1.2. Market size and forecast, by Type
6.3.4.2. France
6.3.4.2.1. Market size and forecast, by Application
6.3.4.2.2. Market size and forecast, by Type
6.3.4.3. UK
6.3.4.3.1. Market size and forecast, by Application
6.3.4.3.2. Market size and forecast, by Type
6.3.4.4. Italy
6.3.4.4.1. Market size and forecast, by Application
6.3.4.4.2. Market size and forecast, by Type
6.3.4.5. Spain
6.3.4.5.1. Market size and forecast, by Application
6.3.4.5.2. Market size and forecast, by Type
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Application
6.3.4.6.2. Market size and forecast, by Type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Application
6.4.3. Market size and forecast, by Type
6.4.4. Market size and forecast, by country
6.4.4.1. Japan
6.4.4.1.1. Market size and forecast, by Application
6.4.4.1.2. Market size and forecast, by Type
6.4.4.2. China
6.4.4.2.1. Market size and forecast, by Application
6.4.4.2.2. Market size and forecast, by Type
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by Application
6.4.4.3.2. Market size and forecast, by Type
6.4.4.4. Australia
6.4.4.4.1. Market size and forecast, by Application
6.4.4.4.2. Market size and forecast, by Type
6.4.4.5. South Korea
6.4.4.5.1. Market size and forecast, by Application
6.4.4.5.2. Market size and forecast, by Type
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Application
6.4.4.6.2. Market size and forecast, by Type
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Application
6.5.3. Market size and forecast, by Type
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Application
6.5.4.1.2. Market size and forecast, by Type
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market size and forecast, by Application
6.5.4.2.2. Market size and forecast, by Type
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by Application
6.5.4.3.2. Market size and forecast, by Type
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Application
6.5.4.4.2. Market size and forecast, by Type
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. International Flavors & Fragrances Inc. IFF
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.2. Givaudan
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. Symrise AG.
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.4. Kerry Group plc
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.5. Archer-Daniels-Midland Company
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.6. Synthite Industries Limited
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. Kalsec Inc.
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.8. Kangcare Bioindustry Co., Ltd.
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. Carbery Group plc
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. Botanic Healthcare Pvt. Ltd.
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
