HomePress-release

Redding, California - October 14, 2024

Botanicals Market to Reach $24.97 Billion by 2031

Botanicals Market Size, Share, Forecast, & Trends Analysis by Product (Garlic Extract, Turmeric Extract, Tea Tree Oil, Peppermint Oil, Lemon Oil), Form (Powder, Liquid), Nature (Organic), Application (Food & Beverages, Cosmetics)—Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Botanicals Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the Botanicals market is expected to reach $24.97 billion by 2031, at a CAGR of 9.0% from 2024 to 2031.

The growth of the botanicals market is experiencing growth due to the rising demand for botanicals in the food and beverage sector, increased consumer awareness regarding the health benefits of botanical extracts, expansion within the cosmetics and personal care industries, and an increasing preference for natural and organic products. However, this growth is restrained by factors such as volatility in raw material prices, the widespread availability of synthetic alternatives, and issues related to standardization and quality consistency.

In addition, regulatory support and a growing demand for vegan beauty products present significant opportunities for the players operating in this market. Furthermore, the rising adoption of clean-label products and an increasing awareness of health and wellness are prominent trends shaping the botanicals market.

Key Players:

The botanicals market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the botanicals market are International Flavors & Fragrances (U.S.), MB-Holding GmbH & Co. K.G. (Germany), Givaudan SA (Switzerland), Bell Flavors& Fragrances (U.S.), Synergy Flavors (U.S.), Blue Sky Botanics Ltd. (U.K.), Dohler GmbH (Germany), Synthite Industries Ltd. (India), Cargill, Incorporated (U.S.), Kalsec Inc. (U.S.), Nexira (U.S.), Botanical Ingredients Ltd. (Australia), Lipoid Kosmetic AG (Switzerland), and Nutra Green Biotechnology Co., Ltd. (China).

The botanicals market is segmented based on product type and distribution channel. This study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the product studied in this report, the garlic extract segment is anticipated to hold the dominant position, with a share of 30—35% of the market in 2024. This segment's significant market share is primarily driven by its diverse medicinal properties, including support for cardiovascular health, enhancement of the immune system, and anti-inflammatory effects. Furthermore, its broad applications across the food and beverage, cosmetics, and pharmaceutical industries, along with its strong antimicrobial properties, contribute significantly to market growth.

Among the form studied in this report, the powder segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2024. This segment's significant market share is attributed to its versatility in applications, allowing for seamless integration into various formulations. Its cost-effectiveness, resulting from straightforward production processes, coupled with a comprehensive range of active components, further enhances its appeal in the market.

Among the nature studied in this report, the non-organic segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2024. This segment's significant market share is largely due to the widespread availability of non-organic botanical extracts, as many companies offer these products without organic certifications. Additionally, a large base of cost-conscious consumers who prioritize price over organic certification—especially when the perceived health benefits of non-organic botanicals are viewed as comparable to those of their organic counterparts—further drives market growth.

Among the application studied in this report, the cosmetics and personal care segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2024. This segment's significant market share is driven by the expansive global cosmetics and personal care industry and a growing consumer preference for natural and organic ingredients.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Poland, Belgium, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.

Among the geographies studied in this report, Europe is anticipated to hold the dominant position, with aa share of 35.8% of the market in 2024, followed by North America and Asia-Pacific. North America's botanicals market is estimated to be worth USD 4.64 billion in 2024. The significant share of this regional market is driven by several key factors, including increased awareness of natural and organic products, increased consumer spending on health and wellness items, stringent regional regulations governing the use of synthetic ingredients across various industries, and the widespread adoption of natural ingredients in personal care and cosmetics.

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of botanicals?
At what rate is the global demand for botanicals projected to grow for the next five to seven years?
What is the historical market size and growth rate for the botanicals market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product, form, nature, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the botanicals market?
Who are the major players in the botanicals market? What are their specific product offerings in this market?
What recent developments have taken place in the botanicals market? What impact have these strategic developments created on the market?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

3D Printing

5G Technology

Advanced Chemical & Materials

Agrochemicals

Algae Products

Alternative Proteins

Animal Health

Artificial Intelligence

Automotive Technologies

Big Data Analytics

Climate Technologies

Edible Insects

Electric Vehicle

Food & Agriculture Technologies

Hydrogen Technologies

Internet Of Things

In Vitro Diagnostics

Laboratory Instrumentation

Language Learning Technologies

Medical Technologies

Next Generation Technologies

Processing & Packaging Technologies

Robotics & Automation

Smart Technologies

Water & Wastewater Technologies

Miscellaneous / Others

Redding, California - October 14, 2024

Botanicals Market to Reach $24.97 Billion by 2031

Botanicals Market Size, Share, Forecast, & Trends Analysis by Product (Garlic Extract, Turmeric Extract, Tea Tree Oil, Peppermint Oil, Lemon Oil), Form (Powder, Liquid), Nature (Organic), Application (Food & Beverages, Cosmetics)—Global Forecast to 2031

Recommended Readings

Advanced Chemical &
Materials

Food & Agriculture
Technologies

Next Generation
Technologies

Processing & Packaging
Technologies

Water & Wastewater
Technologies