Global Botanical Ingredients Market Overview
Botanical ingredients are also known as herbal dietary herbals or supplements. These are supplements obtained from plants, plant parts, and plant extracts. Botanical ingredients are in both complementary and traditional medicine and are obtained in various forms such as gel caps, capsules, tablets, liquids, powders, and soft-gels. Botanical ingredients act as a natural substitute for the treatment of hormone replacement therapy. These ingredients provide natural ways for the appropriate functioning of brain, heart, and helps in sustaining joint tissue health and connective tissue health. The global botanical ingredients market accounted for US$ 4.3 billion in 2019 and is estimated to be US$ 10.1 billion by 2029 and is anticipated to register a CAGR of 8.9%.
Impact of COVID-19 on the market
The growth of the global botanical ingredients market is projected to limit due to the ongoing pandemic COVID-19. It has relentlessly hit the production business and global trade. This heavy fall in trade has created a difficulty for producers to sell their products in distinguished countries such as U.S., Canada, Germany, and India. Conversely, consumers have become more careful and aware of the utilization of synthetic chemical-based skincare and food products due to the spread of this pandemic. Consumers are moving towards natural colourant based plant juice products since they provide long-lasting and better protection from virus and bacteria. Thus, the market for botanical ingredients is projected to register a major growth during the forecast period.
Global Botanical Ingredients Market Dynamics
Increasing demand due to healthy life choices
Botanical ingredients are used as flavouring supplements in oils, fats, and food emulsions. They make a synergizing effect when added along with other natural food preservatives. The rising trend toward clean label products, which are gradually becoming compulsory across the world, is also boosting the market growth for botanical ingredients and in turn fascinating food manufacturers to develop new formulations and products to meet the growing consumer demand for healthier food products. Additionally, high disposable income, urbanization, and growing demand for healthy nutritional foods are key factors influencing the natural extracts market.
Availability of substitute products
The presence of alternative products in the form of synthetic flavours is the main limit for the target market growth. This is mainly attributed due to the large advantages associated with synthetic flavours such as uniform & consistent quality, lower prices compared to spices & herbs, and comfort of use in contrast to natural products.
Global Botanical Ingredients Market Segmentation
The global botanical ingredients market is segmented based on the source, form, application, and region.
On the basis of the source, the global botanical ingredients market is segmented into herbs, leaves, spices, flowers, and others. Based on the form, the target market is segmented into powder and liquid. Based on the application, the target market is classified into food & beverages, dietary supplements, cosmetic & personal care, pharmaceuticals, and others.
Regional Insights:
In the region, the global botanical ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America estimated for the highest market share in 2019 in terms of revenue and is projected to register increased demand during the forecast period due to growing use of products with lowered calorie level and high nutritional content. Additionally, rising awareness in the consumption of dietary products in Mexico on account of new product launches is anticipated to drive the application scope in the coming years. The Asia Pacific is expected to witness the fastest growth throughout the forecast period, owing to favourable government policies in the agricultural trade to fuel foods and attract investments in the market for botanical supplements which have created a full scope for growth in the region. Europe has been a significant pharmaceutical region across the world owing to the presence of pharma giants such as Novartis and Bayer AG.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Source - Herbs, Leaves, Spices, Flowers, and Others By Form - Powder and Liquid By Application - Food & Beverages, Dietary Supplements, Cosmetic & Personal Care, Pharmaceuticals, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global botanical ingredients market report based on source, form, application, and region.
Global Botanical Ingredients Market, By Source:
- Herbs
- Leaves
- Spices
- Flowers
- Others
Global Botanical Ingredients Market, By Form:
- Powder
- Liquid
Global Botanical Ingredients Market, By Application:
- Food & Beverages
- Dietary Supplements
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
Global Botanical Ingredients Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Botanical Ingredients Market Key Players
The key players operating in the global botanical ingredients market include PT. INDESSO AROMA, New Directions Aromatics Inc., Bell Flavors & Fragrances, Rutland Biodynamics Ltd., The Herbarie at Stoney Hill Farm, Inc., Lipoid Kosmetik AG, Frutarom Ltd., Ambe Phytoextracts Pvt Ltd., Prakruti Products Pvt. Ltd., and Umalaxmi Organics Pvt. Ltd. Companies in the target market for botanical ingredients are focusing on expanding their revenue share as well as achieving profitability via product innovations. For instance, in January 2015, Frutarom Industries Ltd., one of the world's 10 largest companies in the field of flavors and specialty fine ingredients acquired Natural botanical extract supplier Vitiva for US$10 Million.
Global Botanical Ingredients Market Company Profile
- PT. INDESSO AROMA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- New Directions Aromatics Inc.
- Bell Flavors & Fragrances
- Rutland Biodynamics Ltd.
- The Herbarie at Stoney Hill Farm, Inc.
- Lipoid Kosmetik AG
- Frutarom Ltd.
- Ambe Phytoextracts Pvt Ltd.
- Prakruti Products Pvt. Ltd.
- Umalaxmi Organics Pvt. Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Botanical Ingredients Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Botanical Ingredients Strategies
- Key Questions this Study will Answer
- Market Snippet, By Source
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Botanical Ingredients Market, By Source, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Herbs
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Leaves
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Spices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Flowers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Botanical Ingredients Market, By Form, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Powder
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Liquid
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Botanical Ingredients Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Dietary Supplements
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Cosmetic & Personal Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Botanical Ingredients Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- PT. INDESSO AROMA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- New Directions Aromatics Inc.
- Bell Flavors & Fragrances
- Rutland Biodynamics Ltd.
- The Herbarie at Stoney Hill Farm, Inc.
- Lipoid Kosmetik AG
- Frutarom Ltd.
- Ambe Phytoextracts Pvt Ltd.
- Prakruti Products Pvt. Ltd.
- Umalaxmi Organics Pvt. Ltd.
- PT. INDESSO AROMA
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global botanical ingredients market is segmented based on source, form, application, and region.
Increasing demand due to healthy life choices is positively influencing the global botanical ingredients market.
North America estimated for the highest market share in 2019 in terms of revenue and is projected to register increased demand during the forecast period due to growing use of products with lowered calorie level and high nutritional content.
Companies in the target market for botanical ingredients are focusing on expanding their revenue share as well as achieving profitability via product innovations.