Herbal Extract Market Synopsis

The global Herbal Extract Market was valued at USD 48.24 billion in 2023 and is likely to reach USD 86.84 billion by 2032, increasing at a CAGR of 6.75% from 2024 to 2032.

Herbal extract could be a liquid solution of herbs and alcohol. The dried or new herbs are combined with alcohol, at that point the strong matter is expelled clearing out only the oils of the herbs blended with the liquor. This process is called extraction, hence the name, herbal extract.

• For example, an extract made from peppermint and alcohol would be called "peppermint extract." Most commercially sold extracts have an herb to alcohol ratio printed on the label. When dry herbs were used to make the extract, the ratio is commonly 1-part dried plant to 4 parts liquid, (alcohol and water). When fresh herbs are used the most common ratio is 1:1. This does not indicate the amount of that herb in the bottle, rather the ratio used in making the extract.
• Example: Dry herb strength: 1:4 means that the mixture used to produce the extract was 4 parts liquid, (alcohol and water) and one-part dried plant. This is not the same as an ingredients list which is also present on most commercial extracts. Herbal extracts are sold as dietary supplements and alternative pharmaceutical and commonly utilized for flavoring in baking and other cooking much like vanilla extract. Herbal extracts are regularly referredto as tinctures by botanists and alternative medicine specialists.
• The herbal extracts market refers to the industry that revolves around the extraction, processing and marketing of bioactive compounds from plants for various uses. Plant extracts are concentrated forms of plant materials that contain beneficial compounds such as phytochemicals, flavonoids, alkaloids and essential oils.
• These extracts are obtained by various extraction methods, including solvent extraction, distillation, cold pressing and supercritical fluid extraction. Herbal extracts can be used in many fields, including pharmaceuticals, cosmetics, food and beverages, dietary supplements, and aromatherapy. They are used for their potential health benefits, flavor, aroma and therapeutic applications. The market of herbal extracts includes producers, suppliers, distributors and end users involved in the production and use of these extracts.
• The export value of ayurvedic and herbal products amounted to about 628 million U.S. dollars from India in fiscal year 2023. There was a consistent increase in the value of these exports from 2020.

Herbal Extract Market Trend Analysis

The Rising Preference of Organic Products

• The rising preference for organic items, counting herbal extracts, is fueled by a few components that resound with modern shoppers. Firstly, there's a developing awareness of the potential wellbeing benefits related with utilizing characteristic and natural ingredients in personal care, beauty care products, and food and beverages. Consumers are progressively cognizant of the potential hurtful impacts of engineered chemicals commonly found in conventional items, driving them to look for out more secure options determined from nature. In addition, there's a broader societal move towards supportability and environmental duty.
• Organic farming practices prioritize soil wellbeing, biodiversity, and environmental adjust, which resounds with buyers who are concerned around the effect of routine agribusiness on the environment. By choosing organic items, customers can back more maintainable agrarian practices and diminish their environmental impression. In expansion to wellbeing and natural contemplations, the inclination for organic items is additionally driven by moral and social variables. Numerous shoppers are progressively concerned approximately issues such as creature welfare, reasonable labor hones, and the treatment of farmworkers. Organic certification frequently includes necessities related to these angles of generation, giving buyers with assurance that the items they select align with their values. 
• The discernment of natural items as being of higher quality and purity contributes to their ubiquity. Numerous buyers accept that natural items are free from synthetic pesticides, herbicides, and genetically modified organisms (GMOs), making them a more advantageous and more secure choice for themselves and their families. Within the setting of herbal extracts, the request for organic ingredients is especially articulated. Customers looking for characteristic cures and wellness items are drawn to home grown extricates that are created utilizing organic strategies, seeing them as more authentic and powerful than their ordinarily delivered partners. As a result, producers and retailers are progressively joining natural herbal extracts into their item lines to cater to this developing segment of health-conscious consumers.

Opportunities

Rising Investments in The Research and Development Activities

• Increasing investment in R&D has led to significant progress on the herbal extracts. Greater focus on R&D encourages exploration of diverse plant sources, innovative extraction techniques, and sophisticated preparation methods. Consequently, this effort produces a range of new herbal extracts characterized by increased potency, improved bioavailability and specialized applications.
• This improved investment landscape not only facilitates the creation of separate product versions, but also opens up many opportunities for market growth. With every step R&D takes, doors open to untapped opportunities, fostering a dynamic ecosystem of herbal extracts. In addition, increased resources for research projects will give researchers the opportunity to explore the therapeutic potential of plant extracts. Through careful study, researchers can discover new applications that respond to specific health conditions. In addition, this proactive approach promotes the development of innovative therapies and paves the way for the discovery of promising drug candidates derived from herbal extracts.
• Essentially, increased investment in R&D will not only increase opportunities in the pharmaceutical and health sectors, but also increase the market potential of herbal extracts and position them as key players in modern medicine and wellness.

Market Segment Analysis:

Market Segmented based on Form, by Type, by Application, and region.

By Type, Turmeric Is Expected to Dominate the Market During the Forecast Period 2024-2032

By Type, Turmeric, Rosemary, Ginseng, Aloe, Nutmeg, Sage, Garlic, Cranberry, Saw Palmetto, Cumin, Lecithin, Valerian, Cherry, Pygeum Africanum, Beet Root, Olive Leaf, Holy Basil, Elder Berry, Horehound, Lycium, Ginger, Orange, Cinnamon, Green Tea, Flax, Curcumin, Fenugreek Seed, Capsaicin, Anise, Ashwagandha, Kale, Others

• Turmeric dominated the market; this is often helped by its rising utilization in skin care items since it makes a difference control skin aging. Also, it has broad applications within the pharmaceutical segment due to its anti-inflammatory properties. Curcumin may be a component of zest turmeric, which may be a form of ginger. It is insoluble in water; in any case, it is solvent in ethanol. It has excellent antioxidant and anti-inflammatory properties. Curcumin is inferred from turmeric and has anti-inflammatory and antioxidant characteristics, making it very popular in cosmetics, pharmaceuticals, and food segments. Curcumin, otherwise known as turmeric, is broadly utilized in cosmetic formulation. Turmeric may be a notable component in different Indian Ayurvedic treatments. It is utilized within the treatment of eczema and acne, as well as in slowing down the maturing handle and avoiding and repairing dry skin.
• Recent progress in curcumin's nano and micro-formulations for way better assimilation within the gastrointestinal tract has made a few openings for the item in applications such as tissue assurance and torment administration. Duly certified USDA natural 95% curcumin extricates are favored by health-conscious shoppers, especially in created economies. In the interim, fenugreek seed extract request is being driven by changing buyer dietary patterns together with a solid request for wellbeing supplements from competitors. The rising prevalence of diabetes, particularly type 2 diabetes, on account of weight and the frenzied lifestyle practices of shoppers, coupled with a rise in consumption of nutrient-dense and energy-rich nourishment items, is balanced to drive consistent request for fenugreek seeds. Too, a growth in request for common ingredient-based solutions is fueling R&D activities by different firms and analysts. Rising utilization of fenugreek seed extricate in Ayurvedic restorative details is anticipated to impel its request over the estimate period.
• Anise seed extract is used in heated goods and as a flavoring in beverages. Owing to increasing mindfulness regarding wellbeing benefits related with herbs and flavors, request for anise seed-based culinary products is likely to rise over the figure period. Within the Asia Pacific locale, anise seeds are devoured after dinners to help digestion. Furthermore, request for anise seed extracts is rising owing to the surging request for flavors and herbs for utilize in home grown teas, sauces, non-alcoholic beverages, and dressings, as well as bread and confectionery things.

By Application, Personal Care and Cosmetics held the largest share

By Application segmented as Personal Care & Cosmetics, Food & Beverages, Animal Feed, Pharmaceuticals, Nutraceuticals and Others

• The dominance of personal care and cosmetics within the herbal extricate market stems from a convergence of customer preferences, industry patterns, and item advancement. One essential driver is the raising request for normal fixings in individual care details. Shoppers are progressively attentive of manufactured chemicals and are effectively looking for more secure, more economical choices. Home grown extricates, with their assorted cluster of useful properties extending from moisturizing to antioxidant and antimicrobial impacts, flawlessly adjust with this move towards normal skincare arrangements.
• Besides, there's a burgeoning awareness of the inalienable benefits of herbal extracts in skincare. This mindfulness is fuelled by a combination of variables, counting conventional information passed down through eras, focused on promoting campaigns emphasizing the excellencies of common ingredients, and scientific research approving the adequacy of botanical extracts. As buyers ended up more educated approximately the gentler and more secure nature of home grown extracts compared to unforgiving manufactured chemicals, the offer of these fixings for sensitive skin types continues to grow.Home grown extracts offer formulators unparalleled adaptability and customization alternatives, permitting them to address particular skincare concerns such as maturing, acne, pigmentation, and hydration. This customization capability empowers brands to create custom fitted items that resound with particular buyer socioeconomics and inclinations, in this manner capturing market share in specialty segments.
• The affiliation of herbal extracts with wellbeing and wellness upgrades their seen esteem in personal care items. Buyers progressively recognize the anti-aging, anti-inflammatory, and healing properties of botanical fixings, assist driving request for herbal extract-infused skincare definitions. This holistic approach to excellence and wellness adjusts with contemporary shopper values, fostering a deeper association between customers and the items they choose.
• The energetic and competitive nature of the individual care industry continually drives innovation and item advancement. Companies are in a perpetual journey for novel fixings and details that set their items separated in a crowded marketplace. Herbal extracts offer a maintainable and flexible arrangement for making inventive and attractive individual care items that cater to advancing customer inclinations and industry patterns. As a result, individual care and makeup stay at the bleeding edge of the herbal extract market, balanced for proceeded development and development within the years to come.

Market Regional Insights:

Asia Pacific Region is Expected to Dominate the Market Over the Forecast Period

• The Asia-Pacific region is currently the frontrunner within the herbal extract market due to a combination of normal, social, financial, and industrial factors. The region boasts a few of the world's richest biodiversity hotspots, counting the Himalayas, the Western Ghats, and Southeast Asian rainforests, which give a tremendous and different supply of raw materials for herbal extracts. This natural abundance is complemented by a long-standing convention of herbal pharmaceutical practices such as Ayurveda, Traditional Chinese Medicine (TCM), and Indonesia's Jamu, which have fastidiously reported the restorative uses of different plants and herbs, forming a solid establishment for the market. Also, developing buyer mindfulness and acknowledgment of common and organic items, fueled by expanding wellbeing awareness, are driving request for herbal extracts in applications extending from individual care to nutraceuticals.
• The quick financial development in nations like China and India has extended the center course, coming about in higher expendable salaries and a greater eagerness to spend on premium, normal items. This financial boom is upheld by a robust fabricating base within the locale, especially in China and India, which not as it were meet residential needs but moreover trade broadly to other parts of the world. Government approaches and directions in these nations are progressively steady, promoting traditional medicine and guaranteeing the quality of herbal extracts through standardization. Besides, there's a solid center on investigate and advancement, with collaborations between scholarly institutions, research centers, and industry players leading to innovative items. This combination of variables has situated the Asia-Pacific region as a worldwide center for high-quality, competitively estimated herbal extracts, driving its dominance within the market.   

Sourc- Company Database

Market Top Key Players:

The top key companies in the Herbal Extract Market are:

• Naturex (France)
• Indena S.P.A. (Italy)
• Martin Bauer Group (Germany)
• Bio-Botanica Inc. (United States)
• Kalsec Inc. (United States)
• Frutarom Industries Ltd. (Israel)
• Sabinsa Corporation (United States)
• Nutraceutical Corporation (United States)
• Arjuna Natural Extracts Ltd. (India)
• Organic Herb Inc. (China)
• Döhler Gmbh (Germany)
• Phytomed Herbal Solutions (South Africa)
• Nexira (France)
• Synthite Industries Ltd. (India)
• Euromed S.A. (Spain)
• Indfrag Limited (India)
• Bi Nutraceuticals (United States)
• Layn Natural Ingredients Corp. (China)
• Martin Bauer Group (Germany)
• Ransom Naturals Ltd. (United Kingdom)
• Green Earth Products Pvt. Ltd. (India)
• Hunan Nutramax Inc. (China)
• Mb-Holding Gmbh & Co. Kg (Germany)
• Blue Sky Botanics Ltd. (United Kingdom)
• Tianjiang Pharmaceutical Co., Ltd. (China)
• Gencor Pacific Inc. (United States)
• Changsha Vigorous-Tech Co., Ltd. (China) and Other Major Players.

Key Industry Developments in the Market:

• In Feb 2024, Groupe Berkem, a leading player in bio-based chemistry (ISIN code: FR00140069V2 - Ticker: ALKEM), today announced the signature of a definitive agreement with Givaudan, world leader in the creation of flavors and fragrances.
• In Oct 2023, Western Sydney University's NICM Health Research Institute has led a world-first clinical trial in Australia that offers new hope in the treatment of mild cognitive impairment (MCI) among older people. The trial's results, published in the journal Alzheimer's and Dementia, signal the efficacy and safety of Sailuotong (SLT), a novel herbal extract, as a potential treatment for MCI.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. HERBAL EXTRACT MARKET BY FORM (2017-2030)
   1. HERBAL EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SOLID
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. LIQUID
7. HERBAL EXTRACT MARKET BY TYPE (2017-2030)
   1. HERBAL EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. TURMERIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ROSEMARY
   5.  GINSENG
   6.  ALOE
   7.  NUTMEG
   8.  SAGE
   9.  GARLIC
   10.  CRANBERRY
   11.  SAW PALMETTO
   12.  CUMIN
   13.  LECITHIN
   14.  VALERIAN
   15.  CHERRY
   16.  PYGEUM AFRICANUM
   17.  BEET ROOT
   18.  OLIVE LEAF
   19.  HOLY BASIL
   20.  ELDER BERRY
   21.  HOREHOUND
   22.  LYCIUM
   23.  GINGER
   24.  ORANGE
   25.  CINNAMON
   26.  GREEN TEA
   27.  FLAX
   28.  CURCUMIN
   29.  FENUGREEK SEED
   30.  CAPSAICIN
   31.  ANISE
   32.  ASHWAGANDHA
   33.  KALE
8. HERBAL EXTRACT MARKET BY APPLICATION (2017-2030)
   1. HERBAL EXTRACT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PERSONAL CARE & COSMETICS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FOOD & BEVERAGES
   5. ANIMAL FEED
   6. PHARMACEUTICALS
   7. NUTRACEUTICALS AND OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. HERBAL EXTRACT Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2.  NATUREX (FRANCE)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. INDENA S.P.A. (ITALY)
   4. MARTIN BAUER GROUP (GERMANY)
   5. BIO-BOTANICA INC. (UNITED STATES)
   6. KALSEC INC. (UNITED STATES)
   7. FRUTAROM INDUSTRIES LTD. (ISRAEL)
   8. SABINSA CORPORATION (UNITED STATES)
   9. NUTRACEUTICAL CORPORATION (UNITED STATES)
   10. ARJUNA NATURAL EXTRACTS LTD. (INDIA)
   11. ORGANIC HERB INC. (CHINA)
   12. DÖHLER GMBH (GERMANY)
   13. PHYTOMED HERBAL SOLUTIONS (SOUTH AFRICA)
   14. NEXIRA (FRANCE)
   15. SYNTHITE INDUSTRIES LTD. (INDIA)
   16. EUROMED S.A. (SPAIN)
   17. INDFRAG LIMITED (INDIA)
   18. BI NUTRACEUTICALS (UNITED STATES)
   19. LAYN NATURAL INGREDIENTS CORP. (CHINA)
   20. MARTIN BAUER GROUP (GERMANY)
   21. RANSOM NATURALS LTD. (UNITED KINGDOM)
   22. GREEN EARTH PRODUCTS PVT. LTD. (INDIA)
   23. HUNAN NUTRAMAX INC. (CHINA)
   24. MB-HOLDING GMBH & CO. KG (GERMANY)
   25. BLUE SKY BOTANICS LTD. (UNITED KINGDOM)
   26. TIANJIANG PHARMACEUTICAL CO., LTD. (CHINA)
   27. GENCOR PACIFIC INC. (UNITED STATES)
   28. CHANGSHA VIGOROUS-TECH CO., LTD. (CHINA)
10. GLOBAL HERBAL EXTRACT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By FORM
       4. Historic And Forecasted Market Size By TYPE
       5. Historic And Forecasted Market Size By APPLICATION
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies