Global Herbal Extract Market Size Study & Forecast, by Source (Mint, Lavender, Basil, Others), by Form (Solid, Liquid), by Application (Pharmaceuticals, Personal Care & Cosmetics, Food & Beverages, Others), and Regional Analysis, 2023-2030

Description

List of Tables

Global Herbal Extract Market is valued at approximately USD 27.54 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.2% during the forecast period 2023-2030. Herbal extracts are concentrated substances derived from plant materials through extraction methods involving solvents or water. These extracts contain bioactive compounds, such as phytochemicals and essential oils, believed to have medicinal properties. Widely used in pharmaceuticals, cosmetics, food, supplements, and aromatherapy, herbal extracts offer health benefits, flavoring, and therapeutic applications. Their properties depend on the plant source and extraction process. Commonly extracted herbs, such as ginseng and turmeric, are known for unique bioactive compounds with potential health benefits. The usage of chemical goods is associated with several illnesses that are harmful to the human body, which is resulting in an increase in demand for natural substances such as herbal extracts. The market is poised for growth driven by a surge in demand for foods and beverages that are free from preservatives, gluten, artificial flavors, and colors. The increasing awareness regarding the herb's therapeutics, increased globalization and cross-cultural acceptance of herbal products, coupled with a growing preference for skincare products incorporating herbal ingredients are contributing to the demand for herbal extracts across the globe.

In addition, increasing government initiatives and favorable regulations for encouraging the adoption of natural ingredients are exhibiting a positive influence on the demand for herbal extract. Regulations establish quality and safety standards for herbal extracts, ensuring they meet specific criteria. This assurance is crucial for consumer trust, leading to increased demand. For instance, in December 2021, In India, the Ministry of Finance unveiled a Rs. 4000 crore (USD 479.96 million) package under Atma Nirbhar Bharat to encourage herbal cultivation. The ministry has established a comprehensive scheme for the cultivation and marketing of medicinal plants, specifically addressing drought conditions. Governments endorsing natural ingredients prioritize public health and environmental sustainability, making herbal extracts, derived from plants, more appealing to consumers and driving demand. Thus, these aforementioned factors are propelling the growth of the Herbal Extract Market over the estimated period. Moreover, the increasing research and development activities, as well as the rise in the shift towards sustainable and green ingredients present various lucrative opportunities over the forecast years. However, the volatility in the price of raw materials and the availability of other synthetic substitutes are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Herbal Extract Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the high availability of herbal plants, a growing tradition of natural herb use, the therapeutic benefits of herbal products, and increased focus on adopting a healthy lifestyle post-COVID-19. Also, the rising awareness about the detrimental effects of synthetic ingredients, the popularity of herbal cosmetics, governmental policies, and the implementation of business sustainability programs are further supporting regional market expansion. Whereas, Asia Pacific is also expected to grow at the highest CAGR over the forecast years. The increased use of pharmaceutical and nutraceutical products in Japan, China, and other nations is significantly propelling the market demand across the region. Also, the growing food and beverage sector is expected to have a positive impact on the Herbal Extracts Market across the region.

Major market players included in this report are:

Botanic Healthcare
VIDYA HERBS Pvt. Ltd
Allicin Pharm
HerbalHills
Acara Bioherb Pvt. Ltd.
Pioneer Enterprises (I) Private Limited
Sydler Remedies Pvt. Ltd
Herbal Creations
Alpspure Lifesciences Private Limited
IDOBIO CO., LTD.

Recent Developments in the Market:

In May 2023, GNT launched Shade Vivid Orange - OS, the first plant-based, 100% oil-soluble color developed under the company's EXBERRY brand and made from non-GMO paprika. This new product has a vibrant orange color that replaces artificial coloring and paprika oleoresin in a variety of applications, especially those that include fat in sweet and savory foods.
In 2021, The Manipal Group, an Indian provider of botanical ingredients and functional foods, announced the opening of a new manufacturing facility specialized in the manufacture of herbal extracts. Dietary supplements are made with these nutraceutical components.
In June 2021, Vasu Healthcare Pvt Ltd.- an India-based herbal manufacturer introduced a new line of herbal supplements to the market. Branded as "Vasu Safe Herbs," these products were designed to enhance overall health and well-being for consumers.

Global Herbal Extract Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Source, Form, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Mint
Lavender
Basil
Others

By Form:

Solid
Liquid

By Application:

Pharmaceuticals
Personal Care & Cosmetics
Food & Beverages
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Herbal Extract Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Herbal Extract Market, by Source, 2020-2030 (USD Billion)
- 1.2.3. Herbal Extract Market, by Form, 2020-2030 (USD Billion)
- 1.2.4. Herbal Extract Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Herbal Extract Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Herbal Extract Market Dynamics

3.1. Herbal Extract Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing awareness regarding the herbs therapeutic
  - 3.1.1.2. Rising government initiatives and favorable regulations
- 3.1.2. Market Challenges
  - 3.1.2.1. Volatility in the price of raw materials
  - 3.1.2.2. Availability of other synthetic substitutes
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing research and development activities
  - 3.1.3.2. Rise in shift towards sustainable and green ingredients

Chapter 4. Global Herbal Extract Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Herbal Extract Market, by Source

5.1. Market Snapshot
5.2. Global Herbal Extract Market by Source, Performance - Potential Analysis
5.3. Global Herbal Extract Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Herbal Extract Market, Sub Segment Analysis
- 5.4.1. Mint
- 5.4.2. Lavender
- 5.4.3. Basil
- 5.4.4. Others

Chapter 6. Global Herbal Extract Market, by Form

6.1. Market Snapshot
6.2. Global Herbal Extract Market by Form, Performance - Potential Analysis
6.3. Global Herbal Extract Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
6.4. Herbal Extract Market, Sub Segment Analysis
- 6.4.1. Solid
- 6.4.2. Liquid

Chapter 7. Global Herbal Extract Market, by Application

7.1. Market Snapshot
7.2. Global Herbal Extract Market by Application, Performance - Potential Analysis
7.3. Global Herbal Extract Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Herbal Extract Market, Sub Segment Analysis
- 7.4.1. Pharmaceuticals
- 7.4.2. Personal Care & Cosmetics
- 7.4.3. Food & Beverages
- 7.4.4. Others

Chapter 8. Global Herbal Extract Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Herbal Extract Market, Regional Market Snapshot
8.4. North America Herbal Extract Market
- 8.4.1. U.S. Herbal Extract Market
  - 8.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Form breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Herbal Extract Market
8.5. Europe Herbal Extract Market Snapshot
- 8.5.1. U.K. Herbal Extract Market
- 8.5.2. Germany Herbal Extract Market
- 8.5.3. France Herbal Extract Market
- 8.5.4. Spain Herbal Extract Market
- 8.5.5. Italy Herbal Extract Market
- 8.5.6. Rest of Europe Herbal Extract Market
8.6. Asia-Pacific Herbal Extract Market Snapshot
- 8.6.1. China Herbal Extract Market
- 8.6.2. India Herbal Extract Market
- 8.6.3. Japan Herbal Extract Market
- 8.6.4. Australia Herbal Extract Market
- 8.6.5. South Korea Herbal Extract Market
- 8.6.6. Rest of Asia Pacific Herbal Extract Market
8.7. Latin America Herbal Extract Market Snapshot
- 8.7.1. Brazil Herbal Extract Market
- 8.7.2. Mexico Herbal Extract Market
8.8. Middle East & Africa Herbal Extract Market
- 8.8.1. Saudi Arabia Herbal Extract Market
- 8.8.2. South Africa Herbal Extract Market
- 8.8.3. Rest of Middle East & Africa Herbal Extract Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Botanic Healthcare
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. VIDYA HERBS Pvt. Ltd
- 9.3.3. Allicin Pharm
- 9.3.4. HerbalHills
- 9.3.5. Acara Bioherb Pvt. Ltd.
- 9.3.6. Pioneer Enterprises (I) Private Limited
- 9.3.7. Sydler Remedies Pvt. Ltd
- 9.3.8. Herbal Creations
- 9.3.9. Alpspure Lifesciences Private Limited
- 9.3.10. IDOBIO CO., LTD.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Herbal Extract Market, report scope
TABLE 2. Global Herbal Extract Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Herbal Extract Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Herbal Extract Market estimates & forecasts by Form 2020-2030 (USD Billion)
TABLE 5. Global Herbal Extract Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Herbal Extract Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Herbal Extract Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Herbal Extract Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Herbal Extract Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Herbal Extract Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Herbal Extract Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Herbal Extract Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Herbal Extract Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Herbal Extract Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Herbal Extract Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Herbal Extract Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Herbal Extract Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Herbal Extract Market
TABLE 71. List of primary sources, used in the study of global Herbal Extract Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Herbal Extract Market, research methodology
FIG 2. Global Herbal Extract Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Herbal Extract Market, key trends 2022
FIG 5. Global Herbal Extract Market, growth prospects 2023-2030
FIG 6. Global Herbal Extract Market, porters 5 force model
FIG 7. Global Herbal Extract Market, pest analysis
FIG 8. Global Herbal Extract Market, value chain analysis
FIG 9. Global Herbal Extract Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Herbal Extract Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Herbal Extract Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Herbal Extract Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Herbal Extract Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Herbal Extract Market, regional snapshot 2020 & 2030
FIG 15. North America Herbal Extract Market 2020 & 2030 (USD Billion)
FIG 16. Europe Herbal Extract Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Herbal Extract Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Herbal Extract Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Herbal Extract Market 2020 & 2030 (USD Billion)