Herbal Extract Product Market Report: Trends, Forecast and Competitive Analysis to 2030

Herbal Extract Product Trends and Forecast

The future of the global herbal extract product market looks promising with opportunities in the food & beverage, cosmetics & personal care, and pharmaceuticals markets. The global herbal extract product market is expected to reach an estimated $54.6 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are progress in research and technology in the herbal extract sector and growing consumer interest in natural remedies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Herbal Extract Product by Segment

The study includes a forecast for the global herbal extract product by type, raw materials, end-use industry, and region.

Herbal Extract Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Alcohol Based Extracts
• Powder Based Extracts
• Oil Based Extracts

Herbal Extract Product Market by Raw Materials [Shipment Analysis by Value from 2018 to 2030]:

• Berries
• Bark
• Leaves
• Roots
• Flowers
• Fruits
• Aromatic Herbs
• Other

Herbal Extract Product Market by End-Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Cosmetics & Personal Care
• Pharmaceuticals
• Others

Herbal Extract Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Herbal Extract Product Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies herbal extract product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the herbal extract product companies profiled in this report include-

• Ozone Naturals
• Vidya Herbs
• Bio-Botanica
• Hunan NutraMax
• Nexira
• DKSH
• MartinBauer
• Organic Herb
• Sabinsa
• Mane Kancor Ingredients

Herbal Extract Product Market Insights

Lucintel forecasts that oil-based herbal extracts will remain the largest segment over the forecast period due to increasing consumer inclination towards natural and organic ingredients.

Within this market, food and beverage will remain the largest segment due to consumers are progressively searching for healthier and more natural options.

APAC is expected to witness the highest growth over the forecast period due to presence of abundant biodiversity and a wide range of botanical resources in this region.

Features of the Global Herbal Extract Product Market

Market Size Estimates: Herbal extract product market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Herbal extract product market size by type, raw materials, end-use industry, and region in terms of value ($B).

Regional Analysis: Herbal extract product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, raw materials, end-use industries, and regions for the herbal extract product market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the herbal extract product market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the herbal extract product market size?

Answer: The global herbal extract product market is expected to reach an estimated $54.6 billion by 2030.

Q2. What is the growth forecast for herbal extract product market?

Answer: The global herbal extract product market is expected to grow with a CAGR of 6.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the herbal extract product market?

Answer: The major drivers for this market are progress in research and technology in the herbal extract sector and growing consumer interest in natural remedies.

Q4. What are the major segments for herbal extract product market?

Answer: The future of the herbal extract product market looks promising with opportunities in the food & beverage, cosmetics & personal care, and pharmaceuticals markets.

Q5. Who are the key herbal extract product market companies?

Answer: Some of the key herbal extract product companies are as follows:

• Ozone Naturals
• Vidya Herbs
• Bio-Botanica
• Hunan NutraMax
• Nexira
• DKSH
• MartinBauer
• Organic Herb
• Sabinsa
• Mane Kancor Ingredients

Q6. Which herbal extract product market segment will be the largest in future?

Answer: Lucintel forecasts that oil-based herbal extracts will remain the largest segment over the forecast period due to increasing consumer inclination towards natural and organic ingredients.

Q7. In herbal extract product market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period due to presence of abundant biodiversity and a wide range of botanical resources in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the herbal extract product market by type (alcohol based extracts, powder based extracts, and oil based extracts), raw materials (berries, bark, leaves, roots, flowers, fruits, aromatic herbs, and other), end-use industry (food & beverage, cosmetics & personal care, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?