Plant Extracts Market Report 2026

The plant extracts market size has grown rapidly in recent years. It will grow from $33.16 billion in 2025 to $36.66 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to traditional use of herbal remedies, rising demand for natural ingredients, limited synthetic alternatives, growing herbal medicine acceptance, expansion of food and beverage sector.

The plant extracts market size is expected to see rapid growth in the next few years. It will grow to $53.86 billion in 2030 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing focus on plant-based products, rising demand for nutraceutical formulations, growing reliance on sustainable sourcing, rapid innovation in extraction technologies, expanding applications in pharmaceuticals. Major trends in the forecast period include growing demand for standardized herbal extracts, rising preference for clean-label and natural ingredients, expansion of medicinal and aromatherapy extract applications, increasing use of plant-based additives in functional foods, higher adoption of botanical ingredients in cosmetic formulations.

The rising demand from the food and beverage industry is expected to drive the growth of the plant extracts market in the coming years. The food and beverage industry includes businesses engaged in producing, processing, distributing, marketing, and selling food and beverages to consumers. Plant extracts provide numerous advantages within this industry by improving product quality, flavor, and nutritional value, while also aligning with consumer preferences for clean and natural ingredients. For example, in May 2025, the Plant Based Foods Association, a U.S.-based industry trade group, reported that plant-based food dollar sales reached USD 8.1 billion, reflecting a 79% increase over the past five years. Thus, the increasing demand from the food and beverage industry is driving the growth of the plant extracts market.

Major companies in the plant-based butter market are innovating new products, such as Beleaf PlantBetter, to maintain their market position. Beleaf PlantBetter is a plant-based butter specifically designed for bakery applications. For example, in November 2023, Bunge, a US-based agribusiness and food company, launched Beleaf PlantBetter. This product offers a superior taste with the distinctive aroma, flavor, and texture of traditional butter. Beleaf PlantBetter is primarily composed of coconut, cocoa butter, rapeseed, and lecithins. It seamlessly integrates into any production process, providing the desired levels of aeration, volume, and taste in baked goods.

In April 2023, Givaudan SA, a Switzerland-based provider of flavors, fragrances, and natural plant-based ingredients, acquired the cosmetic ingredients portfolio of Amyris for an undisclosed amount. Through this acquisition, Givaudan aimed to strengthen its biotechnology capabilities and expand its sustainable cosmetic ingredient offerings to accelerate growth in the active beauty segment. Amyris, Inc. is a U.S.-based provider of bio-fermented cosmetic ingredients and biotechnology platform services.

Major companies operating in the plant extracts market are Naturex S.A., Berkem S.A., Kuber Impex Ltd., Organic Herb Inc., Givaudan S.A., Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise AG, Sensient Technologies Corporation, PT Indesso Aroma, Vidya Herbs Pvt Ltd., Plant Extracts International Inc., Indena S.p.A., Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe Group, Provital Group, Chenguang Biotech Group Co Ltd., Kangcare Bioindustry Co. Ltd., International Flavors & Fragrances Inc., Kerry Group plc, Archer Daniels Midland Company, Kalsec Inc., Carbery Group, Koninklijke DSM N.V., Döhler GmbH, Vital Herbs, Sydler India Pvt. Ltd., Plantnat, Sabinsa Corporation, Nexira.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on plant extract raw materials, solvents, and specialized extraction equipment have increased production costs and disrupted sourcing for manufacturers, particularly in regions dependent on imported botanicals. Applications in pharmaceuticals, food and beverages, and cosmetics are most affected due to their stringent quality and volume requirements. However, tariffs may stimulate domestic cultivation and extraction industries, supporting long-term self-sufficiency and reducing reliance on foreign suppliers.

The plant extracts market research report is one of a series of new reports that provides plant extracts market statistics, including plant extracts industry global market size, regional shares, competitors with a plant extracts market share, detailed plant extracts market segments, market trends and opportunities, and any further data you may need to thrive in the plant extracts industry. This plant extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plant extracts involve a method designed for extracting specific plant-based ingredients, a process that entails bringing a solid (the plant) into contact with a liquid (the solvent). The solvent is utilized to solubilize and contain the valuable plant components, effectively separating solids from liquids. These extracts exhibit medicinal, aromatic, anti-inflammatory, antifungal, antimicrobial, antiparasitic, and antioxidant effects.

The primary categories of plant extracts encompass spices, essential oils, and natural extracts; flavors and fragrances; phytomedicines and herbal extracts; phytochemicals, among others. Phytochemicals are bioactive nutrient plant chemicals found in fruits, vegetables, grains, and other plant foods, offering health benefits beyond basic nutrition and helping reduce the risk of major chronic diseases. These extracts are derived from various sources such as fruits, flowers, bulbs, leaves, barks, stems, rhizomes, roots, and others. Their applications span pharmaceuticals, food and beverages, cosmetics, and other industries.Asia-Pacific was the largest region in the plant extracts market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plant extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plant extracts market consists of sales of medicinal plants, polyphenols, carotenoids, maceration, infusion, decoction, and percolation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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