The herb extract market was valued at $8.18 billion in 2023 and is estimated to reach $23.77 billion by 2035, exhibiting a CAGR of 9.27% from 2024 to 2035.
Herb extracts are concentrated preparations made from plants in which solvents like water, alcohol, or oils are used to extract the bioactive ingredients. The herbal extracts are valued for their medicinal, nutritional, cosmetic and fragrant qualities, which make them an essential component of a variety of sectors, including pharmaceuticals, nutraceuticals, cosmetics, personal care, food and beverage, and others. In contrast to whole herbs, extracts are immensely powerful sand standardized, ensuring consistent levels of active compounds that deliver targeted benefits.
The global herb extract market is being significantly driven by the rising demand for plant-based pharmaceuticals and nutraceuticals. As consumers become more conscious of the long-term effects of synthetic chemicals in food, medicine, and cosmetics, there is a clear shift toward botanical alternatives. This growing awareness has fueled the acceptance of herbal extract-based products, particularly in mainstream wellness routines, where traditional medical systems and their holistic benefits are gaining renewed recognition.
Additionally, the increasing prevalence of chronic, lifestyle-related conditions such as obesity, diabetes, and stress-related disorders has encouraged individuals to seek preventive care through herbal supplements and functional foods - further boosting demand for herb extracts.
Technological advancements in extraction and formulation are also playing a pivotal role in the growth of the herbal extract industry. Innovations such as ultrasound-assisted extraction and supercritical fluid extraction have improved the effectiveness, stability, and bioavailability of herbal compounds. These improvements enable manufacturers to produce high-potency, standardized extracts suitable for use in a wide range of applications, including pharmaceuticals, nutraceuticals, and personal care products.
The growing emphasis on personalized wellness and nutrition is opening new avenues for customized herbal treatments. Strategic collaborations between herbal extract producers, pharmaceutical companies, and nutraceutical firms are also driving market expansion, ensuring quality control and a sustainable supply chain.
In the realm of personal care, herbal cosmetics have gained prominence for their ability to nourish and rejuvenate the skin. Rich in natural anti-inflammatory, antioxidant, and antibacterial properties, these products offer effective solutions for conditions like acne, eczema, and dryness. Herbal moisturizers, cleansers, and toners help maintain the skin’s pH balance, reduce inflammation, and promote a healthy glow. As self-care and holistic wellness continue to gain importance, herbal cosmetics stand out as a trusted, natural alternative to conventional beauty solutions.
The herb extract market is segmented into application, type, and region. By application, it is categorized into pharmaceutical, nutraceutical & dietary supplement, cosmetics & personal care, and others. By type, the market is fragmented into turmeric (Curcuma longa Linn), ginger (Zingiber officinale Roscoe), Indian pennywort (Centella asiatica), aloe (Aloe vera (L.) Burm.f.), Fah Talai Jone (Andrographis paniculata), Indian gooseberry (Phyllanthus emblica L.), Krachai Dum (Kaempferia parviflora), Krathom (Mitragyna speciosa), and others.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global herb extract market are International Flavors and Fragrances Inc., Givaudan, Symrise, Kerry Group Plc, ADM, Synthite Industries Ltd., Kalsec Inc., Kangcare Bioindustry Co. Ltd., Carbery Group Plc, and Botanic Healthcare.
Herb extracts are concentrated preparations made from plants in which solvents like water, alcohol, or oils are used to extract the bioactive ingredients. The herbal extracts are valued for their medicinal, nutritional, cosmetic and fragrant qualities, which make them an essential component of a variety of sectors, including pharmaceuticals, nutraceuticals, cosmetics, personal care, food and beverage, and others. In contrast to whole herbs, extracts are immensely powerful sand standardized, ensuring consistent levels of active compounds that deliver targeted benefits.
The global herb extract market is being significantly driven by the rising demand for plant-based pharmaceuticals and nutraceuticals. As consumers become more conscious of the long-term effects of synthetic chemicals in food, medicine, and cosmetics, there is a clear shift toward botanical alternatives. This growing awareness has fueled the acceptance of herbal extract-based products, particularly in mainstream wellness routines, where traditional medical systems and their holistic benefits are gaining renewed recognition.
Additionally, the increasing prevalence of chronic, lifestyle-related conditions such as obesity, diabetes, and stress-related disorders has encouraged individuals to seek preventive care through herbal supplements and functional foods - further boosting demand for herb extracts.
Technological advancements in extraction and formulation are also playing a pivotal role in the growth of the herbal extract industry. Innovations such as ultrasound-assisted extraction and supercritical fluid extraction have improved the effectiveness, stability, and bioavailability of herbal compounds. These improvements enable manufacturers to produce high-potency, standardized extracts suitable for use in a wide range of applications, including pharmaceuticals, nutraceuticals, and personal care products.
The growing emphasis on personalized wellness and nutrition is opening new avenues for customized herbal treatments. Strategic collaborations between herbal extract producers, pharmaceutical companies, and nutraceutical firms are also driving market expansion, ensuring quality control and a sustainable supply chain.
In the realm of personal care, herbal cosmetics have gained prominence for their ability to nourish and rejuvenate the skin. Rich in natural anti-inflammatory, antioxidant, and antibacterial properties, these products offer effective solutions for conditions like acne, eczema, and dryness. Herbal moisturizers, cleansers, and toners help maintain the skin’s pH balance, reduce inflammation, and promote a healthy glow. As self-care and holistic wellness continue to gain importance, herbal cosmetics stand out as a trusted, natural alternative to conventional beauty solutions.
The herb extract market is segmented into application, type, and region. By application, it is categorized into pharmaceutical, nutraceutical & dietary supplement, cosmetics & personal care, and others. By type, the market is fragmented into turmeric (Curcuma longa Linn), ginger (Zingiber officinale Roscoe), Indian pennywort (Centella asiatica), aloe (Aloe vera (L.) Burm.f.), Fah Talai Jone (Andrographis paniculata), Indian gooseberry (Phyllanthus emblica L.), Krachai Dum (Kaempferia parviflora), Krathom (Mitragyna speciosa), and others.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global herb extract market are International Flavors and Fragrances Inc., Givaudan, Symrise, Kerry Group Plc, ADM, Synthite Industries Ltd., Kalsec Inc., Kangcare Bioindustry Co. Ltd., Carbery Group Plc, and Botanic Healthcare.
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Key Market Segments
By Type
- Turmeric or Curcuma Longa Linn
- Ginger or Zingiber Officinale Roscoe
- Indian Pennywort or Centella Asiatica
- Aloe or Aloe Vera L.Burm.f.
- Fah Talai Jone or Andrographis Paniculata
- Indian Gooseberry or Phyllanthus emblica L.
- Krachai Dum or Kaempferia Parviflora
- Krathom or Mitragyna Speciosa
- Others
By Application
- Pharmaceutical
- Nutraceutical and Dietary Supplement
- Cosmetics and Personal Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Carbery Group plc
- Kalsec Inc.
- Givaudan
- Synthite Industries Limited
- Kerry Group plc
- Symrise AG.
- International Flavors & Fragrances Inc. IFF
- Archer-Daniels-Midland Company
- Botanic Healthcare Pvt. Ltd.
- Kangcare Bioindustry Co., Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HERB EXTRACT MARKET, BY APPLICATION
CHAPTER 5: HERB EXTRACT MARKET, BY TYPE
CHAPTER 6: HERB EXTRACT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Carbery Group plc
- Kalsec Inc.
- Givaudan
- Synthite Industries Limited
- Kerry Group plc
- Symrise AG.
- International Flavors & Fragrances Inc. IFF
- Archer-Daniels-Midland Company
- Botanic Healthcare Pvt. Ltd.
- Kangcare Bioindustry Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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