Botanical Extracts Market by Source (Spices, Fruits, Herbs, Flowers, Roots, Tea Leaves), Form (Powder, Semi-Solid), Application (Food {Bakery and Confectionery}, Beverages {Alcoholic Beverages}, Pharmaceutical), and Geography– Global Forecast to 2028
The research report titled “Botanical Extracts Market by Source (Spices, Fruits, Herbs, Flowers, Roots, Tea Leaves), Form (Powder, Semi-Solid), Application (Food {Bakery and Confectionery}, Beverages {Alcoholic Beverages}, Pharmaceutical), and Geography– Global Forecast to 2028” provides an in-depth analysis of the botanical extracts market in five major geographies and emphasizes the current market trends, market size, market share, recent developments, and forecast till 2028. The Global Botanical Extracts Market is expected to reach $10.1 billion by 2028 with 9.2% of CAGR during the forecast period of 2021 to 2028.


The growth of the botanical extracts market is mainly attributed to the increasing health and wellness trend with consumption of natural health products, growing demand for convenience food, increasing awareness regarding the benefits of herbal products over synthetic products, and rising demand for botanical extracts in the food and other application. Further, the emergence of new application areas in accordance with changing consumer trends and increasing investment in emerging economies is expected to offer lucrative opportunities in the forecasted period. However, the availability of substitute products is expected to hinder the growth of this market to some extent.

The study offers a comprehensive analysis of the global botanical extracts market concerning the various source, forms, applications, and technology. The global botanical extracts market is segmented based on source (spices, fruits, herbs, flowers, roots, tea leaves, and others), form (liquid, powder, and semi-solid), application (food, beverages, cosmetics and personal care, pharmaceutical, and other), technology (water extraction, cold pressing, steam distillation, enfleurage, supercritical co2 extraction, ultrasound-assisted extraction, others) and geography.

Based on source, tea leaves are expected to witness a rapid growth in the global botanical extracts market during 2021-2028. The fast growth of this segment is majorly attributed to the increase in the consumption of premium foods; increase in the popularity of functional foods; innovative application of tea flavors in food products, such as bakery and confectionery products, frozen desserts, and dairy products; and increasing demand for tea extracts in the Asia-Pacific. In addition, innovative applications of green tea extract in cosmetics have also expanded the growth opportunities in the market.

Based on the form, the powder segment is expected to account for the largest share of the global botanical extracts market in 2021. The large share of this market is mainly attributed to the growing use of powder form in various applications, including food, beverages, and cosmetics, and high health benefits over the other forms. In addition, these extracts are much stable over liquid form and have more shelf life. Owing to these benefits, the powdered segment is expected to fuel its demand in the market.

Based on the application, the beverage segment is expected to witness a rapid growth in the global botanical extracts market during 2021-2028. The fast growth of this segment is majorly attributed to the factors such as consumers are seeking authentic-tasting drink taste options beyond simply soft drinks; increasing health awareness among consumers is steadily causing a shift towards safer, convenient, healthy, and refreshing beverages; and growing application of extracts in the sports drinks. In addition, the development of botanical extracts by major players for low- and no-alcohol beverages is expected to drive its demand in the market. For instance, Kerry released its Botanicals Collection Zero, a range of clean label, “premium” botanical extracts – containing 0% ethanol – designed specifically for the low- and no-alcohol beverage markets.

Based on the technology, the water extraction segment is expected to account for the largest share of the global botanical extracts market in 2021. The large share of this segment is mainly attributed to factors such as gaining popularity for solventless and non-toxic solvent extractions, interesting technology for the replacement of less environmentally friendly methods devoid of hazardous solvent waste, and use of the water-based botanical extracts in the field of food and beverages.

Geographically, Asia-Pacific is estimated to witness a rapid growth of the global botanical extracts market during the forecast period of 2021?2028. The growth of this market is mainly attributed to the growing awareness about the advantages of natural plant-derived extracts, rapid economic growth, especially in China, India, and Southeast Asia, and increasing concerns about healthy lifestyles. In addition, the growing demand for organic processed food & beverages is expected to drive the demand for botanical extracts in Asia-Pacific.

The report includes a competitive landscape based on an extensive assessment of the industry’s key strategic developments in leading market participants over the past three years (2018–2021). The key players profiled in the global botanical extracts market report are Ransom Naturals Ltd. (U.K.), International Flavors & Fragrances Inc. (U.S.), Synthite Industries Ltd. (India), Martin Bauer Group (Germany), Kalsec, Inc. (U.S.), Synergy Flavors Inc. (U.S.), Prinova Group (U.S.), PT. Indesso Aroma (Indonesia), D?hler GmbH (Germany), Bell Flavors & Fragrances (U.S.), Nutra Green Biotechnology Co., Ltd. (China), and Kuber Impex Ltd. (India), among others.

Key questions answered in the report-

  • Which are the high-growth market segments in terms of the source, form, application, technology, and countries/regions?
  • What is the historical market for botanical extract across the globe?
  • What are the market forecasts and estimates for the period 2021-2028?
  • What are the major drivers, restraints, and opportunities in the global botanical extracts market?
  • Who are the major players in the global market, and what market share do they hold?
  • Who are the major players in various countries, and what share of the market do they hold?
  • How is the competitive landscape?
  • What recent developments have taken place in the global botanical extracts market?
  • What are the different strategies adopted by the major players in this market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the global botanical extracts market, and how do they compete with the other market players?



Scope of the Report:
Botanical Extracts Market, by Source

  • Spices
  • Herbs
  • Fruits


o Mangoes
o Pomegranate
o Grapes
o Others

  • Flowers
  • Roots


o Beetroot
o Others

  • Tea Leaves
  • Others (Leaves, Seeds, Grains, Petals, Stems, and Bark)



Botanical Extracts Market, by Form

  • Liquid
  • Powder
  • Semi-Solid



Botanical Extracts Market, by Application

  • Food


o Bakery and Confectionery
o Sauces and Dressings
o Others

  • Beverages


o Alcoholic Beverages
o Non-Alcoholic Beverages
? Carbonated Soft Drinks
? Ice Tea
? Flavored Dairy Products
? Sport Drinks
? Others (Functional Juices, Energy Drinks, among others)

  • Cosmetics and Personal Care


o Hair Care Products
o Skin Care Products
o Oral Care Products
o Sun Care Products
o Decorative Cosmetic Products
o Body Care Products
o Perfumery Products
o Other Products

  • Pharmaceutical
  • Others



Botanical Extracts Market, by Technology

  • Water Extraction
  • Cold Pressing
  • Steam Distillation
  • Enfleurage
  • Supercritical CO2 Extraction
  • Ultrasound-assisted Extraction
  • Others



Botanical Extracts Market, by Geography

  • North America


o U.S.

o Canada

  • Europe


o Germany
o France
o U.K.

o Italy
o Spain
o The Netherlands
o Belgium
o Rest of Europe (RoE)

  • Asia-Pacific (APAC)


o Japan
o China
o India
o Australia
o South Korea
o Malaysia
o Indonesia
o Rest of Asia-Pacific (RoAPAC)

  • Latin America


o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
? Middle East & Africa