[180 Pages Report] The Botanicals Market size was estimated at USD 43.43 billion in 2022 and expected to reach USD 46.27 billion in 2023, at a CAGR 7.25% to reach USD 76.05 billion by 2030.
A botanical is a plant or part of a plant that is used worldwide due to its therapeutic properties, flavor, and scent. Botanicals contain a wide range of bioactive compounds, including phytochemicals, essential oils, antioxidants, vitamins, and minerals. These compounds can contribute to therapeutic and health-promoting properties when consumed by individuals. Botanicals are commonly used in traditional medicine, dietary supplements, skincare and cosmetic products, aromatherapy, and culinary applications. Increasing health consciousness among people has boosted the demand for natural therapeutics derived from plants. The growing popularity of herbal supplements and nutraceuticals is expanding the use of botanicals to support specific health needs. However, product adulteration and mislabeling of products may adversely impact the adoption of botanicals. Additionally, ongoing research to expand the applications of botanicals is expected to encourage the use of botanicals across end-use sectors worldwide.
Regional Insights
The Americas region has experienced significant growth in the botanicals market owing to the increasing consumer preference for plant-based ingredients and growing awareness about the potential health benefits associated with botanicals. Stringent regulatory policies by the government related to synthetic additives in food products have prompted food manufacturers in the Americas to adopt natural alternatives such as botanical extracts. The botanicals market is highly developing in the Asia-Pacific region due to the emphasis on the production of traditional medicines and remedies and the increasing availability of various botanical sources in the region. The government in the APAC region has implemented various initiatives to promote sustainable cultivation and processing of herbs through Good Agricultural Practices (GAP) and Good Manufacturing Practices (GMP). The EMEA region represents a growing botanicals market due to the increasing applications of botanicals in pharmaceuticals, nutraceuticals, cosmetics, and food & beverages sectors. Additionally, the ongoing investments and funding to increase research and development of botanical products are expected to expand the applications of bottles across the end-use sectors across the globe.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Botanicals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Botanicals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Botanicals Market, highlighting leading vendors and their innovative profiles. These include ABOCA S.p.A., Amanprana by Mannavita, Ambe Phytoextracts Pvt. Ltd., Amway Corporation, Archer-Daniels-Midland Company, Arla Foods Group, Ayana Bio, LLC, BASF SE, Beijing Gingko Group, Bell Flavors & Fragrances GmbH, Berje Inc., BIOFLORAL INC., Blue Sky Botanics Ltd., Botanic Healthcare Group, Cargill, Incorporated, Dermapharm Holding SE, Dohler GmbH, Erba Vita Group S.p.A., fytobell.be, GNC Holdings, LLC, GROUPE L?A NATURE, Himalaya Global Holdings Ltd., International Flavors & Fragrances, Inc., Kalsec, Inc., Kerry Group plc, Koninklijke DSM N.V., Kuber Impex Ltd., L’ Angelica Herbal Institute, L’Herbier du Diois, Ladr?me Laboratoire, LAPHT Phytofrance Laboratory, Leaven Essentials Pvt Ltd, Les Relais de Florame, Lipoid Kosmetik AG, MB-Holding GmbH & Co. KG, Natura Health Products, Naturex SA by Givaudan International SA, NOW Health Group, Inc., Nutra Green Biotechnology Co., Ltd., Ortis AG-SA-NV, P.T Indesso Aroma, Palais des Th?s, Phytonorm, Pierre Fabre S.A., Prakruti Products Pvt. Ltd., Pranar?m International, Prinova Group LLC, PT. Haldin Pacific Semesta, Ransom Naturals Ltd., Rutland Biodynamics Ltd., Symrise AG, Synergy Flavors, Inc., Synthite Industries Ltd., Tate & Lyle PLC, The Herbarie at Stoney Hill Farm Inc., True Botanicals, Inc., Umalaxmi Organics Pvt. Ltd., and Volunteer Botanicals.
Market Segmentation & Coverage
This research report categorizes the Botanicals Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Source
- Bark
- Flowers
- Leaves
- Roots
- Seeds
- Twigs
- Extracted Form
- Liquid
- Powder
- Application
- Aromatherapy & Essential Oils
- Cosmeceuticals & Personal Care
- Flavorings & Fragrances
- Functional Foods & Beverages
- Energy Drinks
- Functional Juices
- Sauce & Dressing
- Sports Drinks
- Homeopathic Remedies
- Nutraceuticals & Dietary Supplements
- Pharmaceuticals & Medicinal
- Cardiovascular Health
- Digestive Health
- Immune Support
- Stress Management and Relaxation
- Weight Management
- Distribution Channel
- Business-to-Business
- Business-to-Consumer
- Offline
- Online
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Botanicals Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Botanicals Market?
- What are the technology trends and regulatory frameworks in the Botanicals Market?
- What is the market share of the leading vendors in the Botanicals Market?
- Which modes and strategic moves are suitable for entering the Botanicals Market?
US $
Euro €
GBP £