Herbal Extract

Global Herbal Extract Market to Reach US$45.1 Billion by 2030

The global market for Herbal Extract estimated at US$31.3 Billion in the year 2024, is expected to reach US$45.1 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2024-2030. Turmeric Type, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$12.1 Billion by the end of the analysis period. Growth in the Cumin Type segment is estimated at 0.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.5 Billion While China is Forecast to Grow at 9.7% CAGR

The Herbal Extract market in the U.S. is estimated at US$8.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Herbal Extract Market – Key Trends & Drivers Summarized

Why Are Herbal Extracts Becoming a Vital Component in Nutraceuticals and Functional Foods?

Herbal extracts have seen exponential growth across multiple industries, particularly in nutraceuticals, functional foods, and pharmaceuticals. Derived from plants, leaves, roots, and flowers, these concentrated botanical extracts provide essential bioactive compounds with therapeutic benefits. The increasing preference for natural remedies over synthetic alternatives has fueled the adoption of herbal extracts in dietary supplements, beverages, and traditional medicine. Growing concerns over lifestyle diseases such as diabetes, obesity, and cardiovascular conditions have further amplified the demand for plant-based functional ingredients. Consumers are increasingly incorporating herbal extracts such as turmeric, ginseng, echinacea, and ashwagandha into their daily routines to enhance immunity, cognitive function, and overall well-being.

How Are Innovations Improving the Efficiency of Herbal Extracts?

Technological advancements in extraction methods have significantly improved the potency and bioavailability of herbal extracts. Supercritical CO2 extraction, ultrasonic-assisted extraction, and nano-encapsulation techniques have enhanced the efficiency of bioactive compound delivery, ensuring better absorption and efficacy. Additionally, the development of standardized herbal extracts with precise concentrations of active ingredients has improved consistency and reliability for pharmaceutical and nutraceutical applications. Water-soluble herbal extracts are also gaining popularity, enabling seamless integration into functional beverages and ready-to-drink formulations. The combination of traditional botanical wisdom with modern scientific advancements is driving innovation in the herbal extract market, making these products more effective and accessible.

Why Is Demand for Herbal Extracts Increasing Across Industries?

The demand for herbal extracts is on the rise due to their expanding applications in food, medicine, and cosmetics. The dietary supplement industry remains a key driver, with consumers seeking plant-based alternatives to synthetic vitamins and medications. The beauty and personal care sector is also embracing herbal extracts for anti-aging, anti-inflammatory, and skin-rejuvenation formulations. Additionally, the pharmaceutical industry is increasingly incorporating botanical extracts into natural therapeutics for stress relief, digestion, and pain management. The rising consumer awareness of gut health and the microbiome has also contributed to the growing use of herbal extracts in probiotic supplements. As functional foods gain mainstream acceptance, the demand for plant-derived bioactives is expected to increase.

What Are the Key Factors Driving the Growth of the Herbal Extract Market?

The growth in the herbal extract market is driven by increasing consumer demand for natural and plant-based wellness solutions, advances in extraction technology, and the expanding regulatory approval of botanical ingredients. The clean-label movement has encouraged food and beverage manufacturers to incorporate herbal extracts into their formulations, replacing artificial additives. Additionally, the rise of integrative medicine and alternative therapies has strengthened the market for herbal extracts in healthcare applications. The global push for sustainable and organic farming has also ensured a steady supply of high-quality botanical raw materials, further propelling market growth. As herbal extracts continue to gain scientific validation and consumer trust, their market presence is expected to grow across multiple industries.

SCOPE OF STUDY:

The report analyzes the Herbal Extract market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Turmeric Type, Rosemary Type, Ginseng Type, Aloe Type, Nutmeg Type, Sage Type, Garlic Type, Cranberry Type, Saw Palmetto Type, Cumin Type, Lecithin Type, Valerian Type, Cherry Type, Pygeum Africanum Type, Beet Root Type, Olive Leaf Type, Holy Basil Type, Elder Berry Type, Horehound Type, Lycium Type, Ginger Type, Orange Type, Cinnamon Type, Green Tea Type, Flax Type, Curcumin Type, Fenugreek Seed Type, Capsaicin Type, Anise Type, Ashwagandha Type, Kale Type, Other Types); Application (Personal Care & Cosmetics Application, Food & Beverages Application, Animal Feed Application, Pharmaceuticals Application, Nutraceuticals Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• Bio-Botanica Inc.
• Blue Sky Botanics Ltd.
• Blue Star Corp.
• Botanic Healthcare
• FoodRGB Inc.
• Frutarom Industries Ltd.
• Gaia Herbs
• GENEIII Biotech
• Haldin Natural
• Herb Pharm
• MartinBauer Group
• Mountain Rose Herbs
• MTC Industries Inc.
• Nature`s Bounty
• Organic Herb Inc.
• Plant Extracts International Inc.
• Prinova Group LLC
• PT. Indesso Aroma
• Ransom Naturals Ltd.
• Synergy Flavors Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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