Botanical Extracts Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 7.02 Billion
CAGR (2026-2031)	9.39%
Fastest Growing Segment	Flavored Dairy Products
Largest Market	Europe
Market Size (2031)	USD 12.03 Billion

Market Overview

The Global Botanical Extracts Market will grow from USD 7.02 Billion in 2025 to USD 12.03 Billion by 2031 at a 9.39% CAGR. Botanical extracts are concentrated plant materials derived from roots, leaves, flowers, or seeds using solvents to isolate bioactive compounds for use in pharmaceuticals, food and beverages, and cosmetics. The market is primarily supported by a fundamental shift in consumer preference toward clean-label products, which necessitates the replacement of synthetic additives with natural alternatives across the manufacturing sector. Furthermore, the global rise in preventative healthcare acts as a structural driver, increasing the incorporation of plant-based ingredients into functional foods and medicinal products independent of transient flavor trends.

However, the industry faces a significant challenge regarding the stability of the raw material supply chain, where climate change and geopolitical factors frequently disrupt agricultural production and compromise ingredient consistency. These disruptions often lead to price volatility and complicate the rigorous quality standardization required by international regulatory bodies. According to the American Botanical Council, in 2025, retail sales of herbal dietary supplements in the United States reached 13.23 billion dollars for the year 2024, indicating resilient demand despite these persistent upstream supply hurdles.

Key Market Drivers

The growth of the dietary supplement and nutraceutical industries serves as a primary force propelling market expansion. Consumers are increasingly turning to herbal formulations for preventive health, stress management, and immune support, shifting focus from synthetic vitamins to plant-based actives. This trend is characterized by the rapid mainstream adoption of adaptogens and traditional herbal remedies, which are now staples in preventative healthcare regimens. According to the Council for Responsible Nutrition, October 2024, in the '2024 Consumer Survey', usage of the botanical supplement Ashwagandha among American supplement users reached 8%, representing a significant four-fold increase since 2020. This underscores the structural shift toward botanical ingredients as essential components of modern wellness strategies.

Rising consumer demand for clean-label and plant-based ingredients is also reshaping product formulation across the food, beverage, and personal care sectors. Manufacturers are actively replacing synthetic additives with botanical extracts that provide natural flavoring and functional benefits to align with transparency standards. This industrial pivot is reflected in the performance of key ingredient suppliers. According to Givaudan, January 2025, in the '2024 Full Year Results', sales in the Taste & Wellbeing division reached 3,752 million Swiss francs, driven by a 10.7% like-for-like growth. Furthermore, highlighting the cross-sector relevance of natural ingredients, according to the Soil Association Certification, April 2024, in the 'Organic Beauty and Wellbeing Market Report 2024', sales of organic mother and baby care products in the UK surged by 65%, validating the high demand for botanical purity.

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Key Market Challenges

The volatility of the raw material supply chain constitutes a formidable barrier to the expansion of the Global Botanical Extracts Market. As climate change and geopolitical instability disrupt agricultural yields, manufacturers face unpredictable ingredient shortages and fluctuating operational costs. This uncertainty directly counters the industry's ability to consistently replace synthetic additives with natural alternatives, as producers cannot rely on a steady flow of high-quality botanical inputs. Consequently, the risk of supply failure forces manufacturers to hesitate in scaling up clean-label product lines, thereby stifling the potential for broader market adoption.

This disruption is especially damaging given the entrenched consumer reliance on these ingredients which makes inventory stability crucial. According to the Council for Responsible Nutrition, in 2024, 75% of Americans reported using dietary supplements, illustrating a massive, established user base that necessitates consistent product availability. When agricultural factors compromise ingredient consistency, companies struggle to meet this demand while adhering to rigorous quality standards. The inability to guarantee standardized bioactive levels due to environmental stress further hampers growth, as it complicates compliance with international regulations and threatens to erode consumer trust in the efficacy of botanical formulations.

Key Market Trends

The expansion into functional beverages and hydration products represents a decisive shift in market dynamics, as consumers increasingly prioritize convenient, ready-to-drink formats over traditional capsules. This trend drives manufacturers to develop water-soluble and flavor-neutral botanical ingredients that can withstand thermal processing without losing bioactivity. Consequently, ingredient suppliers are restructuring their portfolios to cater to this surge in "drinkable wellness," which blends hydration with targeted health benefits such as energy or relaxation. This strategic pivot is evident in the financial performance of major industry players. According to Kerry Group, February 2025, in the 'Annual Report 2024', the Taste & Nutrition division achieved an EBITDA of 1.25 billion euros, representing a 5.9% increase that was largely attributed to significant volume progression and outperformance in the functional food and beverage end markets.

Simultaneously, the integration of botanicals into personalized nutrition ecosystems is redefining product development strategies. Advances in diagnostic tools and data analytics now enable brands to curate tailored supplement regimens based on individual biological needs, moving the industry away from one-size-fits-all multivitamins. This evolution forces extract producers to maintain diverse inventories of specific, high-purity ingredients to support niche health claims ranging from sleep support to metabolic health. The demand for such customization is becoming a dominant consumer expectation. According to the Council for Responsible Nutrition, October 2024, in the '2024 Consumer Survey', 69% of dietary supplement users emphasized the importance of a personalized regimen when selecting products, underscoring the critical role of tailored botanical solutions in modern preventative health strategies.

Segmental Insights

The flavored dairy products segment stands out as the fastest-growing category in the global botanical extracts market, primarily driven by rising consumer demand for clean-label and functional food options. Manufacturers are increasingly replacing synthetic additives with natural plant extracts in yogurts and milk beverages to offer health benefits such as immune support. This shift is supported by safety designations from regulatory bodies like the Food and Drug Administration, which facilitate the inclusion of various botanical ingredients in food formulations. Consequently, the dairy industry is rapidly adopting these extracts to meet evolving dietary preferences for natural nutrition.

Regional Insights

Europe maintains a leading position in the Global Botanical Extracts Market, driven by widespread consumer demand for clean-label and organic products. This dominance is fueled by the extensive application of plant-based ingredients in the pharmaceutical, cosmetic, and food and beverage industries, where manufacturers prioritize natural extracts over synthetic additives. Additionally, the region benefits from a robust regulatory framework overseen by the European Food Safety Authority (EFSA). These rigorous safety and quality standards ensure superior product integrity, fostering deep consumer trust and sustaining Europe's command over the global market.

Recent Developments

In July 2025, BioVivo Science inaugurated a new USD 70 million botanical extraction and processing facility in Jeffersonville, Indiana, significantly increasing domestic production capacity. Coinciding with this operational milestone, the company introduced a water-soluble American Ginseng extract at the IFT FIRST exhibition. This new ingredient, sourced from roots grown in the United States, was developed to provide immune support and cognitive benefits for functional food and beverage applications. The facility was designed to enhance supply chain security and traceability, enabling the company to offer precision extraction services and customized formulation support to North American clients.
In November 2024, Layn Natural Ingredients announced the European launch of TruGro® CGA, a specialized feed ingredient derived from stevia leaf botanical extracts. Unveiled at the EuroTier trade show in Germany, this product was engineered to support the health and growth of piglets during the stressful post-weaning phase. The company stated that the ingredient utilized the antioxidant properties of chlorogenic acids to reduce oxidative stress and promote better gut health in livestock. This launch represented a strategic expansion of the company's botanical portfolio into the animal nutrition market, offering a natural solution for swine producers.
In September 2024, Givaudan Active Beauty launched the [N.A.S.]™ Vibrant Collection, a specialized range of vegan botanical extracts designed for hybrid make-up formulations. This portfolio featured five oil-dispersible powders derived from natural sources such as turmeric, gardenia, spirulina, and radish. The company developed these ingredients to deliver biological benefits, including antioxidant protection and anti-aging effects, while simultaneously ensuring color stability and intensity in cosmetic products. This product introduction targeted the growing market trend where consumers increasingly seek make-up items that offer the functional skincare advantages of natural botanical ingredients.
In April 2024, Evonik Industries AG established a new "Botanicals & Natural Actives" business segment to consolidate its global expertise in botanical extracts. This strategic reorganization integrated the company's legacy capabilities with assets from recent acquisitions, including a Swiss sustainable botanicals specialist and an Argentinian biotechnology firm. Located within the Nutrition & Care division, the new segment was formed to address the increasing demand for claim-substantiated natural ingredients in the personal care sector. The company aimed to leverage this consolidated structure to provide tailored, plant-inspired solutions and differentiated biotech actives to cosmetic manufacturers worldwide.

Key Market Players

Givaudan
DSM-Firmenich
Sensient Technologies
Frutarom
Blue Sky Botanics
Ransom Naturals
Prinova
P.T. Indesso Aroma
Synergy Flavors
Haldin Natural

By Application	By Form	By Source	By Region
Bakery & Confectionery Sauces and Dressings Alcoholic Beverages Carbonated Soft Drinks Iced Teas Flavored Dairy Products and Others	Powder and Liquid	Spices Herbs Tea leaves and Flowers	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Botanical Extracts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Botanical Extracts Market, By Application:

Bakery & Confectionery
Sauces and Dressings
Alcoholic Beverages
Carbonated Soft Drinks
Iced Teas
Flavored Dairy Products and Others

Botanical Extracts Market, By Form:

Powder and Liquid

Botanical Extracts Market, By Source:

Spices
Herbs
Tea leaves and Flowers

Botanical Extracts Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Botanical Extracts Market.

Available Customizations:

Global Botanical Extracts Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Botanical Extracts Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Botanical Extracts Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Application (Bakery & Confectionery, Sauces and Dressings, Alcoholic Beverages, Carbonated Soft Drinks, Iced Teas, Flavored Dairy Products and Others)

5.2.2. By Form (Powder and Liquid)

5.2.3. By Source (Spices, Herbs, Tea leaves and Flowers)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Botanical Extracts Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Application

6.2.2. By Form

6.2.3. By Source

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Botanical Extracts Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Application

6.3.1.2.2. By Form

6.3.1.2.3. By Source

6.3.2. Canada Botanical Extracts Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Application

6.3.2.2.2. By Form

6.3.2.2.3. By Source

6.3.3. Mexico Botanical Extracts Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Application

6.3.3.2.2. By Form

6.3.3.2.3. By Source

7. Europe Botanical Extracts Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Application

7.2.2. By Form

7.2.3. By Source

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Botanical Extracts Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Application

7.3.1.2.2. By Form

7.3.1.2.3. By Source

7.3.2. France Botanical Extracts Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Application

7.3.2.2.2. By Form

7.3.2.2.3. By Source

7.3.3. United Kingdom Botanical Extracts Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Application

7.3.3.2.2. By Form

7.3.3.2.3. By Source

7.3.4. Italy Botanical Extracts Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Application

7.3.4.2.2. By Form

7.3.4.2.3. By Source

7.3.5. Spain Botanical Extracts Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Application

7.3.5.2.2. By Form

7.3.5.2.3. By Source

8. Asia Pacific Botanical Extracts Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By Form

8.2.3. By Source

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Botanical Extracts Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By Form

8.3.1.2.3. By Source

8.3.2. India Botanical Extracts Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By Form

8.3.2.2.3. By Source

8.3.3. Japan Botanical Extracts Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By Form

8.3.3.2.3. By Source

8.3.4. South Korea Botanical Extracts Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Application

8.3.4.2.2. By Form

8.3.4.2.3. By Source

8.3.5. Australia Botanical Extracts Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Application

8.3.5.2.2. By Form

8.3.5.2.3. By Source

9. Middle East & Africa Botanical Extracts Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By Form

9.2.3. By Source

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Botanical Extracts Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By Form

9.3.1.2.3. By Source

9.3.2. UAE Botanical Extracts Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By Form

9.3.2.2.3. By Source

9.3.3. South Africa Botanical Extracts Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By Form

9.3.3.2.3. By Source

10. South America Botanical Extracts Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By Form

10.2.3. By Source

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Botanical Extracts Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By Form

10.3.1.2.3. By Source

10.3.2. Colombia Botanical Extracts Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By Form

10.3.2.2.3. By Source

10.3.3. Argentina Botanical Extracts Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By Form

10.3.3.2.3. By Source

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Botanical Extracts Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Givaudan

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. DSM-Firmenich

15.3. Sensient Technologies

15.4. Frutarom

15.5. Blue Sky Botanics

15.6. Ransom Naturals

15.7. Prinova

15.8. P.T. Indesso Aroma

15.9. Synergy Flavors

15.10. Haldin Natural

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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