Botanical Ingredients Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

The global botanical ingredients market size is expected to be worth around US$ 280.9 billion by 2030, according to a new report by Vision Research Reports.

The global botanical ingredients market size was valued at US$ 146.38 billion in 2020 and is anticipated to grow at a CAGR of 7.9% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 280.9 Bn by 2030
Growth Rate CAGR of 7.9% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Source, form, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned International Flavors & Fragrance,7 Inc.; Indesso Aroma; Bell Flavors & Fragrances; Prakruti Products Pvt. Ltd.; Berje Inc.; Umalaxmi Organics Pvt. Ltd.; AmbePhytoextracts Pvt. Ltd.; Ribus Inc.; The Green Labs LLC; Rutland Biodynamics Ltd.; Lipoid Kosmetic AG; and The Herbarie at Stoney Hill Farm, Inc

Growth Factors

 The market is witnessing growth primarily due to the rising health-conscious consumer base coupled with clean label trends in the pharmaceutical, food, and beverage industries. Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, botanical ingredients are being increasingly utilized in the manufacturing of food & beverages as they are a rich source of bioactive compounds and render a diverse range of biological effects.

By Source Analysis

The spices segment led the market in 2020 accounting for a 28.3% share of the global revenue. The segment is expected to witness substantial gain over the forecast period due to changing lifestyles demanding healthy food that is convenient along with a popular trend of experiencing novel foods.

This can be attributed to changing lifestyles and inclination towards leading a luxurious and healthy lifestyle, which has contributed to the growth of horticulture along with the botanical flower industry.

The herbs segment is expected to witness a CAGR of 8.3% during the forecast period on account of their extensive utilization of traditional medicines. Herb-based medicinal products are gaining importance globally on account of their health benefits, such as improved metabolism &immune system, and stabilization of hormones.

By Form Analysis

The powder segment accounted for the largest market share of 61.0%, in terms of revenue, in 2020. Botanical ingredients, extracted in the form of powder, are widely utilized to enhance the palatability of food and beverages as well as preservatives.

The liquid form is more suitable for making Ready-to-Drink (RTD) beverages, cold beverages, and beverage mixes. The growing popularity of RTD beverages, owing to their ease of consumption, strong nutritional profile, and easy availability, is expected to drive the demand for liquid form in the market.

By Application Analysis

The food and beverage application segment dominated the market in 2020 with over 34% share of global revenue. Botanical ingredients are increasingly being incorporated into various food & beverage applications owing to their unique flavor and health benefits.

Beverages accounted for a significant share in the application segment in 2020 owing change in lifestyle of consumers, which have propelled the demand for RTD beverages. In addition, increasing efforts by the manufacturer to develop RTD beverages with different flavors and fortified botanical ingredients are benefitting the segment growth.

The use of botanical ingredients in pharmaceuticals is one of the upcoming trends in the current market scenario. Growing demand for plant-based medicines and rising awareness about the benefits of botanical ingredients are likely to be the major factors driving the market over the forecast period.

By Regional Analysis

North America dominated the market and accounted for more than 35% share of global revenue in 2020. The high prevalence of various lifestyle diseases in the U.S. and Mexico, due to the rising cases of obesity, is expected to support the growth of the regional market.

Asia Pacific is expected to witness the fastest CAGR during the forecast years. Factors, such as the penetration of organized and e-commerce retail, are driving the consumption of convenience food products incorporated with botanical ingredients.

Key Players

  • Indesso
  • Lipoid Kosmetic AG
  • The Herbarie at Stoney Hill Farm, Inc.
  • International Flavors& Fragrances, Inc.
  • Bell Flavors& Fragrances
  • Rutland Biodynamics Ltd.
  • Prakruti Products Pvt. Ltd.
  • AmbePhytoextractsPvt. Ltd.
  • The Green Labs LLC
  • Berje, Inc.
  • Umalaxmi Organics Pvt. Ltd.
  • DSM

Market Segmentation

  • By Form
    • Powder
    • Liquid
  • By Source
    • Herbs
    • Leaves
    • Spices
    • Flowers
    • Others
  • By Application
    • Food & Beverages
      • Food
        • Bakery & Confectionery
        • Sauces & Dressings
        • Others
      • Beverages
        • Energy Drinks
        • Sports Drinks
        • Functional Juices
        • Others
    • Dietary Supplements
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Botanical Ingredients Market, By Form

7.1.  Botanical Ingredients Market, by Form, 2021-2030

7.1.1.    Powder

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Liquid

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Botanical Ingredients Market, By Source

8.1.  Botanical Ingredients Market, by Source, 2021-2030

8.1.1.    Herbs

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Leaves

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Spices

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Flowers

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Botanical Ingredients Market, By Application

9.1.  Botanical Ingredients Market, by Application, 2021-2030

9.1.1.    Food & Beverages

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Dietary Supplements

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Personal Care & Cosmetics

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Pharmaceuticals

9.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Botanical Ingredients Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Form (2017-2030)

10.1.2.  Market Revenue and Forecast, by Source (2017-2030)

10.1.3.  Market Revenue and Forecast, by Application (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Form (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Source (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Form (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Source (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Form (2017-2030)

10.2.2.  Market Revenue and Forecast, by Source (2017-2030)

10.2.3.  Market Revenue and Forecast, by Application (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Form (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Source (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Form (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Source (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Form (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Source (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Form (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Source (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Form (2017-2030)

10.3.2.  Market Revenue and Forecast, by Source (2017-2030)

10.3.3.  Market Revenue and Forecast, by Application (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Form (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Source (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Form (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Source (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Form (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Source (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Form (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Source (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Form (2017-2030)

10.4.2.  Market Revenue and Forecast, by Source (2017-2030)

10.4.3.  Market Revenue and Forecast, by Application (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Form (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Source (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Form (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Source (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Form (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Source (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Form (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Source (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Form (2017-2030)

10.5.2.  Market Revenue and Forecast, by Source (2017-2030)

10.5.3.  Market Revenue and Forecast, by Application (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Form (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Source (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Form (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Source (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

Chapter 11.  Company Profiles

11.1.              Indesso

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Lipoid Kosmetic AG

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              The Herbarie at Stoney Hill Farm, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              International Flavors& Fragrances, Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Bell Flavors& Fragrances

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Rutland Biodynamics Ltd.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Prakruti Products Pvt. Ltd.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              AmbePhytoextractsPvt. Ltd.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              The Green Labs LLC

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Berje, Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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