Global Botanicals Market

Botanicals Size, Share, Growth Analysis, By Form (Powder, Liquid), By Source (Herbs, Spices), By Region - Industry Forecast 2025-2032

Report ID: SQMIG30C2098 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 92 | Figures: 76

Botanicals Market News

  • In February 2023, Blossom Botanicals, a renowned botanicals company, introduced a new range of organic herbal teas, leveraging unique combinations of botanical ingredients to promote overall wellness and relaxation. The teas are sourced from sustainably grown plants and undergo rigorous quality testing to ensure purity and efficacy.
  • In April 2023, GreenLife Pharmaceuticals, a leading player in the botanicals market, unveiled a breakthrough botanical-based skin care solution. The product harnesses the power of rare botanical extracts and advanced formulation techniques to address various skin concerns, including aging, hydration, and rejuvenation. Its natural ingredients provide nourishment and protection while promoting a youthful and radiant complexion.
  • In June 2023, HerbEssentials, a prominent botanicals company, partnered with a renowned celebrity chef to develop a unique line of gourmet foods infused with botanical extracts. The collaboration aims to bring together the flavors and benefits of carefully selected botanicals with culinary expertise, offering consumers a delightful and healthy dining experience. The products range from infused oils and dressings to specialty sauces, providing a new dimension of flavor to gourmet cuisine.
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Botanicals Market size was valued at USD 138.8 Billion in 2023 and is poised to grow from USD 148.52 Billion in 2024 to USD 255.17 Billion by 2032, growing at a CAGR of 7.0% during the forecast period (2025-2032).

The global botanicals market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Botanicals. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'Indesso Aroma ', 'Synergy Flavors Inc. ', 'Nutra Green Biotechnology Co., Ltd. ', 'Ransom Naturals Ltd. ', 'Bell Flavors & Fragrances ', 'Blue Sky Botanics Ltd ', 'Martin Bauer Group ', 'Givaudan S.A. ', 'Naturex (A Givaudan Brand) ', 'NOW Foods ', 'Himalaya Drug Company ', 'Gaia Herbs, LLC ', 'Amway Corporation ', 'Archer-Daniels-Midland Company (ADM) ', 'Dr. Willmar Schwabe GmbH & Co. KG ', 'International Flavors & Fragrances Inc. (IFF) ', 'Lipoid Kosmetik AG ', 'Sabinsa Corporation ', 'Nature’s Sunshine Products'

One of the key drivers of the global botanicals market is the rising consumer demand for natural and organic products. Consumers are becoming more conscious about their health and wellness and are seeking products that are derived from natural sources. Botanicals, which are plant-based ingredients used in various products including food, beverages, cosmetics, and healthcare, are perceived as healthier and safer alternatives to synthetic ingredients. The growing awareness about the potential health benefits of botanicals, such as their antioxidant and anti-inflammatory properties, is driving the demand for botanical-based products in the market.

One key market trend in the global botanicals market is the growing demand for natural and plant-based ingredients in various industries. Consumers are increasingly seeking products that are derived from botanical sources, driven by a rising awareness of health and wellness benefits associated with natural ingredients. This trend is observed across sectors such as food and beverages, personal care, and pharmaceuticals. Manufacturers are incorporating botanical extracts and formulations into their products to cater to this demand and capitalize on the growing market potential. Additionally, the trend towards sustainability and eco-friendly practices further supports the adoption of botanicals, as they are often considered more environmentally friendly compared to synthetic alternatives.

One dominant region in the global botanicals market is Europe. Europe has a long history of botanical medicine and is known for its strong herbal traditions. The region is home to several countries that have a rich botanical heritage and a well-established market for botanical products. European consumers have a high level of awareness and demand for natural and organic products, including botanicals, which drives the growth of the market. Additionally, the European Union has implemented regulations to ensure the safety and quality of botanical products, further supporting the market's development.

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Global Botanicals Market

Report ID: SQMIG30C2098

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