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

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 experiencing significant growth and offers promising opportunities for market players. The market insight reveals that the increasing consumer preference for natural and organic products, coupled with the rising awareness regarding the health benefits of botanical ingredients, is driving the demand for botanicals across various industries.

The use of botanicals in food and beverages, personal care products, and dietary supplements is on the rise. Additionally, the growing trend of clean label and sustainable products further fuels the demand for botanicals. The market is witnessing a shift towards sustainable sourcing and production practices, as consumers seek transparency and ethical sourcing. The market insight indicates that the global botanicals market is expected to continue its upward trajectory in the coming years, driven by the growing demand for natural and plant-based ingredients in various consumer products.

US Botanicals Market is poised to grow at a sustainable CAGR for the next forecast year.