USD 6.1 billion
Liquid Botanical Extracts Market Size, Share, Growth Analysis, By source(herbs, species, fruits, flowers), By application(personal care, medical drinks, food and other uses), By Technology(solvent extraction, cold pressing, steam distillation, supercritical CO2 extraction), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2073 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
97
|Figures:
76
Liquid Botanical Extracts Market Insights
Liquid Botanical Extracts Market size was valued at USD 6.1 billion in 2019 and is poised to grow from USD 6.53 billion in 2023 to USD 12.11 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).
The primary factors influencing the growth of the market are the rising demand for liquid botanical extracts in cosmetic applications, the rising demand for ready-to-use botanical extracts, the rising health and wellness trends with the consumption of natural health products, and the growing awareness of the advantages of herbal products over synthetic ones. The availability of alternatives, however, is anticipated to partially restrain this market's expansion.
Typically, liquid botanical extracts are ready to use, whereas powdered botanical extracts typically dissolve properly. As a result, they make it convenient and simple for formulators of cosmetics and medications. Additionally, adding one or more to a formulation enables the creation of an original and cutting-edge final product that is simple to advertise and promote sales for.
When compared to synthetic dyes, natural liquid plant extracts offer a superior choice for giving a product a pleasing, rich, and earthy hue. Specific bioactive ingredients found in liquid plant extracts provide distinctive skin-improving advantages for streamlined cosmetics. For instance, extracts with recognized antioxidant qualities are advantageous to use in both sun care and anti-aging products.
Its popularity among formulators of cosmetics and medicines is further increased by the employment of the quality assurance procedure of standardization, which ensures the composition of the liquid extract in terms of its active ingredients. Additionally, if they are ready to use, they are more affordable for commercial cosmetic uses since tiny amounts of botanical extracts are typically adequate.
US Liquid Botanical Extracts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
cosmetics and personal care items
Fastest Growth
cosmetics and personal care items
Growth Rate
7.1% CAGR
Global Liquid Botanical Extracts Market ($ Bn)
Country Share for North America Region (%)
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Liquid Botanical Extracts Market Segmental Analysis
Liquid Botanical Extracts Market is segmented based on source application, technology and region. On the basis of source, the Liquid Botanical Extracts Market is divided into herbs, species, fruits, flowers, roots, tea, leaves and other items. On the basis of application the Liquid Botanical Extracts Market is divided into cosmetic and personal care, medical drinks, food and other uses. On the basis of technology, the Liquid Botanical Extracts Market is divided into solvent extraction, cold pressing ,steam distillation, supercritical CO2 extraction, ultrasound assistant extraction, enfleurage and other technology. On the basis of region, the Liquid Botanical Extracts Market is divided into North America, Asia Pacific, Latin America, Europe and others.
Liquid Botanical Extracts Market Analysis by Source
Herbs, spices, fruits, flowers, roots, tea leaves, and other items make up the various segments of the global market, depending on the source. The liquid botanical extracts market was dominated by the herbs segment in 2021. The significant market share of this sector is primarily attributable to elements like growing public knowledge of the health benefits of liquid herbal extracts and increased consumer demand for herbal medications. Further boosting the need for liquid herbal extracts throughout the world is customers' preference for natural and organic food items to preserve their health and fitness. But throughout the course of the projection period, the flowers category is anticipated to develop at the greatest CAGR.
Liquid Botanical Extracts Market Analysis by Application
The market for liquid botanical extracts is divided into several categories based on its intended use, including cosmetics and personal care items, medicines, drinks, food, and other uses. The market is anticipated to reach its peak in 2022, with the cosmetics and personal care products category expected to have the greatest market share. This segment's significant market share is mostly due to the growing use of liquid botanical extracts in cosmetic and personal care products. In addition, the personal care sector is predicted to see a rise in consumer spending on cosmetics and personal care items as well as constantly shifting consumer trends. Utilizing liquid plant extracts in cosmetics applications is more practical than using powdered extracts since they may be put to the formulations immediately without having to be dissolved first.
Liquid Botanical Extracts Market Analysis by Technology
The liquid botanical extracts market is subdivided into many technological categories based on how they are extracted, including solvent extraction, cold pressing, steam distillation, supercritical CO2 extraction, ultrasound-assisted extraction, enfleurage, and other technologies. According to estimates, the solvent extraction category held the greatest market share for liquid botanical extracts worldwide in 2021. The significant market share of this industry can be attributed to a number of factors, including the increasing demand for water-soluble botanical extracts in the food and beverage industry, the increasing popularity of non-toxic solvent extractions, the ability to produce liquid botanical extracts of cosmetic and pharmaceutical grade, and the growing demand for non-toxic solvent extractions. However, the global liquid botanical extracts market is anticipated to increase quickly between 2021 and 2028 in the supercritical CO2 extraction sector.
Global Liquid Botanical Extracts Market By Application
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Liquid Botanical Extracts Market Regional Insights
Geographically, the liquid botanical extracts market is divided into Latin America, the Middle East & Africa, Europe, Asia-Pacific, and North America. According to estimates, North America held the greatest market share for liquid botanical extracts worldwide in 2021. The significant market share of this region is primarily explained by rising consumer awareness of the advantages of consuming foods containing naturally derived plant extracts, the abundance of aromatic medicinal plants, the escalating competition for natural resources, and government initiatives to advance technology.
The market for liquid botanical extracts is expected to grow quickly in Asia-Pacific during the forecast period, however, as a result of rising consumer awareness of the benefits of naturally derived extracts from plants, rapid economic development in China, India, and Southeast Asia, and a growing emphasis on healthy lifestyles. Additionally, the demand in the Asia-Pacific region is anticipated to increase in response to the rising demand for organic processed foods and drinks.
Global Liquid Botanical Extracts Market By Region
- Largest
- Fastest
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Liquid Botanical Extracts Market Dynamics
Liquid Botanical Extracts Market Drivers
Rise in Demand from F&B Sector to Drive the Market for Liquid Botanical Extracts Market
- Liquid botanical extracts are used widely throughout industries, not only medicine. These rank among the most important elements in the food and beverage industry. The use of liquid botanical extracts is expanding rapidly across all major food categories, including baked goods, dairy products, drinks, and savory items like sauces, snacks, and soups. Alcohol-free drinks make up a significant market for extracts. Products with a high sugar content, such as flavored water, infused water, or water, are being replaced with less sweet, more natural alternatives using a range of botanicals. The herbal market, which consists of blends of tea leaves, mint, floral notes, and mild spices, could benefit from the numerous prospects this will present.
Liquid Botanical Extracts Market Restraints
High Cost to Hinder Market Growth
- The dwindling supply of key raw materials needed to create goods with botanical extracts can be a significant limitation. The variable cost of these raw materials is another major constraint that makes it difficult for the producers of food and beverages to concentrate on their operations.
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Liquid Botanical Extracts Market Competitive Landscape
This industry has extremely good rivalry. The market is particularly profitable for two primary reasons: there are little entry barriers and these items are expensive. Businesses are realizing that in order to remain financially viable, they must innovate. One thing they are doing is expanding their worldwide reach through mergers and acquisitions, growth, and the ongoing release of new, superior, and healthier products.
Liquid Botanical Extracts Market Top Player's Company Profiles
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Martin Bauer Group
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Biomax Life Sciences Ltd.
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Organic Herb Inc.
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Nantong Sihai Plant Extracts Co., Ltd.
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Blue Sky Botanics Ltd.
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Döhler GmbH
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Prinova Group LLC
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Shaanxi Jiahe Phytochem Co., Ltd.
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Indena S.p.A.
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PT. Indesso Aroma
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Vidya Herbs Private Limited
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Naturalin Bio-Resources Co., Ltd.
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Plant Extracts International Inc.
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Sabinsa Corporation
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Xi'an Sost Biological Science & Technology Co., Ltd.
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Hunan Nutramax Inc.
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Ingredients By Nature, LLC
Liquid Botanical Extracts Market Recent Developments
- On October 2022, The first of IFF's global network of research, creative, and application centers to integrate the technologies, capabilities, and expertise of all four business divisions—Nourish, Health & Biosciences, Scent, and Pharma Solutions—will open its doors in Singapore. The company announced. It is the largest IFF property in the area at around 11,000 square meters.
- On January 2021, The distribution of medicinal and nutraceutical botanical goods in 38 countries will be made possible by Ransom Naturals' strategic commercial relationship with Barentz.
Liquid Botanical Extracts Key Market Trends
- After 2021, it's estimated that the demand for organic products has increase significantly. Manufacturers in the international botanical industry frequently launch new and cutting-edge goods as a result of the great demand for botanicals' practical features. To diversify their product offering and increase total sales, they are also providing ready-to-eat variations. They are also spending money on cutting-edge marketing plans and celebrity endorsements, which are predicted to accelerate market growth in the upcoming years.
Liquid Botanical Extracts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global liquid botanical extracts market analysis, the manufacturers in the market are focusing on increasing their consumer base by emphasizing opportunities presented by North America emerging markets. The new entrants are also focusing on launching products with the goal of increasing sustainability. They are focusing on providing ready to eat variations. But the dwindling supply of raw materials hampers the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.1 billion |
| Market size value in 2031 | USD 12.11 billion |
| Growth Rate | 7.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Liquid Botanical Extracts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Liquid Botanical Extracts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Liquid Botanical Extracts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Botanical Extracts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Botanical Extracts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Liquid Botanical Extracts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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