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

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.