IMARC Group, a leading market research company, has recently released a report titled "Botanical Ingredients Market Size, Share, Trends and Forecast by Source, Form, Application, and Region, 2025-2033" The study provides a detailed analysis of the industry, including the global botanical ingredients market share, size, growth, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Botanical Ingredients Market Overview

  • Botanical Ingredients Market Size: Valued at USD 170.38 Billion in 2024.
  • Botanical Ingredients Market Forecast: The market is expected to reach USD 272.82 Billion by 2033, growing at an impressive rate of 5.10% annually.
  • Market Growth: The botanical ingredients market is experiencing robust growth driven by increasing consumer preference for natural products and rising health awareness globally.
  • Clean Label Movement: Growing demand for transparency in product sourcing and composition is pushing manufacturers to adopt botanical alternatives across food, beverage, and cosmetic applications.
  • Regional Leadership: North America commands the largest market share at 34.8%, fueled by stringent regulatory standards promoting natural products and high consumer awareness.
  • Sustainability Focus: Consumers are prioritizing ethically sourced and sustainably produced botanical ingredients, with companies investing heavily in traceability frameworks.
  • Key Players: Industry leaders include Ambe Phytoextracts Pvt Ltd., International Flavors & Fragrances Inc., Lipoid Kosmetik AG, and Prakruti Products Pvt. Ltd., which dominate the market with innovative natural solutions.
  • Market Challenges: Ensuring consistent quality and managing supply chain complexities for rare botanical sources present ongoing challenges.

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Our report includes:

  • Market Dynamics
  • Market Trends and Market Outlook
  • Competitive Analysis
  • Industry Segmentation
  • Strategic Recommendations

Industry Trends and Drivers:

  • Surging Health Consciousness Reshaping Consumer Choices:

Health-focused consumers consider labels and buy products whose ingredients have a health and wellness component. According to research by the food industry, 84% of consumers cite health and wellness as the most important factor influencing what they purchase for fresh food, and 65% prefer foods that someone makes with natural ingredients. This holds true especially in the food and beverage industries. There, a trend exists with consumers avoiding synthetic additives and substances. Plant-sourced botanicals, derived directly from plant sources, are perceived as safer and more natural by people. Scientific evidence further substantiates the health benefits from plant ingredients that contain antioxidants, vitamins, and minerals and increasingly improves consumer confidence within food applications that use natural flavorings, nutritional additives, dietary supplements, and functional foods.

  • Clean Beauty Revolution Transforming Personal Care:

The cosmetics and personal care industry is set for a new future as consumers become more aware of the potential harm of using synthetic chemicals. Research shows that amongst consumers, 68% seek clean ingredients in their skin care products, a factor that plays into their decision making upon going on social media sites such as Instagram. Botanical ingredient products gain popularity. These products seem safer. These products seem effective. These products seem therapeutic with side effects that are fewer. The clean beauty movement pushes for transparency in how companies source and produce products and many cosmetic manufacturers reformulate their products to exclude ingredients that are not 'clean'. Thus companies have begun using these natural botanical extracts, oils and essences in products, and this is seen as a permanent change to consumer attitudes about personal care products and their desire for safety and eco-friendliness above efficacy.

  • Pharmaceutical Innovation Embracing Natural Solutions:

Due to the side effects of synthetic drugs, and the world health statistics showing that 80% of the world population is estimated to currently use herbal medicines, 40% of pharmaceuticals currently on the market are derived from natural products. Thus, there is a real and growing interest in herbal drugs in pharmaceutical sciences. This renewed interest is attributed to consumer demand for natural therapeutics and increased resources devoted by pharmaceutical companies and research institutions to plant and herb derived medicines. Systems of customary medicine that use plants for therapeutic purposes have also regained prestige and scientific validation. As pharmaceutical companies look to the treatment of both common and chronic disease, the production of botanical drugs (standardized herbal extracts) or plant-based dietary supplements to meet their quality specifications offers an opportunity for botanical ingredient suppliers.

  • Strategic Partnerships Driving Innovation:

Another goal intends to position the industry strongly within the natural raw materials market by collaborating. In January 2024, for example, Lipoid Kosmetik joined to the NATRUE label to promote high quality, sustainable natural cosmetics. Because the company has a portfolio of NATRUE-certified cosmetics and products that comply with COSMOS, the industry generally trends toward higher purity, transparency, and quality, which strengthens the company's credibility. In April 2024 Evonik Industries announced a new business line with a focus on Botanicals & Natural Actives, leveraging the know-how of legacy as well as acquired products from companies like Novachem and Botanica. Evonik, an ingredient supplier, plans to fulfill the rising demand for botanical extracts and natural actives in BPC applications. In December 2024 Tate & Lyle PLC announced a partnership deal with BioHarvest Sciences for developing plant-based ingredients toward food and beverage products using botanical synthesis technology, a meaningful development in the drive to bring plant-based molecules to the food industry.

Botanical Ingredients Market Report Segmentation:

Breakup by Source:

  • Herbs
  • Leaves
  • Spices
  • Flowers
  • Others

Spices dominate with 39.2% market share, offering a diverse range of products like pepper, cinnamon, turmeric, and ginger valued for their flavoring, preservative, and medicinal properties.

Breakup by Form:

  • Powder
  • Liquid

Powder leads with 60.5% market share, preferred for its versatility, long shelf life, ease of storage, and convenience in handling and transportation across industries.

Breakup by Application:

  • Food and Beverages
  • Dietary Supplements
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Others

Food and beverages lead the market due to widespread use of botanicals in flavoring, coloring, and enhancing nutritional value, aligning with the global clean-label product trend.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Ambe Phytoextracts Pvt Ltd.
  • Bell Flavors & Fragrances
  • Berje Inc.
  • International Flavors & Fragrances Inc.
  • Lipoid Kosmetik AG
  • New Directions Aromatics Inc.
  • Prakruti Products Pvt. Ltd.
  • PT. Indesso Aroma
  • Rutland Biodynamics Ltd.
  • Saba Botanical of Usa Inc.
  • The Green Labs LLC
  • The Herbarie at Stoney Hill Farm Inc.

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