Plant Extracts Market Share, Size, Trends, Industry Analysis Report
By Product Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids); By Application; By Form; By Source; By Region; Segment Forecast, 2025 - 2034
- Published Date:Sep-2025
- Pages: 114
- Format: PDF
- Report ID: PM1927
- Base Year: 2024
- Historical Data: 2020-2023
The global plant extracts market size was valued at USD 42.71 billion in 2024, growing at a CAGR of 11.3% from 2025–2034. Increasing demand for plant extract from end-use industries, primarily food & beverages, is a crucial factor accelerating the market’s growth. Additionally, the market for plant extracts is anticipated to experience a rapid expansion due to efforts taken by food and beverage manufacturers to replace chemicals with natural alternatives.
Key Insights
- Essential oils dominated the market. This is due to the concentrated, volatile, aromatic compounds of the plant, which are also the primary aromatic features of the plant, and they are steam distilled to extract oil.
- The food & beverage segment held the largest market share in 2024. This is often related to specific health properties, such as energizing, boosting the immune system, improving skin health, increasing focus, and providing relaxation.
- The dry form plant extracts segment is expected to hold a significant revenue share by 2034. This is driven by its application in many industries such as cosmetics, food & beverages, pharmaceuticals, and others.
- Asia Pacific dominated the plant extracts market in 2024. The is due to the established traditional medical practices and the fast-evolving natural product market in the region.
- The North America market is expected to witness growth during the forecast period. This is due to rise in demand from consumers who prefer natural, organic, and clean label products in the food, cosmetics, and nutraceutical sectors.
Industry Dynamics
- Regulatory bodies and governments are increasingly advocating for less synthetic chemicals in consumer products, leading to an environment where natural products can flourish.
- Essential oils have multi-functional benefits like anti-inflammatory, antioxidant, and antimicrobial properties. These benefits increase the viability of product performance related to natural ingredients while addressing expectations from health-conscious consumers.
- Supply chain changes, such as seasonal variations in raw materials and changes in agricultural quality, create inconsistency in extracting the supply and pricing.
- A rise in demand for natural ingredients in food, clean-label, cosmetics, and pharma creates opportunities and expand development of new products.
Market Statistics
- 2024 Market Size: USD 42.71 billion
- 2034 Projected Market Size: USD 124.91 billion
- CAGR (2025-2034): 11.3%
- Asia Pacific: Largest market in 2024
AI Impact on Plant Extracts Market
- AI optimize extraction for production of higher yield and better purity, while reducing waste and using less energy by executing precise control of parameters such as temperature and pressure.
- The use of machine learning algorithms can analyze large sets of information to predict optimal growth conditions for botanicals, resulting in higher concentrations of the active compounds of interest.
- Computer vision system offer automation of quality control, quickly and accurately identifying contaminants and assessing raw materials for authenticity, all to ensure consistent product quality and safety.
- AI-powered predictive analytics identify market demand and optimize stock levels, streamlining the supply chain from the farm to the finished goods.
Plant extracts are active substances extracted from plant tissue by treatment for a specific purpose. The shift from chemical and synthetic additives is due to the growing awareness regarding health, wellness, and sustainability, which has boosted the demand for plant-based solutions across the food, beverage, cosmetics, and pharmaceutical sectors. The shift towards clean label ingredients and transparency in the sustainability of ingredients also supports growth, specifically on consumer decision-making platforms.
New methods of extraction, such as supercritical fluid extraction, ultrasonic-assisted extraction, and microwave-assisted methods, help to increase the efficiency, purity, and yield of bioactive compounds. Technological integration reduce environmental impact by using low levels of solvents and energy for extraction, provides better quality extracts, and more consistent bioactivity. Manufacturers are utilizing advanced extraction methods to meet regulatory requirements and consumers' expectations of safer, sustainable extraction processes. This drive for advanced extraction has created new opportunities for greater applications across a diversity of end-use industries.
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The market’s growth is further driven by lifestyle changes, consumer awareness, increasing use of products based on natural ingredients, and biotechnology breakthroughs. Additionally, macroeconomic variables such as rising consumer disposable income, research and development, imports and exports, growth in the agriculture industry, population aging, and population growth have positively impacted the demand for plant extracts in recent years. It is also becoming increasingly popular in cosmetics, perfumes, pharmaceuticals, and dietary supplements.
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Industry Dynamics
Growth Drivers
Plant extracts have driven the food industry due to their content of bioactive compounds such as polyphenols and carotenoids, which have antimicrobial and antioxidant activity, especially against low-density lipoprotein (LDL) and deoxyribonucleic acid (DNA). Various technological advancements and upgrades in the herbal extraction process increased the production capabilities of the industries, helping them extract several components from the plant effectively with low cost and effort, which in turn is resulting in new entrants in the market and expansion of the product line. For example, enhancement in the production method of cannabis extraction. The introduction of high-tech manufacturing equipment and chemical apparatus enabled the cannabis industry to break away from the extraction technique of the past and experiment with new approaches, which helped new types of cannabis extract, such as, cannabidiol, oral tinctures, vape oil, and wax concentrates, to enter the market.
Moreover, herbal and natural products are becoming more and more popular due to their recognized health benefits. Even consumers are willing to pay higher prices for products that do not contain synthetic ingredients. The growing preference for food and beverage products free of artificial flavors, colors, and other food additives has increased. Consumers’ focus on holistic and conscious consumption, preference for products containing ethically sourced ingredients, and increasing demand for natural ingredients in the food and beverage industry are expected to influence the growth of the market during the forecast period.
Report Segmentation
The market is primarily segmented based on product type, application, form, source, and region.
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Product Analysis
The segmentation based on product includes, oleoresins, essential oils, flavonoids, alkaloids, carotenoids, and other. Essential oils are the concentrated, volatile, aromatic compounds of the plant. The primary aromatic features of the plant (its leaves, flowers, and roots) are steam distilled to extract oil. Essential oils have various medicinal applications and treat different diseases, including infectious diseases, depression, and anxiety. It acts as an antifungal, antimicrobial, anticancer, and wound healer. Additionally, they are also used in the cosmetics and perfume industries. These growing essential oil applications have resulted in significant growth in the segment.
Application Analysis
In terms of application, the segmentation includes, food & beverages, cosmetics, pharmaceuticals, dietary supplements, and other. The food & beverage segment held the largest market share in 2024 as it is often related to specific health properties, such as energizing, boosting the immune system, improving skin health, increasing focus, and providing relaxation. Extracts acquired from different parts of the plants perform several functions in the food industry, such as antioxidants, antimicrobials, flavoring, coloring agents, enzymes, nutrient enhancers, and packaging additives resulting in the segment’s growth. In the food and beverages industry, plant extracts are used as colorants and flavorants to enhance the overall nutritional content. Growing demand for functional foods and beverages such as protein bars, dietary supplements, and flavored beverages is also expected to fuel the growth of the market.
Form Analysis
Based on form, the market is segmented into dry and liquid forms. The dry form plant extracts segment is expected to hold significant revenue share by 2034. This is due to its application in many industries such as cosmetics, food & beverages, pharmaceuticals, and others. In particular, dry form plant extracts have proven favorable in industries with solid dosage nutraceuticals, powdered beverages, or those in dry mix that require control of moisture content. With widespread use across the food and beverage, pharmaceutical, and cosmetic industries, it will take a considerable change in the industry to ensure continued demand, as such drum and ton quantities ordered solidly support the top-dog position in the market.
The liquid segment is expected to witness fastest growth during the forecast as it is the most widely available plant extraction that has entered the market and it is processed less than any other forms available. Their application is a necessity in industries in which rapid efficacy and absorption is desired, as with functional health shots, liquid supplements, or many cosmetic serums. All these benefits of performance are combined with the consumer perception that they are more natural or concentrated, which are the large contributors in driving this segment. Other performance benefits are the ability to absorb more quickly, flexibility to blend with and longer shelf life which is expected to witness continued demand growth over the forecast period.
Regional Analysis
Asia Pacific Plant Extracts Market
In 2024, the Asia Pacific dominated the plant extracts market. The dominance is due to the established traditional medical practices and the fast-evolving natural product market in the region. The surge in demand for herbal supplements, naturally derived personal care products, and functional foods is supported by the growing middle-class population, demonstrating increased awareness of health and wellness. The demand for herbal supplements is supported by rapidly developing systems for functional extracts and agro-processing which provide low-cost opportunities for producers to derive high-quality plant extracts on a broad scale. Plant-based treatments and remedies have long been established in cultures represented in Asia Pacific countries such as China, India, and Japan, and these shift in demand are continuing momentum in consumers' preferences and the focus of industry applications. Many national policies and supportive governmental investments in the region foster continuing innovation and development, ultimately positioning the Asia Pacific region for the development and commercialization of plant-based extracts.
North America Plant Extracts Market
The North America market is expected to witness growth during the forecast period. This is due to rise in demand from consumers who prefer natural, organic, and clean label products in the food, cosmetics, and nutraceutical sectors. Health consciousness and an inclination toward preventive healthcare have been promoting the utilization of plant-based ingredients as safer and more sustainable replacements for synthetic food additives. Advanced R&D capabilities, innovative extraction techniques in universities and laboratories, and strict regulations for plant-based products boost continued development and high-level integration and popularity of natural food ingredients and plant extracts, while maintaining quality, safety, and efficacy standards. The growth of herbal dietary supplements, essential oils and the increasing investments of key global market players further stimulate growth potential for the market. These factors contribute to favorable conditions surrounding market growth.
Competitive Insight
The plant extracts competitive landscape ranges from specialized ingredient suppliers to diversified chemical companies. The vendor strategy focuses on technology improvements to extraction. The supercritical CO2 extraction method is beneficial because it yields extracts that have a higher level of purity. Companies are investing in their backward integration efforts. Acquiring raw material suppliers with scarce and durable supply chains can help mitigate supply chain disruptions. Growth projections are strongest in emerging markets. This is due to rising incomes correspond to emerging demand for natural products. Emerging market demand is contingent upon rising disposable incomes unlocking latent demand and opportunities. Leading plant extract suppliers utilize competitive intelligence to tailor their product offerings for specific business segments, such as nutraceuticals and clean label cosmetics, to deepen their competitive positioning on a global scale.
Some of the major players operating in the global market include Arjuna Natural Extracts Ltd., Döhler, Givaudan, Indena S.p.A., International Flavors & Fragrances, Inc, Kalsec, Inc., Kangcare Bioindustry Co., Ltd., Martin Bauer GmbH & Co. KG, Native Extracts Pty. Ltd., Naturex Inc., Network Nutrition, Organic Herb Inc., PT. Haldin Pacific Semesta, PT. Indesso Aroma, Sensient Technologies, Shaanxi Jiahe Phytochem Co.,Ltd, Symrise AG, Synthite Industries Private Ltd., Tokiwa Phytochemical Co., Ltd., V. Mane Fils SA, Vidya Herbs Private Limited.
Recent developments
April 2024: Symrise launched Flowerconcentrole collection of high-quality, easy-to-formulate olfactive flower extracts that work with all products and skin types. It is made with Actimood technology and the products in this range bring mood-enhancing properties to formulations.
April 2024: Evonik launched its new business segment of botanical extracts and natural actives. This segment offers customers highly differentiated biotech natural actives as standard products and tailor-made plant-inspired solutions for their beauty and personal care portfolios.
July 2022: Symrise established Maison Lautier 1795 (fragrance), a natural brand, and its first three product lines emphasize artisan, sustainably grown Mediterranean flowers and plants.
Plant Extracts Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 42.71 billion |
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Revenue forecast in 2034 |
USD 124.91 billion |
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CAGR |
11.3% from 2025 - 2034 |
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Base year |
2024 |
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Historical data |
2020 - 2023 |
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Forecast period |
2025 - 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments Covered |
By Product Type, By Application, By Form, By Source, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Arjuna Natural Extracts Ltd., Döhler, Givaudan, Indena S.p.A., International Flavors & Fragrances, Inc, Kalsec, Inc., Kangcare Bioindustry Co., Ltd., Martin Bauer GmbH & Co. KG, Native Extracts Pty. Ltd., Naturex Inc., Network Nutrition, Organic Herb Inc., PT. Haldin Pacific Semesta, PT. Indesso Aroma, Sensient Technologies, Shaanxi Jiahe Phytochem Co.,Ltd, Symrise AG, Synthite Industries Private Ltd., Tokiwa Phytochemical Co., Ltd., V. Mane Fils SA, Vidya Herbs Private Limited. |
FAQ's
• The global market size was valued at USD 42.71 billion in 2024 and is projected to grow to USD 124.91 billion by 2034.
• The global market is projected to register a CAGR of 11.3% during the forecast period.
• The Asia Pacific region dominated the market in 2024.
• A few of the key players in the market are Arjuna Natural Extracts Ltd., Döhler, Givaudan, Indena S.p.A., International Flavors & Fragrances, Inc, Kalsec, Inc., Kangcare Bioindustry Co., Ltd., Martin Bauer GmbH & Co. KG, Native Extracts Pty. Ltd., Naturex Inc., Network Nutrition, Organic Herb Inc., PT. Haldin Pacific Semesta, PT. Indesso Aroma, Sensient Technologies, Shaanxi Jiahe Phytochem Co.,Ltd, Symrise AG, Synthite Industries Private Ltd., Tokiwa Phytochemical Co., Ltd., V. Mane Fils SA, Vidya Herbs Private Limited.
• Essential oil segment dominated the revenue share in 2024.
• The dry segment is expected to witness significant growth during the forecast period.
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