By 2032, $743.99 Million forecasted for Yarrow Market, 5.1% CAGR

Yarrow Market Size Worth $743.99 Million By 2032 | CAGR: 5.1%


The global yarrow market size is expected to reach USD 743.99 million by 2032, according to a new study by Polaris Market Research. The report “Yarrow Market Share, Size, Trends, Industry Analysis Report, By Form (Powder and Liquid Extract); By End-Use; By Sales Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The widespread use of yarrow extracts and essential oils in the beauty and personal care industry due to their potential skincare benefits and significant use in traditional medicine systems like Traditional Chinese Medicine & Ayurveda and rising investments towards exploring yarrow’s health benefits and therapeutic properties, which leading to the development of various new types of products and treatments, are among the leading factors fostering the demand and growth of the global market at significant rate.

  • For instance, in April 2023, Univar Solutions, announced the expansion of its exclusive distribution agreement with the Angus Chemical. Its portfolio of natural botanical extracts include yarrow, leaf, rosemary leaf, & sage leaf.

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In the last few years, with the continuously increasing consumer preferences and rising adoption of organic and sustainable products around the world, many yarrow producers are looking for organic farming practices and sustainable cultivation methods that mainly include practices such as crop rotation, reduced pesticide use, and water conservation to meet the emerging consumer consumption trends and patterns.

Furthermore, the product has been gaining huge traction and popularity all over the world in the recent years, as it is one of the most powerful natural astringents available and helps in shrinking the skin and promotes skin healing, that are extremely beneficial for people suffering from acne, oily skin, and scarring, thereby, use of yarrow across different industries have grown drastically particularly in regions with Northern Hemisphere like North America, Asia, & Europe.

Thus, with the growing incidences of skin diseases and rising number of people suffering from skin issues like acne, oily skin, and scarring, resulting in increased demand for yarrow to treat such kind of diseases. For instance, as per WHO, skin diseases are common diseases of human health afflictions & impact around 900 Mn people across the globe.

Yarrow Market Report Highlights

  • Powder segment accounted for noteworthy share, on account of its widespread use in several herbal supplements, culinary dishes, cosmetics, and skincare formulations
  • Healthcare segment held the majority market share, which is mainly driven by growing investments in R&D activities or efforts in the healthcare sector
  • E-commerce segment will grow at fastest pace, mainly attributed to increased mobile and internet penetration and emergence of several new online shopping channels
  • North America dominated the global market, owing to region’s well-established healthcare infrastructure and exponential growth in herbal or botanical industry
  • The key market players include Amphora Aromatics, Penta Manufacturing, Good Scent Company, Starwest Botanicals, NHR Organic Oils, and Bristol Botanicals

Polaris Market Research has segmented the yarrow market report based on form, end-use, sales channel, and region:

Yarrow, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Powder
  • Liquid Extract

Yarrow, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Healthcare
  • Cosmetics
  • Food & Beverages

Yarrow, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Specialty Store
  • Direct Store
  • E-commerce
  • Others

Yarrow, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Yarrow Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 501.45 million

Revenue forecast in 2032

USD 743.99 million

CAGR

5.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Form, By End-Use, By Sales Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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