Global Botanical Ingredients Market Size & Outlook
Global botanical ingredients market, 2018-2030 (US$M)
Related Markets
Global botanical ingredients market highlights
- The global botanical ingredients market generated a revenue of USD 175,444.7 million in 2023 and is expected to reach USD 281,415.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
- In terms of segment, powder accounted for a revenue of USD 105,698.4 million in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 175,444.7 million |
| Market revenue in 2030 | USD 281,415.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
Other key industry trends
- In terms of revenue, the North America accounted for 34.5% of the global botanical ingredients market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 61,070.1 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global botanical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanical ingredients market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 60.25% in 2023. Horizon Databook has segmented the Global botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Botanical Ingredients Form Outlook (Revenue, USD Million, 2018-2030)
- Powder
- Liquid
- Global Botanical Ingredients Source Outlook (Revenue, USD Million, 2018-2030)
- Herbs
- Leaves
- Spices
- Flowers
- Others
- Global Botanical Ingredients Application Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Food
- Bakery & Confectionery
- Sauces & Dressings
- Others
- Beverages
- Energy Drinks
- Sports Drinks
- Functional Juices
- Others
- Food
- Dietary Supplements
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
- Food & Beverages
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Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global botanical ingredients market , including forecasts for subscribers. This global databook contains high-level insights into Global botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global botanical ingredients market size, by regions, 2018-2030 (US$M)
Top 10 countries: Botanical ingredients market size, 2023 (US$M)
Global botanical ingredients market share, by form, 2023 & 2030 (%, US$M)
Botanical ingredients market: Opportunity assessment by country
Global botanical ingredients market, by region, 2023 (US$M)
| Form | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 45,224.3 | 47,939.5 | 51,065.5 | 54,114.8 | 57,236.2 | 60,594.4 | 64,209.6 | 68,104.1 | 72,302.5 | 76,831.4 | 81,720.2 | 86,507.8 | 91,661.8 | 6.1% |
| Europe | 26,924.8 | 28,536.0 | 30,475.6 | 32,424.0 | 34,431.3 | 36,597.1 | 38,935.7 | 41,464.5 | 44,199.1 | 47,158.2 | 50,362.7 | 53,528.6 | 56,947.3 | 6.5% |
| Asia Pacific | 35,075.8 | 38,022.2 | 41,474.4 | 44,881.6 | 48,460.9 | 52,376.8 | 56,664.2 | 61,362.3 | 66,514.5 | 72,169.4 | 78,381.0 | 84,736.7 | 91,697.1 | 8.3% |
| Latin America | 10,995.2 | 11,669.1 | 12,476.3 | 13,280.9 | 14,111.3 | 15,008.6 | 15,978.7 | 17,028.4 | 18,164.9 | 19,396.5 | 20,732.1 | 22,056.4 | 23,488.5 | 6.6% |
| MEA | 7,687.4 | 8,246.5 | 8,892.8 | 9,516.6 | 10,165.0 | 10,867.9 | 11,630.5 | 12,458.2 | 13,357.6 | 14,335.3 | 15,399.2 | 16,464.7 | 17,620.7 | 7.2% |
| Overall | 125,907.4 | 134,413.3 | 144,384.6 | 154,217.8 | 164,404.7 | 175,444.7 | 187,418.6 | 200,417.5 | 214,538.5 | 229,890.8 | 246,595.2 | 263,294.1 | 281,415.4 | 7.0% |
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