Asia Pacific Botanical Ingredients Market Size & Outlook
Asia Pacific botanical ingredients market, 2018-2030 (US$M)
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Asia Pacific botanical ingredients market highlights
- The Asia Pacific botanical ingredients market generated a revenue of USD 52,376.8 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 52,376.8 million |
| Market revenue in 2030 | USD 91,697.1 million |
| Growth rate | 8.3% (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 |
| Key market players worldwide | Adesso SE, Lipoid, International Flavors & Fragrances Inc, The Green Labs, DSM |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.9% of the global botanical ingredients market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 91,697.1 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 55.75% in 2023. Horizon Databook has segmented the Asia Pacific botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is characterized by the presence of a large number of botanical suppliers. For instance, India, China, and Sri Lanka are the leading tea producers in the world. India was the leading turmeric producer in 2020.
Besides, several other medicinal, as well as non-medicinal botanicals, such as Amla, Ashwagandha, Brahmi, Hibiscus Flower, and Ginger, among others, are extensively cultivated in the Asia Pacific region. China and India were the leading producers of fruits in 2020.
Thus, on account of the extensive availability of raw materials, botanical ingredient manufacturers have established their manufacturing plants in the region, which has led to the availability of botanical ingredients at a lower cost as compared to other regions.
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Target buyers of Asia Pacific botanical ingredients market databook
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Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific botanical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific botanical ingredients market size, by country, 2018-2030 (US$M)
Asia Pacific Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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