China Botanical Ingredients Market Size & Outlook
China botanical ingredients market, 2018-2030 (US$M)
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China botanical ingredients market highlights
- The China botanical ingredients market generated a revenue of USD 16,780.5 million in 2023 and is expected to reach USD 28,734.8 million by 2030.
- The China market is expected to grow at a CAGR of 8% 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.
Botanical ingredients market data book summary
| Market revenue in 2023 | USD 16,780.5 million |
| Market revenue in 2030 | USD 28,734.8 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 9.6% of the global botanical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,377.7 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 57.91% in 2023. Horizon Databook has segmented the China botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
China accounted for the largest share in Asia Pacific, by revenue and volume, in 2020. Traditionally, several herbs and fruits, including ginseng, walnuts, cinnamon, ginger, Lotus seed, and Hawthorn berries, were widely consumed in the country to maintain health.
Thus, higher awareness among the Chinese population regarding the benefits of plant-based ingredients is increasing the acceptance of food, cosmetics, pharmaceutical, and dietary supplement products formulated with botanical ingredients, which, in turn, is favoring market growth.
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Target buyers of China 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 country-level data and insights on the China botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into China botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China botanical ingredients market size, by form, 2018-2030 (US$M)
China Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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