Europe Botanical Ingredients Market Size & Outlook
Europe botanical ingredients market, 2018-2030 (US$M)
Related Markets
Europe botanical ingredients market highlights
- The Europe botanical ingredients market generated a revenue of USD 36,597.1 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 36,597.1 million |
| Market revenue in 2030 | USD 56,947.3 million |
| Growth rate | 6.5% (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, Europe region accounted for 20.9% 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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Europe 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 60.52% in 2023. Horizon Databook has segmented the Europe botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe botanical ingredients market is anticipated to progress at a growth rate of 6.5% over the forecast period. This is due to the increasing demand for botanical ingredients in beverages coupled with the rising demand for ready-to-drink (RTD) beverages among the population in the region.
The growth of beverage sector is driven by the rising demand for RTD beverages as the preference of consumers has been shifting from carbonated beverages to those that contain healthy, plant-based ingredients, such as tea, kombucha, and matcha.
The cold brew tea and craft tea markets have been expanding rapidly since the past couple of years with a growth in sales of approximately 421% and 261%, respectively. This has been boosting the demand for cold soluble beverage extracts in the region. This, in turn, is expected to benefit botanical ingredient market in the next few years.
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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 continent-level data and insights on the Europe botanical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Europe botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe botanical ingredients market size, by country, 2018-2030 (US$M)
Europe Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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