Germany Botanical Ingredients Market Size & Outlook
Germany botanical ingredients market, 2018-2030 (US$M)
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Germany botanical ingredients market highlights
- The Germany botanical ingredients market generated a revenue of USD 9,196.1 million in 2023 and is expected to reach USD 14,168.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.4% 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 9,196.1 million |
| Market revenue in 2030 | USD 14,168.8 million |
| Growth rate | 6.4% (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, Germany accounted for 5.2% 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 Europe, Germany botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 7,046.4 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 62.12% in 2023. Horizon Databook has segmented the Germany botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Germany is expected to advance at a significant CAGR of 6.3% over the forecast period, by revenue. This demand for botanical ingredients in the country is attributed to the rapid expansion of food processing industry.
Food processors source botanical-based nutrients (dietary fibers) from domestic producers or importers. However, major food processors import source ingredients from foreign suppliers. In addition, bakery industry has been largely contributing to the demand for dietary fibers in the country owing to the rising popularity of wheat bread and other bread-based products.
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Target buyers of Germany 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Germany botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany botanical ingredients market size, by form, 2018-2030 (US$M)
Germany Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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