India Botanical Ingredients Market Size & Outlook
India botanical ingredients market, 2018-2030 (US$M)
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India botanical ingredients market highlights
- The India botanical ingredients market generated a revenue of USD 5,440.5 million in 2023 and is expected to reach USD 10,377.7 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% 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 5,440.5 million |
| Market revenue in 2030 | USD 10,377.7 million |
| Growth rate | 9.7% (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, India accounted for 3.1% 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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India 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 51.57% in 2023. Horizon Databook has segmented the India botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
India is expected to witness the fastest growth, in terms of revenue and volume, in the global botanical ingredients market from 2020 to 2028. Growing traction around Ayurvedic products, i.e., products derived from natural sources, such as herbs, flowers, leaves, and spices, as they are less likely to present side-effects unlike products manufactured from synthetic ingredients.
Besides, the rapidly growing cosmetics industry, on account of increasing population of working women and rising penetration of e-commerce, is expected to generate significant demand for botanical ingredients in the country over the forecast period.
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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 India botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into India botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India botanical ingredients market size, by form, 2018-2030 (US$M)
India Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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