North America Botanical Ingredients Market Size & Outlook
North America botanical ingredients market, 2018-2030 (US$M)
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North America botanical ingredients market highlights
- The North America botanical ingredients market generated a revenue of USD 60,594.4 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 60,594.4 million |
| Market revenue in 2030 | USD 91,661.8 million |
| Growth rate | 6.1% (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, North America region accounted for 34.5% 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 |
|---|
North America 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 65.63% in 2023. Horizon Databook has segmented the North America botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. dominated the North American market, in terms of revenue, as of 2020, with a share of 68.6% followed by Mexico and Canada. Growing health concerns and increasing health issues, such as diabetes, obesity, and digestive disorders, are the major factors that are likely to assist market growth over the forecast period.
Moreover, technological advancements and the high adoption rate of new products in the country are estimated to play key roles in increasing the demand for botanical ingredients over the forecast period.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America botanical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into North America botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America botanical ingredients market size, by country, 2018-2030 (US$M)
North America Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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