U.S. Botanical Ingredients Market Size & Outlook
U.S. botanical ingredients market, 2018-2030 (US$M)
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U.S. botanical ingredients market highlights
- The U.S. botanical ingredients market generated a revenue of USD 41,224.6 million in 2023 and is expected to reach USD 61,070.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.8% 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 41,224.6 million |
| Market revenue in 2030 | USD 61,070.1 million |
| Growth rate | 5.8% (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, U.S. accounted for 23.5% 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 North America, U.S. botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 21,872.0 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 66.06% in 2023. Horizon Databook has segmented the U.S. botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for the product in this country is highly influenced by its growing vegan population, high focus on the use of natural & organic food ingredients, and the presence of key manufacturers with wide distribution networks .
Moreover, extensive consumption of plant-based products, such as beans and legumes, by the food & beverages industry in weight management applications fuels the demand for low-fat food products, such as cereals, which, in turn, is projected to drive overall market growth over the forecast period.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into U.S. botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. botanical ingredients market size, by form, 2018-2030 (US$M)
U.S. Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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