Malaysia Herbal Extract Market Size & Outlook, 2021-2030
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Malaysia herbal extract market highlights
- The Malaysia herbal extract market generated a revenue of USD 742.3 million in 2023 and is expected to reach USD 1,345.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, cherry was the largest revenue generating product in 2023.
- Curcumin is the most lucrative product segment registering the fastest growth during the forecast period.
Herbal extract market data book summary
| Market revenue in 2023 | USD 742.3 million |
| Market revenue in 2030 | USD 1,345.4 million |
| Growth rate | 8.9% (CAGR from 2024 to 2030) |
| Largest segment | Cherry |
| Fastest growing segment | Curcumin |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turmeric, Rosemary, Ginseng, Aloe, Nutmeg, Sage, Garlic, Cranberry, Saw Palmetto, Cumin, Lecithin, Valerian, Cherry, Pygeum Africanum, Beet Root, Olive Leaf, Holy Basil, Elder Berry, Horehound, Lycium, Ginger, Orange, Cinnamon, Green Tea, Flax, Curcumin, Fenugreek Seed, Capsaicin, Anise, Ashwagandha, Kale |
| Key market players worldwide | Botanic Healthcare, Vidya Herbs, AllicinMedic, Herbal Hills, Bio Herbs, Pioneer Enterprises, Sydler, Herbal Creations, Alpspure Lifesciences, Idobio Co., DohlerGroup, Martin Bauer Group |
Other key industry trends
- In terms of revenue, Malaysia accounted for 2.5% of the global herbal extract market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China herbal extract 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 9,952.8 million by 2030.
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Herbal Extract Market Scope
Herbal Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Idobio Co. | View profile | 11-50 | Xian Shi, Shaanxi, China, Asia | http://www.idobio.com |
| Herbal Creations | View profile | 51-100 | Naini Tal, Uttarakhand, India, Asia | https://herbal-creations.com |
| Pioneer Enterprises | View profile | 51-100 | Pune, Maharashtra, India, Asia | https://www.pioneerentp.net |
| Bio Herbs | View profile | 51-100 | Chía, Cundinamarca, Colombia, South America | https://www.bioherbs.co |
| AllicinMedic | View profile | 1-10 | Apeldoorn, Gelderland, The Netherlands, Europe | https://www.allicinmedic.nl/ |
| Vidya Herbs | View profile | 251-500 | Bengaluru, Karnataka, India, Asia | https://www.vidyaherbs.com |
| Alpspure Lifesciences | View profile | 11-50 | New Delhi, Delhi, India, Asia | https://www.alpspure.in |
| Botanic Healthcare | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | https://www.botanichealthcare.net |
| Sydler | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | http://www.sydlerindia.com |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | https://www.doehler.com/ |
| Herbal Hills | View profile | 1-10 | Kandivli, Maharashtra, India, Asia | https://www.herbalhillswellness.com/ |
| Martin Bauer Group | View profile | 1001-5000 | Vestenbergsgreuth, Bayern, Germany, Europe | https://www.martin-bauer-group.com/ |
Malaysia herbal extract 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 herbal extract market will help companies and investors design strategic landscapes.
Cherry was the largest segment with a revenue share of 10.9% in 2021. Horizon Databook has segmented the Malaysia herbal extract market based on turmeric, rosemary, ginseng, aloe, nutmeg, sage, garlic, cranberry, saw palmetto, cumin, lecithin, valerian, cherry, pygeum africanum, beet root, olive leaf, holy basil, elder berry, horehound, lycium, ginger, orange, cinnamon, green tea, flax, curcumin, fenugreek seed, capsaicin, anise, ashwagandha, kale covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia is undoubtedly a major player in the herbal sector of Southeast Asia owing to its natural habitat. The 130 million-year-old rainforest that acts as a foundation for the herbal industry of the country is home to a wide variety of plant species.
A number of these plants are used to make therapeutic herbal extracts such as Tongkat Ali. In recent years, the herbal industry in Malaysia has expanded with the commercialization of different herbal products that are increasingly being promoted as health enhancers.
According to the Agriculture National Key Economic Area, the market for herbal products is expanding in Malaysia, making it a global leader in terms of the production of high-quality herbal extracts.
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Target buyers of Malaysia herbal extract market databook
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Our clientele includes a mix of herbal extract 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia herbal extract market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia herbal extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia herbal extract market size, by product, 2018-2030 (US$M)
Malaysia Herbal Extract Market Outlook Share, 2021 & 2030 (US$M)
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