South Africa Herbal Extract Market Size & Outlook, 2021-2030
Related Markets
South Africa herbal extract market highlights
- The South Africa herbal extract market generated a revenue of USD 757.5 million in 2023 and is expected to reach USD 1,044.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% 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 757.5 million |
| Market revenue in 2030 | USD 1,044.1 million |
| Growth rate | 4.7% (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, South Africa 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 Middle East & Africa, South Africa herbal extract market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,044.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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/ |
South Africa 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 10.89% in 2021. Horizon Databook has segmented the South Africa 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.
South Africa is expected to be highly involved in the use of natural resources mainly extracted from plants for treatment of skin conditions and cosmeceutical purposes. Herbal extracts have found their way into the African pharmaceutical and cosmetic industry; their demand is projected to surge over the coming years.
Reasons to subscribe to South Africa herbal extract market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa herbal extract market databook
-
Our clientele includes a mix of herbal extract market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Africa herbal extract market , including forecasts for subscribers. This country databook contains high-level insights into South Africa herbal extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa herbal extract market size, by product, 2018-2030 (US$M)
South Africa Herbal Extract Market Outlook Share, 2021 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
