Vietnam Herbal Extract Market Size & Outlook, 2021-2030
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Vietnam herbal extract market highlights
- The Vietnam herbal extract market generated a revenue of USD 325.6 million in 2023 and is expected to reach USD 569.1 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 8.3% 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 325.6 million |
| Market revenue in 2030 | USD 569.1 million |
| Growth rate | 8.3% (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, Vietnam accounted for 1.1% 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/ |
Vietnam 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 Vietnam 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.
The tropical environment of Vietnam makes it one of the most biodiversity-rich countries in the world. It uses traditional remedies and herbal extracts for primary healthcare, making Vietnam a major market for herbal extracts used in pharmaceutical applications.
The requirement for medicinal herb extracts in the country is approximately 60,000 tons per year; however, it can only produce approximately 15,600 tons per year domestically. As a result, there is room for new players to enter herbal extracts market in Vietnam in the coming years.
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Target buyers of Vietnam 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 Vietnam herbal extract market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam herbal extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam herbal extract market size, by product, 2018-2030 (US$M)
Vietnam Herbal Extract Market Outlook Share, 2021 & 2030 (US$M)
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