Global Botanical Ingredients Market is expected to foresee significant growth. North America to lead the growth!

Botanical ingredients are vast and diverse in range, and commonly include herbs and spices, fruits and vegetables. The products derived are available in solid, semi-solid and liquid forms because they are extracted through the solvent extraction process of these raw materials. They are mined from various approaches such as solvent extraction, cold pressing, steam distillation, and oil infusion.

The botanical ingredients market is expected to grow at a steady rate of around 7% during the forecast period (2022-2028). Shifting consumer preferences towards safe, advanced, and potent cosmetic solutions to produce new cosmetic formulas ranging from collagen to hyaluronic acid is primarily driving the demand for botanical ingredients.

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On the basis of source, the market is segmented into herbs, leaves, spices, flowers and others. Spices category held the largest market share primarily due to changing lifestyles demanding healthy food that is convenient along with a popular trend of experiencing novel foods. Rising clean label drifts in the food and beverage, and pharmaceutical production, coupled with increasing consumer awareness of health and safety further helps in bolstering the demand.

On the basis of form, the market is categorized into powder and liquid. Powder segment is expected to account for the largest share of the global botanical ingredient market mainly due to surge in powder among various applications, including food, beverages, and cosmetics, and high health benefits over the other forms. Powder form offers high shelf life, high solubility, cost-effectiveness, and consistent nutrient concentration which will further boost the growth of the powder category in the coming years.
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For a better understanding of the market adoption of the botanical ingredients industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is expected to hold a significant position due in the region. Factors, such as the penetration of organized and e-commerce retail, are driving the consumption of convenience food products incorporated with botanical ingredients in the respective region. Moreover, the bakery industry in North America has been significantly contributing to the demand for botanical-based nutrients, such as dietary fibers, with the high popularity of natural and healthy bakery products containing dietary fibers.

Some of the major players operating in the market include, GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Lipoid-Kosmetik, The Herbarie at Stoney Hill Farm, Inc., International Flavors& Fragrances, Inc., Bell Flavors& Fragrances, Rutland Biodynamics Ltd., Prakruti Products Pvt. Ltd.

Global Botanical Ingredients Market Segmentation

Market Insight, by Source

• Herbs
• Leaves
• Spices
• Flowers
• Others

Market Insight, by Form

• Powder
• Liquid

Market Insight, by Application

• Food and Beverages
• Dietary Supplements
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• GrainCorp
• Malteurop
• Rahr Corporation
• Boortmalt
• Lipoid-Kosmetik
• The Herbarie at Stoney Hill Farm, Inc.
• International Flavors& Fragrances, Inc.
• Bell Flavors& Fragrances
• Rutland Biodynamics Ltd.
• Prakruti Products Pvt. Ltd