Global Natural Extracts Market Revenue To Hit Nearly $26 Billion By 2030

The global Natural Extracts Market size was nearly $11.95 billion in 2021 and is set to increase to about $26 billion by 2030 with a CAGR of nearly 9.1% between 2022 and 2030.

Natural extracts have no side effects unlike most of the chemical constituents utilized in pharmaceuticals, personal care, cosmetics, and food & beverage products. Apart from this, the natural sourcing of constituents has gained traction among many manufacturers, particularly based in Europe and North America. Rise in awareness about the health benefits related to natural extracts is projected to boost the demand for natural extracts across the pharmaceutical and nutraceutical sectors.

Growth of the global natural extracts market over the forecast timespan can be due to surging end-user awareness, altering lifestyles, massive acceptance of natural ingredients, and breakthroughs in biotechnology. Moreover, macroeconomic factors including the rising disposable income of customers, supportive government policies favoring product use in various sectors, and the thriving agriculture industry will boost the global industry trends. Rise in the geriatric population will expand the scope of the market growth across the globe. In addition to this, natural extracts have penetrated deeply into a spectrum of industries such as cosmetics, food and beverage, pharmaceuticals, perfumery, and nutraceuticals.

However, growing raw material costs and disruptions in the supply chain are a few of the aspects that are likely to hamper the expansion of the global natural extracts industry. Nevertheless, increase in farming activities is predicted to provide new growth opportunities for the global natural extracts market in the years to come.

The global natural extracts market is divided into product, application, and region.

In terms of product, the global natural extracts industry is sectored into essential oils, herbal extracts, natural colors, oleoresins, and dried crops. Furthermore, the dried crops segment is expected to lead the segmental growth over the forecast timespan. The expansion of the segment during 2022-2030 can be owing to escalating demand for dried crops in the end-use sectors such as food & beverages.

Based on the application, the global natural extracts market is segmented into nutraceuticals, food & beverages, animal feed, personal care & cosmetics, pharmaceuticals, and others segments. Furthermore, the food & beverages segment is predicted to dominate the segmental growth in the next eight years. The growth of the segment over the forecast timeline can be subject to surging demand for natural, safe, and less processed food items.

The global natural extracts market is divided into five regions that include the Asia-Pacific, North America, The Middle East & Africa, Europe, and Latin America.

The European natural extracts industry, which contributed to nearly 31% of the global industry share in 2021, is projected to maintain its dominion status over the forecast timeframe owing to the large-scale application of essential oils in cosmetics with fragrances offering lucrative growth opportunities for the essential oil manufacturers in the European continent. Moreover, Europe is also a major producer, exporter, and end-user of pharmaceutical products. This makes it a key market for pharmaceuticals, nutraceuticals, and alternative medicines.

This review is based on a report by Zion Market Research, titled “Natural Extracts Market By Product (Herbal Extracts, Essential Oils, Natural Colors, Oleoresins, and Dried Crops), By Application (Personal Care & Cosmetics, Food & Beverages, Animal Feed, Pharmaceuticals, Nutraceuticals, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/natural-extracts-market

Recent Developments:

• In the first quarter of 2023, Surya Brasil, a vegan personal care product manufacturer based in Brazil, launched a new product in the Henna Cream product line and added it to its product portfolio in India. The strategic initiative will enhance the expansion of the natural extracts market in India as well as the Asia-Pacific zone
• In the first half of June 2020, Symrise Ag, a key flavors & fragrances producer, entered into collaboration with CRIEPPAM, a non-profit firm, for supporting biodiversity research venture for lavender farming activities. This will not only improve crop suppleness and bio-diversity globally but will account notably for the growth of the global natural extracts market in the years ahead.
• In the second half of 2020, Givaudan launched its new state-of-the-art fragrance manufacturing unit in China with the country becoming a major market for new consumer-centric fragrance items.
• In the first half of 2018, Synergy Flavors, declared acquisition of Janousek (Italy), one of the key suppliers of herbal extracts & natural flavoring as well as a key player in the Italian flavor industry.  The acquisition of Janousek will facilitate Synergy Flavors, a leading supplier of flavors, extracts, and fragrances for the global food & beverage sector, in expanding across the European market. The move will also help in providing expertise in domains such as nutrition & dairy.

Key participants profiled in the global airsoft guns industry include:

• Flavex Naturextrakte GmbH
• Ransom Naturals Ltd.
• Robertet Group
• Arjuna Natural Pvt. Ltd.
• Symrise AG
• Firmenich SA
• India Essential Oils
• Sami Spices
• Kancor
• Synthite Industries Ltd.
• A.G. Industries.

The global natural extracts market is segmented as follows:

By Product

• Herbal Extracts
• Essential Oils
• Natural Colors
• Oleoresins
• Dried Crops

By Application

• Personal Care & Cosmetics
• Food & Beverages
• Animal Feed
• Pharmaceuticals
• Nutraceuticals
• Others 

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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