Botanical Ingredients Global Market
- ID: XHA441GL
- December 2023
- Healthcare
Market Overview
The global botanical ingredients industry has experienced considerable growth over recent years in all segments in terms of the total revenue. The total market size increased from USD 1.51 billion in 2020 to USD1.83 billion in 2023, representing a CAGR of 6.7% during the period.
The functional food industry serves as the primary driver of demand for botanical ingredients, propelled by the increasing consumer awareness of the health advantages associated with incorporating botanicals into their daily dietary regimen. This heightened consciousness among consumers is anticipated to fuel a sustained expansion in the demand for botanical ingredients within the functional food sector. Notably, certain key ingredients such as withania somnifera, curcumin, and CBD have garnered significant traction due to their diverse therapeutic benefits.
Market Segmentation
The botanical ingredients market can be divided into cosmetics and functional food. In today’s global market, consumers are placing a growing emphasis on selecting products and ingredients that align with their general beliefs about health and well-being. This shift is evident in the increasing demand for specific health benefits across various consumer segments. Among the top health benefits desired by consumers worldwide are beauty support, immune health support, digestive health, weight management, and heart health.
The botanical ingredients in the cosmetics market can be categorized into two applications, namely hair grooming products and skin grooming products. The segment pertaining to skin grooming products has witnessed a substantial revenue of USD 355.0 million in 2022. Furthermore, it is anticipated to attain a remarkable growth rate of 8.6% over the forecast period from 2023 to 2028, ultimately reaching a revenue of USD 580.8 million by 2028.
In 2022, the skin grooming products segment emerged as the largest application segment for the botanical ingredients market. This trend is expected to persist, with skin grooming products projected to remain the largest revenue-generating segment throughout the forecast period. This sustained dominance underscores the enduring significance of botanical ingredients in the formulation of skincare products and reflects the enduring consumer demand for natural and plant-based solutions in the skincare industry.
The demand for botanical ingredients within the functional food and beverages segment experienced a notable surge during the pandemic, driven by heightened consumer awareness regarding the maintenance of immune health and overall well-being. Subsequently, the market for functional food and beverages has witnessed substantial expansion, with this trend anticipated to continue shaping the global functional food and beverages market throughout the forecast period. This sustained momentum underscores the enduring significance of botanical ingredients in meeting the evolving consumer preferences for health-conscious and immune-supporting products.
The global botanical ingredients market has witnessed substantial growth in terms of revenue, driven primarily by the Asia Pacific sectors. Demand for botanical ingredients in the Asia-Pacific region is poised for robust growth, with markets such as China, South Korea, and Southeast Asian countries like Singapore and Thailand emerging as high-growth markets driving the demand for botanical extracts. As the region’s consumer base becomes increasingly discerning, sustainability is expected to become a crucial differentiator, with local brands gaining more traction. This shift reflects a growing emphasis on environmentally friendly and ethically sourced products, underscoring the evolving landscape of the beauty and personal care industry in the Asia-Pacific region.
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Competitive Landscape
Prominent vendors shaping competitive dynamics include Air Liquide S.A., Archer-Daniels-Midland Company, BASF SE, Clariant AG, Croda International plc, Döhler GmbH, Evonik Industries AG, Givaudan S.A., Groupe Berkem S.A., Ingredion Incorporated, Kemin Industries, Inc., Kerry Group plc, Koninklijke DSM N.V., Lonza Group AG, Lubrizol Corporation, Sensient Technologies Corporation, Symrise AG, among other players.
The industry is highly fragmented with numerous players, in addition to the aforementioned leading companies, including American International Chemical LLC, Arjuna Natural Extracts Ltd., Audi Pharma Ingredients, Bio-Botanica, Inc., Bio-Organic Concepts, Carrubba Incorporated, Gattefosse SAS, GfN Herstellung von Naturextrakten GmbH, Indena S.p.A., Ixoreal Biomed Private Limited, Lipoid Kosmetik AG, Martin Bauer GmbH & Co. KG, Mibelle AG, Nektium Pharma S.L., NP Nutra, NXT USA, Inc., OmniActive Health Technologies Limited, PLT Health Solutions, Inc., Provital S.A., Psyllium Labs, LLC, Roelmi HPC Srl, Sabsina Corporation, Shaanxi Hongda Phytochemistry Co., Ltd., Syntheon Ltd., Synthite Industries Private Limited, Vantage Specialty Chemicals, Inc., Vidya Herbs Private Limited, Zhejiang Shaoxing Dongling Health Food Co., Ltd., etc.
This comprehensive report provides an in-depth analysis of the global botanical ingredients market, encompassing market definition, leading vendors, key segments, and sub-segments. Granular quantitative data assists in evaluating market size, shares, growth rates, and future projections to inform strategic decision-making.
| Report Coverage | Details |
|---|---|
| Market Size | USD 1719.5 million in 2022 |
| CAGR (2023-2028) | 6.99% |
| Base Year | 2022 |
| Forecast Period | 2023-2028 |
| Pages | 188 |
| Segments | Product Type, End User, Region |
| Regions Covered | Europe, North America, Asia-Pacific, Rest of World |
| Key Players | Air Liquide S.A., Archer-Daniels-Midland Company, BASF SE, Clariant AG, Croda International plc, Döhler GmbH, Evonik Industries AG, Givaudan S.A., Groupe Berkem S.A., Ingredion Incorporated, Kemin Industries Inc., Kerry Group plc, Koninklijke DSM N.V., Lonza Group AG, Lubrizol Corporation, Sensient Technologies Corporation, Symrise AG |
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 6
Part 1. Key Findings 10
Part 2. Scope and Methodology 11
Report Scope 12
End-User 12
Botanical Ingredients Product Type in Cosmetics 12
Botanical Ingredients Application in Cosmetics 12
Botanical Ingredients Product Type in Functional Food 12
Botanical Ingredients Application in Functional Food 13
Region 13
Research Methodology 14
Part 3. Botanical Ingredients Market Overview 16
Summary 16
Part 4. Market Dynamics 20
Growth Drivers 20
Restraints and Challenges 26
Opportunities 29
Part 5. Global Botanical Ingredients Market by End-User 37
Part 6. Botanical Ingredients in Cosmetics Market 40
Product Type Analysis of Botanical Ingredients in the Cosmetics Market 40
Application Analysis of Botanical Ingredients in the Cosmetics Market 48
Region Analysis of Botanical Ingredients in the Cosmetics Market 53
Part 7. Botanical Ingredients in Functional Food Market 57
Product Type Analysis of Botanical Ingredients in the Functional Food Market 57
Application Analysis of Botanical Ingredients in the Functional Food Market 71
Region Analysis of Botanical Ingredients in the Functional Food Market 76
Part 8. Global Botanical Ingredients Market by Region 80
Part 9. North America Botanical Ingredients Market 83
Part 10. Europe Botanical Ingredients Market 88
Part 11. Asia Pacific Botanical Ingredients Market 93
Part 12. Rest of World Botanical Ingredients Market 108
Part 13. Competitive Analysis 113
Competition Overview 113
Recent Developments 115
OmniActive Health Technologies Limited 118
Business Overview 118
Products 118
Pursuing Novel Functional Food Botanical Ingredients: OmniActive Health Technologies Limited’s Exploration of Innovation 118
Contact Information 119
Arjuna Natural Extracts Ltd. 120
Business Overview 120
Exploring Innovations in the Functional Food Botanical Ingredients: Arjuna Natural Extracts Ltd.’s Endeavors 120
Contact Information 121
Kerry Group plc 122
Business Overview 122
Exploring Novel Functional Food Botanical Ingredients: Kerry Group plc’s Pursuit of Innovation 122
Contact Information 126
Givaudan S.A. 127
Business Overview 127
Givaudan: Leading the Way in Innovation for the Cosmetic Botanical Ingredients 127
Contact Information 130
Mibelle AG 131
Business Overview 131
Mibelle AG’s Prominent Role in Innovating the Cosmetic Botanical Ingredients 131
Contact Information 132
Clariant AG 133
Business Overview 133
Innovating the Cosmetic Botanical Ingredients: Clariant AG Takes the Lead 133
Contact Information 136
Air Liquide S.A. (Seppic) 137
Botanical Ingredients Business 137
Botanical Ingredients Business Recent Developments 137
Contact Information 138
Archer-Daniels-Midland Company 139
Business Overview 139
Contact Information 139
BASF SE 140
Business Overview 140
Contact Information 141
Croda International plc 142
Business Overview 142
Botanical Ingredients Business Recent Developments 142
Botanical Extracts 144
Contact Information 146
Döhler GmbH 147
Business Overview 147
Botanical Ingredients Products 147
Contact Information 148
Evonik Industries AG (BOTANICA GMBH) 149
Business Overview 149
Botanical Ingredients Business Recent Developments 149
Contact Information 151
Groupe Berkem S.A. 152
Business Overview 152
Contact Information 154
Ingredion Incorporated 155
Business Overview 155
Contact Information 157
Kemin Industries, Inc. 158
Business Overview 158
Products 158
Contact Information 158
Koninklijke DSM N.V. 159
Business Overview 159
Botanical Ingredients Business Recent Developments 159
Contact Information 162
Lonza Group AG 163
Business Overview 163
Health Ingredients 164
Contact Information 167
Lubrizol Corporation (Lipotec) 168
Active Ingredients Business Overview 168
Contact Information 168
Sensient Technologies Corporation 169
Business Overview 169
Principal Products 169
Flavors & Extracts Group 169
Contact Information 173
Symrise AG 174
Business Overview 174
Contact Information 176
Part 14. Market Trends 177
Disclaimer 187
FIGURES AND TABLES
Global Botanical Ingredients Market, Net Growth, 2020-2028 (USD Million)
Global Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
Global Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Cosmetics Market by Product Type, 2020-2028 (USD Million)
Global Botanical Ingredients in Cosmetics Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Cosmetics Market by Application, 2020-2028 (USD Million)
Global Botanical Ingredients in Cosmetics Market by Application, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Cosmetics Market by Region, 2020-2028 (USD Million)
Global Botanical Ingredients in Cosmetics Market by Region, CAGR Historic and Forecast, 2020-2028
Asia Pacific Botanical Ingredients in Cosmetics Market by Region, 2020-2028 (USD Million)
Asia Pacific Botanical Ingredients in Cosmetics Market by Region, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Functional Food Market by Product Type, 2020-2028 (USD Million)
Global Botanical Ingredients in Functional Food Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Functional Food Market by Application, 2020-2028 (USD Million)
Global Botanical Ingredients in Functional Food Market by Application, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients in Functional Food Market by Region, 2020-2028 (USD Million)
Global Botanical Ingredients in Functional Food Market by Region, CAGR Historic and Forecast, 2020-2028
Asia Pacific Botanical Ingredients in Functional Food Market by Region, 2020-2028 (USD Million)
Asia Pacific Botanical Ingredients in Functional Food Market by Region, CAGR Historic and Forecast, 2020-2028
Global Botanical Ingredients Market Share by Region, 2022
Global Botanical Ingredients Market by Region, 2020-2028 (USD Million)
Global Botanical Ingredients Market by Region, CAGR Historic and Forecast, 2020-2028
North America Botanical Ingredients Market, Net Growth, 2020-2028 (USD Million)
North America Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
North America Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
North America Botanical Ingredients Market Share by Country, 2022
Europe Botanical Ingredients Market, Net Growth, 2020-2028 (USD Million)
Europe Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
Europe Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Europe Botanical Ingredients Market Share by Country, 2022
Asia Pacific Botanical Ingredients Market, Net Growth, 2020-2028 (USD Million)
Asia Pacific Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
Asia Pacific Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Asia Pacific Botanical Ingredients Market by Country, 2020-2028 (USD Million)
Asia Pacific Botanical Ingredients Market by Country, CAGR Historic and Forecast, 2020-2028
Asia Pacific Botanical Ingredients Market Share by Country, 2022
China Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
China Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
India Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
India Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Rest of Asia Pacific Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
Rest of Asia Pacific Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Rest of World Botanical Ingredients Market, Net Growth, 2020-2028 (USD Million)
Rest of World Botanical Ingredients Market by End-User, 2020-2028 (USD Million)
Rest of World Botanical Ingredients Market by End-User, CAGR Historic and Forecast, 2020-2028
Rest of World Botanical Ingredients Market Share by Country, 2022
Botanical Ingredients in Cosmetics Market, Key Players
Botanical Ingredients in Functional Food Market, Key Players
Kerry Group plc Financial Overview (EUR Million)
Kerry Group plc Revenue, by Segment, 2022
Kerry Group plc Revenue, by Type, 2022
Kerry Group plc Revenue, by Region, 2022
Givaudan S.A. Financial Overview (CHFMillion)
Givaudan S.A. Revenue, by Segment, 2022
Givaudan S.A. Revenue, by Region, 2022
Clariant AG Financial Overview (CHF Million)
Clariant AG Revenue, by Segment, 2022
Clariant AG Revenue, by Region, 2022
Clariant AG Revenue, by Country, 2022
BASF SE Nutrition & Care Sales (EUR Million)
Croda International plc Financial Overview (GBP Million)
Croda International plc Revenue, by Segment, 2022
Croda International plc Revenue, by Region, 2022
Evonik Industries AG Nutrition & Care Sales (EUR Million)
Evonik Industries AG Nutrition & Care Sales, by Region, 2022
Groupe Berkem S.A. Financial Overview (EUR Million)
Groupe Berkem S.A. Revenue, by Segment, 2022
Groupe Berkem S.A. Revenue, by Region, 2022
Ingredion Incorporated Financial Overview (USD Million)
Ingredion Incorporated Revenue, by Country 2022
Ingredion Incorporated Revenue, by Region, 2022
Ingredion Incorporated Revenue, by Customers, 2022
Koninklijke DSM N.V. Financial Overview (EUR Million)
Koninklijke DSM N.V. Revenue, by Segment, 2022
Koninklijke DSM N.V. Revenue, by Type, 2022
Koninklijke DSM N.V. Revenue, by Region, 2022
Lonza Group AG Financial Overview (CHF Million)
Lonza Group AG Revenue, by Segment, 2022
Lonza Group AG Revenue, by Region, 2022
Lonza Group AG Capsules & Health Ingredients Revenue (CHF Million)
Sensient Technologies Corporation Financial Overview (USD Million)
Sensient Technologies Corporation Revenue, by Segment, 2022
Sensient Technologies Corporation Revenue, by Type, 2022
Sensient Technologies Corporation Revenue, by Region, 2022
Symrise AG Financial Overview (EUR Million)
Symrise AG Revenue, by Segment, 2022
Symrise AG Revenue, by Region, 2022
Companies Mentioned
A selection of companies mentioned in this report includes:
Air Liquide S.A.
Archer-Daniels-Midland Company
BASF SE
Clariant AG
Croda International plc
Döhler GmbH
Evonik Industries AG
Givaudan S.A.
Groupe Berkem S.A.
Ingredion Incorporated
Kemin Industries, Inc.
Kerry Group plc
Koninklijke DSM N.V.
Lonza Group AG
Lubrizol Corporation
Sensient Technologies Corporation
Symrise AG
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