Herbal Extract Market Size, Share, and Trends 2024 to 2034

The global herbal extract market size accounted for USD 48.90 billion in 2025 and is forecasted to hit around USD 103.55 billion by 2034, representing a CAGR of 8.69% from 2025 to 2034. The Asia Pacific market size was estimated at USD 22.99 billion in 2024 and is expanding at a CAGR of 8.81% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : March 2025
  • Report Code : 3057
  • Category : Food and Beverages

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Herbal Extract Market 

5.1. COVID-19 Landscape: Herbal Extract Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Herbal Extract Market, By Source

8.1. Herbal Extract Market Revenue and Volume, by Source

8.1.1 Fruits, flowers and bulbs

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Leaves

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Barks & stems

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Rhizomes & roots

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Herbal Extract Market, By Type

9.1. Herbal Extract Market Revenue and Volume, by Type

9.1.1. Phytomedicines

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Essential oils

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Spices

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Flavors & fragrances

9.1.4.1. Market Revenue and Volume Forecast

Chapter 10. Global Herbal Extract Market, By Application 

10.1. Herbal Extract Market Revenue and Volume, by Application

10.1.1. Pharmaceutical & dietary supplements

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Food & Beverage

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Cosmetics

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Others

10.1.4.1. Market Revenue and Volume Forecast

Chapter 11. Global Herbal Extract Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Source

11.1.2. Market Revenue and Volume Forecast, by Type

11.1.3. Market Revenue and Volume Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Source

11.1.4.2. Market Revenue and Volume Forecast, by Type

11.1.4.3. Market Revenue and Volume Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Source

11.1.5.2. Market Revenue and Volume Forecast, by Type

11.1.5.3. Market Revenue and Volume Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Source

11.2.2. Market Revenue and Volume Forecast, by Type

11.2.3. Market Revenue and Volume Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Source

11.2.4.2. Market Revenue and Volume Forecast, by Type

11.2.4.3. Market Revenue and Volume Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Source

11.2.5.2. Market Revenue and Volume Forecast, by Type

11.2.5.3. Market Revenue and Volume Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Source

11.2.6.2. Market Revenue and Volume Forecast, by Type

11.2.6.3. Market Revenue and Volume Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Source

11.2.7.2. Market Revenue and Volume Forecast, by Type

11.2.7.3. Market Revenue and Volume Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Source

11.3.2. Market Revenue and Volume Forecast, by Type

11.3.3. Market Revenue and Volume Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Source

11.3.4.2. Market Revenue and Volume Forecast, by Type

11.3.4.3. Market Revenue and Volume Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Source

11.3.5.2. Market Revenue and Volume Forecast, by Type

11.3.5.3. Market Revenue and Volume Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Source

11.3.6.2. Market Revenue and Volume Forecast, by Type

11.3.6.3. Market Revenue and Volume Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Source

11.3.7.2. Market Revenue and Volume Forecast, by Type

11.3.7.3. Market Revenue and Volume Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Source

11.4.2. Market Revenue and Volume Forecast, by Type

11.4.3. Market Revenue and Volume Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Source

11.4.4.2. Market Revenue and Volume Forecast, by Type

11.4.4.3. Market Revenue and Volume Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Source

11.4.5.2. Market Revenue and Volume Forecast, by Type

11.4.5.3. Market Revenue and Volume Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Source

11.4.6.2. Market Revenue and Volume Forecast, by Type

11.4.6.3. Market Revenue and Volume Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Source

11.4.7.2. Market Revenue and Volume Forecast, by Type

11.4.7.3. Market Revenue and Volume Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Source

11.5.2. Market Revenue and Volume Forecast, by Type

11.5.3. Market Revenue and Volume Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Source

11.5.4.2. Market Revenue and Volume Forecast, by Type

11.5.4.3. Market Revenue and Volume Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Source

11.5.5.2. Market Revenue and Volume Forecast, by Type

11.5.5.3. Market Revenue and Volume Forecast, by Application

Chapter 12. Company Profiles

12.1. Symrise

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Kancor

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Synthite Industries Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Ransom Naturals Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. India Essential Oils

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. A.G. Industries

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Flavex Naturextrakte GmbH

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Arjuna Natural Pvt. Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Firmenich SA

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Robertet Group

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global herbal extract market size is expected to increase USD 103.55 billion by 2034 from USD 43.38 billion in 2024.

The global herbal extract market will register growth rate of 8.68% between 2025 and 2034.

The major players operating in the herbal extract market are Symrise, Kancor, Synthite Industries Ltd., Ransom Naturals Ltd., India Essential Oils, A.G. Industries, Flavex Naturextrakte GmbH, Arjuna Natural Pvt. Ltd., Firmenich SA, Robertet Group, Sami Spices, doTERRA, and Others.

The driving factors of the herbal extract market are the rising utilization from the nutrition industry and rising demand of extracts for herbal medicines.

Asia Pacific region will lead the global herbal extract market during the forecast period 2025 to 2034.

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