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The market for natural extracts was worth $10.32 billion in 2022 and is expected to increase to $22.58 billion by 2030, a 9.9 percent compound annual growth rate (CAGR) over the forecast period (2023-2030).
Natural extracts are compounds utilized in a wide variety of applications, such as in the flavoring, pharmaceutical, and cosmetic industries, and are produced from plants, animals, or minerals. Steam distillation, solvent extraction, and cold pressing are just a few of the procedures used to remove the active components from the raw material and produce a natural extract. Essential oils, extracts of herbs, and extracts of fruits are all examples of natural extracts. Antioxidant, anti-inflammatory, and antibacterial activities are just some of the reasons these extracts see widespread use. Because of their perceived safety and lower environmental impact, natural extracts are gaining popularity in several sectors. The expansion of the market is anticipated to be driven by the increasing demand for natural and clean-label products and the increasing awareness of the health advantages of natural extracts. According to the data, the food and beverage industry represented more than 40% of the global market in 2023. The rising popularity of using all-natural ingredients and flavors in the food sector is likely to have contributed to this trend. Natural ingredients in both cosmetics and pharmaceuticals are becoming increasingly popular, and the research notes that this is an expanding market for natural extracts.
Rising consumer interest in all things natural, coupled with the region's rapid population expansion, bodes well for the APAC region's natural extracts industry. The increased demand for natural and organic products in the region, as well as rising consumer disposable income, are propelling the industry forward. And by 2030, analysts predict that North America's portion of the global market will be the greatest. Market expansion in the region is anticipated to be spurred by rising demand for natural food and beverage items, as well as natural personal care and pharmaceutical products. The expansion of the market could be stunted by a number of other elements. Natural extracts tend to be more expensive than their synthetic counterparts. Natural extracts can be difficult for manufacturers to work with because of the lengthy and intricate extraction procedure. Raw material scarcity for natural extracts is another possible barrier, as it could cause supply chain interruptions and price hikes. Finally, market expansion could be hampered by regulatory hurdles and regional regulatory differences.
Source Market Analysis of Natural Extracts
The plant, animal, and mineral markets can be broken out independently. The vast majority of commercially available natural extracts come from plants. This industry has expanded thanks to rising interest in using organic and natural ingredients in the food and beverage, cosmetics, and pharmaceutical sectors. Many beneficial bioactive chemicals, including polyphenols, flavonoids, and terpenes, are extracted from plants and employed in medicine.
One of the most rapidly expanding areas of the industry is natural extracts derived from animals. Fish, shellfish, and insects are only some of the animals used to harvest these ingredients. The pharmaceutical and nutraceutical industries make extensive use of these extracts because of their distinctive chemical make-up and possible therapeutic benefits. Fish oil, for instance, contains a high concentration of omega-3 fatty acids, which have been linked to a lower risk of heart disease and other health advantages. A lesser proportion of natural extracts are derived from minerals found in the earth's crust and mantle. Because of their reviving and nourishing effects on the skin, these extracts find widespread application in the cosmetics sector. To purify and smooth the face, clay extracts are frequently utilized in facial masks and other skincare products.
Market Segmentation of Natural Extracts
The pharmaceuticals, nutraceuticals, cosmetics, and food and beverage industries each represent distinct subsets of the overall market. Phytochemicals are molecules found naturally in plants. They are widely used for their therapeutic benefits. Anti-inflammatory, cancer-preventing, and heart-health boosting, these compounds can be found in a wide variety of plant-based foods, including fruits, vegetables, and grains. Demand for natural and organic products is on the rise, and with that comes opportunity for the phytochemicals industry.
Essential oils, which are produced from plants using methods including steam distillation, solvent extraction, and cold pressing, are one of the most rapidly expanding volatile aromatic chemicals. The distinctive aroma of these oils makes them ideal for use in aromatherapy, perfumery, and other forms of personal care. Rising interest in all-natural cleaning supplies and cosmetics bodes well for the essential oils industry.
Factors Influencing the Sale of Natural Extracts
Rising conscientization among buyers
The rising preference for natural and organic products, coupled with rising consumer awareness of the dangers of synthetic chemicals, is a primary factor propelling the natural extracts industry. Customers are more concerned about their health and are seeking out alternatives to products containing synthetic chemicals and additives. The demand for natural extracts is being fueled by the widespread belief that they are safer and healthier than their synthetic chemical counterparts across a variety of end-use industries, including the food and beverage, pharmaceutical, personal care and cosmetics, and nutraceutical industries. The natural extracts market is expanding because of rising interest in clean-label products and rising consumer demand for eco-friendly and sustainable goods.
Limitations of the Market for Natural Extracts
The astronomical price of the extract
The high cost of natural extracts compared to synthetic alternatives is a primary factor holding back the worldwide natural extract market. Producing natural extracts is typically more costly due to the additional materials and processing time required. As a result, some potential buyers may be put off and instead go with a less expensive synthetic option. The supply and price of natural extracts can also be impacted by factors such as the scarcity of certain natural resources and the effect of weather on agricultural yields. These problems can hinder the expansion of the natural extract market and create difficulties for businesses in the sector.
Key Market Developments
The rising demand for plant-based extracts is a major market trend in the worldwide natural extract industry. The market for plant-based extracts is being driven by the growing interest in all-natural and plant-based goods among consumers. To meet this rising demand, manufacturers are now concentrating on creating extracts from plants. The market is expanding because of the rising popularity of functional food and beverage items including energy drinks and health supplements that make use of natural extracts. The natural extract market is also expanding as a result of a growing emphasis on the responsible and ethical procurement of raw materials.
Report Coverage
Global Natural Extracts research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Extracts report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Extracts competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Extracts market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Extracts market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Extracts market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Symrise AG, Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Takasago International Corporation, Kerry Group plc, Sensient Technologies Corporation, Archer Daniels Midland Company, Robertet SA, Döhler GmbH, Nexira SAS, Naturex SA, Kalsec Inc., Frutarom Industries Ltd., Vidya Herbs Pvt. Ltd., Synthite Industries Ltd., Biolandes SAS, PT Indesso Aroma, Plant Extracts International Inc., Martin Bauer Group
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Extracts market based on the below-mentioned segments:
Global Natural Extracts Market, By Type
Phytochemicals
Essential oils
Flavors and Fragrances
Others
Global Natural Extracts market, By Application
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Nutraceuticals
Global Natural Extracts Market, By Source
Plants
Animals
Minerals
Global Natural Extracts market, Regional Analysis
Natural extracts are compounds utilized in a wide variety of applications, such as in the flavoring, pharmaceutical, and cosmetic industries, and are produced from plants, animals, or minerals. Steam distillation, solvent extraction, and cold pressing are just a few of the procedures used to remove the active components from the raw material and produce a natural extract. Essential oils, extracts of herbs, and extracts of fruits are all examples of natural extracts. Antioxidant, anti-inflammatory, and antibacterial activities are just some of the reasons these extracts see widespread use. Because of their perceived safety and lower environmental impact, natural extracts are gaining popularity in several sectors. The expansion of the market is anticipated to be driven by the increasing demand for natural and clean-label products and the increasing awareness of the health advantages of natural extracts. According to the data, the food and beverage industry represented more than 40% of the global market in 2023. The rising popularity of using all-natural ingredients and flavors in the food sector is likely to have contributed to this trend. Natural ingredients in both cosmetics and pharmaceuticals are becoming increasingly popular, and the research notes that this is an expanding market for natural extracts.
Rising consumer interest in all things natural, coupled with the region's rapid population expansion, bodes well for the APAC region's natural extracts industry. The increased demand for natural and organic products in the region, as well as rising consumer disposable income, are propelling the industry forward. And by 2030, analysts predict that North America's portion of the global market will be the greatest. Market expansion in the region is anticipated to be spurred by rising demand for natural food and beverage items, as well as natural personal care and pharmaceutical products. The expansion of the market could be stunted by a number of other elements. Natural extracts tend to be more expensive than their synthetic counterparts. Natural extracts can be difficult for manufacturers to work with because of the lengthy and intricate extraction procedure. Raw material scarcity for natural extracts is another possible barrier, as it could cause supply chain interruptions and price hikes. Finally, market expansion could be hampered by regulatory hurdles and regional regulatory differences.
Source Market Analysis of Natural Extracts
The plant, animal, and mineral markets can be broken out independently. The vast majority of commercially available natural extracts come from plants. This industry has expanded thanks to rising interest in using organic and natural ingredients in the food and beverage, cosmetics, and pharmaceutical sectors. Many beneficial bioactive chemicals, including polyphenols, flavonoids, and terpenes, are extracted from plants and employed in medicine.
One of the most rapidly expanding areas of the industry is natural extracts derived from animals. Fish, shellfish, and insects are only some of the animals used to harvest these ingredients. The pharmaceutical and nutraceutical industries make extensive use of these extracts because of their distinctive chemical make-up and possible therapeutic benefits. Fish oil, for instance, contains a high concentration of omega-3 fatty acids, which have been linked to a lower risk of heart disease and other health advantages. A lesser proportion of natural extracts are derived from minerals found in the earth's crust and mantle. Because of their reviving and nourishing effects on the skin, these extracts find widespread application in the cosmetics sector. To purify and smooth the face, clay extracts are frequently utilized in facial masks and other skincare products.
Market Segmentation of Natural Extracts
The pharmaceuticals, nutraceuticals, cosmetics, and food and beverage industries each represent distinct subsets of the overall market. Phytochemicals are molecules found naturally in plants. They are widely used for their therapeutic benefits. Anti-inflammatory, cancer-preventing, and heart-health boosting, these compounds can be found in a wide variety of plant-based foods, including fruits, vegetables, and grains. Demand for natural and organic products is on the rise, and with that comes opportunity for the phytochemicals industry.
Essential oils, which are produced from plants using methods including steam distillation, solvent extraction, and cold pressing, are one of the most rapidly expanding volatile aromatic chemicals. The distinctive aroma of these oils makes them ideal for use in aromatherapy, perfumery, and other forms of personal care. Rising interest in all-natural cleaning supplies and cosmetics bodes well for the essential oils industry.
Factors Influencing the Sale of Natural Extracts
Rising conscientization among buyers
The rising preference for natural and organic products, coupled with rising consumer awareness of the dangers of synthetic chemicals, is a primary factor propelling the natural extracts industry. Customers are more concerned about their health and are seeking out alternatives to products containing synthetic chemicals and additives. The demand for natural extracts is being fueled by the widespread belief that they are safer and healthier than their synthetic chemical counterparts across a variety of end-use industries, including the food and beverage, pharmaceutical, personal care and cosmetics, and nutraceutical industries. The natural extracts market is expanding because of rising interest in clean-label products and rising consumer demand for eco-friendly and sustainable goods.
Limitations of the Market for Natural Extracts
The astronomical price of the extract
The high cost of natural extracts compared to synthetic alternatives is a primary factor holding back the worldwide natural extract market. Producing natural extracts is typically more costly due to the additional materials and processing time required. As a result, some potential buyers may be put off and instead go with a less expensive synthetic option. The supply and price of natural extracts can also be impacted by factors such as the scarcity of certain natural resources and the effect of weather on agricultural yields. These problems can hinder the expansion of the natural extract market and create difficulties for businesses in the sector.
Key Market Developments
The rising demand for plant-based extracts is a major market trend in the worldwide natural extract industry. The market for plant-based extracts is being driven by the growing interest in all-natural and plant-based goods among consumers. To meet this rising demand, manufacturers are now concentrating on creating extracts from plants. The market is expanding because of the rising popularity of functional food and beverage items including energy drinks and health supplements that make use of natural extracts. The natural extract market is also expanding as a result of a growing emphasis on the responsible and ethical procurement of raw materials.
Report Coverage
Global Natural Extracts research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Extracts report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Extracts competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Extracts market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Symrise AG, Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Takasago International Corporation, Kerry Group plc, Sensient Technologies Corporation, Archer Daniels Midland Company, Robertet SA, Döhler GmbH, Nexira SAS, Naturex SA, Kalsec Inc., Frutarom Industries Ltd., Vidya Herbs Pvt. Ltd., Synthite Industries Ltd., Biolandes SAS, PT Indesso Aroma, Plant Extracts International Inc., Martin Bauer Group |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Natural Extracts Market from 2021 to 2030.
- Market Forecast for Natural Extracts Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Natural Extracts competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Natural Extracts
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Extracts market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Extracts market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Symrise AG, Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Takasago International Corporation, Kerry Group plc, Sensient Technologies Corporation, Archer Daniels Midland Company, Robertet SA, Döhler GmbH, Nexira SAS, Naturex SA, Kalsec Inc., Frutarom Industries Ltd., Vidya Herbs Pvt. Ltd., Synthite Industries Ltd., Biolandes SAS, PT Indesso Aroma, Plant Extracts International Inc., Martin Bauer Group
Primary Target Market
- Market Players of Natural Extracts
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Extracts market based on the below-mentioned segments:
Global Natural Extracts Market, By Type
Phytochemicals
Essential oils
Flavors and Fragrances
Others
Global Natural Extracts market, By Application
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Nutraceuticals
Global Natural Extracts Market, By Source
Plants
Animals
Minerals
Global Natural Extracts market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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