Meticulous Research®—a leading global market research company, published a research report titled ‘Botanicals Market—Global Opportunity Analysis and Industry Forecast (2025-2032)’. According to this latest publication, the Botanicals market is expected to reach $24.97 billion by 2032, at a CAGR of 9.0% from 2025 to 2032.
The growth of the botanicals market is experiencing growth due to the rising demand for botanicals in the food and beverage sector, increased consumer awareness regarding the health benefits of botanical extracts, expansion within the cosmetics and personal care industries, and an increasing preference for natural and organic products. However, this growth is restrained by factors such as volatility in raw material prices, the widespread availability of synthetic alternatives, and issues related to standardization and quality consistency.
In addition, regulatory support and a growing demand for vegan beauty products present significant opportunities for the players operating in this market. Furthermore, the rising adoption of clean-label products and an increasing awareness of health and wellness are prominent trends shaping the botanicals market.
Key Players:
The botanicals market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the botanicals market are International Flavors & Fragrances (U.S.), MB-Holding GmbH & Co. K.G. (Germany), Givaudan SA (Switzerland), Bell Flavors& Fragrances (U.S.), Synergy Flavors (U.S.), Blue Sky Botanics Ltd. (U.K.), Dohler GmbH (Germany), Synthite Industries Ltd. (India), Cargill, Incorporated (U.S.), Kalsec Inc. (U.S.), Nexira (U.S.), Botanical Ingredients Ltd. (Australia), Lipoid Kosmetic AG (Switzerland), and Nutra Green Biotechnology Co., Ltd. (China).
The botanicals market is segmented based on product type and distribution channel. This study also evaluates industry competitors and analyzes the regional and country-level markets.
Among the product studied in this report, the garlic extract segment is anticipated to hold the dominant position, with a share of 30—35% of the market in 2025. This segment's significant market share is primarily driven by its diverse medicinal properties, including support for cardiovascular health, enhancement of the immune system, and anti-inflammatory effects. Furthermore, its broad applications across the food and beverage, cosmetics, and pharmaceutical industries, along with its strong antimicrobial properties, contribute significantly to market growth.
Among the form studied in this report, the powder segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2025. This segment's significant market share is attributed to its versatility in applications, allowing for seamless integration into various formulations. Its cost-effectiveness, resulting from straightforward production processes, coupled with a comprehensive range of active components, further enhances its appeal in the market.
Among the nature studied in this report, the non-organic segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2025. This segment's significant market share is largely due to the widespread availability of non-organic botanical extracts, as many companies offer these products without organic certifications. Additionally, a large base of cost-conscious consumers who prioritize price over organic certification—especially when the perceived health benefits of non-organic botanicals are viewed as comparable to those of their organic counterparts—further drives market growth.
Among the application studied in this report, the cosmetics and personal care segment is anticipated to hold the dominant position, with a large share of the botanicals market in 2025. This segment's significant market share is driven by the expansive global cosmetics and personal care industry and a growing consumer preference for natural and organic ingredients.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Poland, Belgium, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.
Among the geographies studied in this report, Europe is anticipated to hold the dominant position, with aa share of 35.8% of the market in 2025, followed by North America and Asia-Pacific. North America's botanicals market is estimated to be worth USD 4.64 billion in 2025. The significant share of this regional market is driven by several key factors, including increased awareness of natural and organic products, increased consumer spending on health and wellness items, stringent regional regulations governing the use of synthetic ingredients across various industries, and the widespread adoption of natural ingredients in personal care and cosmetics.
Key Questions Answered in the Report-
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