- Botanical ingredients, derived from plants such as herbs, fruits, vegetables, and flowers, are increasingly integral to industries such as food and beverages, cosmetics, and pharmaceuticals due to their natural properties, sustainability, and consumer appeal
- The growing trend toward plant-based diets, coupled with rising demand for natural personal care products and dietary supplements, is fueling the adoption of botanical ingredients globally
- North America dominated the botanical ingredients market with the largest revenue share of 38.5% in 2024, driven by high consumer awareness, strong demand for organic products, and the presence of key market players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid urbanization, increasing disposable incomes, and growing consumer preference for natural and herbal products
- The plant extracts segment dominated the largest market revenue share of approximately 40% in 2024, driven by their widespread use across food, beverage, cosmetic, and pharmaceutical industries due to their bioactive compounds and health benefits
