Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 10.39 Billion |
| USD 19.16 Billion | |
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Global Phytomedicines and Herbal Extracts Market Segmentation, By Source (Leaves, Fruits, Flowers, and Bulbs, Rhizomes & Roots, Barks & Stems, and Seeds, Pods, and Berries), Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics, Personal Care Products and Toiletries), – Industry Trends and Forecast to 2032
Over the years, the health and wellness industry has become a dominant lifestyle value among consumers, profoundly changing consumer behaviour toward naturally sourced micronutrients. Natural products are now viewed as healthier alternatives to synthetic products by consumers. Phyto medicines and herbal extracts have a wide range of applications in a variety of industries, including cosmetics, pharmaceuticals for therapeutic properties, and food and beverage industries due to their beneficial components.
Global phytomedicines and herbal extracts market size was valued at USD 10.39 billion in 2024 and is projected to reach USD 19.16 billion by 2032, with a CAGR of 7.95% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Phytomedicines and Herbal Extracts Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Givaudan (Switzerland), Sensient Technologies Corporation (US), Symrise (Germany), Kangcare (China), PT. INDESSO AROMA (Indonesia), PT. Haldin Pacific Semesta. (US), VidyaHerbs (India), Tokiwa Phytochemical Co. Ltd. (Japan), NATIVE EXTRACTS Pty Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (China), Synthite Industries Ltd. (India), Döhler, International Flavors & Fragrances, Inc. (Germany), Martin Bauer Group (Germany), Arjuna Natural Pvt Ltd (India), Organic Herb Inc. (China), Plant Extracts International Inc (US)
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Market Opportunities
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Phytomedicines and Herbal Extracts Market Definition
Herbal extracts are plant concentrates with restorative properties and a high concentration of active compounds. Herbal concentrates are separated using various solvents. These solvents are made up of a combination of water, liquor, synthetic concoctions, or other fluids that are suitable for extracting the profitable parts of plants. Plant extraction is a procedure used to remove alluring segments or dynamic fixings found in any part of the plant. The extractions are solubilized and contained within a solvent, with the following arrangement being the ideal concentrate; the solvent is inevitably dispensed with to separate the plant extricate.
Phytomedicines and Herbal Extracts Market Dynamics
Drivers
The growing awareness of the negative effects of artificial flavourings and the health benefits provided by phytomedicines and herbal extracts has the potential to ignite the herbal extracts and derivatives industry. Furthermore, due to an increase in business R&D ventures and an increase in the demand for comfort foods, there has been a thriving demand for plant essences in food and drink manufacturing. The classification of various herbs and seasonings in response to shifting customer preferences and suggestions will maintain the market's equilibrium during the anticipated period.
Plant extracts are widely used in the pharmaceutical industry due to their beneficial properties, which helps the market remain profitable. The antibacterial effect of plant extracts, particularly for the treatment of age-related disorders like memory loss, immune disorders, and osteoporosis, is contributing to an increase in demand for plant extract for medicine manufacturing. Furthermore, the increasing regulatory requirements for the use of plant extracts as phytomedicine are expected to provide lucrative market opportunities for the growth of the phytomedicines and herbal extracts segment, which is expected to boost demand for plant extracts over the forecast period.
Opportunity
Technological advancements and improvements in the plant extraction process increase a company's production capability and allow it to extract various components from plants efficiently and at a low cost and effort, resulting in new market entrants and the expansion of existing market players' product lines. For example, new technological advancements in cannabis extraction production methods were made in 2019. With the introduction of high-tech manufacturing equipment and chemical apparatus, the cannabis industry is able to move away from traditional extraction techniques and experiment with new and innovative approaches. This has allowed for the introduction of new types of cannabis extracts to the market, such as oral tinctures, wax concentrates, and vape oils.
Restraints
Some of the factors that may limit the growth of the phytomedicines and herbal extracts market include a lack of raw materials, which has severe side effects and makes people vulnerable to a variety of ailments. Furthermore, the high cost of extraction is acting as a restraining factor for the phytomedicines and herbal extracts market. Organic and plant based products are subject to specific regulations. This can sometimes make it difficult for companies to obtain approval from authorities which can act as a challenge to the phytomedicines and herbal extracts market growth.
This phytomedicines and herbal extracts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the phytomedicines and herbal extracts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The phytomedicines and herbal extracts market is segmented on the basis of source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Sources
Application
The phytomedicines and herbal extracts market is analyzed and market size insights and trends are provided by country, source and application as referenced above.
The countries covered in the phytomedicines and herbal extracts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North American countries are among the leading importers of plant extracts from Asian countries. This is expected to be fuelled further by the development of new plant-based pharmaceuticals, as well as an increase in the beverage industry, where consumer preferences are shifting away from carbonated soft drinks and toward alternative beverages with natural flavour loadings. Consumer demand for fortified food products, supplements, and personal care products that provide health benefits and help with rising healthcare costs is driving growth in industrial consumption of plant extracts; the concept of healthy ageing and the rising trend of health-conscious diets are driving this market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The phytomedicines and herbal extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to phytomedicines and herbal extracts market.
Phytomedicines and Herbal Extracts Market Leaders Operating in the Market Are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Phytomedicines And Herbal Extracts Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Phytomedicines And Herbal Extracts Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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