Global Lovage Extract Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Origin;

Shoot and Root.

By Wise;

Liquid, Paste and Powder.

By Application;

Spice, Alternative medicine and Flavoring agent.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn603389815 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Lovage Extract Market (USD Million), 2021 - 2031

In the year 2024, the Global Lovage Extract Market was valued at USD 80.53 million. The size of this market is expected to increase to USD 105.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Global Lovage Extract Market is poised for significant growth from 2024 to 2030, driven by increasing awareness of the health benefits associated with natural and herbal products. Lovage extract, derived from the Levisticum officinale plant, is gaining popularity due to its wide range of applications in the pharmaceutical, food and beverage, and cosmetics industries. The rising trend towards natural ingredients and clean label products is a major factor fueling the demand for lovage extract globally.

In the food and beverage industry, lovage extract is valued for its distinctive flavor, which enhances the taste of soups, sauces, and other culinary products. Additionally, its use in traditional medicine for treating digestive disorders and its anti-inflammatory properties make it a sought-after ingredient in the pharmaceutical sector. The growing consumer inclination towards herbal supplements and natural remedies is further propelling the market growth.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Europe holds a significant share due to the high demand for natural and organic products in the region. North America is also a prominent market, driven by the increasing health-conscious population and the expanding dietary supplement industry. The Asia Pacific region is expected to witness the fastest growth, attributed to the rising disposable incomes, urbanization, and increasing awareness of herbal products' benefits.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Origin
    2. Market Snapshot, By Wise
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Lovage Extract Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health Benefits
        2. Increasing Demand for Natural Ingredients
        3. Rising Popularity in Culinary Applications
      2. Restraints
        1. High Production Costs
        2. Limited Awareness
      3. Opportunities
        1. Expanding Use in Cosmetics and Personal Care
        2. Growth in Herbal Medicine Market
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Lovage Extract Market, By Origin, 2021 - 2031 (USD Million)
      1. Shoot
      2. Root
    2. Global Lovage Extract Market, By Wise, 2021 - 2031 (USD Million)
      1. Liquid
      2. Paste
      3. Powder
    3. Global Lovage Extract Market, By Application, 2021 - 2031 (USD Million)
      1. Spice
      2. Alternative medicine
      3. Flavoring agent.
    4. Global Lovage Extract Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nature's Way Products, LLC
      2. Swanson Health Products
      3. Mountain Rose Herbs
      4. Bio-Botanica Inc.
      5. Herb Pharm
      6. Starwest Botanicals
      7. Monterey Bay Spice Company
      8. Amax NutraSource, Inc.
      9. NutraMarks, Inc.
      10. Xi'an Sgonek Biological Technology Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market