Global Plant Extracts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In December 2021, ADM Flavor Infusion International, S.A. (FISA), a prominent provider of flavor and specialty ingredient solutions in Latin America and the Caribbean, was acquired by ADM. This acquisition is set to provide ADM with significant growth opportunities across Latin America and the Caribbean.

• Earlier in September 2021, ADM acquired Yerbalatina Phytoactives, a Brazilian manufacturer specializing in plant-based extracts and ingredients. This strategic move aims to bolster ADM's portfolio with natural ingredients that promote health, aligning with the rising consumer preference for wellness-oriented products. The acquisition further strengthens ADM's presence in the Brazilian market.

• In October 2021, Cargill introduced enhanced Nutrena Nature Wise formulas designed to boost the wellness and productivity of chickens. These poultry feeds incorporate essential oils like oregano and other herbs known for promoting flock health and increasing egg production. This product launch expands Cargill's portfolio, catering to growing customer demand for nutritious and high-quality animal feeds.

Plant extracts play a crucial role in pharmaceuticals due to their bioactive compounds that offer potential health benefits. They are utilized in formulating drugs for conditions like cardiovascular diseases, diabetes, and inflammation. The market's expansion in this segment is bolstered by rising health consciousness and demand for herbal medicines.

In the cosmetics industry, plant extracts are prized for their skin-enhancing properties and natural fragrance. They are incorporated into skincare, hair care, and fragrance products, appealing to consumers seeking non-toxic and sustainable alternatives. This segment is witnessing steady growth as beauty brands emphasize natural ingredients and eco-friendly formulations.

Plant extracts are widely used in the food and beverage industry as natural flavors, colors, and preservatives. They cater to the growing consumer preference for clean-label products and drive innovation in functional foods and beverages. The market benefits from increasing awareness of health benefits associated with plant-based diets, driving demand for botanical extracts as nutritional supplements.

Geographically, North America and Europe lead the global plant extracts market, driven by stringent regulations favoring natural ingredients and strong consumer demand for organic products. Asia-Pacific is emerging as a significant market due to traditional use of herbal remedies and expanding applications in pharmaceuticals and cosmetics. Latin America and Africa are also witnessing growth, leveraging rich biodiversity for plant extract production.

Global Plant Extracts Segment Analysis

In this report, the Global Plant Extracts Market has been segmented by Type, Application, Source and Geography.

Global Plant Extracts Market, Segmentation by Type

The Global Plant Extracts Market has been segmented by Type into Spices, Essential oils, Flavors & fragrances and Phytomedicines & herbal extracts.

Spices are an integral part of culinary traditions worldwide, valued for their flavors, aromas, and often their medicinal properties. The demand for spices in food and beverage applications continues to grow, driven by increasing global culinary diversity and the popularity of ethnic cuisines.

Essential Oils are concentrated extracts derived from plants, valued for their aromatic and therapeutic properties. These oils find extensive use in aromatherapy, cosmetics, and personal care products. The rising preference for natural and organic ingredients in these sectors contributes to the growth of this segment.

Flavors & Fragrances derived from plant extracts play a crucial role in enhancing the taste and scent profiles of various products, including food, beverages, cosmetics, and household goods. As consumer preferences shift towards natural ingredients and clean-label products, the demand for plant-based flavors and fragrances is experiencing robust growth.

Phytomedicines & Herbal Extracts encompass a wide range of products used for medicinal purposes, including dietary supplements, herbal medicines, and traditional remedies. Growing awareness about the health benefits of natural products and increasing consumer inclination towards preventive healthcare are driving the demand for phytomedicines and herbal extracts.

Global Plant Extracts Market, Segmentation by Application

The Global Plant Extracts Market has been segmented by Application into Pharmaceuticals & dietary supplements, Food & beverages and Cosmetics.

In the pharmaceutical and dietary supplements sector, plant extracts are extensively utilized for their therapeutic properties. They serve as active ingredients in herbal medicines, contributing to treatments for a diverse range of ailments. The increasing consumer preference for natural and organic products further boosts the demand for plant-based supplements, driving growth in this segment.

Within the food and beverage industry, plant extracts are utilized for their flavoring, coloring, and functional properties. They are incorporated into products to enhance taste profiles, impart natural colors, and offer health benefits. Plant extracts are particularly sought after in the functional food segment, where there is a rising demand for products that promote health and wellness.

In the cosmetics sector, plant extracts are prized for their skincare, haircare, and beauty-enhancing properties. They are used in formulations for their moisturizing, anti-aging, antioxidant, and UV protection benefits. Consumer preference for clean beauty products and sustainable sourcing practices further supports the market growth for plant-derived ingredients in cosmetics.

Global Plant Extracts Market, Segmentation by Source

The Global Plant Extracts Market has been segmented by Source into Leaves, Fruits, flowers, and bulbs, Rhizomes & roots and Barks & stems.

Extracts derived from leaves are rich in bioactive compounds such as polyphenols, flavonoids, and essential oils. These extracts find extensive use in herbal medicines, dietary supplements, and skincare products due to their antioxidant, anti-inflammatory, and antimicrobial properties.

Fruits, Flowers, and Bulbs: Extracts from fruits, flowers, and bulbs are valued for their aromatic and therapeutic qualities. They are commonly used in cosmetics, perfumes, and aromatherapy products. Examples include lavender oil from flowers, citrus extracts from fruits, and garlic extracts from bulbs, each offering unique health and wellness benefits.

Extracts sourced from rhizomes and roots are often prized for their medicinal properties. Ingredients like gingerol from ginger roots or curcumin from turmeric rhizomes are widely used in dietary supplements, functional foods, and traditional medicines for their anti-inflammatory, digestive health, and immune-boosting benefits.

Extracts obtained from barks and stems contain compounds like alkaloids, resins, and tannins, which have therapeutic effects. These extracts are utilized in pharmaceuticals, natural dyes, and herbal remedies. For instance, quinine from cinchona bark is used to treat malaria, while resveratrol from grapevine stems is known for its antioxidant properties.

The Global Plant Extracts Market continues to expand as consumer preferences shift towards natural and sustainable products. With ongoing research into the therapeutic benefits of plant extracts and increasing applications across various industries, this market is poised for significant growth in the coming years. Innovations in extraction technologies and sustainable sourcing practices are also expected to drive market dynamics, meeting the rising demand for plant-based solutions in global markets.

Global Plant Extracts Market, Segmentation by Geography

In this report, the Global Plant Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Plant Extracts Market Share (%), by Geographical Region, 2024

North America and Europe are prominent markets for plant extracts, driven by increasing consumer awareness and demand for natural products. The presence of established industries focusing on herbal and botanical supplements further boosts market growth in these regions. Regulatory support for herbal products also contributes to market expansion.

In Asia Pacific, the market for plant extracts is witnessing robust growth, driven by the rich biodiversity of plant species and traditional medicinal practices. Countries like China and India are major contributors to market revenue, owing to their extensive use of herbal remedies in traditional medicine and growing export opportunities.

The Middle East and Africa region is experiencing steady growth in the plant extracts market, supported by the increasing adoption of herbal products in personal care, pharmaceuticals, and food industries. Rising health consciousness and preference for organic products among consumers are key drivers in this region.

Latin America exhibits significant potential in the plant extracts market, driven by the region's diverse flora and traditional use of plants for medicinal purposes. Increasing investments in research and development of plant-derived pharmaceuticals and nutraceuticals further propel market growth.

This report provides an in depth analysis of various factors that impact the dynamics of Global Plant Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Health and wellness trends
• Increasing natural product demand
• Growth in pharmaceutical applications
• Rise in consumer awareness

• Sustainable sourcing practices: Sustainable sourcing practices have become increasingly crucial in the Global Plant Extracts Market, driven by growing consumer awareness and regulatory pressures. As demand for plant extracts rises across industries such as pharmaceuticals, cosmetics, and food & beverages, there's a parallel emphasis on responsible sourcing methods. Companies are focusing on ensuring traceability throughout their supply chains, from cultivation to extraction, to guarantee the sustainability of raw materials. This includes practices like organic farming, fair trade certifications, and biodiversity conservation initiatives to minimize environmental impact and support local communities.

  Sustainability in the Global Plant Extracts Market extends beyond ethical sourcing to include eco-friendly extraction processes. Innovations in extraction technologies aim to reduce energy consumption and waste generation while maximizing yield and preserving the bioactive compounds of plants. These advancements not only align with environmental sustainability goals but also enhance product quality and efficacy, meeting the stringent standards of discerning consumers and regulatory bodies alike. Moving forward, the market is likely to see continued integration of sustainable practices as a competitive advantage, driving both innovation and responsible growth in the plant extracts industry.

Restraints

• Health and wellness trends
• Increasing natural product demand
• Growth in pharmaceutical applications
• Rise in consumer awareness

• Sustainable sourcing practices: Sustainable sourcing practices in the global plant extracts market have become increasingly pivotal as consumer demand for natural and eco-friendly products rises. Plant extracts are utilized across various industries, including pharmaceuticals, cosmetics, food and beverages, and more, highlighting the need for responsible and ethical sourcing methods. Sustainable practices involve ensuring biodiversity conservation, respecting indigenous rights, and promoting fair trade principles. Companies are increasingly focusing on certifications like FairWild and Fair Trade to validate their commitment to ethical sourcing.

  Sustainable practices also encompass efficient use of resources, such as water and energy, during extraction processes. Innovations in extraction technologies aim to minimize environmental impact by reducing waste and emissions. Additionally, initiatives promoting organic farming and wild harvesting techniques contribute to sustainable sourcing by maintaining the integrity of natural habitats and supporting local communities economically. As global awareness grows regarding the impact of sourcing practices on ecosystems and communities, companies in the plant extracts market are under increasing pressure to adopt and promote sustainable and ethical practices throughout their supply chains.

Opportunities

• Expansion in nutraceuticals sector
• Emerging markets growth potential
• Innovations in extraction technologies
• Functional food applications

• Demand for organic products: The global demand for organic products, including plant extracts, has been steadily rising due to increasing consumer awareness of health and environmental sustainability. Plant extracts are derived from various parts of plants such as leaves, roots, flowers, and seeds, and are valued for their therapeutic properties and applications in various industries including pharmaceuticals, cosmetics, and food & beverages. The market growth is driven by the growing preference for natural and organic ingredients in consumer products, coupled with the rising adoption of herbal medicines and dietary supplements.

  In recent years, the plant extracts market has witnessed significant expansion fueled by advancements in extraction technologies, which enhance the efficiency and quality of extraction processes. This has led to a broader range of plant extracts being commercially viable for use in diverse applications. Moreover, regulatory support for organic farming practices and certifications has bolstered consumer trust and facilitated market growth. As consumer preferences continue to shift towards sustainable and eco-friendly products, the global plant extracts market is expected to further expand, driven by innovations in product development and increasing investments in research and development within the natural products sector.

Key players in Global Plant Extracts Market include:

• Givaudan
• International Flavors & Fragrances, Inc. (IFF)
• Sensient Technologies
• Symrise AG
• Dhler
• Synthite Industries Private Ltd.
• PT. Indesso Aroma
• PT. Haldin Pacific Semesta
• Vidya Herbs Private Limited
• Arjuna Natural Extracts Ltd.
• Martin Bauer Group
• Kangcare Bioindustry Co., Ltd

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis