Herbal Extract Market by Source (Mint, Lavender, Basil, Others), by Form (Liquid, Powder), by Application (Food & Beverages, Pharmaceuticals, Personal Care, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Herbal Extract Market was valued at USD 34.2 Billion in 2023 and is projected to reach USD 52.45 Billion by 2032, with an expected CAGR of 6.3% during the forecast period. Herbal extract is a basic and complex substance specified as a specific and concentrated compound derived from plants, preserving the specific compounds that are useful in the plant to be used for different purposes. They exist in various preparations; liquid extracts, tinctures, powdered extracts and standard extracts. A liquid extract is an alcoholic preparation and is characterised by fast absorption rate while tinctures are weaker preparations of liquid extracts. Powdered extracts are concentrated and standardized products; thus, a standardized extract contains a predetermined amount of active agent. Herbal extracts are known to possess pharmacological effects which can be antioxidant, anti-inflammatory and antimicrobial. It is utilized in the production of pharmaceutical products, nutritional supplements, cosmetics, and foods for the improvement of health, healing and as natural source of flavours or aroma. Some of their uses are in making creams, lotions and ointments, nutritional supplements and herbal products.
Herbal Extract Trends
Source:
Form:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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