How big is the Botanical Extract Market | Global Trends, Share & Forecast

Q: How big is the botanical extract market?

The botanical market was estimated at 8.1 billion in 2024 and is projected to reach USD 14 billion by 2031.

Q: What factors are driving growth in this market?

Demand for natural, plant-based ingredients across food, cosmetic, and healthcare sectors is the primary driver.

Q: What are the key trends in this market?

Trends include clean-label product development, adaptogenic extract demand, and high-tech extraction innovations.

Q: What challenges does the market face?

Challenges include raw material price volatility, standardization issues, and regulatory differences across regions.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5227

Publication Date: Jul 2025

What is the size of the Botanical Extract Market?

According to 6Wresearch internal database and industry insights, the Botanical Extract Market was valued at USD 6.1 Billion in 2024 and is expected to reach USD 8.9 Billion by 2031, growing at a compound annual growth rate of 6.20% during the forecast period (2025-2031).

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Due to rising demand for natural ingredients in pharmaceuticals, personal care, and functional food & beverage industries, the market is continued to rise in the forthcoming years.

Key Growth Factors of the Botanical Extract Market

Growing consumer preference for plant-based and clean-label products
Increased usage of botanical extracts in skincare and nutraceuticals
Rising awareness of preventive healthcare and herbal remedies
Expansion of organic farming and sustainable sourcing practices
Supportive regulatory stance on natural ingredient formulations

Botanical Extract Market Trends

The botanical extract market is growing with notable trends such as the shift towards organic-certified and solvent-free botanical extracts is increasing. Aside from this, the adaptogens, such as ashwagandha and ginseng, are gaining popularity for their stress-reducing properties. Further, the plant-based antimicrobials and antioxidant-rich extracts are in high demand in natural preservatives and cosmetics. Together, all these trends are contributing in the development of the market.

Emerging Developments in the Botanical Extract Market

Botanical extract market is being advanced with the extraction technologies such as supercritical COâ‚‚ and ultrasonic-assisted methods are improving purity and yield. With the time, companies have started investing in traceability systems and AI-powered formulation platforms to meet clean-label and transparency demands. Further, the sustainably harvested rare botanicals and multifunctional extracts are becoming central to innovation strategies.