How Big Is the Herbal Extract Market | Insights & Forecast 2031

Q: What is the current size of the herbal extract market?

The herbal extract market was valued at USD 3.9 billion in 2024 and is projected to reach USD 5.9 billion by 2031.

Q: What is the growth rate of the herbal extract market?

The market is expected to grow at a CAGR of 7.20% between 2025 and 2031.

Q: What factors are fueling demand for herbal extracts?

Rising health awareness, demand for clean-label products, and growth in traditional medicine use are major contributors.

Q: Which industries use herbal extracts?

Key sectors include nutraceuticals, cosmetics, food & beverages, pharmaceuticals, and personal care.

Q: What are the challenges in the herbal extract market?

Challenges include regulatory complexities, supply chain inconsistencies, and adulteration risks.

Q: How does 6W market outlook report help businesses in making decisions?

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.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6148

Publication Date: Jul 2025

How big is the Herbal Extract Market?

According to 6Wresearch internal database and industry insights, the Global Herbal Extract Market was valued at USD 3.9 Billion in 2024 and is expected to reach USD 5.9 Billion by 2031, growing at a compound annual growth rate of 7.20% during the forecast period (2025-2031).

This growth is driven by rising demand for natural health supplements, increased awareness of herbal remedies, and a shift toward plant-based and clean-label ingredients in food, cosmetics, and pharmaceuticals.

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Key Growth Drivers of the Herbal Extract Market

Rising preference for natural and organic products
Increasing demand for herbal dietary supplements
Expanding use of herbal extracts in skincare and personal care products
Growth of traditional medicine in emerging economies
Rising consumer health awareness and preventive healthcare trends

Herbal Extract Market Trends

The herbal extract market is seeing a surge in demand for adaptogens like ashwagandha and ginseng. Clean-label and organic certifications are becoming key purchase drivers. There’s also growing interest in Ayurvedic, Traditional Chinese Medicine (TCM), and indigenous herbal solutions. Functional beverages with herbal infusions are gaining traction among urban consumers. E-commerce platforms are playing a vital role in the global reach of herbal extract products.

Emerging Developments in the Herbal Extract Market

Superior extraction methods such as ultrasound-assisted and the supercritical CO 2 extraction are bringing quality products. There is an increase in investments on R&D to confirm therapeutic advantages on herbal compounds. Companies are being innovative in formats of deliveries like gummies, patches, and also effervescent tables. Increase in global export of herbal extracts is facilitated by regulatory support in countries such as India and China.