| Product Code: ETC315629 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant shift in its botanical ingredients import landscape in 2024, with top exporting countries like New Zealand, Turkey, India, China, and Sri Lanka dominating the market. Despite a high concentration level in 2023, the Herfindahl-Hirschman Index (HHI) remained elevated in 2024, indicating a competitive market environment. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 7.65%, although there was a notable decline in the growth rate from 2023 to 2024 at -23.92%. This suggests a dynamic and evolving market for botanical ingredients in the Philippines.

The Botanical Ingredients market in Philippines is projected to grow at a high growth rate of 14.97% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

The Philippines blue tansy essential oil market has recorded a CAGR of 9% as consumers` interest in aromatherapy and natural remedies has surged. Blue tansy essential oil is known for its therapeutic properties, including anti-inflammatory and calming effects. The growing preference for natural and holistic wellness solutions has boosted the demand for essential oils, including blue tansy. With a rise in wellness practices and holistic health awareness, the market for blue tansy essential oil is anticipated to maintain its CAGR.
The Philippines` botanical ingredients market is driven by the growing demand for natural and herbal-based products in various industries, including pharmaceuticals, cosmetics, and food and beverages. Consumers are increasingly seeking products derived from botanical sources due to their perceived health benefits. The market growth is supported by the rich biodiversity of the Philippines and the cultural significance of traditional herbal remedies.
The Philippines Botanical Ingredients Market faces complex challenges linked to diverse industries such as cosmetics, pharmaceuticals, and food. Sustainability concerns surrounding wild harvesting or overexploitation of botanical resources require responsible sourcing practices. Quality control and standardization of botanical extracts can be challenging due to natural variations in plants. Market expansion also relies on complying with stringent regulations in different sectors, necessitating investments in research and compliance infrastructure.
The Philippines botanical ingredients market has experienced challenges during the pandemic due to disruptions in the supply chain and reduced demand from the cosmetics and healthcare industries. However, as consumer interest in natural and herbal products increases, the demand for botanical ingredients is expected to pick up. The market is projected to recover as consumer preferences shift towards natural products.
Key Players in the market include Ransom Naturals Ltd., Green Source Organics, Inc., Martin Bauer Group, Naturex S.A., and Frutarom Industries Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Botanical Ingredients Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Botanical Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Botanical Ingredients Market - Industry Life Cycle |
3.4 Philippines Botanical Ingredients Market - Porter's Five Forces |
3.5 Philippines Botanical Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Philippines Botanical Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Philippines Botanical Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Botanical Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of natural and botanical ingredients in personal care and healthcare products. |
4.2.2 Growing demand for organic and sustainable products in the cosmetics and food industries. |
4.2.3 Rising trend of using traditional herbal remedies in the Philippines. |
4.3 Market Restraints |
4.3.1 Limited availability of certain botanical ingredients due to climate conditions and geographical factors. |
4.3.2 Lack of standardized regulations and quality control measures for botanical products. |
4.3.3 Competition from synthetic ingredients and substitutes in the market. |
5 Philippines Botanical Ingredients Market Trends |
6 Philippines Botanical Ingredients Market, By Types |
6.1 Philippines Botanical Ingredients Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Philippines Botanical Ingredients Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 Philippines Botanical Ingredients Market Revenues & Volume, By Powder, 2021-2031F |
6.1.4 Philippines Botanical Ingredients Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Philippines Botanical Ingredients Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Philippines Botanical Ingredients Market Revenues & Volume, By Herbs, 2021-2031F |
6.2.3 Philippines Botanical Ingredients Market Revenues & Volume, By Leaves, 2021-2031F |
6.2.4 Philippines Botanical Ingredients Market Revenues & Volume, By Spices, 2021-2031F |
6.2.5 Philippines Botanical Ingredients Market Revenues & Volume, By Flowers, 2021-2031F |
6.2.6 Philippines Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Botanical Ingredients Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Botanical Ingredients Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Philippines Botanical Ingredients Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.4 Philippines Botanical Ingredients Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.5 Philippines Botanical Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Philippines Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Botanical Ingredients Market Import-Export Trade Statistics |
7.1 Philippines Botanical Ingredients Market Export to Major Countries |
7.2 Philippines Botanical Ingredients Market Imports from Major Countries |
8 Philippines Botanical Ingredients Market Key Performance Indicators |
8.1 Number of new product launches incorporating botanical ingredients. |
8.2 Percentage increase in the adoption of natural and botanical products by consumers. |
8.3 Growth in the number of partnerships between local farmers and manufacturers for sourcing botanical ingredients. |
9 Philippines Botanical Ingredients Market - Opportunity Assessment |
9.1 Philippines Botanical Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Philippines Botanical Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Philippines Botanical Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Botanical Ingredients Market - Competitive Landscape |
10.1 Philippines Botanical Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Philippines Botanical Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |