| Product Code: ETC349889 | 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 thyme extract import market saw a shift in concentration levels from moderate to low in 2024, indicating increased competition among top exporting countries. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 7.87% over the period of 2020-2024 reflects a steady expansion of the market. Key exporting countries such as Singapore, China, Germany, Japan, and the USA continue to play a significant role in supplying thyme extract to the Philippines, contributing to the market`s resilience and diversity.


The Philippines thyme extract market size was valued at US$2 million in 2025 and is projected to grow at a CAGR of 6. 1% over the forecast period. The growing preference towards natural ingredients and essential oils is encouraging manufacturers to explore other herbs apart from those used traditionally due to their therapeutic properties, which will drive the growth of this herb-based ingredient segment during the forecast period. Increasing application scope within cosmetics industry as an active component has also provided impetus for this market?s development in recent years.
The Philippines thyme extract market could be driven by the rising interest in natural and herbal remedies, the growing consumer preference for clean-label products, and the potential health benefits associated with thyme extract. Thyme extract is known for its antioxidant and antimicrobial properties, which could contribute to its demand in the personal care and wellness sectors.
The thyme extract market faces hurdles concerning sourcing and quality control. Maintaining a consistent supply of high-quality raw materials for extraction can be challenging, affecting product availability and pricing. Stringent quality control measures are essential to ensure that the extracts meet desired standards and deliver expected benefits.
Thyme extract, known for its potential health benefits, also experienced shifts in demand. Consumers` growing interest in natural remedies and immune-boosting products boosted the market. However, disruptions in the supply chain, including sourcing of raw materials and transportation, had adverse effects.
The Philippines thyme extract market is expected to experience modest growth due to the rising consumer interest in natural and herbal products. Thyme extract is valued for its potential health benefits and culinary uses. It is often incorporated into dietary supplements, cosmetics, and flavoring agents. As demand for natural ingredients rises, key players in this market might include botanical extract manufacturers such as Naturex (now part of Givaudan) and Kalsec Inc.
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 Thyme Extract Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Thyme Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Thyme Extract Market - Industry Life Cycle |
3.4 Philippines Thyme Extract Market - Porter's Five Forces |
3.5 Philippines Thyme Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Philippines Thyme Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Thyme Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness regarding the health benefits of thyme extract |
4.2.2 Growing demand for natural and organic ingredients in the Philippines |
4.2.3 Rising adoption of herbal remedies and traditional medicine practices |
4.3 Market Restraints |
4.3.1 Seasonal availability and fluctuations in thyme extract supply |
4.3.2 Regulatory challenges and quality control issues in the production process |
5 Philippines Thyme Extract Market Trends |
6 Philippines Thyme Extract Market, By Types |
6.1 Philippines Thyme Extract Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Philippines Thyme Extract Market Revenues & Volume, By Nature, 2021-2031F |
6.1.3 Philippines Thyme Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.1.4 Philippines Thyme Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.2 Philippines Thyme Extract Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Thyme Extract Market Revenues & Volume, By Cosmetics And Personal Care, 2021-2031F |
6.2.3 Philippines Thyme Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Philippines Thyme Extract Market Revenues & Volume, By Food And Beverages, 2021-2031F |
7 Philippines Thyme Extract Market Import-Export Trade Statistics |
7.1 Philippines Thyme Extract Market Export to Major Countries |
7.2 Philippines Thyme Extract Market Imports from Major Countries |
8 Philippines Thyme Extract Market Key Performance Indicators |
8.1 Percentage increase in the number of health and wellness publications featuring thyme extract |
8.2 Number of new product launches containing thyme extract |
8.3 Growth in the number of herbal supplement manufacturers using thyme extract as an ingredient |
9 Philippines Thyme Extract Market - Opportunity Assessment |
9.1 Philippines Thyme Extract Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Philippines Thyme Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Thyme Extract Market - Competitive Landscape |
10.1 Philippines Thyme Extract Market Revenue Share, By Companies, 2024 |
10.2 Philippines Thyme Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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