Natural Extracts Market

Natural Extracts Market Size Worth US$ 28.95 billion by 2030

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The global Natural Extracts market size is expected to be worth around US$ 28.95 billion by 2030, according to a new report by Vision Research Reports.

The global Natural Extracts market size was valued at US$ 11.57 billion in 2020 and is anticipated to grow at a CAGR of 12.9% during forecast period 2021 to 2030.

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Growth Factors

 The increasing consumer awareness regarding the benefits of natural products, coupled with the changing lifestyles and the growing consumer disposal income, is fueling the market growth.

The COVID-19 spread across geographies impacted the market by causing supply chain disruptions and industrial shutdowns in 2020. However, it created a significant demand for nutraceutical and pharmaceutical supplements and functional food and beverage products that supported the market growth.

The pharmaceuticals and nutraceuticals application segments are likely to offer prominent opportunities as the demand for naturally healthy and nutritional supplements is increasing. Immunity-boosting supplements are expected to favor the market growth, especially post the COVID-19 impact. Essential oils are expected to witness considerable growth in the forecast period owing to their demand in the flavors and fragrances application. Global adoption of aromatherapy as a stress-releasing and relaxing activity is likely to boost product sales in the near future. Europe accounted for the largest revenue share in 2020.

Report Highlights

 The dried crops segment dominated the market with a revenue share of almost 50.0% in 2020 and is expected to dominate the market over the forecast period. The growing demand for dried crops in the end-use industries, such as food and beverage, is expected to fuel up the demand for dried crops over the forecast period.

Ginger oil is an essential oil extracted from ginger rhizome at high concentrations after distillation. It has a distinct aroma described as warm and spicy and is often used in aromatherapy. Ginger oil finds wide applications in hair care and skin care products.

The food and beverage application segment dominated the market with a revenue share of about 66.0% in 2020 and is anticipated to maintain its lead over the forecast period. The increasing demand for natural, safe, and minimally processed food products across the globe has emerged as the major factor expanding the application scope of natural extracts in the food and beverage industry.

The European region dominated the market and accounted for over 40.0% share of the global revenue in 2020.In European countries, the use of essential oils in cosmetics as fragrances offers numerous opportunities to the manufacturers of such essential oils. As per the CBI (Centre for the promotion of imports from developing countries), essential oil products account for more than 50% of the global demand currently in this region, which is mainly driven by the natural and personal care and food and beverages industries.

Key Players

  • Symrise
  • Kancor
  • Synthite Industries Ltd.
  • Ransom Naturals Ltd.
  • India Essential Oils
  • A.G. Industries
  • Flavex Naturextrakte GmbH
  • Arjuna Natural Pvt. Ltd.
  • Firmenich SA
  • Robertet Group
  • Sami Spices
  • dōTERRA
Report Coverage Details
Market Size US$ 28.95 billion by 2030
Growth Rate CAGR of 12.9% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Symrise; PT. Indesso Aroma; Kancor; Synthite Industries Ltd.; VedaOils.com; Vidya Herbs; Plant Lipids; Ransom Naturals Ltd.; India Essential Oils; A.G. Industries; Flavex Naturextrakte GmbH; Arjuna Natural Pvt. Ltd.; Firmenich SA; Robertet Group; Sami Spices; Falcon; Blue Sky Botanics; dōTERRA; Naturex; OmniActive Health Technologies

Market Segmentation

  • Product
    • Essential Oils
      • Turmeric Oil
      • Ginger Oil
      • Peppermint Oil
      • Davana Oil
      • Cedarwood
      • Cornmint
      • Eucalyptus
      • Lemon
      • Lime
      • Orange
      • Vetiver
      • Tea Tree
      • Patchouli Oil
    • Oleoresins
      • Paprika
      • Black Pepper
      • Capsicum
      • Turmeric
      • Ginger
      • Garlic
      • Onion
      • Others
    • Herbal Extracts
      • Capsaicin
      • 95% Curcumin
      • Ashwagandha
      • Kale
    • Natural Colors
      • Paprika
      • Natural Yellow Color
      • Annatto Color
      • Anthocyanin Color
    • Dried Crops
      • Dried Chili Whole
      • Dried Ginger Whole
      • Dried Turmeric Whole
  • Application
    • Personal Care & Cosmetics
    • Food & Beverage
    • Animal Feed
    • Pharmaceuticals
    • Nutraceuticals
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
    • Asia Pacific
      • India
      • China
      • Japan
      • Malaysia
      • Vietnam
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Natural Extracts Market, By Product

7.1.  Natural Extracts Market, by Product, 2021-2030

7.1.1.    Essential Oils

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Oleoresins

7.1.2.1.        Market Revenue and Forecast (2016-2030)

7.1.3.    Herbal Extracts

7.1.3.1.        Market Revenue and Forecast (2016-2030)

7.1.4.    Natural Colors

7.1.4.1.        Market Revenue and Forecast (2016-2030)

7.1.5.    Dried Crops

7.1.5.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Natural Extracts Market, By Application

8.1.  Natural Extracts Market, by Application, 2021-2030

8.1.1.    Personal Care & Cosmetics

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Food & Beverage

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Animal Feed

8.1.3.1.        Market Revenue and Forecast (2016-2030)

8.1.4.    Pharmaceuticals

8.1.4.1.        Market Revenue and Forecast (2016-2030)

8.1.5.    Nutraceuticals

8.1.5.1.        Market Revenue and Forecast (2016-2030)

8.1.6.    Others

8.1.6.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global Natural Extracts Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2016-2030)

9.1.2.    Market Revenue and Forecast, by Application (2016-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2016-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2016-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2016-2030)

9.2.2.    Market Revenue and Forecast, by Application (2016-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2016-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2016-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2016-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2016-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2016-2030)

9.3.2.    Market Revenue and Forecast, by Application (2016-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2016-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2016-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2016-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2016-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2016-2030)

9.4.2.    Market Revenue and Forecast, by Application (2016-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2016-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2016-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2016-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2016-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2016-2030)

9.5.2.    Market Revenue and Forecast, by Application (2016-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2016-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2016-2030)

Chapter 10.  Company Profiles

10.1.              Symrise

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Kancor

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Synthite Industries Ltd.

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Ransom Naturals Ltd.

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              India Essential Oils

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              A.G. Industries

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Flavex Naturextrakte GmbH

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Arjuna Natural Pvt. Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Firmenich SA

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Robertet Group

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

10.11.           dōTERRA

10.11.1.               Company Overview

10.11.2.               Product Offerings

10.11.3.               Financial Performance

10.11.4.               Recent Initiatives

10.12.           Sami Spices

10.12.1.               Company Overview

10.12.2.               Product Offerings

10.12.3.               Financial Performance

10.12.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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