Global Botanical Ingredients Market Size & Outlook

The botanical ingredients industry worldwide is expected to reach a projected revenue of US$ 281,415.4 million by 2030. A compound annual growth rate of 7% is expected of the worldwide botanical ingredients industry from 2024 to 2030.
Revenue, 2023 (US$M)
$175,444.7
Forecast, 2030 (US$M)
$281,415.4
CAGR, 2024 - 2030
7%
Report Coverage
Worldwide

Global botanical ingredients market highlights

  • The global botanical ingredients market generated a revenue of USD 175,444.7 million in 2023 and is expected to reach USD 281,415.4 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
  • In terms of segment, powder accounted for a revenue of USD 105,698.4 million in 2023.
  • Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 175,444.7 million
Market revenue in 2030USD 281,415.4 million
Growth rate7% (CAGR from 2023 to 2030)
Largest segmentPowder
Fastest growing segmentLiquid
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPowder, Liquid

Other key industry trends

  • In terms of revenue, the North America accounted for 34.5% of the global botanical ingredients market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 61,070.1 million by 2030.

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Botanical Ingredients Market Scope

Botanical ingredients market segmentation & scope
Powder
Liquid
Herbs
Leaves
Spices
Flowers
Others
Bakery & Confectionery
Sauces & Dressings
Others
Energy Drinks
Sports Drinks
Functional Juices
Others
Dietary Supplements
Personal Care & Cosmetics
Pharmaceuticals
Others

Botanical Ingredients Market Companies

Name Profile # Employees HQ Website

Global botanical ingredients market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanical ingredients market will help companies and investors design strategic landscapes.


Powder was the largest segment with a revenue share of 60.25% in 2023. Horizon Databook has segmented the Global botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Botanical Ingredients Form Outlook (Revenue, USD Million, 2018-2030)
    • Powder
    • Liquid
  • Global Botanical Ingredients Source Outlook (Revenue, USD Million, 2018-2030)
    • Herbs
    • Leaves
    • Spices
    • Flowers
    • Others
  • Global Botanical Ingredients Application Outlook (Revenue, USD Million, 2018-2030)
    • Food & Beverages
      • Food
        • Bakery & Confectionery
        • Sauces & Dressings
        • Others
      • Beverages
        • Energy Drinks
        • Sports Drinks
        • Functional Juices
        • Others
    • Dietary Supplements
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Others

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Target buyers of Global botanical ingredients market databook

  • Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global botanical ingredients market , including forecasts for subscribers. This global databook contains high-level insights into Global botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global botanical ingredients market size, by regions, 2018-2030 (US$M)

Top 10 countries: Botanical ingredients market size, 2023 (US$M)

Global botanical ingredients market share, by form, 2023 & 2030 (%, US$M)

Botanical ingredients market: Opportunity assessment by country

Global botanical ingredients market, by region, 2023 (US$M)

Global botanical ingredients market size, by regions, 2018-2030 (US$M)

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