Middle East & Africa Herbal Extract Market Size & Outlook
Related Markets
MEA herbal extract market highlights
- The MEA herbal extract market generated a revenue of USD 1,644.4 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, cherry was the largest revenue generating product in 2023.
- Curcumin is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,644.4 million |
| Market revenue in 2030 | USD 2,237.3 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Cherry |
| Fastest growing segment | Curcumin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turmeric, Rosemary, Ginseng, Aloe, Nutmeg, Sage, Garlic, Cranberry, Saw Palmetto, Cumin, Lecithin, Valerian, Cherry, Pygeum Africanum, Beet Root, Olive Leaf, Holy Basil, Elder Berry, Horehound, Lycium, Ginger, Orange, Cinnamon, Green Tea, Flax, Curcumin, Fenugreek Seed, Capsaicin, Anise, Ashwagandha, Kale |
| Key market players worldwide | Botanic Healthcare, Vidya Herbs, AllicinMedic, Herbal Hills, Bio Herbs, Pioneer Enterprises, Sydler, Herbal Creations, Alpspure Lifesciences, Idobio Co., DohlerGroup, Martin Bauer Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.5% of the global herbal extract market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 24,891.4 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Herbal Extract Market Scope
Herbal Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Idobio Co. | View profile | 11-50 | Xian Shi, Shaanxi, China, Asia | http://www.idobio.com |
| Herbal Creations | View profile | 51-100 | Naini Tal, Uttarakhand, India, Asia | https://herbal-creations.com |
| Pioneer Enterprises | View profile | 51-100 | Pune, Maharashtra, India, Asia | https://www.pioneerentp.net |
| Bio Herbs | View profile | 51-100 | Chía, Cundinamarca, Colombia, South America | https://www.bioherbs.co |
| AllicinMedic | View profile | 1-10 | Apeldoorn, Gelderland, The Netherlands, Europe | https://www.allicinmedic.nl/ |
| Vidya Herbs | View profile | 251-500 | Bengaluru, Karnataka, India, Asia | https://www.vidyaherbs.com |
| Alpspure Lifesciences | View profile | 11-50 | New Delhi, Delhi, India, Asia | https://www.alpspure.in |
| Botanic Healthcare | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | https://www.botanichealthcare.net |
| Sydler | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | http://www.sydlerindia.com |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | https://www.doehler.com/ |
| Herbal Hills | View profile | 1-10 | Kandivli, Maharashtra, India, Asia | https://www.herbalhillswellness.com/ |
| Martin Bauer Group | View profile | 1001-5000 | Vestenbergsgreuth, Bayern, Germany, Europe | https://www.martin-bauer-group.com/ |
Middle East & Africa herbal extract 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 herbal extract market will help companies and investors design strategic landscapes.
Cherry was the largest segment with a revenue share of 10.9% in 2021. Horizon Databook has segmented the Middle East & Africa herbal extract market based on turmeric, rosemary, ginseng, aloe, nutmeg, sage, garlic, cranberry, saw palmetto, cumin, lecithin, valerian, cherry, pygeum africanum, beet root, olive leaf, holy basil, elder berry, horehound, lycium, ginger, orange, cinnamon, green tea, flax, curcumin, fenugreek seed, capsaicin, anise, ashwagandha, kale covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa herbal extract market has been observing remarkable growth since the past few years owing to increasing local demand for these oils. The demand for consumer goods is directly related to growing population and rising standards of living.
Natural remedies are still regarded as the customer’s choice in this region as they have been long used in the Arab world for treating health issues.
The region is characterized by unfavorable climatic conditions and lacks production capability, which increases its reliance on imports. Therefore, the region projects significant opportunities for the herbal extract producing countries.
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Our clientele includes a mix of herbal extract market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa herbal extract market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa herbal extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA herbal extract market size, by country, 2018-2030 (US$M)
Middle East & Africa Herbal Extract Market Outlook Share, 2021 & 2030 (US$M)
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