Global Herbal Extracts Market Research Report: by Form (Dry, Liquid), by Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others), and Region - Forecast to 2023

Global Herbal Extracts Market Research Report: by Form (Dry, Liquid), by Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others), and Region - Forecast to 2023


  • Products Id :- MRFR/F-B & N/1883-CRR
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  • Pages: 94
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Executive Summary

Herbal extracts are obtained by crushing, distilling, comminuting, and juicing various herbs. Each herb has its unique properties, which leads to its increasing usage in various medicines and skincare products. The benefits provided by herbal extracts depend upon the unique biochemical, biophysical, and energetic properties of the specific herb being extracted. While some herbs are extracted while still fresh and succulent (e.g., shepherd's purse, corn silk), some herbal extracts are obtained after the herb is dried (e.g., hops, Grindelia). Moreover, some herbs are best extracted when semi-dried (e.g., saw palmetto) or fermented (e.g., wild cherry, sweet clover). Some are overly active when fresh and must be dried and aged one year before use (e.g., buckthorn, cascara sagrada).

Increasing demand for herbal products in the healthcare sector to produce herbal medicine products is expected to drive the global herbal extract market. Additionally, herbal supplement products have gained huge acceptance among the consumers due to the increasing preference for naturally derived products. Natural skin-care products are an established trend in developed economies over the last few years and is expected to boost the growth of herbal extracts market.

Regional Analysis:

The global herbal extracts market has been segmented, by region, into North America, Europe, Asia-Pacific, and rest of the world. North America accounted for the major market share in 2018, due to the increasing use of herbal extracts in various skincare and personal care products by key manufacturers. In North America, the US accounted for 75% market proportion in 2018, and the trend is expected to continue throughout the forecast period of 2018-2023.

Asia-Pacific is anticipated to register the highest growth rate during the forecast period owing to the increasing use of herbal extracts in different industries, such as functional food & beverage, skincare, and pharmaceutical. Asia-Pacific is projected to expand at a growth rate of 8% during the forecast period, where China held the maximum market share of 35% in 2018.

The herbal extracts market in Europe is projected to register the second highest CAGR of 7.61% during the forecast period. The growth of the herbal extracts market is attributed to various factors. Consumers are increasingly opting for herbal medicines instead of traditional medicinal products. Product development and technological upgrades are expected to drive the market in this region throughout the forecast period. In 2018, Germany held the maximum market share of 23.6% in the Europe herbal extracts market.

Segments

The global herbal extracts market has been segmented, on the basis of form, into dry and liquid. In 2018, the dry segment accounted for the majority of the market share and was projected to reach USD 10,514.1 million by the end of 2023. The liquid segment is projected to register a CAGR of 7.13% during the review period.

On the basis of application, the global herbal extracts market has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and others. Food & beverages segment is further segmented into dietary supplements, functional food & beverages, and others. The pharmaceuticals segment held a major market share of 38.7% in 2018 and is projected to reach USD 5,387.8 million by the end of 2023. The cosmetics & personal care segment is expected to witness a growth rate of 7.84% during the forecast period.

Key Players:

The leading market players in the global herbal extracts market are Dohler GmbH (Germany), Martin Bauer GmbH & Co. KG (Germany), Vidya Herbs Private Limited (India), Kalsec Inc. (US), Organic Herb, Inc. (China), Synthite Industries Ltd. (India), Herbal Extraction Group., Inc (China), Mountain Rose Herbs (US), Starwest Botanicals, Inc. (US), and Jiaherb, Inc. (China).

Target Audience:

Herbal extracts producers

Food & Beverages industry

Raw material suppliers

Retailers and wholesalers

Pharmaceutical manufacturers

Traders, importers, and exporters

Key Findings:

Rising consumer preference towards the products with natural ingredients is one of the important factors, which is expected to drive the herbal extracts market at a global level.

High production cost of herbal extracts is one of the major factors that can pose a major challenge in the global herbal extracts market.

Global Herbal extracts Market Research Report-Forecast till 2023:

As per MRFR analysis, the global herbal extracts market is estimated to reach USD 13,967.5 million by the end of 2023 at a CAGR of 7.52% during the forecast period.

The report also offers a regional analysis:

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Italy

o Spain

o Rest of Europe

Asia-Pacific

o China

o India

o Japan

o Australia & New Zealand

o Rest of Asia-Pacific

Rest of the World

o South America

o Middle East

o Africa



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Table of Contents:

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions

2.4 Market Structure

2.5 Key Takeaways

2.6 Key Buying Criteria

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Mounting Growth of Herbal Medicine

4.2.2 Rising Demand for Functional Food & Beverages

4.2.3 Growing Demand of Skin Care Products with Natural Ingredients

4.3 Restraints

4.3.1 Stringent Government Regulations

4.3.2 High Production Cost

4.4 Opportunities

4.4.1 Innovation in Extraction Techniques

4.4.2 Shifting Consumer Inclination Towards Aromatherapy

4.4.3 Penetrating Developing Economies

4.4.4 Use of Social Media and Correct Marketing Strategies

4.5 Challenge

4.5.1 Limited Raw Material Supply & Rising Commodity Prices

4.5.2 Product Labelling

5 Market Factor Analysis

5.1 Value Chain Analysis

5.1.1 Raw Material Procurement

5.1.2 Processing

5.1.3 Packaging

5.2 Supply Chain Analysis

5.3 Porter's Five Forces Analysis

5.3.1 Threat of New Entrants

5.3.2 Threat of Substitutes

5.3.3 Bargaining Power of Buyers

5.3.4 Bargaining Power of Suppliers

5.3.5 Competitive Rivalry

6 Global Herbal Extracts Market, by Form

6.1 Overview

6.1.1 Dry

6.1.2 Liquid

7 Global Herbal Extracts Market, by Application

7.1 Overview

7.1.1 Food & Beverages

7.1.2 Pharmaceuticals

7.1.3 Cosmetics & Personal Care

7.1.4 Others

8 Global Herbal Extracts Market, by Region

8.1 Introduction

8.2 North America

8.2.1 U.S.

8.2.2 Canada

8.2.3 Mexico

8.3 Europe

8.3.1 U.K

8.3.2 Germany

8.3.3 France

8.3.4 Italy

8.3.5 Spain

8.3.6 Rest of Europe

8.4 Asia-Pacific

8.4.1 China

8.4.2 India

8.4.3 Japan

8.4.4 Australia & New Zealand

8.4.5 Rest of Asia Pacific

8.5 Rest of the World

8.5.1 South America

8.5.2 Middle East

8.5.3 Africa

9 Company Landscape

10 Company Profiles

10.1 Dohler GmbH

10.1.1 Company Overview

10.1.2 Financial Overview

10.1.3 Products Offered

10.1.4 Key Developments

10.1.5 SWOT Analysis

10.1.6 Key Strategy

10.2 Martin Bauer GmbH & Co. KG

10.2.1 Company Overview

10.2.2 Financial Overview

10.2.3 Products Offered

10.2.4 Key Developments

10.2.5 SWOT Analysis

10.2.6 Key Strategy

10.3 Vidya Herbs

10.3.1 Company Overview

10.3.2 Financial Overview

10.3.3 Products Offered

10.3.4 Key Developments

10.3.5 SWOT Analysis

10.3.6 Key Strategy

10.4 Kalsec Inc.

10.4.1 Company Overview

10.4.2 Financial Overview

10.4.3 Products Offered

10.4.4 Key Developments

10.4.5 SWOT Analysis

10.4.6 Key Strategy

10.5 Organic Herb Inc.

10.5.1 Company Overview

10.5.2 Financial Overview

10.5.3 Products Offered

10.5.4 Key Developments

10.5.5 Key Strategy

10.6 Synthite Industries Ltd.

10.6.1 Company Overview

10.6.2 Financial Overview

10.6.3 Products Offered

10.6.4 Key Development

10.6.5 Key Strategy

10.7 Herbal Extraction Group., Inc

10.7.1 Company Overview

10.7.2 Financial Overview

10.7.3 Products Offered

10.7.4 Key Developments

10.7.5 Key Strategy

10.8 Mountain Rose Herbs

10.8.1 Company Overview

10.8.2 Financial Overview

10.8.3 Products Offered

10.8.4 Key Developments

10.8.5 Key Strategy

10.9 Starwest Botanicals

10.9.1 Company Overview

10.9.2 Financial Overview

10.9.3 Products Offered

10.9.4 Key Developments

10.9.5 Key Strategy

10.1 Jiaherb, Inc.

10.10.1 Company Overview

10.10.2 Financial Overview

10.10.3 Products Offerings

10.10.4 Key Developments

10.10.5 Key Strategy

11 Conclusion

11.1 Key Findings

List of Figures:

FIGURE 1 GLOBAL HERBAL EXTRACTS MARKET SHARE (%), BY FORM (2017 & 2023)

FIGURE 2 GLOBAL HERBAL EXTRACTS MARKET SHARE (%), BY APPLICATION (2017 & 2023)

FIGURE 3 GLOBAL HERBAL EXTRACTS MARKET SHARE (%), BY REGION (2017 & 2023)

FIGURE 4 GLOBAL HERBAL EXTRACTS MARKET: MARKET STRUCTURE

FIGURE 5 KEY TAKEAWAYS OF THE HERBAL EXTRACTS MARKET

FIGURE 6 KEY BUYING CRITERIA OF HERBAL EXTRACTS

FIGURE 7 RESEARCH PROCESS OF MRFR

FIGURE 8 TOP DOWN & BOTTOM-UP APPROACH

FIGURE 9 MARKET DYNAMICS OF GLOBAL HERBAL EXTRACTS MARKET

FIGURE 10 VALUE CHAIN ANALYSIS: HERBAL EXTRACTS MARKET

FIGURE 11 SUPPLY CHAIN ANALYSIS: HERBAL EXTRACTS MARKET

FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL HERBAL EXTRACTS MARKET

FIGURE 13 GLOBAL HERBAL EXTRACTS MARKET, BY FORM 2017 & 2023 (USD MILLION)

FIGURE 14 GLOBAL HERBAL EXTRACTS MARKET, BY APPLICATION 2017 & 2023 (USD MILLION)

FIGURE 15 GLOBAL HERBAL EXTRACTS MARKET, BY REGION 2017 & 2023 (USD MILLION)

FIGURE 16 NORTH AMERICA HERBAL EXTRACTS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 17 EUROPE HERBAL EXTRACTS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 18 ASIA-PACIFIC HERBAL EXTRACTS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 19 REST OF THE WORLD HERBAL EXTRACTS MARKET, BY REGION 2017 & 2023 (USD MILLION)

FIGURE 20 GLOBAL HERBAL EXTRACTS MARKET: MAJOR PLAYER MARKET DEVELOPMENT SHARE 2013-2018

FIGURE 21 GLOBAL HERBAL EXTRACTS MARKET: STRATEGY ANALYSIS

FIGURE 22 GLOBAL HERBAL EXTRACTS MARKET: MARKET DEVELOPMENT (2013-2018)

List of Tables:

TABLE 1 GLOBAL HERBAL EXTRACTS MARKET, BY FORM, USD MILLION, (2016-2023)

TABLE 2 GLOBAL HERBAL EXTRACTS MARKET, BY APPLICATION USD MILLION, (2016-2023)

TABLE 3 GLOBAL HERBAL EXTRACTS MARKET, BY REGION USD MILLION, (2016-2023)

TABLE 4 LIST OF ASSUMPTIONS

TABLE 5 GLOBAL HERBAL EXTRACTS (DRY) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 6 GLOBAL HERBAL EXTRACTS (LIQUID) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 7 GLOBAL HERBAL EXTRACTS (FOOD & BEVERAGES) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 8 GLOBAL HERBAL EXTRACTS (DIETARY SUPPLEMENTS) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 9 GLOBAL HERBAL EXTRACTS (FUNCTIONAL FOOD & BEVERAGES) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 10 GLOBAL HERBAL EXTRACTS (OTHERS) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 11 GLOBAL HERBAL EXTRACTS (PHARMACEUTICALS) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 12 GLOBAL HERBAL EXTRACTS (COSMETICS & PERSONAL CARE) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 13 GLOBAL HERBAL EXTRACTS (OTHERS) MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 14 NORTH AMERICA: HERBAL EXTRACTS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)

TABLE 15 NORTH AMERICA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 16 NORTH AMERICA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 17 U.S.: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 18 U.S.: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 19 CANADA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 20 CANADA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 21 MEXICO: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 22 MEXICO: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 23 EUROPE: HERBAL EXTRACTS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)

TABLE 24 EUROPE: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 25 EUROPE: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 26 U.K: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 27 U.K: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 28 GERMANY: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 29 GERMANY: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 30 FRANCE: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 31 FRANCE: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 32 ITALY: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 33 ITALY: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 34 SPAIN: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 35 SPAIN: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 36 REST OF EUROPE: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 37 REST OF EUROPE: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 38 ASIA-PACIFIC: HERBAL EXTRACTS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)

TABLE 39 ASIA PACIFIC: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 40 ASIA PACIFIC: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 41 CHINA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 42 CHINA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 43 INDIA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 44 INDIA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 45 JAPAN: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 46 JAPAN: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 47 AUSTRALIA & NEW ZEALAND: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 48 AUSTRALIA & NEW ZEALAND: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 49 REST OF ASIA PACIFIC: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 50 REST OF ASIA PACIFIC: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 51 REST OF THE WORLD: HERBAL EXTRACTS MARKET, BY REGION, 2016-2023 (USD MILLION)

TABLE 52 REST OF THE WORLD: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 53 REST OF THE WORLD: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 54 SOUTH AMERICA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 55 SOUTH AMERICA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 56 MIDDLE EAST: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 57 MIDDLE EAST: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 58 AFRICA: HERBAL EXTRACTS MARKET, BY FORM, 2016-2023 (USD MILLION)

TABLE 59 AFRICA: HERBAL EXTRACTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 60 COMPETITIVE LANDSCAPING: GLOBAL HERBAL EXTRACTS MARKET: BY STRATEGY (2013-2018)

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Dohler GmbH (Germany), Martin Bauer GmbH & Co. KG (Germany), Vidya Herbs Private Limited (India), Kalsec Inc. (US), Organic Herb, Inc. (China), Synthite Industries Ltd. (India), Herbal Extraction Group., Inc (China), Mountain Rose Herbs (US), Starwest Botanicals, Inc. (US), and Jiaherb, Inc. (China)

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