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Herbal Extract Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71747
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The herbal extract market share is expected to increase by USD 23.40 billion from 2021 to 2026, at a CAGR of 12.18%.

This herbal extract market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers herbal extract market segmentation by application (pharmaceuticals, personal care, and others) and geography (APAC, North America, Europe, MEA, and South America). The herbal extract market report also offers information on several market vendors, including Arjuna Natural Pvt Ltd., Dohler GmbH, Herbochem, Kalsec Inc., Mountain Rose Herbs, Organic Herb Inc., SA Herbal Bioactives LLP, Sabinsa Corp., Synthite Industries Pvt. Ltd., and Vidya Herbs Pvt. Ltd. among others.

What will the Herbal Extract Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Herbal Extract Market Size for the Forecast Period and Other Important Statistics

 

Herbal Extract Market: Key Drivers and Challenges

The growing demand for food and beverages with herbal ingredients is notably driving the herbal extract market growth, although factors such as providing high-quality herbal products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the herbal extract industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Herbal Extract Market Driver

With the increase in the demand for food and beverages that are gluten-free, free from artificial flavors and colors and free from preservatives, key players in the market are focusing on R&D investments in launching herbal extracts that will cater to the needs of consumers. Additionally, increased consumer awareness about the adverse side effects of synthetic chemicals used in food and beverages has led to a rise in demand for natural ingredients such as herbal extracts. Moreover, several regulations have been imposed by global health organizations and food safety associations to prohibit the use of artificial flavorings in food and beverages and promote the use of naturally extracted counterparts such as herbal extracts. Such regulations that promote the use of herbal ingredients and ban synthetic ingredients from food and beverage products will drive the growth of the herbal extract market. Thus, the demand for herbal extracts-based food and beverages is expected to increase during the forecast period owing to the rising health consciousness among consumers and concerns over the adverse side effects of synthetic flavorings used in food and beverages. This will boost the growth of the herbal extract market during the forecast period. 

Key Herbal Extract Market Challenge

Vendors in the herbal extract market face the challenge of adhering to the stringent quality standards that are applicable for manufacturing herbal extract products. Herbal products and extracts are prepared from raw materials of herbal origin, which are obtained from various geographical and commercial sources. As a result, it is not possible to ascertain the conditions to which they may have been subjected. Furthermore, the procedures and techniques used in the manufacture and quality control of herbal products often differ from those used for conventional pharmaceutical products, consumer products, and food and beverages. Owing to the complexities involved in the cultivation of naturally grown herbal plants, there are chances for contamination of the herbal extracts with toxic materials. Production and processing activities related to the raw materials used to manufacture herbal extracts have a direct influence on the quality of the herbal extracts. For this reason, manufacturers of herbal extract products have to follow the guidelines for good manufacturing practices (GMP). Following these stringent regulations and guidelines provided by global food safety associations is a challenge for vendors in the global herbal extract market and can have a negative impact on the growth of the global herbal extract market during the forecast period. 

This herbal extract market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Herbal Extract Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arjuna Natural Pvt Ltd.
  • Dohler GmbH
  • Herbochem
  • Kalsec Inc.
  • Mountain Rose Herbs
  • Organic Herb Inc.
  • SA Herbal Bioactives LLP
  • Sabinsa Corp.
  • Synthite Industries Pvt. Ltd.
  • Vidya Herbs Pvt. Ltd.

 

This statistical study of the herbal extract market encompasses successful business strategies deployed by the key vendors. The herbal extract market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The herbal extract market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Herbal Extract Market?

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31% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for herbal extract in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions.

The rising consumer awareness of the side effects of allopathic medicines and growing awareness about the medicinal benefits as well as the therapeutic effect of herbal products will facilitate the herbal extract market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Herbal Extract Market?

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The herbal extract market share growth by the pharmaceuticals segment will be significant during the forecast period. Herbal extracts are used in pharmaceutical applications in the form of phytomedicines and supplements. The governments of countries such as India and the US have taken initiatives to promote the use of herbal extract-based pharmaceutical products and increase consumer awareness about the safety and effectiveness of herbal supplements.

This report provides an accurate prediction of the contribution of all the segments to the growth of the herbal extract market size and actionable market insights on post COVID-19 impact on each segment.

 

Herbal Extract Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 12.18%

Market growth 2022-2026

$ 23.40 billion

Market structure

Fragmented

YoY growth (%)

15.53

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 31%

Key consumer countries

China, US, India, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arjuna Natural Pvt Ltd., Dohler GmbH, Herbochem, Kalsec Inc., Mountain Rose Herbs, Organic Herb Inc., SA Herbal Bioactives LLP, Sabinsa Corp., Synthite Industries Pvt. Ltd., and Vidya Herbs Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Herbal Extract Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive herbal extract market growth during the next five years
  • Precise estimation of the herbal extract market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the herbal extract industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of herbal extract market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Pharmaceuticals - Market size and forecast 2021-2026
  • Personal care - Market size and forecast 2021-2026
  • Others - Market size and forecast 2021-2026
  • Market opportunity by Application

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2021-2026
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Arjuna Natural Pvt Ltd.
  • Dohler GmbH
  • Herbochem
  • Kalsec Inc.
  • Mountain Rose Herbs
  • Organic Herb Inc.
  • SA Herbal Bioactives LLP
  • Sabinsa Corp.
  • Synthite Industries Pvt. Ltd.
  • Vidya Herbs Pvt. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The herbal extract market growth will increase by $23.40 billion during 2021-2026.
The herbal extract market is expected to grow at a CAGR of 12.18% during 2021-2026.
Technavio has segmented the herbal extract market by application (Pharmaceuticals, Personal care, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
Arjuna Natural Pvt Ltd., Dohler GmbH, Herbochem, Kalsec Inc., Mountain Rose Herbs, Organic Herb Inc., SA Herbal Bioactives LLP, Sabinsa Corp., Synthite Industries Pvt. Ltd., Vidya Herbs Pvt. Ltd. are a few of the key vendors in the herbal extract market.
APAC will register the highest growth rate of 30.81% among the other regions. Therefore, the herbal extract market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • Germany
  • Canada
The key factors driving the herbal extract market growth are:
  • Growing demand for food and beverages with herbal ingredients
The herbal extract market vendors should focus on grabbing business opportunities from the pharmaceuticals segment as it accounted for the largest market share in the base year.
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