Product Code: IRTNTR72460
The botanicals market is forecasted to grow by USD 7852.7 mn during 2023-2028, accelerating at a CAGR of 15.22% during the forecast period. The report on the botanicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for food and beverages with botanical ingredients, consumer awareness about side effects of synthetic ingredients, and immunity boosting properties of herbal medicines.
Technavio's botanicals market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 11.97% |
CAGR | 15.22% |
Incremental Value | $7852.7mn |
By Source
- Herbs
- Spices
- Flowers
- Others
By Geographical Landscape
- Europe
- North America
- Asia
- Rest of World (ROW)
This study identifies the growing demand for organic herbal cosmetics as one of the prime reasons driving the botanicals market growth during the next few years. Also, increasing use of herbs and spices in north america and rise in online retailing of botanicals will lead to sizable demand in the market.
The report on the botanicals market covers the following areas:
- Botanicals market sizing
- Botanicals market forecast
- Botanicals market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading botanicals market vendors that include AmbePhytoextracts Pvt. Ltd., Bell Flavors and Fragrances GmbH, Berje Inc., BI Nutraceuticals, Blue Sky Botanics Ltd., Dohler GmbH, Indesso, International Flavors and Fragrances Inc., Kalsec Inc., Kuber Impex Ltd., Lipoid Kosmetic AG, Nutra Green Biotechnology Co. Ltd., Prakruti Products Pvt. Ltd., Prinova Group LLC, Ransom Naturals Ltd., Rutland Biodynamics Ltd., Synergy Flavors Inc., Synthite Industries Pvt. Ltd., The Herbarie at Stoney Hill Farm Inc., and Umalaxmi Organics Pvt. Ltd.. Also, the botanicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Botanicals Market 2018 - 2022
- Historic Market Size - Data Table on Global Botanicals Market 2018 - 2022 ($ million)
- 4.2 Source segment analysis 2018 - 2022
- Historic Market Size - Source Segment 2018 - 2022 ($ million)
- 4.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.4 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Source
- 6.1 Market segments
- Chart on Source - Market share 2023-2028 (%)
- Data Table on Source - Market share 2023-2028 (%)
- 6.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
- 6.3 Herbs - Market size and forecast 2023-2028
- Chart on Herbs - Market size and forecast 2023-2028 ($ million)
- Data Table on Herbs - Market size and forecast 2023-2028 ($ million)
- Chart on Herbs - Year-over-year growth 2023-2028 (%)
- Data Table on Herbs - Year-over-year growth 2023-2028 (%)
- 6.4 Spices - Market size and forecast 2023-2028
- Chart on Spices - Market size and forecast 2023-2028 ($ million)
- Data Table on Spices - Market size and forecast 2023-2028 ($ million)
- Chart on Spices - Year-over-year growth 2023-2028 (%)
- Data Table on Spices - Year-over-year growth 2023-2028 (%)
- 6.5 Flowers - Market size and forecast 2023-2028
- Chart on Flowers - Market size and forecast 2023-2028 ($ million)
- Data Table on Flowers - Market size and forecast 2023-2028 ($ million)
- Chart on Flowers - Year-over-year growth 2023-2028 (%)
- Data Table on Flowers - Year-over-year growth 2023-2028 (%)
- 6.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.7 Market opportunity by Source
- Market opportunity by Source ($ million)
- Data Table on Market opportunity by Source ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 8.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 8.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 8.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 8.5 Asia - Market size and forecast 2023-2028
- Chart on Asia - Market size and forecast 2023-2028 ($ million)
- Data Table on Asia - Market size and forecast 2023-2028 ($ million)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
- 8.6 Rest of World (ROW) - Market size and forecast 2023-2028
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- 8.7 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 8.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 8.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 8.10 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 8.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 8.12 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 9.4 Market opportunities/restraints
10 Competitive Landscape
- 10.1 Overview
- 10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 10.3 Landscape disruption
- Overview on factors of disruption
- 10.4 Industry risks
- Impact of key risks on business
11 Competitive Analysis
- 11.1 Companies profiled
- 11.2 Market positioning of companies
- Matrix on companies position and classification
- 11.3 BI Nutraceuticals
- BI Nutraceuticals - Overview
- BI Nutraceuticals - Product / Service
- BI Nutraceuticals - Key offerings
- 11.4 Blue Sky Botanics Ltd.
- Blue Sky Botanics Ltd. - Overview
- Blue Sky Botanics Ltd. - Product / Service
- Blue Sky Botanics Ltd. - Key offerings
- 11.5 Dohler GmbH
- Dohler GmbH - Overview
- Dohler GmbH - Product / Service
- Dohler GmbH - Key offerings
- 11.6 Indesso
- Indesso - Overview
- Indesso - Product / Service
- Indesso - Key offerings
- 11.7 International Flavors and Fragrances Inc.
- International Flavors and Fragrances Inc. - Overview
- International Flavors and Fragrances Inc. - Business segments
- International Flavors and Fragrances Inc. - Key news
- International Flavors and Fragrances Inc. - Key offerings
- International Flavors and Fragrances Inc. - Segment focus
- 11.8 Kalsec Inc.
- Kalsec Inc. - Overview
- Kalsec Inc. - Product / Service
- Kalsec Inc. - Key offerings
- 11.9 Prinova Group LLC
- Prinova Group LLC - Overview
- Prinova Group LLC - Product / Service
- Prinova Group LLC - Key offerings
- 11.10 Ransom Naturals Ltd.
- Ransom Naturals Ltd. - Overview
- Ransom Naturals Ltd. - Product / Service
- Ransom Naturals Ltd. - Key offerings
- 11.11 Synergy Flavors Inc.
- Synergy Flavors Inc. - Overview
- Synergy Flavors Inc. - Product / Service
- Synergy Flavors Inc. - Key offerings
- 11.12 Synthite Industries Pvt. Ltd.
- Synthite Industries Pvt. Ltd. - Overview
- Synthite Industries Pvt. Ltd. - Product / Service
- Synthite Industries Pvt. Ltd. - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 12.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 12.4 Research methodology
- 12.5 Data procurement
- 12.6 Data validation
- 12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 12.8 Data synthesis
- 12.9 360 degree market analysis
- 360 degree market analysis
- 12.10 List of abbreviations