Global Herbal Extracts Market Growth, Size, Trends by Ingredients (Amla, Aloe Vera, Turmeric), by Form of Extract (Capsule, Tablet, Powder, Soft-gel, & Liquid), by Extraction Method (Soxhlet, Marinated, Hotwater, Steam Distillation, & Others), by Application (Cosmetics, Food, & Pharmaceuticals) With Forecast 2016-2024

Global Herbal Extracts Market 

Market Overview

Global herbal extracts market has been growing at a continuous pace because of its various health benefits and increasing awareness about side effects from using chemical based products. Even at the times of recession the demand of herbal products is not much affected as people desire to maintain their health when the treatments are costlier. The extraction process requires obtaining active ingredients, using cost effective and appropriate solvents to increase the yield and its quality. There are various extraction processes each varying in cost efficiency, limitations and time consumption.

Goldstein Research analyst forecast the herbal extracts market size is set to reach USD 18 billion by 2024, growing at a CAGR of 7.09% over the forecast years. As per the trends it has been noted that 80% of the world’s population use herbal products in primary healthcare. Such market trends are leading the market to keep growing.

Covered in This Global Herbal Extracts Market Report

The report covers the present ground scenario and the future growth prospects of the herbal extracts market for 2016-2024 along with the import and export data of herbs and herbal products. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of herbal extracts and products from major players across the globe. 

Global Herbal Extracts Market Segmentation

By Ingredients

• Amla
• Aloe Vera
• Guggal
• Vetiver
• Rosemary
• Garlic
• Turmeric
• Mint
• Others (fennel, eucalyptus, clary sage, etc)

By Form of Extract

• Capsule
• Tablet
• Powder
• Softgel
• Liquid

By Extraction Method

• Super critical fluid extraction
• Sonication extraction
• Soxhlet extraction
• Microwave assisted extraction (MAE)
• Marinated extraction
• Steam-distillation extraction
• Hydro-distillation extraction
• Ultra-high pressure extraction
• Hot water extraction
• Accelerated solvent extraction (ASE)

By Application

• Cosmetics
  • Hair care
  • Skin care
  • Fragrances
• Food
  • Food Supplement
  • Sport Drinks
  • Health Drinks
• Pharmaceuticals
  • Anti-inflammatory
  • Detoxification
  • Treatment of several illness

Based on Geography

• North America (U.S. & Canada)  herbal extracts market
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  herbal extracts market
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  herbal extracts market
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  herbal extracts market
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  herbal extracts market

On the basis of application, pharmaceuticals have the highest market share in the application of the herbal extracts followed by food segment due to increased health awareness and increasing use of herbal food and drinks. Herbal pharmaceuticals market has market size of USD 129.87 billion in 2016, owing to the lower cost than allopathic products and fewer side effects.

Herbal extracts market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the herbal extracts market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global herbal extracts market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Herbal Extract Industry - Market Trends, Drivers and Challenges

According to our global market study on the basis of extensive primary and secondary research, “The rising trend is the widespread acceptance of natural food and drinks in diet, using herbal medicines as an alternative to other medicines and the chemical based cosmetic products. To ascertain these trends new developments are coming up in the extraction process to make the extracts cost efficient and increase the yield.”

According to the report, major driving factor for the growth of herbal extracts market is the availability of the herbs as per its application. The affordable equipment for extraction process, easy availability of the herbs and being cost efficient compared to the chemical based products are the major advantages while extracting the active ingredients from the herbs.

Further, the major challenge for the extraction is the standardization and quality control. The extraction is either single herb based or multiple herbs based. In multiple herbs extraction it is difficult to have the quality and quantity control. Standardization includes batch to batch consistency, correct amount of extract per unit. Standardization is difficult with the herbal extraction compared to the chemical compositions.

Global Herbal Extracts Market Analysis

Based on geography, North America has the 42.1% market share in 2016 of the global herbal extracts market size due to acceptance of herbal products by larger number of consumers and use of herbal products in various industries. Asia-Pacific is also growing with the highest CAGR of 10.3%, owing to the use of herbal products since ancient times and the presence of large manufacturers of the herbal extraction. European market has the highest potential to grow due to the changing consumption pattern of the people who are now becoming more health conscious.

Key Players

Global herbal extracts market report comprises of the following companies as the key players in the herbal extracts market: Doehler GmbH, Synthite Industries Ltd., Kalsec Inc., Naturex SA, Superior Supplement Manufacturing Inc., Maat Nutritionals, Matsun Nutrition

Other high-flying vendors in the herbal extracts market are: Kingherbs ltd., Savesta, Green Earth Products pvt. Ltd., Plant Extracts International Inc., Organic Herb Inc., BerryPharma AG, FT Technologies.

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 a SWOT analysis of the key vendors.

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Key questions answered in this Global Herbal Extracts Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of herbal extracts market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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