Plant Extracts Market

The plant extracts market is projected to grow from USD 47.54 billion in 2025 to USD 85.28 billion by 2030, at a strong compound annual growth rate (CAGR) of 12.4%. The increasing global shift toward natural, plant-based, clean-label, and chemical-free ingredients is a key driver accelerating the adoption of botanical extracts across multiple industries. Plant extracts offer a rich composition of valuable compounds such as oleoresins, essential oils, flavonoids, alkaloids, carotenoids, and other types, which are increasingly being used in food and beverages, pharmaceuticals, dietary supplements, cosmetics, and personal care products. Rising awareness of preventive healthcare, natural wellness solutions, and functional nutrition is further supporting the global expansion of plant-derived ingredient applications.

As the global preference for natural, organic, and sustainably sourced products intensifies, plant extracts are gaining strong commercial significance due to their therapeutic potential and minimal environmental impact compared to synthetic ingredients. Their applications are growing rapidly across categories such as functional foods, herbal medicines, aromatherapy, nutraceutical formulations, beauty-from-within products, and natural preservatives, supporting multiple sectors of the bioeconomy. The shift toward eco-friendly production systems and clean manufacturing processes is reinforcing the adoption of botanical ingredients and promoting a circular and sustainable value chain across industries.

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Collaborations between food and beverage manufacturers, pharmaceutical companies, cosmetic brands, agricultural producers, and biotech firms are driving continuous innovation in extraction technology, cultivation practices, and product standardization. Advancements such as supercritical CO2 extraction, ultrasound-assisted extraction, and green-solvent processing are significantly enhancing the purity, potency, and efficiency of plant-derived compounds. These innovations are enabling the development of high-quality, cost-effective, and scalable plant-based ingredients suitable for a wide range of industrial applications, while supporting clean-label formulations and regulatory compliance.

Growing investment in research and development, supported by increasing consumer demand for natural health products and government initiatives promoting traditional medicine and herbal drug commercialization, is accelerating market growth. Plant-based extracts such as turmeric, neem, ashwagandha, cinnamon, rosemary, green tea, aloe vera, lavender, and eucalyptus are being widely incorporated into functional foods, beverages, dietary supplements, personal care formulations, and pharmaceutical products due to their proven biological efficacy and strong sustainability profile. The market is further fueled by rising global health consciousness, expansion of the vegan and herbal products sector, and increasing interest in natural flavoring agents, plant-based preservatives, and therapeutic aromatherapy solutions.

Major players in the plant extracts market include Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise AG (Germany), dsm-firmenich (Netherlands), Synthite Industries Ltd (India), Indesso (Indonesia), Cargill Incorporated (US), ADM (US), Kerry Group (Ireland), Döhler (Germany), Kangcare Bioindustry Co. Ltd. (China), Vidya Herbs (India), Carbery Group (Ireland), Martin Bauer Group (Germany), Kalsec Inc. (US), and Native Extracts (Australia). These companies are implementing strategic initiatives, including partnerships, acquisitions, capacity expansions, and product innovations, to strengthen their presence and meet the rapidly growing demand for sustainable, plant-based ingredients.

Scientific advancements, coupled with increased consumer preference for plant-based and carbon-neutral solutions, are positioning plant extracts as a cornerstone of the future bioeconomy, offering a sustainable alternative that aligns health, nutrition, and environmental responsibility.

International Flavors & Fragrances Inc. (IFF) is an American corporation that produces and manufactures food, beverage, health & biosciences, scent, and pharma solutions, cosmetic active, and natural health ingredients, which it markets globally. The company operates across four distinct segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions. Dietary supplements and food are the major domains where plant extract products are marketed, along with perfumery. In February 2021, IFF announced a merger with DuPont’s Nutrition & Biosciences (Denmark). The collaboration combined DuPont’s expertise in binders, plant-based proteins, and texturants with IFF’s product portfolio, significantly expanding revenue potential and strengthening the company's sustainable growth strategy. The merger enabled broader customer reach and enhanced capabilities in natural and functional ingredient solutions. The deal was valued at USD 7.3 billion.

ADM is a food manufacturing company that is primarily involved in the production of food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through four business segments, namely, Ag services & oilseeds, carbohydrate solutions, nutrition, and others. It offers plant extracts under its nutrition segment. The company’s nutrition segment is involved in the manufacturing, sales, and distribution of a wide array of products from nature, including plant-based proteins, natural flavor ingredients, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, natural health, and nutrition products, including probiotics, prebiotics, enzymes, and botanical extracts, and other specialty food and feed ingredients. It offers a range of natural food flavors and colors, emulsifiers and stabilizers, specialty starches, and sweeteners. In January 2020, ADM acquired Yerbalatina Phytoactives (Brazil), a leading Brazilian manufacturer specializing in plant-based extracts and botanical ingredients. This acquisition supports ADM’s strategy to expand its portfolio of natural ingredient solutions aligned with health and wellness trends. By integrating Yerbalatina’s expertise and manufacturing presence, ADM significantly strengthened its operations and market footprint in Brazil.

Market Ranking

The plant extracts market is driven by increasing global demand for natural, plant-based, and clean-label ingredients, supported by scientific research and proven functional benefits. As consumers increasingly prioritize health, wellness, sustainability, and transparency in product composition, plant extracts have become a core ingredient category across multiple industries, including food and beverages, pharmaceuticals, nutraceuticals, cosmetics, personal care, and aromatherapy. The versatility of plant extracts, rich in antioxidants, flavonoids, polyphenols, alkaloids, carotenoids, essential oils, and natural bioactives, makes them highly valuable for both human and industrial applications, meeting the need for natural flavoring agents, natural preservatives, therapeutic compounds, and bio-functional ingredients.

Continuous advancements in agricultural cultivation, botanical extraction, purification science, and green processing technologies, supported by increasing investment in research and development, are transforming the landscape of plant extracts. Innovations such as supercritical CO2 extraction, ultrasound-assisted extraction, and solvent-free purification systems, combined with improved post-harvest handling, traceability, and controlled farming practices, are enabling the scalable production of high-purity, standardized, and cost-efficient plant-based ingredients. These technological improvements, combined with regulatory focus on safety, clean-label compliance, and sustainable sourcing, are shaping competitive dynamics and ensuring long-term market growth.

The plant extracts market is dominated by major players such as Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise AG (Germany), dsm-firmenich (Netherlands), Synthite Industries Ltd (India), Indesso (Indonesia), Cargill Incorporated (US), ADM (US), Kerry Group (Ireland), Döhler (Germany), Kangcare Bioindustry Co. Ltd. (China), Vidya Herbs (India), Carbery Group (Ireland), Martin Bauer Group (Germany), and Kalsec Inc. (US). These companies leverage advanced extraction and purification technology, established supply networks, and diversified product portfolios to serve sectors including functional foods, dietary supplements, cosmetics, personal care, aromatherapy, pharmaceuticals, and agriculture. With a strong focus on sustainability, traceability, innovation, and clinical substantiation, these key players maintain a competitive edge in a rapidly evolving global market.

Smaller firms and emerging startups are also actively shaping the plant extracts market by developing novel botanical formulations, cost-optimized extraction solutions, and innovative product formats, including botanical-infused functional beverages, natural skincare concentrates, aromatherapy blends, and herbal wellness supplements. Collaborations with research institutions, biotech accelerators, and contract manufacturers are enabling these companies to overcome production barriers and accelerate the large-scale commercialization of their products. With rising investor attention, supportive regulatory frameworks, and increasing consumer preference for natural and plant-derived ingredients, these emerging players are well-positioned to introduce disruptive innovations, expand market access, and build strong market presence in the global plant extracts industry.

Related Reports:

Plant Extracts Market by Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids), Application (Food & Beverages, Cosmetics, Pharmaceuticals, Dietary Supplements), Form, Source, Extraction Process, and Region - Global Forecast to 2030

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