The herbal extract market encompasses various herbal products extracted from plants and used for medicinal and therapeutic purposes. Some key advantages of herbal extracts are their availability, low cost, minimum side effects, and growing popularity of traditional medicines like Ayurveda. Herbal extracts find applications in pharmaceuticals, food and beverages, personal care products, and nutraceuticals. The growing consumer preference for herbal remedies and natural ingredients in daily use products is fueling the demand for herbal extracts.
The Global herbal extract market is estimated to be valued at US$ 41.8 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the herbal extract market are Botanic Healthcare, VIDYA HERBS Pvt. Ltd, Allicin Pharm, HerbalHills, Acara bioherb PVt. LTD., Pioneer Enterprises (I) Private Limited, Sydler India Pvt. Ltd, Herbal Creations, Alpspure Lifesciences Private Limited, IDOBIO CO., LTD., Döhler GMB, MartinBauer.
The key opportunities in the Herbal Extract Market Trends include rising investments in herbal medicine research, growing importance of natural ingredients across industries, and expanding application scope of herbal extracts in nutraceuticals, food and beverages.
Technological advancements such as improved extraction techniques are helping drive efficiency and yield. Supercritical fluid extraction allows for higher extraction yields with minimal residue.
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