• In April 2022, Kerry Group completed the acquisition of Natreon Inc., a botanical extract firm focused on Ayurvedic, branded health ingredients, expanding Kerry’s functional‑ingredient portfolio and boosting its global extraction expertise.

• In April 2025, Tradebe Life Sciences acquired Florachem, a U.S. citrus‑extract specialist, marking Tradebe’s first entry into the U.S. market and enhancing its natural‑ingredient production capabilities.

In this report, the Plant Extracts Market has been segmented by Type, Form, Source, Application, and Geography.

Plant Extracts Market, Segmentation by Type

The Plant Extracts Market has been segmented by Type into Spices, Essential Oils, Flavors & Fragrances, and Phytomedicines & Herbal Extracts.

Spices

The demand for plant-based spices is rising due to their natural origin, flavor-enhancing properties, and associated health benefits. This segment accounts for over 25% of the plant extracts market. Their antioxidant and antimicrobial properties make them valuable in food, cosmetics, and nutraceuticals.

Essential Oils

Essential oils represent approximately 30% of the market share. They are widely utilized in aromatherapy, personal care, and pharmaceutical products. Growing interest in natural wellness solutions and organic fragrance sources continues to support demand.

Flavors & Fragrances

This segment captures nearly 22% of the plant extracts market. The demand is driven by the increasing adoption of natural flavors and clean-label ingredients in food and beverages. It also finds significant application in perfumery and functional drinks.

Phytomedicines & Herbal Extracts

Phytomedicines and herbal extracts account for about 23% of the total share. These extracts are widely adopted in traditional medicine, preventive healthcare, and dietary supplements, supported by growing consumer awareness of natural therapeutic alternatives.

Plant Extracts Market, Segmentation by Form

The Plant Extracts Market has been segmented by Form into Dry, and Liquid.

Dry

The dry form segment dominates due to its extended shelf life, ease of storage, and compatibility with various formulations. It is widely used in nutraceuticals, functional foods, and cosmetic products. This segment contributes to nearly 60% of the total market share.

Liquid

The liquid form is preferred for its faster bioavailability and better absorption in applications such as aromatherapy, pharmaceuticals, and personal care products. It holds around 40% of the plant extracts market, gaining traction due to ease of application in topical and ingestible formats.

Plant Extracts Market, Segmentation by Source

The Plant Extracts Market has been segmented by Source into Leaves, Fruits, Flowers, And Bulbs, Rhizomes & Roots, and Barks & Stems.

Leaves

Leaf-based extracts are widely used for their rich content of bioactive compounds such as flavonoids, alkaloids, and polyphenols. This source contributes approximately 28% to the plant extracts market, especially in the pharmaceutical and cosmetic sectors due to their strong antioxidant and anti-inflammatory properties.

Fruits

Extracts from fruits account for nearly 24% of the total market, driven by their high concentration of vitamins, antioxidants, and natural sweetening agents. These are predominantly used in functional beverages, nutraceuticals, and skin care applications.

Flowers

Floral extracts hold around 18% of the market and are prized for their aromatic compounds and therapeutic benefits. They are extensively used in fragrances, essential oils, and cosmetic formulations, with rising demand from the personal care industry.

Bulbs, Rhizomes & Roots

This segment constitutes approximately 20% of the market and includes powerful sources like ginger, garlic, and turmeric. Known for their strong anti-inflammatory and immune-boosting properties, they are commonly used in traditional medicine and dietary supplements.

Barks & Stems

Barks and stems contribute about 10% to the market and are valued for their content of tannins, lignins, and other phytochemicals. These extracts find applications in pharmaceuticals, natural dyes, and herbal remedies.

Plant Extracts Market, Segmentation by Application

The Plant Extracts Market has been segmented by Application into Pharmaceuticals & Dietary Supplements, Food & Beverages and Cosmetics.

Pharmaceuticals & Dietary Supplements

This segment represents the largest share, contributing nearly 45% of the total market. Plant extracts are extensively used in natural therapeutics, immune support, and preventive healthcare. The rising demand for plant-based medicines and herbal supplements continues to drive growth in this segment.

Food & Beverages

The food and beverage segment accounts for approximately 35% of the market. Extracts are used as natural flavors, preservatives, and colorants. Increasing consumer preference for clean-label ingredients and functional foods has significantly boosted this segment’s demand.

Cosmetics

With around 20% share, plant extracts in the cosmetics industry are valued for their anti-aging, skin-soothing, and antioxidant properties. They are commonly used in natural skincare, haircare, and personal care formulations, driven by the rise in organic beauty trends.

Plant Extracts Market, Segmentation by Geography

In this report, the Plant Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Plant Extracts Market Share (%), by Geographical Region

North America

North America holds nearly 30% of the plant extracts market, led by growing demand for natural supplements and clean-label food products. The presence of major nutraceutical and cosmetic manufacturers further supports market expansion in this region.

Europe

Europe contributes around 25% of the global market. High consumer awareness about organic products and stringent regulations promoting the use of natural ingredients in food, pharma, and cosmetics are driving steady growth in this region.

Asia Pacific

Asia Pacific leads in growth potential, with nearly 28% market share. The rising use of herbal remedies, increased adoption of traditional medicine, and expanding functional food sector across countries like China and India are major contributors.

Middle East and Africa

This region holds approximately 9% of the market. Demand is supported by a growing shift towards natural healthcare and cosmetics, along with the expansion of the wellness industry in key urban areas.

Latin America

Latin America accounts for around 8% of the plant extracts market. Increasing use of botanical ingredients in traditional medicine and rising investments in natural product formulations are fueling growth across the region.

This report provides an in depth analysis of various factors that impact the dynamics of Plant Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Health and wellness trends
• Increasing natural product demand
• Growth in pharmaceutical applications
• Rise in consumer awareness

• Sustainable sourcing practices - Gaining momentum as companies aim to reduce their environmental footprint while meeting increasing consumer demand for ethically produced goods. The shift toward responsible sourcing ensures that raw materials are obtained through eco-friendly, socially responsible, and transparent supply chains.

  Growing awareness around deforestation, overfishing, and land degradation is pushing companies to adopt sustainable certification schemes such as Fair Trade, Rainforest Alliance, or USDA Organic. These frameworks help maintain natural ecosystems and promote biodiversity conservation.

  Many companies are integrating traceability tools and blockchain-based platforms to monitor sourcing practices, enhancing supply chain transparency and gaining consumer trust. This practice also ensures compliance with regulatory standards set by global environmental agencies.

  Investing in sustainable sourcing not only enhances brand reputation but also provides long-term cost advantages by fostering resource efficiency and ensuring raw material availability in the face of growing climate-related challenges.

Restraints

• Health and wellness trends
• Increasing natural product demand
• Growth in pharmaceutical applications
• Rise in consumer awareness

• Sustainable sourcing practices - Beyond environmental concerns and encompass ethical labor conditions, fair pricing structures, and community development. Companies adopting such methods build inclusive supply chains that empower local farmers and reduce social inequalities.

  These practices are crucial in sectors like food & beverage, cosmetics, and nutraceuticals where demand for natural and responsibly grown ingredients is high. Sourcing from certified ethical suppliers strengthens customer loyalty and adds value to premium product lines.

  Many brands are collaborating with local cooperatives and NGOs to ensure that sourcing models align with ethical trade norms and support livelihood generation for underrepresented communities. These partnerships contribute to corporate social responsibility goals.

  Ultimately, businesses that embed sustainability into their sourcing frameworks gain a strategic advantage, especially in markets where conscious consumerism and regulatory oversight are shaping purchasing decisions.

Opportunities

• Expansion in nutraceuticals sector
• Innovations in extraction technologies
• Functional food applications

• Demand for organic products - The global demand for organic products is rising rapidly, driven by growing consumer interest in health, sustainability, and clean-label ingredients. Shoppers are actively seeking food, personal care, and nutritional items that are free from synthetic chemicals, GMOs, and artificial additives.

  Organic certification has become a key purchasing criterion, as it guarantees purity, traceability, and environmental responsibility. Retailers and manufacturers are responding by expanding organic product portfolios and investing in supply chain transparency.

  Rising lifestyle diseases and concerns over chemical residues in food are motivating consumers to adopt organic alternatives. This trend is especially strong in North America, Europe, and emerging Asian markets where health consciousness is intensifying.

  To remain competitive, companies are increasing their focus on organic sourcing, clean labeling, and sustainable production models. This shift is fueling innovation in organic formulations and creating a premium market for natural, nutrient-rich products.

Key players in Plant Extracts Market include:

• Givaudan
• International Flavors & Fragrances, Inc. (IFF)
• Sensient Technologies
• Symrise AG
• Dhler
• Synthite Industries Private Ltd.
• PT. Indesso Aroma
• PT. Haldin Pacific Semesta
• Vidya Herbs Private Limited
• Arjuna Natural Extracts Ltd.
• Martin Bauer Group
• Kangcare Bioindustry Co., Ltd

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis