Global Natural Extracts Market Size, Share, Growth Analysis Report - Forecast 2034

Global Natural Extracts Market: Industry Perspective

The global natural extracts market size was worth around USD 15.41 Billion in 2024 and is predicted to grow to around USD 35.94 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.84% between 2025 and 2034. The report analyzes the global natural extracts market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the natural extracts industry.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

Global Natural Extracts Market: Overview

Natural extracts are ingredients extracted from natural sources such as plants, vegetables, meat, seafood, grains, and fruits. Furthermore, these extracts offer key benefits such as better health for consumers and improving the beauty of the people. In addition, these products are utilized in various flavors and edible oil colorants. 

Moreover, they find major applications in personal care & cosmetics items, food & beverages, and pharmaceuticals. Apart from this, natural sourcing of ingredients is gaining popularity among key product manufacturers. For the record, there is a growing penetration of natural extracts in fragrances, spices, and essential oils. These products are healthy as it contains a huge proportion of vitamins, carbohydrates, and minerals as their constituents.

GlobalNatural Extracts Market: Growth Factors

Thriving farming sector & surge in consumer disposable income to spur the global market growth

Escalating customer disposable income, thriving farming sector, and rise in imports & exports will contribute lucratively towards the growth of the global natural extracts market. Massive use of natural extracts in perfumes, personal care products, cosmetics, foods, beverages, and pharmaceuticals will expedite global business trends. Changing lifestyles, breakthroughs in biotech, and surging customer awareness about the benefits of natural extracts will increase the scope of growth of the global industry. In addition, various food businesses are shifting from use of artificial flavors to adding natural components to their food products. This has resulted in surging demand for product, thereby boosting market expansion.

Hindrances:

Fluctuations in raw material costs can impede the global market expansion

Oscillation in raw material costs and disruptions in the supply chain and distribution network are some of the factors that are likely to hinder the growth of the global natural extracts market.

Opportunities:

Flourishing agriculture sector to open new facades of growth for global market

Thriving agriculture sector is anticipated to offer new growth avenues for the global natural extracts industry over the years ahead. Growing inclination of consumers toward natural food flavors will create new opportunities for growth for the global market.

Challenges:

Low fund allocation for research on natural extracts has proved to be a major challenge for the global market

Lack of funding for research activities pertaining to natural extracts and massive extraction of minerals from the core of the earth have posed a challenge to the growth of the global natural extracts market.

Global Natural Extracts Market: Segmentation

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The global natural extracts market is divided into product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on product, the global natural extracts industry is segmented into natural colors, herbal extracts, oleoresins, essential oils, and dried crops. Moreover, the dried crops segment dominated the global market share in 2021 and is set to continue its global market domination over 2025-2034. The segmental expansion can be credited to the massive demand for dried crops in the food and beverages sector. For instance, turmeric oil, a natural extract from the turmeric plant, is a known product possessing antimicrobial, antibacterial, antifungal, antiparasitic, anti-allergic, and antiviral features. Another example is ginger oil which finds a spectrum of applications in hair care and skin care products.

In terms of application, the global natural extracts market is divided into animal feed, personal care & cosmetics, nutraceuticals, food & beverages, pharmaceuticals, and others. Moreover, the food & beverages segment, which led the growth of the global market in 2024, is expected to sketch a lucrative growth trajectory for the natural extracts industry within the next couple of years. The growth of the segment during 2025-2034 can be credited to the growing preference for natural and less processed food items leading to the immense use of natural extracts in food and beverages. Moreover, the antimicrobial features of natural extracts help them act as food preserving agents for an elongated timespan, which is anticipated to embellish its demand. This will help the food & beverages segment maintain its hegemony even in the forthcoming years.

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Recent Breakthroughs

• In January 2024, Surya Brasil, a Brazil-based vegan personal care product manufacturer, launched a new kind of Henna Cream range and expanded its product line in India. The strategic move will boost the expansion of the natural extracts industry in India and the Asia-Pacific region

• In June 2024, Symrise Ag, a key manufacturer of flavors and fragrances, joined hands with CRIEPPAM, a non-profit organization, for aiding a biodiversity research program for lavender farming. This will enhance crop resilience and bio-diversity across the globe and will contribute substantially towards the global natural extracts market proceeds.

Key Insights

• As per the analysis shared by our research analyst, the global natural extracts market is estimated to grow annually at a CAGR of around 8.84% over the forecast period (2025-2034).
• Regarding revenue, the global natural extracts market size was valued at around USD 15.41 Billion in 2024 and is projected to reach USD 35.94 Billion by 2034.
• The natural extracts market is projected to grow at a significant rate due to Rising consumer preference for clean-label, plant-based ingredients drives growth. Applications in food, cosmetics, and nutraceuticals further boost demand.
• Based on Product, the Natural Colors segment is expected to lead the global market.
• On the basis of Application, the Food & Beverages segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Global Natural Extracts Market: Report Scope

Global Natural Extracts Market: Regional Analysis

The natural extracts market shows diverse regional dynamics, with Asia-Pacific leading due to abundant raw material availability, traditional herbal practices, and rising demand for natural ingredients in food, cosmetics, and pharmaceuticals. North America follows closely, driven by increasing consumer preference for clean-label products and stringent regulations encouraging natural alternatives in food and personal care industries. Europe also holds a significant share, fueled by strong demand for organic and natural products, especially in cosmetics and nutraceuticals, alongside a growing focus on sustainability and traceability. Meanwhile, regions like Latin America, the Middle East, and Africa are witnessing emerging opportunities as manufacturers expand into new markets, attracted by shifting consumer lifestyles and rising disposable incomes.

Global Natural Extracts Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the natural extracts market on a global and regional basis.

The global natural extracts market is dominated by players like:

• Flavex Naturextrakte GmbH
• Robertet Group
• Arjuna Natural Pvt. Ltd.
• Firmenich SA
• India Essential Oils
• Sami Spices
• Kancor
• Synthite Industries Ltd.
• Symrise AG
• Ransom Naturals Ltd.
• A.G. Industries.

Global Natural Extracts Market: Segmentation

The global natural extracts market is segmented as follows;

By Product

• Herbal Extracts
• Essential Oils
• Natural Colors
• Oleoresins
• Dried Crops

By Application

• Personal Care & Cosmetics
• Food & Beverages
• Animal Feed
• Pharmaceuticals
• Nutraceuticals
• Others 

Global Natural Extracts Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America