Herbal Extract in Nutraceuticals Market : Global Industry Analysis and Forecasting (2023-2029)

The herbal Extract in Nutraceuticals Market is worth $3.37 Billion in 2022 and is estimated to grow at a CAGR of 6.2% in the forecasted period. The forecasted revenue hints at around $5.14 billion in growth by 2029.

Herbal Extract in the Nutraceuticals market is diverse, gaining significant market share as food patterns have changed. Herbal extracts have helped numerous enterprises achieve higher market share. Nutraceutical products depend on herbal extracts from diverse plants. Polyphenols and alkaloids in these extracts have anti-inflammatory and antibacterial effects that protect the immunological impact and prevent hazardous illnesses. Each plant source contains a unique combination of bioactive compounds, giving rise to different health benefits and therapeutic properties. Ginseng, Echinacea and Ginger are some useful herbal extracts in the nutraceutical market. Herbal extracts can also be used to relieve headaches and arthritis pain.

These extracts when used together in a proper proportion can show great benefits like herbal extracts with anti-inflammatory properties may be combined with those that have antioxidant properties to create a more comprehensive product. There have been several reasons which have helped increase the influence of herbal extract-based nutraceutical demand. People are becoming more aware of the health advantages of natural ingredients, shifting towards plant-based goods and their awareness has helped the market. The industry has also grown due to chronic illnesses and preventative healthcare. Manufacturers often employ advanced extraction techniques to ensure the preservation of the bioactive compounds and maximize the potency of the extracts. Asia Pacific has been a traditionally dominant market, increasing its market share. The rich traditional history of countries like India, and China have helped the market grow and establish companies like Cymbio Pharma, Akay, and Synthite industries have grown simultaneously as well. To know about the Research Methodology :- Request Free Sample Report

Increasing Awareness is the Key to Market Growth Drivers in Herbal Extract in Nutraceuticals Market

One of the most fundamental reasons for the growth in Herbal Extract in the Nutraceuticals Market is growing awareness. The consumer’s consciousness related to their well-being is helping the Herbal extract in the nutraceuticals market grow. Also, nowadays people are seeking alternatives to conventional pharmaceutical products which opens huge opportunities for new and existing companies. Herbal extract-based nutraceuticals are seen as a natural and holistic approach to supporting health and wellness. Up to four billion people (80% of the world's population) in developing countries utilise herbal medicinal items and traditional herbal medicine for healthcare. The global population is ageing and thus there’s an increasing emphasis on healthy ageing solutions. Herbal extracts are known to address age-related concerns such as joint health, cognitive function, and immune support.

The population has been a key factor in market growth. Ageing is driving the demand for nutraceutical products that can help maintain a healthy and active lifestyle. Herbal extracts like echinacea, elderberry, and astragalus help in immune-modulating properties and strengthen the immune response, reducing the risk of infections. Herbal extracts like horsetail and black cohosh are traditionally used to support bone health. The extraction techniques used have also been developed to improve the quality and potency of herbal extracts. Supercritical fluid extraction is an example of it, particularly using carbon dioxide (CO2) as the solvent, which has gained popularity in herbal extract production. Microwave-assisted extraction utilizes microwave energy to heat the solvent and accelerate the extraction process. Solid-Phase Microextraction is particularly useful for volatile and semi-volatile compounds in herbal extracts. It offers simplicity, fast extraction times, and low solvent consumption. All these factors are estimated to accelerate the herbal extract in nutraceuticals market growth rate in the next few years.
Adulteration Becomes a Major Challenge in Herbal Extract in Nutraceuticals Market Segmentation
Adulteration and Authentication have been major problems in Herbal Extract in Nutraceuticals Market. Adulteration can occur in various forms, including the substitution of plant materials with cheaper or ineffective alternatives, the addition of synthetic or pharmaceutical compounds, dilution with fillers, or improper processing practices. Common adulterants include lower-grade plant species, plant parts from the same species with different chemical profiles, or even non-plant materials. Consumers may unknowingly consume products with reduced efficacy or potential health hazards. Adulteration undermines consumer trust and damages the reputation of the industry. These regulations include requirements for product testing, labelling, and claims substantiation. Authorities may also conduct random inspections and take legal action against companies found guilty of adulteration. Another challenge is regarding it’s conservative and sustainability. The plants which have huge benefits could be exploited to contain the higher demand. Many herbal extracts are sourced from wildcrafted or cultivated plants. The increasing demand for herbal extracts can put pressure on natural resources and biodiversity. These are all major factors that could impede revenue growth in the herbal extract in nutraceuticals market.

Scientific Research on Herbal Extracts Would Drive the Trends in Herbal Extract in Nutraceuticals Market

The increasing focus on health has been the marking point of the trend in Herbal Extract in the Nutraceuticals market. Nutraceutical consumers seek natural and plant-based components. Due to their health advantages and affiliation with traditional medicine, herbal extracts thus are providing an excellent alternative. Herbal extract-based nutraceuticals are replacing synthetic components. Also, because of this increasing demand, many companies have started incorporating these herbal extracts to enhance their marketing strategy. Modern nutraceuticals have been incorporating traditional herbal medical practices. Consumers seeking holistic and evidence-based health and well-being choose this combination of ancient wisdom and scientific research.

The industry is emphasising standardisation and quality control of herbal extracts to assure uniformity and efficacy. To assure active ingredients and product purity, companies are investing in improved extraction, testing, and quality assurance processes. According to a survey, nearly 30% of people consumed more functional food and beverage post covid. Also, Covid has played a huge role in setting a new trend where healthy, herbal food has been a necessity. Various new techniques have been emerging like nanoemulsions, microencapsulation, and liposomal formulations which increase herbal ingredient solubility, stability, and targeted administration. These advances improve bioactive component utilisation and herbal extract-based nutraceutical therapeutic potential. Clinical investigations and research collaborations are being funded to support herbal extract-based nutraceutical health claims. This trend builds customer trust, regulatory compliance, and market distinctiveness. These factors are predicted to boost the market opportunity.
Herbal Extract in Nutraceuticals Market Segmentation
Herbal Extract in Nutraceuticals Market Segmentation, by Nature

Organic and Conventional are the two main segments of Herbal Extract in Nutraceuticals Market. Organic food has been the dominant segment of the two. Consumers are increasingly demanding organic food, due to concerns about the safety of conventional food, the environmental impact of conventional agriculture, and the health benefits of organic food. Organic food has also shown the highest CAGR among the two indicating an even bigger growth of this segment in future.

Herbal Extract in Nutraceuticals Market Segmentation, by Extraction Process

Solvent extraction, SCFE and Spray Dried are the 3 major extraction processes in Herbal Extract in Nutraceuticals Market. Solvent extraction has the highest market share among the three and also has a sustainable future in this market. The other 2 methods are solvent-free methods of extracting herbal extracts. This means that the extracts are free of any toxic solvents, which makes them safer for human consumption. The SCFE and Spray dried have shown good growth and would likely to attain a larger market share the market

Herbal Extract in Nutraceuticals Market Segmentation, By Form

Powder and Liquid are the 2 main forms of Herbal Extract in the Nutraceuticals Market. Powder is the preferable form by consumers as Powder herbal extracts can be used in a variety of applications, including dietary supplements, food and beverages, personal care products, and pharmaceuticals. Thus, Power has more share than liquid which justifies increasing growth in the industry

Herbal Extract in Nutraceuticals Market Segmentation, By Type

Tulsi Extract, Cinnamon Extract, Fenugreek Extract, Amla Extract, and Onion Extract are the major segments in Herbal Extract Nutraceuticals Market. Cinnamon Extract has seen the highest percentage of market share followed by Tulsi extract and Fenugreek Extract. The Tulsi extract is estimated to grow a lot in future.


Herbal Extract in Nutraceuticals Market Segmentation, By Region
The herbal extract in the nutraceuticals market demonstrates regional variations. North America signifies a well-developed market and with increasing demand, the market is expected to grow even further. The United States and Canada have witnessed huge growth in herbal extract mainly as consumer awareness and a well-established industry have developed well. Europe emphasizes natural and organic products, with countries like Germany, France, and the United Kingdom leading the market.

The Asia Pacific region, encompassing China, India, Japan, and Australia, benefits from traditional herbal medicine practices and a growing interest in preventive healthcare. The rich heritage of herbal science and extracts has supported this market to grow. Latin America, including Brazil and Mexico, shows rising demand for herbal extract nutraceuticals, driven by factors such as higher disposable income and a preference for natural remedies. The Middle East and Africa region presents opportunities for market growth, influenced by a shift towards preventive healthcare and a rising interest in natural and organic products.

Competitive Landscape

The competitive landscape is shaped by factors such as product innovation, brand recognition, distribution networks, and strategic partnerships in the Herbal Extract in the Nutraceuticals market. The market has been dynamic and has seen many new entries of new companies like Terrasoul Superfoods, and Herbal Roots who have proclaimed a part of the market share by using innovative technologies and proper marketing. The established companies have been traditionally herbal-dominated companies like Nature’s Way. Asia Pacific has been a dominating market and has seen plenty of growth in the market especially post covid.

Herbalife

Herbalife is a global pioneer in herbal extract nutraceuticals, offering a variety of vitamins and health products. Its brand familiarity and distribution network give it an edge towards its competition.

Nature’s Bounty

Nature's Bounty is well-known for its herbal extract supplements, vitamins, and minerals. Quality and innovation have kept the organisation competitive.

Gaia Herbs

Organic herbal extracts and sustainability distinguish Gaia Herbs. The market trusts the company's excellent sourcing and manufacturing.

Himalaya

Himalaya's herbal medicine expertise and a vast variety of herbal extract-based products make it a nutraceutical industry leader. Research and development keep the organisation innovative.
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Global Herbal Extract in Nutraceuticals Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.37 Bn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 5.14 Bn.


 Segments Covered:
by Nature
Organic
Conventional


by Extraction Process
Solvent extraction
SCFE
Spray Dried


by Form
Powder
Liquid


by Type
Cinnamon Extract
Fenugreek Extract
Amla Extract
Tulsi Extract
Onion Extract



Herbal Extract in Nutraceuticals Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Key Players
1. Himalaya Drug Company (India)
2. Organic India (India)
3. Kotra Pharma (Malaysia)
4. Shanghai Herbary Biotechnology Co., Ltd. (China)
5. Sun Ten Pharmaceutical Co., Ltd. (Taiwan)
6. Eu Yan Sang (Singapore)
7. TSI Group Ltd. (China)
8. Blackmores Limited (Australia)
9. Herbalife Nutrition Ltd. (United States)
10. Nature's Bounty Co. (United States)
11. Nutraceutical Corporation (United States)
12. Herb Pharm (United States)
13. MediHerb (United States)
14. Nature's Sunshine Products (United States)
15. Gaia Herbs Professional Solutions (United States)
16. Nature's Answer (United States)
17. Swanson Health Products (United States)
18. New Chapter (United States)
19. Planetary Herbals (United States)
20. Solaray (United States)
21. Pure Encapsulations (United States)
22. Herb Pharm Professional (United States)
23. MegaFood (United States)
24. Vital Nutrients (United States)
25. Bach Flower Remedies Ltd. (United Kingdom)
FAQ
Q.1) What is the CAGR of Herbal Extract in the Nutraceuticals market?
Ans: The CAGR for Herbal Extract in the Nutraceuticals market is 6.2%

Q.2) Which are the leading companies in Herbal Extract in the Nutraceuticals market?
Ans: Advanced Drainage Systems, Zurn Industries, and ESS are some of the leading companies in the Herbal Extract in Nutraceuticals market

Q.3) Which region shows maximum potential in Herbal Extract in the Nutraceuticals market?
Ans: Asia Pacific is expected to grow exponentially and is likely to dominate Herbal Extract in the Nutraceuticals market in future

Q 4) Which is the leading region in Herbal Extract in the Nutraceuticals market?
Ans: North America leads the market of Herbal Extract in the Nutraceuticals market significantly

Q.5) What was the forecasted period of this report?
Ans: The forecasted period for the Herbal Extract in Nutraceuticals market research was 2023 – 2029