How big is the Botanicals Market?

The Botanicals Market size is expected to reach USD 113.48 billion in 2024 and grow at a CAGR of 6.63% to reach USD 156.43 billion by 2029. Read More

What is the current Botanicals Market size?

In 2024, the Botanicals Market size is expected to reach USD 113.48 billion. Read More

Who are the key players in Botanicals Market?

Bell Flavors & Fragrances , Firmenich SA, International Flavors & Fragrances Inc., Givaudan and Martin Bauer Group are the major companies operating in the Botanicals Market. Read More

Which is the fastest growing region in Botanicals Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Botanicals Market?

In 2024, the North America accounts for the largest market share in Botanicals Market. Read More

What years does this Botanicals Market cover, and what was the market size in 2023?

In 2023, the Botanicals Market size was estimated at USD 106.42 billion. The report covers the Botanicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Botanicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Botanical Market - Report & Size

Botanical Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Botanicals Market Manufacturers and it is segmented by source (herbs, spices, flowers, and other sources), application (food and beverage, dietary supplements, animal feed, and other applications), and geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa). The report offers market size and values (in USD million) during the forecasted years for the above segments.

Botanical Industry Overview

The botanicals market is fragmented, with numerous global and regional players operating. However, global players such as International Flavors & Fragrances Inc., Bell Flavors & Fragrances, Firmenich SA, Martin Bauer Group, and Givaudan dominated the market with their extensive product offerings coupled with their growth strategies. The prominent market players have been focusing on developing new and innovative products by targeting new formulations. Additionally, these companies have been focusing on increasing the production capacities of their existing plants or introducing new production facilities while investing in R&D activities. Thus, the market studied is expected to witness significant growth in product innovation while keeping expansion as a business interest to reach a diverse set of consumers within a short-term period.