Natural Extracts Market Revenue to Attain USD 28.04 Bn by 2033


14 Apr 2025

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The global natural extracts market revenue surpassed USD 14.49 billion in 2025 and is predicted to attain around USD 28.04 billion by 2033, growing at a CAGR of 8.67%. The demand for natural extracts is increasing due to the rise in the trend of vegetarianism across the globe.

Natural Extracts Market Revenue Statistics

Market Overview

Natural extracts are substances extracted from natural sources like fruits, flowers, plants, and herbs. These extracts are derived from different processes that are meant to focus on and capture the essential compounds in the source material. This extract possesses various bioactive compounds. Such as essential oils, antioxidants, phytochemicals, vitamins, and minerals. Natural extracts are extensively utilized in different industries like cosmetics, food and beverages, pharmaceuticals, and nutraceuticals.

Report Highlights

  • By material, the essential oil segment dominated the natural extracts market in 2024. The dominance of the segment can be attributed to the increasing consumer knowledge regarding health and wellness across the globe. The oleoresins segment is expected to grow at the fastest rate over the forecast period. The growth of the segment can be credited to the increase of oleoresin in the food and beverage, pharmaceutical, and nutraceutical industries.
  • By therapeutic area, the beauty and aging segment led the market in 2024. The dominance of the segment can be linked to the growing number of people having serious concerns about aging and beauty. The immunity segment is expected to grow at the fastest rate over the projected period. The growth of the segment can be driven by raising health consciousness among the majority of the population about their health and fitness.
  • By application, the food and beverages segment dominated the market in 2024. The dominance of the segment is owing to the growing consumer demand for natural ingredients and clean products. The personal care and cosmetics segment is anticipated to show the fastest growth during the period studied. The growth of the segment is due to the increasing customer preference for natural products over artificial ones.

Increasing Demand for Eco-Friendly Ingredients

Cosmetic and personal care industries provide a wide range of plant-based products because the need for such products is high, particularly in emerging economies like the U.K. and the U.S. This factor also opens new avenues for the major players in the natural extracts market. Also, increasing concerns about the environmental effects of using traditional chemical ingredients have also helped boost the extensive adoption of sustainable products.

Expanding Application Areas

Plant extracts have many applications in various industries, such as functional food and beverages, pharmaceuticals, nutraceuticals, cosmetics, and even new areas like cannabis. Furthermore, consumers are scrutinizing product ingredients, finding formulations with natural, recognizable components free from artificial additives. Emerging economies are expecting a growth in demand for natural ingredients and natural flavors.

Increasing Demand for Plant-Based Extracts

Consumers are seeking plant-based and natural products; this trend is boosting the demand for plant-based extracts. Market players are also emphasizing producing plant-based extracts specific to this surge in demand. Furthermore, there is a rising trend of utilizing natural extracts in beverage products and functional food like health supplements and energy drinks, which is fueling the growth of the market.

Regional Outlook

Asia Pacific dominated the natural extracts market in 2024. The dominance of the region can be attributed to the growing demand for natural extracts from pharmaceutical, food and beverage, and cosmetic industries. Moreover, the major countries in the region have a well-established pharmaceutical and food and beverage industry. The region has a surging food and beverage market, which can impact market growth positively.

North America is expected to grow at the fastest rate in the natural extracts market over the forecast period. The region's growth can be attributed to the increasing demand for organic and natural food products. Furthermore, the region also boasts the presence of major market players such as Cargill, Incorporated, Archer Daniels Midland Company DuPont de Nemours, Inc., etc.

Natural Extracts Market Coverage

Report Attribute Key Statistics
Market Revenue in 2025 USD 14.49 Billion
Market Revenue by 2033 USD 28.04 Billion
CAGR 8.67%
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2024
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market News

  • In March 2023, Chr. Hansen, a global producer of natural ingredients, announced the launch of a new range of natural extracts called Fermentech™. These extracts are produced using a fermentation process and are intended for use in the food and beverage industry.
  • In November 2023, L'Oréal Groupe announced an exclusive, industry-first partnership with Cosmo International Fragrances to bring a Green Sciences-based extraction process to revolutionize the art of fine fragrance creation.

Natural Extracts Market Key Players

Market Segmentation

By Material

  • Essential Oils
  • Oleoresins
  • Flavonoids
  • Alkaloids
  • Carotenoids
  • Others

By Therapeutic Area

  • Immunity
  • Beauty & Aging
  • Gastro & Digestive
  • Weight & Wellness
  • Mental Health
  • Diabetes
  • Woman Health
  • Others

By Application

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

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