Market Overview:
The global herbs ingredients market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for herbal supplements and functional foods and beverages. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into solid and liquid herbs ingredients. Solid herbs ingredients are further sub-segmented into powders and extracts while liquid herbs ingredients are sub-segmented into tinctures, essential oils, and juices/teas. On the basis of application, the market is segmented into pharmaceuticals, food & beverages (functional foods & beverages), nutraceuticals & dietary supplements, personal care products (cosmetics), animal feed additives (livestock feed additives), and others (agriculture).
Product Definition:
Herbs Ingredients are plant or plant part used for its flavor, scent, or therapeutic properties.
Solid:
Solid is the most important and basic ingredient used in herbal medicines. It is also known as dry or powdered herbs, roots, barks or leaves. The solid form of any plant material can be easily converted into a liquid form by simply adding water to it. This property makes it very easy to use in medicines for curing various diseases and health issues related to respiratory system, skin problems like acne & dermatitis among others.
Liquid:
Liquid is the part of essential oils that can be extracted from herbs, leaves, fruits and other parts of plants without the plant being cut or destroyed. The liquid is usually made up of alcohols and esters.
Application Insights:
The food and beverages segment held the largest market share of over 40% in 2017. The demand for herbal ingredients in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to the growing trend towards healthy eating habits among a large population, especially in developing countries like China and India. Furthermore, increasing health awareness among consumers is likely to propel demand for these products across various applications including pharmaceuticals and cosmetics.
Herbal ingredients are widely used as flavor enhancers, preservatives, colorants and additives in several foods such as bakery & confectionery items (chocolates, caramels), dairy products (yogurt), meat & seafood items (oysters), fruits & vegetables (grape juice) along with several other niche segments such as functional foods that provide nutritional benefits along with taste improvements or additions of herbs flavors.
Regional Analysis:
Europe was the largest regional market in 2017 owing to growing consumer awareness regarding health and wellness. In addition, increasing adoption of traditional medicine is expected to drive the demand for herbs ingredients in this region. Asia Pacific is projected to be one of the fastest-growing markets over the forecast period due to rising geriatric population, improving living standards along with increasing healthcare spending by governments and private sectors. Moreover, rapid industrialization coupled with changing food habits will drive growth further. Rising consumption of herbal tea has been a prominent trend across various Asian countries such as India and China which will also have a positive impact on industry growth over the next eight years.
Latin America held a significant share in global herbs ingredients market due to high production volume as well as exports from Brazil and other South American countries like Argentina, Chile, Colombia etc.
Growth Factors:
- Increasing demand for herbal ingredients in dietary supplements and functional foods: The global market for dietary supplements is projected to reach 8.02 billion by 2024, according to a MarketsandMarkets research study. This growth can be attributed to the increasing awareness about the benefits of dietary supplements among consumers and an increase in the number of health-conscious people around the world. Herbal ingredients are considered as a natural source of nutrients and are often used in dietary supplements to provide various health benefits such as weight loss, improved digestion, and better cardiovascular health.
- Rising demand from emerging markets: The Asia Pacific region is expected to be the fastest-growing market for herbal ingredients during the forecast period owing to rising disposable incomes and an increase in awareness about healthy lifestyles among consumers in this region. Additionally, several countries in this region such as China and India are witnessing a surge in demand for herbal products due to their traditional use of herbs for medicinal purposes.
- Growing popularity of organic products: Consumers are increasingly preferring organic products over conventional ones due to concerns about the safety and quality of conventional food items. Organic certification is granted only after rigorous inspection processes that ensure that all production processes meet specific standards with regards to environmental sustainability, animal welfare, worker safety, etcetera . As most herbs are sourced from nature, they qualify as organic products by default which makes them attractive options for consumers looking for safe and healthy alternatives..
Scope Of The Report
Report Attributes
Report Details
Report Title
Herbs Ingredients Market Research Report
By Type
Solid, Liquid
By Application
Pharmaceuticals, Food and Beverages
By Companies
Spicergo, Petrow foods, Dried Ingedients, Capefoods, SMPnutra, Herbs-Aplenty, Deli spices, dyanamic Intertrade, Capeherb, elitepice, herbaltrade, Al Season Herbs, Prorganiq
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Herbs Ingredients Market Report Segments:
The global Herbs Ingredients market is segmented on the basis of:
Types
Solid, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Food and Beverages
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spicergo
- Petrow foods
- Dried Ingedients
- Capefoods
- SMPnutra
- Herbs-Aplenty
- Deli spices
- dyanamic Intertrade
- Capeherb
- elitepice
- herbaltrade
- Al Season Herbs
- Prorganiq
Highlights of The Herbs Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid
- Liquid
- By Application:
- Pharmaceuticals
- Food and Beverages
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Herbs Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Herbs ingredients are plants that have been used for medicinal purposes for centuries. They can be fresh, dried, or ground into a powder.
Some of the major companies in the herbs ingredients market are Spicergo, Petrow foods, Dried Ingedients, Capefoods, SMPnutra, Herbs-Aplenty, Deli spices, dyanamic Intertrade, Capeherb, elitepice, herbaltrade, Al Season Herbs, Prorganiq.
The herbs ingredients market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Herbs Ingredients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Herbs Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Herbs Ingredients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Herbs Ingredients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Herbs Ingredients Market Size & Forecast, 2020-2028
4.5.1 Herbs Ingredients Market Size and Y-o-Y Growth
4.5.2 Herbs Ingredients Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Food and Beverages
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Herbs Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Herbs Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Food and Beverages
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Food and Beverages
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Food and Beverages
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Food and Beverages
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Food and Beverages
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Herbs Ingredients Market: Competitive Dashboard
14.2 Global Herbs Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spicergo
14.3.2 Petrow foods
14.3.3 Dried Ingedients
14.3.4 Capefoods
14.3.5 SMPnutra
14.3.6 Herbs-Aplenty
14.3.7 Deli spices
14.3.8 dyanamic Intertrade
14.3.9 Capeherb
14.3.10 elitepice
14.3.11 herbaltrade
14.3.12 Al Season Herbs
14.3.13 Prorganiq
