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Dried Botanicals Market

Published Date : Jun 2024 | Forecast Year : 2019

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Dried Botanicals Market Size, Share & Trends Cover Analysis By Product Type (Flowers, Leaves, Roots, Seeds, Fruits, Bark, Others), By Product Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Aromatherapy, Nutraceuticals, Others) Growth, Regional Outlook, and Forecast 2024 – 2032

Report ID: AG874

Published : Jun 2024

Pages : 155

Category : Food & Beverages

Format : Dried Botanicals Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 3.41 Billion
MARKET SIZE (2023)USD 2.43 Billion
CAGR (2023-2029)4.28%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEFlowers
Leaves
Roots
Seeds
Fruits
Bark
Others
BY APPLICATIONFood and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Aromatherapy
Nutraceuticals
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSMountain Rose Herbs, Starwest Botanicals, Frontier Co-op, Naturex (Givaudan), Organic Herb Trading Company, Kalsec Inc., Sensient Technologies Corporation, International Flavors & Fragrances Inc. (IFF), Nature's Sunshine Products, Synthite Industries Ltd., Martin Bauer Group, Biomax (Pty) Ltd., Bio-Botanica Inc., Nutra Green Biotechnology Co., Ltd., Xi'an Natural Field Bio-Technique Co., Ltd..

Introduction:

The dried botanicals market includes a wide range of dried plant materials used in a variety of industries, including food and beverage, pharmaceuticals, cosmetics and aromatherapy. These plants are dried to preserve their natural properties and extend their shelf life, making them valuable for aroma, color, fragrance and medicinal purposes. Growing consumer preference for natural and organic products is driving demand, as dried herbs often offer health benefits and are seen as an environmentally friendly alternative to synthetic ingredients. 

Dried Botanicals Market size was valued at USD 2.43 Billion in 2023, is projected to reach USD 3.41 Billion by 2032, growing at CAGR of 4.28% from 2024 to 2032

The main plants are herbs, flowers, seeds, roots and fruits, each valued for its unique flavors, aromas and medicinal properties. The market is characterized by innovation in processing methods that preserve botanical integrity and improve their usability in various applications. Geographically rich biodiversity regions such as Asia-Pacific and Latin America play an important role in the supply chain and provide a wide range of botanical species to meet global demand in various end-user sectors.

Dried Botanicals Market

Size, by Product, - (USD Billion)

Flowers

Leaves

Roots

Seeds

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

4.28%

The Forecast Market

Size for in USD:

$3.41 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Overview:

The Dried Botanicals Market size is expected to develop revenue and exponential market growth. The growth of the market is due to the increasing demand for dry herbal products in domestic and commercial applications across the world. The report provides an overview of the lucrative opportunities in the dried vegetable products market at the country level. The report also includes precise costs, segments, trends, region and business development of key players worldwide for the forecast period.

Dried Botanicals Market Report represents the collected information about the industry or the market of different industries. The Dried Plants market report includes both quantitative and qualitative data analysis and the forecast period of the report extends from 2023 to 2030. Various factors such as product prices, distribution of products or services in both countries are considered while preparing the report. and regional levels, country GDP, parent market and sub market dynamics, end application industry, major players, consumer buying behavior, economic, political and social scenarios of countries and much more. The report is divided into various segments to provide a detailed analysis of the market from all possible aspects.

The overall report focuses on key sections such as – market segments, market outlook, competitive landscape and company profiles. Segments provide details on various aspects such as end-use industry, product or service types and any other relevant segmentation as per the current scenario of the market which covers various aspects for subsequent marketing activities.

Key Market Drivers:

  • Growing Demand for Herbal Medicines and Dietary Supplements: Growing interest in herbal medicines and dietary supplements because they are believed to offer more health benefits and fewer side effects than synthetic alternatives. Dried plants are a key factor in the preparation of these products, contributing to their popularity in the pharmaceutical and food industries.

  • Enhanced Food and Beverage: The food and beverage industry use dried plants to enhance culinary experiences. Dried herbs and spices provide concentrated flavor profiles, and floral waters and botanical syrups add a variety of aromas to drinks.

  • DIY and Craft Way: The popularity of DIY projects and crafts is another important motivation. Dried plants offer unlimited possibilities for making wonderful and personalized decorations, jewelry and other handmade items.

  • Demand for Natural Elements is Growing: Consumers are increasingly interested in natural aesthetics and organic products. Dried plants fit perfectly into this trend and offer a way to incorporate the beauty and scent of nature into homes, decor and even food.

Dried Botanicals Market

Share, by end user, (USD Billion)

Analytica Global 2.43 Billion %

Food and Beverages

Pharmaceuticals

Cosmetics and Personal Care

Aromatherapy

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

3.41 Billion

Total Market Size

USD (Billion),

4.28%

CAGR

-

Key Market Trends:

  • Versatility: Customers want products for different purposes. Dried plants find their way into bath products, diffusers, potpourri mixes, and even culinary mixes, blurring the line between function and appearance.

  • Botanical Dyes and Pigments: As interest in natural dyes and pigments grows, dried plant materials are being used to create sustainable and environmentally friendly color solutions in fabrics, crafts and even cosmetics.

  • Growth of E-Commerce: The e-commerce segment of dried vegetables has grown rapidly due to the convenience and larger audience of e-commerce platforms. This trend has been particularly noticeable as consumers have increasingly sought specialty and hard-to-find herbal products that may not be widely available at local retailers.

  • Unique and Exotic Plants: The market is expanding beyond conventional options. Lotus catches, protea flowers and preserved moss are examples of unusual and visually appealing plants that are becoming popular in design and craft.

Key Players:

  • Mountain Rose Herbs

  • Starwest Botanicals

  • Frontier Co-op

  • Naturex (Givaudan)

  • Organic Herb Trading Company

  • Kalsec Inc.

  • Sensient Technologies Corporation

  • International Flavors & Fragrances Inc. (IFF)

  • Nature's Sunshine Products

  • Synthite Industries Ltd.

  • Martin Bauer Group

  • Biomax (Pty) Ltd.

  • Bio-Botanica Inc.

  • Nutra Green Biotechnology Co., Ltd.

  • Xi'an Natural Field Bio-Technique Co., Ltd.

Dried Botanicals Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 22

The Market will Grow

At the CAGR of:

4.28%

The Forecast Market

Size for in USD:

$3.41 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Key Market Segmentation:

By Type:

  • Flowers

  • Leaves

  • Roots

  • Seeds

  • Fruits

  • Bark

  • Others

By Application:

  • Food and Beverages

  • Pharmaceuticals

  • Cosmetics and Personal Care

  • Aromatherapy

  • Nutraceuticals

  • Others

By Region:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa

Key Market Opportunities:

  • Growing Demand for Natural and Organic Products: Growing consumer preference for natural and organic ingredients in food, beverages, cosmetics and pharmaceuticals creates a strong market opportunity for dried plants. These products are in demand for their perceived health benefits and environmental friendliness.

  • Increasing Uses in The Food and Beverage Industry: Dried plants are used in a variety of foods and beverages such as tea, plant extracts, culinary ingredients, and natural flavorings. The trend of healthy food and drinks is increasing their demand in the market.

  • Cosmetics and Hygiene Products are Growing in Popularity: Botanical extracts and dried plant substances are valued in cosmetics and personal care products for their skin care benefits and natural composition. They are included in skin care creams, lotions, shampoos and other products because consumers prefer herbal ingredients.

  • Health and Wellness Trends are Driving Market Growth: Increasing awareness of the health benefits of botanicals, such as antioxidant properties, anti-inflammatory properties and stress-relieving properties, is increasing their use in nutritional supplements and health products. Expansion of Herbal Medicines.

  • Nutritional Products: The herbal medicine and nutritional products industry is growing due to the shift towards preventive treatment and natural products. Dried plant substances play a crucial role as active ingredients in herbal preparations and traditional medicines.

  • Innovative Product Developments and Formulations: Continued research and development in botanical extraction techniques, product formulations and applications open opportunities for innovative products and market differentiation.

  • Global Markets and Export Opportunities: Dried plants from different geographic regions offer opportunities for global market expansion and trade. Regions known for unique plant species benefit from their native plants in export markets.

  • Sustainable Sourcing and Ethical Consumption: Consumer demand for sustainably sourced botanicals and ethical harvesting and production practices presents opportunities for companies that promote ecological practices and certifications.

  • Uses in Aromatherapy and Herbal Medicine: The growing popularity of aromatherapy and herbal medicine is increasing the demand for high quality dried plant materials used in essential oils, plant extracts and therapeutic products.

  • Emerging Markets and Niches: Exploration of emerging markets and niches such as pet care products, natural dyes and botanical household products offers opportunities for market diversification and growth.

Dried Botanicals Market TO (USD BN)

Dried Botanicals Market

CAGR OF

4.28%

Dried Botanicals Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 3.41 Billion %

Key Market Restraints:

  • Supply and Quality Control: Continuous supply of quality dry herb products can be difficult due to weather conditions, pests and environmental considerations. Maintaining quality standards throughout the purchasing process is critical to meeting consumer expectations.

  • Seasonality and Availability: The availability of certain herbal products may vary seasonally, which may result in price volatility and supply chain disruptions. This can be problematic for companies that depend on continuous supply.

  • Price Fluctuations: Fluctuations in supply and demand, as well as external factors such as exchange rates and geopolitical events, can cause price fluctuations in the dry herb market. This can create planning and budgeting difficulties for both buyers and sellers.

  • Product Safety and Contamination Risks: Ensuring the safety of dried plant materials is essential to maintaining consumer confidence and regulatory compliance. Contaminant issues such as microbiological infections, pesticides and heavy metals must be properly addressed in the supply chain.

Recent Development:

February 8, 2024 Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, reported financial results for the fourth quarter ended December 31, 2023.

Frequently Asked Questions (FAQs):

Q.1 What is projected size and market growth of Dried Botanicals Market?

Ans: Dried Botanicals Market size was valued at USD 2.43 Billion in 2023, is projected to reach USD 3.41 Billion by 2032, growing at CAGR of 4.28% from 2024 to 2032.

Q.2 What segments are covered in the Dried Botanicals Market Report?

Ans: Dried Botanicals Market is Segmented on the basis of Type, Application, and Region.

Q.3 What are the top players operating in the Dried Botanicals Market?

Ans: Mountain Rose Herbs, Starwest Botanicals, Frontier Co-op, Naturex (Givaudan), Organic Herb Trading Company, Kalsec Inc., Sensient Technologies Corporation, International Flavors & Fragrances Inc. (IFF), Nature's Sunshine Products, Synthite Industries Ltd., Martin Bauer Group, Biomax (Pty) Ltd., Bio-Botanica Inc., Nutra Green Biotechnology Co., Ltd., Xi'an Natural Field Bio-Technique Co., Ltd.

Dried Botanicals Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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