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The Botanical Extracts Market is expected to reach $10.1 billion by 2028, at a CAGR of 9.2% during the forecast period of 2021 to 2028. Over the decade, popularity of botanical products has been increased significantly worldwide. This in turn accelerated the global trade for various sources of botanical extracts and their products. The extract of natural herbs has been used in various formulations like ayurvedic medicines, natural flavouring agents, cosmetic ingredients, and as natural ingredients in allopathic medicines which created high scope for the Afro-Asian as well as Latin American countries, which are the major suppliers of herbal raw materials in the world. Medicinal herbs are widely used as diet supplements, and treating illness like valerian. Demand for herbal extract is registering steady growth, particularly in pharmaceutical and cosmetic applications. A growing concern for health, rising ageing population, growing dietary supplement industry, and the threat of antimicrobial resistance are the major factors driving the demand for natural ingredients in pharmaceutical and cosmetic industry.

Here are the top 10 companies operating in Botanical Extracts Market

Frutarom Industries Ltd.

Frutarom Industries Ltd. was founded in 1933 and is headquartered at Manofim St. Herzeliya, Israel. Frutarom Industries Ltd. is engaged in food & beverage solutions, health and natural solutions, and flavor & fragrance ingredients. The company operates through Flavours, Fine Ingredients, and Trade and Marketing segments. The flavours segment provides sweet and savory flavour solutions, seasonings, and food systems. The fine ingredients segment offers natural flavour extracts, functional food ingredients, pharma/nutraceutical extracts, and algae based biotechnical products, aroma chemicals specialty essential oils, citrus products, natural gums, and stabilizers.

The company creates, develops, manufactures and markets an extensive variety of high quality flavours and fine ingredients for customers in the food, beverage, functional food, flavour, fragrance, pharmaceutical, nutraceutical, and cosmetic industries worldwide. The trade and marketing segment engaged in trading and marketing of raw materials produced by third parties. The company markets and sells over 31,000 products to more than 15,500 customers in 145 countries, and has 41 R&D labs and 79 sales and marketing offices throughout the world. Also, the company has 34 production facilities in Europe, North America, Israel, and Asia.

The company has its geographic presence in Europe, North America, Israel, and Asia.

Blue Sky Botanics Ltd.

Blue Sky Botanics Ltd. was founded in 2005 and is headquartered at Herefordshire, U.K.; Blue Sky Botanics Ltd. is a manufacturer and suppliers of botanical extracts. The company operates through Health & Beauty, Food & Beverage, and Herbal Supplement Industries segment. The company is using various herbs, flowers, fruits, vegetables, and seaweeds to manufacture a vast range of natural extracts, flavours, and juices & infusions. The company has its geographic presence in Europe.

Ransom Naturals Ltd.

Ransom Naturals Ltd. was founded in 1846 and is headquartered at Hertfordshire, U.K.; Ransom Naturals Ltd. is a developer and manufacturer of botanical extracts and natural products for the pharmaceutical, healthcare, personal care, and food & beverage industries.

The range of products provided by the company includes active pharmaceutical ingredients (APIs), excipients, and plant extracts which deliver flavour and functionality in food and beverages. The company is engaged in contract manufacturing of licensed pharmaceutical liquids and creams for third parties; and botanical extracts for sale to third parties, primarily used as active pharmaceutical ingredients by pharmaceutical companies or as nutraceutical ingredients by food and drink manufacturers. The company operates through pharmaceutical, healthcare, cosmetic, and food & drink industries segment. The company offers products in the areas of joint care, digestive care, mental health, oral care, skin care, and baby care.

The company also exports its products worldwide through a network of agents and distributors. Ransom Naturals Ltd. operates as a subsidiary of William Ransom & Son Holdings Plc. and has a geographical presence in Europe.

Prinova Group LLC.

Prinova Group LLC. was founded in 1978 and is headquartered at Carol Stream, U.S.; Prinova Group LLC. manufactures flavour for the food industry and supply high quality ingredients, flavours, and value-added nutrient fortification products to the global food, feed, and wellness industries.

The company operates through the Food & Beverages, Flavour, Nutrition, Fragrance, Botanical & Veterinary, and Pharmaceutical industries. Prinova Group LLC was formerly known as Premium Ingredients International Holdings, LLC and changed its name to Prinova Group LLC in July 2011. The company has its geographic presence in North America and Europe.

PT. Indesso Aroma

PT. Indesso Aroma was founded in 1968 and is headquartered at Jakarta, Indonesia. PT. Indesso Aroma is engaged in sales and marketing, product development, manufacture and supply of food, flavour, and fragrance ingredients. The company provides value-added ingredients through innovation, efficiency, and sustainable business practices. The company is a manufacturer of flavour and fragrance ingredients; and supplier of clove leaf oil, and a key manufacturer for essential oils and aroma chemicals.

The company operates in two segments namely Aroma Ingredients, and Food Ingredients. The Aroma Ingredients segment offer aroma essences, essential oils, and aroma chemicals; whereas, the Food Ingredients segment offers various botanical extracts, seasonings, sweetener blends, and thermal processed products. The company has its geographic presence in Indonesia and Malaysia.

A report into the projected growth of the current Botanical Extracts Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of  9.2%, reaching over $10.06 billion.

Synergy Flavors, Inc.

Synergy Flavors, Inc. was founded in 1886 and is headquartered at Wauconda, Illinois, U.S.; The Company is a manufacturer and supplier of beverages, fruit flavourings, botanical extracts, and essences for the food and beverages industry worldwide. The company operates through the following segments; Flavours, Extracts, and Essences for the food and beverage industry worldwide. The company also offers products for application in nutritional, dairy, bakery, confectionery, and savory products, as well as beverages.

Synergy Flavors, Inc. operates as a subsidiary of Carbery Group Ltd. The company has its geographic presence in North and South America, Europe, and Asia-Pacific.

Haldin Pacific Semesta, PT

Haldin Pacific Semesta, PT was founded in 1987 and is headquartered at Bekasi, Indonesia. The company is engaged in R&D, manufacturing, and supply and marketing of natural ingredients. The company is a global supplier of essence, liquid extract, and high-quality agglomeration spray dried products, with an annual capacity of more than 15,000 tons. The company serves its products for food and beverages, flavour, fragrance, health food, pharmaceutical, and cosmetic industries. Haldin Pacific Semesta, PT supply natural ingredients in eight key products group: Tea and coffee, functional ingredient, cosmetic and care ingredient, essential oil, vanilla and cocoa, natural sweetener, seasoning ingredient, and fruits & vegetables.

The company has four manufacturing sites in Indonesia. Haldin Pacific Semesta, PT was established as an importer of Indonesian Vanilla to customers in North America, and later expanded its product line to meet their diverse demands.

Kalsec, Inc.

Kalsec, Inc. was founded in 1958 and is headquartered at Kalamazoo, Michigan, U.S.; Kalsec, Inc. is engaged in producing and marketing of natural herbs and spices for food manufacturers. The company develops natural spice and herb extracts, colors, antioxidants, advanced hop products, dry products, and nutritional ingredients for the manufacturing of food, beverages, and nutritional and pharmaceutical products. The company produces natural colors, natural flavour extracts, antioxidants, hop extracts, and nutritional ingredients for the food, beverage, and pharmaceutical industries in the United States and internationally. Kalsec, Inc. specializes in the cultivation, harvest, dehydration, and extraction of paprika, rosemary, carrot, and specialty herbs and spices. Its products are used in baked goods, cereals, snacks, beverages, confectionery items, dairy products, fats and oils, meat, poultry, seafood, seasoning blends, soups, dressings, sauces, and pet foods.

The company’s expertise and resources encompass a full line of natural, innovative products and solutions to meet the challenges faced by food and beverage manufacturers throughout the industry and around the world.

The company has a network of agents as well as an applications laboratory in Kuala Lumpur, Malaysia to meet the growing demands of this emerging market. Kalsec Inc. was formerly known as Kalamazoo Spice Extraction Company. The company has its geographic presence in North America, Europe, and Asia-Pacific.

Synthite Industries Ltd.

Synthite Industries Ltd. was founded in 1972, and is headquartered at Kolenchery, Kerala, India. Synthite Industries Ltd. manufactures and exports spice oleoresins and essential oils. The company also offers business services such as product development, process development, application solutions, analytical solutions, sensory solutions, toll manufacturing, and solution finder. The company provides a wide range of spice products, including oleoresins, essential oils, natural food colors, health ingredients, herb extracts, organic extracts, fair trade extracts, floral concretes, absolutes, and spices.

The company serves its products for processed meats, savories, beverages, baked goods, sweets, confectionery products, dairy products, pickles, masalas, sauces, ketchup, seasonings, and dips for the food processing industry. The company is a leading producer of value added spices and has its geographic presence in North America, Latin America, and Asia-Pacific.

Popular Mentions: Döhler GmbH, BI Nutraceuticals, Inc., Nutra Green Biotechnology Co., Ltd., Kuber Impex Ltd., and MB-Holding GmbH & Co. Kg

Authoritative Research on the Botanical Extracts Market – Global Opportunity Analysis and Industry Forecast (2021-2028)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

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