Natural Extracts Market Share

APAC Market Statistics

Asia Pacific industry is estimated to hold largest revenue share of 30% by 2037. The region is growing due to the high consumer demand for healthy products, urbanization, and income growth. The urban population is poised to grow by 1.2 billion people worldwide and over 2.2 billion people live in Asia.

The market is flourishing in India due to increasing consumer awareness and disposable income. The personal care and hygiene industry in India is estimated to garner a market volume of USD 17.34 billion by 2026.

The market is growing in China due to the rising demand for natural extracts from the pharmaceutical and cosmetic industries. As per Euromonitor International’s latest insights, china accounted for USD 88 billion in terms of sales of beauty and personal care in the year 2021.

North American Market Analysis

Natural Extracts Market size for North American region is expected to grow substantially till 2037, owing to the increasing popularity of natural extracts and the presence of top key players in this region.

Finlays is one of the industry–leading suppliers of healthy beverages and aims to grow sustainably by manufacturing and supplying tea, coffee, and natural extracts to beverage brand owners present worldwide for building a healthy world.

The market is growing in the United States due to the flourishing pharmaceutical sector and various pharmaceutical companies are present in the US that manufacture products using natural extracts. Data obtained from research nester’s recent survey shows that the pharmaceutical sector is expected to generate a market volume of USD 636 billion in 2024.

Food & Beverage industry’s significant growth in Canada is responsible for the expansion of the market. Canada has nearly 8,500 food and beverage processing business of which most of them are small businesses.