The global Cosmetic Botanical Extracts Market Growth Accelerated by Increasing Demand for Natural Ingredients

 


Cosmetic botanical extracts have benefits like moisturizing and anti-aging in cosmetic products. They also help improve the texture and appearance of skin. The growing popularity of natural and organic cosmetic products is fueling the demand for botanical extracts from plants like aloe vera, chamomile, ginseng, and hibiscus.

The global Cosmetic Botanical Extracts Market is estimated to be valued at US$ 2.72 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand for natural ingredients is one of the key trends driving the growth of the cosmetic botanical extracts market size. Consumers are increasingly looking for cosmetic products containing organic and natural ingredients due to rising health concerns regarding the use of synthetic chemicals in cosmetics. Botanical extracts obtained from plants offer similar benefits as chemical ingredients but are considered safer as they are natural. This is causing cosmetic manufacturers to increase the use of botanical extracts in products. Furthermore, rising awareness about the anti-aging and moisturizing properties of plant extracts is also fueling consumer demand for cosmetics containing botanical extracts.


Segment Analysis
The global cosmetic botanical extracts market is dominated by the herbs & plants sub-segment. The herbs & plants extracts segment held more than 40% of the overall market share in 2024 owing to high consumer preference for plant-derived ingredients in skincare and haircare products. The extracts derived from various herbs and plants offer diverse functional and cosmetic benefits. Plant extracts such as aloe vera, chamomile, and green tea extracts are popular choices amongst consumers and brands for their moisturizing, anti-aging, and antioxidant properties.

Key Takeaways

The global cosmetic botanical extracts market is expected to witness high growth over the forecast period of 2024 to 2031. The increasing demand for naturals and botanical ingredients in cosmetic products due to rising consumer awareness about harmful synthetic chemicals is expected to drive the market. The global Cosmetic Botanical Extracts Market is estimated to be valued at US$ 2.72 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031.

Regional analysis
Europe accounted for the largest share of the global cosmetic botanical extracts market in 2024 due to stringent regulations prohibiting the use of harsh chemicals in personal care products. The European Cosmetic Directive mandated the use of natural ingredients derived from plants and herbs in beauty products. Germany, UK, France, Italy and Spain are among the major markets in Europe.

Key players
Key players operating in the cosmetic botanical extracts market are Sanofi SA, Pfizer Inc., Novavax Inc., Merck & Co. Inc., Johnson & Johnson, GlaxoSmithKline PLC, Daiichi Sankyo Co. Ltd., Emergent BioSolutions Inc., AstraZeneca, and Takeda Pharmaceutical Company Limited, among others.

Get more insights on this topic: https://www.newsstatix.com/cosmetic-botanical-extracts-market-share-and-opportunity-analysis/

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