Vegetable Extract Market
PUBLISHED: 2025 ID: SMRC28479
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Vegetable Extract Market

Vegetable Extract Market Forecasts to 2030 - Global Analysis By Product Type (Natural, Concentrated, Powdered, Liquid, Essential Oils and Other Product Types), Source, Form, Extraction Method, Functionality, Application and By Geography

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4.3 (24 reviews)
Published: 2025 ID: SMRC28479

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Vegetable Extract Market is accounted for $2.3 billion in 2024 and is expected to reach $4.1 billion by 2030 growing at a CAGR of 10.2% during the forecast period. A vegetable extract is a concentrated form of natural substances derived from plants, typically through processes like boiling, steaming, or solvent extraction. These extracts retain the active compounds, nutrients, and flavors of the original vegetables, often used in food, beverages, cosmetics, and medicinal products. They can offer benefits such as enhancing taste, providing vitamins, antioxidants, and promoting health. Common examples include tomato extract, spinach extract, and carrot extract, each known for their unique properties and nutritional value.
 
According to a publication by MDPI, Squeeze pouch foods first appeared on the commercial infant and toddler food segment in 2008, and they accounted for a quarter of all baby food sales in the U.S. in 2015.

Market Dynamics: 

Driver: 

Growing demand for natural and organic products

The growing demand for natural and organic products is significantly driving the market. Consumers are increasingly seeking plant-based, chemical-free options due to concerns about health, sustainability, and environmental impact. This shift is fueling the popularity of vegetable extracts in food, beverages, cosmetics, and pharmaceuticals, as they offer natural, nutrient-rich alternatives. The trend toward organic and clean-label products is expected to continue boosting market growth in the coming years.

Restraint:

Seasonality of raw material availability

The seasonality of raw material availability poses a significant challenge in the market. Fluctuations in harvest periods and weather conditions can lead to inconsistent supply, affecting production schedules and prices. This unpredictability may result in supply shortages or increased costs, impacting manufacturers' ability to meet demand. Additionally, limited availability of certain vegetables during off-seasons can hinder the production of specific extracts, disrupting the market and leading to potential product shortages.

Opportunity:

Rising disposable incomes and changing lifestyles

Rising disposable incomes and changing lifestyles are fueling the growth of the market. As consumers gain more purchasing power, they are increasingly opting for premium, health-conscious products, including natural vegetable extracts. Busy modern lifestyles also drive demand for convenient, ready-to-use extracts in food and beverages. This shift towards healthier, more convenient options is propelling market expansion, with individuals prioritizing wellness and quality in their purchasing decisions.

Threat:

Lack of standardization in quality and purity

The lack of standardization in quality and purity within the market can undermine consumer trust and product consistency. Variations in extraction methods, raw material quality, and processing techniques may result in extracts with differing potency, purity, and effectiveness. This inconsistency can lead to subpar products, potential health risks, and regulatory challenges. Without clear standards, it becomes difficult for consumers to ensure the safety and efficacy of vegetable extracts.

Covid-19 Impact: 

The COVID-19 pandemic had a mixed impact on the market. While there was an increased demand for health-related products, including natural extracts for immunity support, supply chain disruptions and raw material shortages hindered production. Lockdowns and labor shortages also delayed manufacturing and distribution. Despite these challenges, the shift towards health-conscious consumer behavior and growing interest in natural ingredients helped sustain the long-term growth potential of the market.

The root-based segment is expected to be the largest during the forecast period

The root-based segment is expected to account for the largest market share during the forecast period due to their rich nutritional profile and health benefits. Extracts from roots like ginger, turmeric, and ginseng are known for their antioxidant, anti-inflammatory, and immune-boosting properties. These extracts are widely used in dietary supplements, food, and beverages, as well as in skincare products. Their natural healing attributes and versatility contribute to their growing demand among health-conscious consumers.

The flavoring agents segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the flavoring agents segment is predicted to witness the highest growth rate. These natural extracts, such as tomato, onion, and garlic, offer rich, authentic flavors without artificial additives. As consumers increasingly seek clean-label products, the demand for vegetable-based flavoring agents is rising. They provide healthier alternatives to synthetic flavorings, meeting consumer preferences for natural, nutritious, and preservative-free options in various culinary applications.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share driven by the increasing demand for natural and organic ingredients in food, beverages, and personal care products. Consumer preferences for health-conscious, clean-label options are propelling the market forward. Additionally, the rising awareness of the benefits of plant-based and functional ingredients is fostering innovation. Key players in the region are focusing on sustainability and quality to meet these evolving consumer demands.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The rise in vegetarian, vegan, and flexitarian diets across the region is boosting the demand for vegetable-based products and extracts. Additionally, with growing awareness of the potential side effects of synthetic additives, there is a shift toward clean label products that feature natural ingredients, including vegetable extracts. This trend is particularly prominent in food and beverage industries.

Key players in the market

Some of the key players in Vegetable Extract market include Cargill, Incorporated, Archer Daniels Midland Company (ADM), Kerry Group, Bionap S.R.L., Symrise AG, DSM Nutritional Products, Sensient Technologies Corporation, Ingredion Incorporated, Tate & Lyle, Indena S.p.A., Novozymes A/S, Botanic Healthcare, The Green Labs LLC, Stepan Company and BASF SE.

Key Developments:

In November 2024, Kerry has entered into an agreement with Kerry Co-Operative Creameries Limited to sell its dairy business to the co-op, for an expected total of 500 million Euros.

In October 2024, Dsm-Firmenich, innovators in nutrition, health and beauty, today announces the completion of the sale of its yeast extract business to Lesaffre, a global player in fermentation and microorganisms.

Product Types Covered:
• Natural
• Concentrated
• Powdered
• Liquid
• Essential Oils
• Other Product Types

Sources Covered:
• Leaf-Based
• Root-Based
• Fruit-Based

Forms Covered:
• Fresh 
• Frozen 
• Dried 
• Juice 
• Capsules

Extraction Methods Covered:
• Solvent 
• Cold Press
• Steam Distillation
• Ultrasonic 
• Fermentation 

 Functionalities Covered:
• Flavoring Agents
• Colorants
• Preservatives
• Functional Ingredients
• Texturizing Agents

Applications Covered:
• Food & Beverages
• Pharmaceuticals
• Cosmetics & Personal Care
• Animal Feed
• Dietary Supplements
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          

 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Vegetable Extract Market, By Product Type      
 5.1 Introduction        
 5.2 Natural         
 5.3 Concentrated        
 5.4 Powdered        
 5.5 Liquid         
 5.6 Essential Oils        
 5.7 Other Product Types       
           
6 Global Vegetable Extract Market, By Source      
 6.1 Introduction        
 6.2 Leaf-Based        
 6.3 Root-Based        
 6.4 Fruit-Based        
           
7 Global Vegetable Extract Market, By Form      
 7.1 Introduction        
 7.2 Fresh          
 7.3 Frozen          
 7.4 Dried          
 7.5 Juice          
 7.6 Capsules         
           
8 Global Vegetable Extract Market, By Extraction Method     
 8.1 Introduction        
 8.2 Solvent          
 8.3 Cold Press        
 8.4 Steam Distillation        
 8.5 Ultrasonic         
 8.6 Fermentation         
           
9 Global Vegetable Extract Market, By Functionality      
 9.1 Introduction        
 9.2 Flavoring Agents        
 9.3 Colorants         
 9.4 Preservatives        
 9.5 Functional Ingredients       
 9.6 Texturizing Agents        
           
10 Global Vegetable Extract Market, By Application      
 10.1 Introduction        
 10.2 Food & Beverages        
 10.3 Pharmaceuticals        
 10.4 Cosmetics & Personal Care       
 10.5 Animal Feed        
 10.6 Dietary Supplements       
 10.7 Other Applications        
           
11 Global Vegetable Extract Market, By Geography      
 11.1 Introduction        
 11.2 North America        
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia       
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa      
           
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions        
 12.5 Other Key Strategies       
           
13 Company Profiling         
 13.1 Cargill, Incorporated       
 13.2 Archer Daniels Midland Company (ADM)      
 13.3 Kerry Group        
 13.4 Bionap S.R.L.        
 13.5 Symrise AG        
 13.6 DSM Nutritional Products       
 13.7 Sensient Technologies Corporation      
 13.8 Ingredion Incorporated       
 13.9 Tate & Lyle        
 13.10 Indena S.p.A.        
 13.11 Novozymes A/S        
 13.12 Botanic Healthcare        
 13.13 The Green Labs LLC        
 13.14 Stepan Company        
 13.15 BASF SE         
           
List of Tables          
1 Global Vegetable Extract Market Outlook, By Region (2022-2030) ($MN)    
2 Global Vegetable Extract Market Outlook, By Product Type (2022-2030) ($MN)   
3 Global Vegetable Extract Market Outlook, By Natural (2022-2030) ($MN)    
4 Global Vegetable Extract Market Outlook, By Concentrated (2022-2030) ($MN)   
5 Global Vegetable Extract Market Outlook, By Powdered (2022-2030) ($MN)   
6 Global Vegetable Extract Market Outlook, By Liquid (2022-2030) ($MN)    
7 Global Vegetable Extract Market Outlook, By Essential Oils (2022-2030) ($MN)   
8 Global Vegetable Extract Market Outlook, By Other Product Types (2022-2030) ($MN)  
9 Global Vegetable Extract Market Outlook, By Source (2022-2030) ($MN)    
10 Global Vegetable Extract Market Outlook, By Leaf-Based (2022-2030) ($MN)   
11 Global Vegetable Extract Market Outlook, By Root-Based (2022-2030) ($MN)   
12 Global Vegetable Extract Market Outlook, By Fruit-Based (2022-2030) ($MN)   
13 Global Vegetable Extract Market Outlook, By Form (2022-2030) ($MN)    
14 Global Vegetable Extract Market Outlook, By Fresh  (2022-2030) ($MN)    
15 Global Vegetable Extract Market Outlook, By Frozen  (2022-2030) ($MN)    
16 Global Vegetable Extract Market Outlook, By Dried  (2022-2030) ($MN)    
17 Global Vegetable Extract Market Outlook, By Juice  (2022-2030) ($MN)    
18 Global Vegetable Extract Market Outlook, By Capsules (2022-2030) ($MN)   
19 Global Vegetable Extract Market Outlook, By Extraction Method (2022-2030) ($MN)   
20 Global Vegetable Extract Market Outlook, By Solvent  (2022-2030) ($MN)    
21 Global Vegetable Extract Market Outlook, By Cold Press (2022-2030) ($MN)   
22 Global Vegetable Extract Market Outlook, By Steam Distillation (2022-2030) ($MN)   
23 Global Vegetable Extract Market Outlook, By Ultrasonic  (2022-2030) ($MN)   
24 Global Vegetable Extract Market Outlook, By Fermentation  (2022-2030) ($MN)   
25 Global Vegetable Extract Market Outlook, By Functionality (2022-2030) ($MN)   
26 Global Vegetable Extract Market Outlook, By Flavoring Agents (2022-2030) ($MN)   
27 Global Vegetable Extract Market Outlook, By Colorants (2022-2030) ($MN)   
28 Global Vegetable Extract Market Outlook, By Preservatives (2022-2030) ($MN)   
29 Global Vegetable Extract Market Outlook, By Functional Ingredients (2022-2030) ($MN)  
30 Global Vegetable Extract Market Outlook, By Texturizing Agents (2022-2030) ($MN)  
31 Global Vegetable Extract Market Outlook, By Application (2022-2030) ($MN)   
32 Global Vegetable Extract Market Outlook, By Food & Beverages (2022-2030) ($MN)   
33 Global Vegetable Extract Market Outlook, By Pharmaceuticals (2022-2030) ($MN)   
34 Global Vegetable Extract Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)  
35 Global Vegetable Extract Market Outlook, By Animal Feed (2022-2030) ($MN)   
36 Global Vegetable Extract Market Outlook, By Dietary Supplements (2022-2030) ($MN)  
37 Global Vegetable Extract Market Outlook, By Other Applications (2022-2030) ($MN)  
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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