MarketSegmentation
By Product
Type:
Powdered Extract (60% market share in 2023)
Liquid Extract (40% market share in 2023)
By Application:
Health Products (50%)
Cosmetics (30%)
Medicine (15%)
Others (5%)
Market Value
2023 Market Size: USD 92 million
Projected 2032 Market Size: USD
140.29 million CAGR (2023–2032): 4.80%
Market Opportunities
Rising Demand for Natural Pr preference for natural and pla supplements, skincare, and f
Functional Foods Growth: Inc foods that offer health benefit
Pharmaceutical Applications: inflammatory and antiviral dr
Clean Beauty Trends: Opport personal care sector due to an properties.
Sample Report
Key Players/Stakeholders
Major Companies Leading the Industry: Herbal Terra LLC Nanjing
Sample Report
Regional Analysis
North America: Estimated market size of USD 5,134.84 million in 2023, with a CAGR of 3.69% from 2025 to 2032.
Europe: Growth driven by stringent energy efficiency regulations.
Asia-Pacific: Promising growth opportunities due to urbanization and infrastructure development.
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
