The Liquid Botanical Extracts market is expected to grow at a CAGR of 9.1% from 2022 to 2029 to reach USD 5.25 billion by 2029. The growth of the liquid botanical extracts market is mainly attributed to the rising demand for liquid botanical extracts in cosmetic applications, growing demand for ready-to-use botanical extracts, increasing health and wellness trends with consumption of natural health products, and increasing awareness regarding the benefits of herbal products over synthetic products. However, the availability of substitute products is expected to hinder the growth of this market to some extent.
Here are the Top 10 Companies in Liquid Botanical Extracts Market
International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. creates, manufactures, and supplies flavors, fragrances, and cosmetic actives to the food & beverage, personal care, and household products industries. The company mainly operates through its Taste and Scent segments. The taste segment products are offered to the food and beverage industries for use in consumer products such as prepared food, beverages, dairy, and sweet products. The scent segment comprises fragrance compounds, fragrance ingredients, and cosmetic active ingredients. International Flavors & Fragrances Inc. provides authentic, natural, and botanical extracts for various applications in the form of infusions/tinctures, distillates, hydroalcoholic extracts, oils, absolutes, and CO2.
With more than 110 manufacturing facilities, 100 R&D centers, and 33,000 customers worldwide, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Kerry Group PLC
Kerry Group is involved in R&D, manufacturing, innovating, and marketing a wide range of nutritional food products. The company operates through two business segments: Taste & Nutrition and Consumer Foods. The company operates in the botanical extracts market through its Taste and Nutrition segment. Kerry Group PLC has more than 120 intense and true-to-taste botanical extracts in the form of liquid, powder, and paste. The company’s botanicals range is often used in beverage applications and sweet and savory food. The company’s botanical extracts are produced in its centers located in Mozzo, Italy; Grasse, France; Clark, New Jersey; and the U.S.
With technology, innovation centers, and a manufacturing network in more than 150 locations globally, the company has a geographic presence across Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa.
Kalsec is engaged in the production and marketing of natural herbs and spices for food manufacturers. The company produces natural colors, natural flavor extracts, antioxidants, hop extracts, and nutritional ingredients for the food & beverage and pharmaceutical industries across the globe. Kalsec, Inc. specializes in the cultivation, harvest, dehydration, and extraction of paprika, rosemary, carrot, and specialty herbs and spices. The company’s 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 food. The company also offers a line of expeller pressed spice and herb extracts, which have excellent microbial stability, and come in a convenient liquid form.
The company has a network of agents and an applications laboratory in Kuala Lumpur, Malaysia, to meet the growing demands of this emerging market. The company has its geographic presence in North America, Europe, and Asia-Pacific.
PT. Indesso Aroma
PT. Indesso Aroma is one of the key manufacturers in the food, flavor, and fragrance ingredients sectors. The company provides value-added ingredients through innovation, efficiency, and sustainable business practices. The company operates through two segments: Aroma Ingredients and Food Ingredients. The Aroma Ingredients segment offers aroma essences, essential oils, and aroma chemicals, and the Food Ingredients segment offers various botanical extracts, seasonings, savory ingredients, cheese powder, fruit juice powder, spice oleoresin oil, and thermally processed products.In addition, PT. Indesso Aroma partnered with several world-leading companies to develop and offer a complete selection of products for clients. These partnerships cover distribution rights of the company’s Firmenich flavor and fragrance, Nexira hydrocolloid, PureCircle natural sweeteners, Christian Hansen natural colors, Ballantyne cheese powders, Martin Bauer natural extracts, Dohler juices and purees, and Tastecraft syrups.
The company has a geographical presence across Asia-Pacific, Europe, and North America.
Bell Flavors & Fragrances
Bell Flavors & Fragrances is engaged in the manufacturing of flavors, fragrances, botanicals, and ingredients for the food, beverage, cosmetics, personal care, and household care companies worldwide. Bell Flavors & Fragrances shares its extensive expertise in botanical extracts and offers a diverse range of products that aim to create advantages for various segments in personal and home care and food and beverage products. The company offers its wide range of botanical extracts through its Belltanicals brand, which includes botanical extracts, essential infusions, allnatural essential oil blends, certified organic extracts, and NOP-certified organic essential oil blends for personal use and home care and food-grade products.
With strategic production sites and creative centers in Germany, the U.S., Canada, Mexico, China, Brazil, and Singapore, the company has a geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East.
Meticulous Research in its latest publication on Liquid Botanical Extracts Market has predicted the growth of 9.1% during the forecast year 2022–2029.
Synergy Flavors, Inc.
Synergy Flavors manufactures and supplies flavors, extracts, and essences for the food & beverage industry. The company operates through three business segments: Flavours, Extracts, and Essence. The company creates the finest flavors for a multitude of market applications, including bakery, confection, dairy, and beverages ranging from coffee, tea, and juices to alcohol and protein sports drinks.
The company’s botanical and herbal extracts are available in liquid form.
Synergy Flavors, Inc. operates as a subsidiary of Carbery Group Ltd. The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its headquarters in the U.S. and the U.K.
Martin Bauer Group
Martin Bauer Group develops herbal products for the food, tea, phytopharmaceutical, and animal nutrition industries. The company offers herbal and fruit infusions, medicinal teas, flavored black and green teas, botanicals, herbal powders, herbal fruit and tea extracts, decaffeinated teas, tea flavors, phytopharmaceutical ingredients, and nutritional supplements. Martin Bauer Group also provides health ingredients, essential & aromatic oils, functional food, medicinal plants, and enzymes.
The company’s portfolio includes around 200 raw materials sourced from over 80 countries and a storage capacity of around 40,000 tons.
With over 20 sales and production locations, the company has a geographic presence across North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.
Synthite Industries Ltd.
Synthite Industries manufactures and exports spice oleoresins and essential oils. The company also offers business services, such as product development, process development, and sensory solutions. The company provides a wide range of products, including oleoresins, essential oils, natural food colors, health ingredients, herb extracts, organic extracts, fair trade extracts, floral concretes, absolutes, and spices.
Synthite Industries Ltd. has a portfolio of over 500 products that focuses on plant-derived ingredients for flavor and fragrance solutions. Also, the company provides its products for processed meats, savories, beverages, baked goods, sweets, confectionery products, dairy products, pickles, spices, sauces, ketchup, seasonings, and dips.
With offices in India, the U.S., China, and clients in approximately 70 countries, the company has its geographic presence in North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Ransom Naturals Ltd.
Ransom Naturals Ltd. develops and manufactures botanical extracts and natural products for the pharmaceutical, healthcare, cosmetics, and food & beverage industries. The company mainly operates through three business segments: Pharmaceutical and Healthcare, Food & Beverage, and New Product Development & Regulatory Support. The company develops and manufactures botanical extracts, many as Active Pharmaceutical Ingredients (APIs), from a wide range of plant materials, with extracts mainly presented in liquid form. Ransom Naturals Ltd. is also engaged in contract manufacturing licensed pharmaceutical liquids and creams and botanical extracts for third parties. These products are primarily used as active pharmaceutical ingredients by pharmaceutical companies or as nutraceutical ingredients by food and drink manufacturers. Additionally, the company offers products for joint care, digestive care, mental health, oral care, skincare, and baby care.
Ransom Naturals Ltd. exports its products worldwide through a network of agents and distributors, including Ali Abdulwahab Al Mutawa Commercial Co (Kuwait), IMCoPharma a.s. (Czech Republic), Invita Australia Pty Ltd (Australia), Invita NZ (New Zealand), Kemimac (s) Pte. Ltd. (Singapore), NEGM Medical Co LTD (Egypt), Pharmaceutical Enterprises (Pty) Ltd (South Africa), Pharmalife LTD (Israel), Transo-Pharm (Hong Kong), Vendeis (France), and Virgo Chemicals LTD (Nigeria).
In addition, Ransom Naturals Ltd. operates as a subsidiary of William Ransom & Son Holdings Plc and has a geographical presence across North America, Europe, Asia-Pacific, and the Middle East & Africa.
Kuber Impex Ltd.
Kuber Impex Ltd. is engaged in research, manufacturing, and exporting nutraceutical products from India. The company focuses on exports, imports, and processing of natural herbs, Indian cooking spices (whole, ground & blended), medicinal plants & crude herbs, herbal extracts, and related natural products. The company also offers nearly 600 finest grade Indian botanicals and many more from other parts of the continent.
The company has its geographic presence in North America, Asia-Pacific, the Middle East, and Europe.
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