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Herb & Spice Extracts Market Outlook 2036 with Key Contributions from Givaudan, Kerry Group, McCormick & Company, Sensient Technologies,...
Published 4 days, 10 hours ago
Description
On this episode of BC Food News, Jennifer English discusses the significant growth of the global herb and spice extracts market, expected to rise from a value of 18.5 billion dollars in 2026 to an estimated 25.5 billion dollars by 2036. Factors contributing to this growth include increasing consumer preferences for natural, clean-label ingredients, and awareness of health benefits provided by botanical extracts. Key industry players are implementing advanced extraction methods and pursuing sustainable sourcing to meet rising demand. These extracts are being used extensively not only in the food sector but also in wellness products, pharmaceuticals, and cosmetics. There is considerable interest in lesser-known herbs with unique benefits, and blends of extracts for optimal flavor and cost balance are emerging. Looking forward, the market will likely continue growing, with companies focusing on innovation, resilience, and sustainability.
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