Global Botanical Extracts Market Size, Share, Business Environment Analysis By Source (Spices, Herbs, Flowers, Leaves, Others), By Product Type (Organic, Conventional), By Form (Powder, Liquid, Leaf extracts), By Technology (CO2 Extraction, Solvent Extraction, Steam Distillation, Enfleurage, Others), By Application (Food and Beverages, Pharmaceutical and Nutraceutical, Cosmetics, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2024-2033

Report Overview

The Global Botanical Extracts Market size is expected to be worth around USD 15.0 Bn by 2033, from USD 6.1 Bn in 2023, growing at a CAGR of 9.4% during the forecast period from 2024 to 2033.

Botanical extracts refer to concentrated substances derived from various plant materials, such as leaves, flowers, roots, bark, or seeds, through processes like distillation, pressing, or solvent extraction. These extracts contain the active compounds of the plant, offering a range of bioactive properties that can be used in various industries like pharmaceuticals, cosmetics, food and beverages, and nutraceuticals.

Botanical extracts are valued for their natural and therapeutic qualities, and are often used for their antioxidant, anti-inflammatory, antimicrobial, or skin-soothing properties.

Botanical extracts are used extensively for flavoring, coloring, and fortifying products. For example, flavor and fragrance extracts accounted for a major share of the botanical extracts market in 2023, valued at around USD 8.5 billion. According to FAO (Food and Agriculture Organization), global demand for plant-based flavors and colorants has been growing by 6-7% annually as more consumers opt for natural and organic food items.

In 2023, the demand for plant-based extracts in the personal care sector was valued at approximately USD 6.3 billion. Popular extracts such as aloe vera, tea tree, and rosehip are integral in skincare products due to their anti-inflammatory and healing properties. The International Trade Centre (ITC) reported a 5.3% increase in the export of natural cosmetics from 2022 to 2023.

Botanical extracts are increasingly used in nutraceuticals for their health benefits. In 2023, the market for these applications was valued at around USD 4.7 billion, with projections showing steady growth of 4-5% CAGR over the next five years. Regulatory agencies like FDA (Food and Drug Administration) in the U.S. and EMA (European Medicines Agency) have been tightening regulations on botanical-based health supplements, aiming for higher safety standards.

The U.S. Department of Agriculture (USDA) granted USD 12 million in funding for botanical extract research in 2023, with a focus on expanding the use of native U.S. plants for medicinal and cosmetic applications.

The export of botanical extracts from developing countries, especially India, China, and Mexico, has been growing rapidly. In 2023, India exported USD 1.2 billion worth of herbal and botanical extracts, marking a 10% increase over 2022.

China, being one of the largest producers of botanical extracts, exported USD 3.5 billion in 2023, contributing significantly to global supply chains. The Global Trade Atlas indicates that global trade in botanical extracts is expected to continue growing by 6% annually through 2025.

In 2023, major players in the botanical extracts market like DSM and Givaudan invested significantly in R&D, with USD 50 million spent on improving extraction technologies and developing new botanical-based ingredients for health and wellness products. Givaudan announced a partnership with Indena S.p.A. in 2023 to advance plant-based extracts for the beauty and wellness sector, with a focus on sustainability and eco-friendly sourcing methods.

In 2024, IFF (International Flavors & Fragrances Inc.) acquired Frutarom Health, a global leader in botanical extracts, for around USD 7.2 billion. This acquisition strengthens IFF’s position in the natural extracts market, especially in functional food and beverages.

Key Takeaways

• Botanical Extracts Market size is expected to be worth around USD 15.0 Bn by 2033, from USD 6.1 Bn in 2023, growing at a CAGR of 9.4%.
• Spices held a dominant market position, capturing more than a 38.3% share of the global botanical extracts market.
• Conventional held a dominant market position, capturing more than a 74.5% share of the global botanical extracts market.
• saw powder form extracts leading with a substantial market share, capturing more than 56.2%.
• Steam Distillation held a dominant market position, capturing more than a 46.5% share of the global botanical extracts market.
• Food & Beverages held a dominant market position, capturing more than a 48.5% share of the global botanical extracts market.
• Asia Pacific (APAC) region dominated the global botanical extracts market in 2023, capturing a substantial 48.4% market share.

By Source

In 2023, Spices held a dominant market position, capturing more than a 38.3% share of the global botanical extracts market. This segment is driven by the growing demand for natural flavoring and medicinal benefits, as consumers increasingly seek plant-based ingredients in both food and wellness products.

Spices such as turmeric, ginger, cinnamon, and pepper are widely used in the extraction process, offering strong health benefits alongside their rich flavor profiles. The demand for spice-based botanical extracts has been particularly prominent in the food and beverage industry, where they are incorporated into a wide variety of products, including sauces, snacks, and beverages.

In 2024, the dominance of spices is expected to continue, though the market share may slightly shift as consumer preferences evolve. The year-on-year growth is likely to see a steady increase, driven by expanding applications across functional foods and supplements.

Increased awareness of the health benefits of spices, such as turmeric’s anti-inflammatory properties or ginger’s digestive benefits, plays a key role in maintaining the segment’s strong position. The shift towards organic and clean-label products is also contributing to the demand for spice-based botanical extracts, especially as consumers prioritize natural ingredients over artificial additives.

The trend for plant-based diets and the growing interest in traditional medicine and wellness products further supports the spices segment’s market share. As spice-based botanical extracts gain popularity in the cosmetic and personal care sectors, especially in skin care and hair care formulations, their market presence is likely to expand in the coming years.

By Product Type

In 2023, Conventional held a dominant market position, capturing more than a 74.5% share of the global botanical extracts market. The conventional segment remains the largest due to the widespread availability and cost-effectiveness of conventional farming practices.

Conventional botanical extracts are sourced from plants grown using traditional agricultural methods, which often involve the use of synthetic pesticides, fertilizers, and herbicides. These extracts are commonly used in a wide range of industries, including food and beverages, cosmetics, and pharmaceuticals, due to their affordable production costs and scalability.

In 2024, conventional botanical extracts are expected to continue dominating the market, with growth driven by increased demand in mass-market products. This segment’s growth is largely attributed to the growing need for large quantities of botanical extracts at competitive prices, especially in sectors where cost efficiency is a key factor, such as the food and beverage industry.

While concerns about pesticide use and sustainability continue to influence consumer choices, conventional botanical extracts remain the go-to choice for many manufacturers due to their availability in bulk and at lower prices compared to organic alternatives.

The year 2024 will likely see a slight increase in demand for conventional botanical extracts, especially in emerging markets where cost considerations are a top priority. However, the segment’s growth rate may slow down as consumers become more educated about environmental and health concerns, leading to a gradual shift towards organic options. Despite this, conventional extracts will remain a key player in the market due to their established supply chains and economies of scale.

In contrast to conventional extracts, the organic segment is steadily gaining traction. While it accounted for a smaller share in 2023, this segment is expected to grow at a faster pace in the coming years. Organic botanical extracts, derived from plants grown without synthetic chemicals, are increasingly sought after by consumers who are more health-conscious and environmentally aware.

These extracts are used in premium products, especially in the organic food, skincare, and wellness markets. As consumers continue to prioritize sustainability and health benefits, organic botanical extracts are anticipated to see increased demand in 2024, especially in Western markets like North America and Europe, where organic products are highly valued.

By Form

In 2023, the botanical extracts market saw powder form extracts leading with a substantial market share, capturing more than 56.2%. This dominance can be attributed to the powder form’s extensive applicability across various industries, including pharmaceuticals, food and beverages, and cosmetics. Powder extracts are favored for their ease of storage, long shelf life, and convenience in handling and transportation. They are also highly valued for their ability to maintain the integrity of bioactive compounds during processing and storage.

Liquid extracts also held a significant position in the market, appreciated for their rapid absorption rates and efficacy in applications where quick assimilation into products is required. These extracts are particularly popular in the beverage industry and in the creation of personal care products, where they are used for their direct and efficient infusion of flavors, fragrances, and active ingredients.

Leaf extracts, while a smaller segment compared to powders and liquids, are gaining traction for their authenticity and minimal processing, which appeals to consumers seeking natural and organic products. This segment benefits significantly from the growing consumer inclination towards sustainability and cleaner labels in products ranging from health supplements to eco-friendly cosmetics.

By Technology

In 2023, Steam Distillation held a dominant market position, capturing more than a 46.5% share of the global botanical extracts market. This traditional method is widely preferred for extracting essential oils and botanical extracts due to its efficiency, cost-effectiveness, and ability to maintain the integrity of the plant’s natural compounds.

The process involves passing steam through plant material, causing the essential oils to evaporate and then condense into a liquid form. Steam distillation is particularly popular in the production of extracts from flowers, leaves, and herbs, such as lavender, peppermint, and eucalyptus.

In 2024, steam distillation is expected to maintain its leadership in the market, with steady growth driven by its widespread use in both the food and beverage as well as the cosmetics industries. Its ability to extract high-quality essential oils at scale makes it the preferred technology for manufacturers seeking cost-effective solutions.

As consumer demand for natural and clean-label products increases, steam distillation remains a trusted method for ensuring that botanical extracts retain their pure and natural properties. Moreover, the technology’s versatility in extracting a wide range of botanicals—from spices to flowers—ensures its continued prominence in the market.

CO2 Extraction, while not as widespread as steam distillation, is gaining popularity due to its ability to produce high-quality, concentrated botanical extracts with minimal exposure to heat or chemicals. This method uses carbon dioxide at high pressure to extract essential oils and active compounds from plants.

In 2023, CO2 Extraction accounted for a smaller but steadily increasing share of the market, driven by growing demand for premium, high-potency extracts in health and wellness products. This process is particularly favored for extracting delicate botanicals, such as cannabis, hemp, and certain herbs, where preserving the purity and potency of the extract is critical.

The Solvent Extraction method holds a significant position in the market, especially for extracting oils from seeds, roots, and other hard-to-extract botanicals. This technique uses organic solvents like ethanol or hexane to dissolve and separate essential oils and active compounds from plant materials. In 2023, solvent extraction accounted for a considerable portion of the botanical extracts market, particularly in the production of extracts for the food and fragrance industries. While this method is effective for obtaining high yields, it is less preferred for products marketed as “natural” or “pure” due to concerns about solvent residues.

Enfleurage, one of the oldest methods of extracting essential oils, involves the slow absorption of essential oils into fats. This technique is primarily used for extracting fragrance compounds from delicate flowers, such as jasmine and tuberose. In 2023, enfleurage held a small but notable share of the market, mainly in the niche high-end perfume industry. While it is a labor-intensive and time-consuming process, enfleurage is valued for its ability to preserve the subtle, complex fragrances of flowers that are difficult to extract using heat or solvents.

By Application

In 2023, Food & Beverages held a dominant market position, capturing more than a 48.5% share of the global botanical extracts market. The demand for natural flavors, colors, and functional ingredients has driven the widespread use of botanical extracts in the food and beverage sector.

Spices, herbs, and fruit extracts are commonly used to enhance flavor, improve shelf life, and offer added health benefits. The increasing consumer preference for natural and organic ingredients over artificial additives has further fueled the growth of this segment. Key applications include beverages, snacks, sauces, and bakery products, where botanical extracts are used to provide taste and nutritional value.

In 2024, the food and beverage industry is expected to maintain its dominant position, driven by consumer trends favoring healthier, plant-based, and clean-label products. The rise in demand for functional foods—such as those offering antioxidants, anti-inflammatory properties, or digestive benefits—is particularly important for the continued growth of botanical extracts in this sector.

Botanical extracts from ginger, turmeric, and berries, known for their health benefits, are anticipated to see increased use in new product formulations, especially in the wellness beverage market. This growing preference for natural, plant-based options aligns with the global shift toward healthier lifestyles, further solidifying the food and beverage segment’s lead in the market.

The Pharmaceutical and Nutraceutical segment accounted for a significant share of the botanical extracts market in 2023, driven by the increasing demand for natural and plant-based supplements. Botanical extracts are widely used in the formulation of dietary supplements, vitamins, and functional foods due to their therapeutic benefits. Popular extracts, such as echinacea, ginseng, and ashwagandha, are known for their immune-boosting, anti-stress, and energy-enhancing properties, making them highly sought after in the nutraceutical space.

In 2024, the pharmaceutical and nutraceutical segment is expected to see continued growth as consumers become more health-conscious and seek natural alternatives to synthetic drugs. The segment’s growth will be propelled by rising demand for supplements that promote overall well-being, as well as targeted solutions for specific health concerns like joint health, digestive health, and mental wellness.

The increasing popularity of herbal medicine and traditional remedies will further contribute to the use of botanical extracts in this segment. As regulatory standards for supplements continue to tighten, manufacturers will likely focus on ensuring the safety, purity, and efficacy of botanical extracts, creating opportunities for growth in this market.

The Cosmetics segment also plays a crucial role in the botanical extracts market. In 2023, the cosmetics industry accounted for a significant portion of market share, as consumers increasingly prioritize products made with natural ingredients. Botanical extracts are extensively used in skin care, hair care, and personal care products due to their gentle yet effective properties. Popular extracts like aloe vera, chamomile, and green tea are commonly found in moisturizers, shampoos, and serums, offering benefits such as hydration, soothing, and anti-aging effects.

Key Market Segments

By Source

• Spices
• Herbs
• Flowers
• Leaves
• Others

By Product Type

• Organic
• Conventional

By Form

• Powder
• Liquid
• Leaf extracts

By Technology

• CO2 Extraction
• Solvent Extraction
• Steam Distillation
• Enfleurage
• Others

By Application

• Food & Beverages
• Pharmaceutical and Nutraceutical
• Cosmetics
• Others

Drivers

Growing Demand for Natural and Clean-Label Ingredients in the Food & Beverage Industry

In recent years, there has been a significant surge in consumer demand for products that are free from artificial colors, flavors, and preservatives. According to a 2023 survey by The Clean Label Project, over 70% of consumers in the U.S. expressed a preference for foods and beverages with clean-label claims, which include products made with natural ingredients and minimal processing.

This trend is especially evident in younger generations, with 61% of Gen Z and 55% of millennials actively seeking out clean-label products when making food and beverage purchases. The increasing consumer focus on transparency and product integrity is pushing food manufacturers to replace artificial ingredients with natural, plant-based alternatives, such as botanical extracts.

In response to these changing consumer demands, the food industry has seen a noticeable increase in the use of botanical extracts. For example, botanical extracts like turmeric, ginger, and elderberry are increasingly used in beverages, snacks, and ready-to-eat meals. These extracts not only provide natural flavoring but also offer health benefits, such as anti-inflammatory and antioxidant properties.

The growing trend of functional foods, which offer added health benefits beyond basic nutrition, is another driver of this shift. According to The International Food Information Council (IFIC), 73% of U.S. consumers are interested in functional foods, particularly those that include plant-based ingredients and natural botanicals that promote well-being.

Governments and organizations around the world are also supporting this trend by implementing regulations and initiatives that promote healthier, cleaner food products. The U.S. Food and Drug Administration (FDA) has taken steps to address the growing demand for natural and clean-label ingredients, particularly through its regulations on food labeling.

These regulations ensure that companies use accurate and transparent labeling to inform consumers about the ingredients in their food products. Additionally, in Europe, the European Union has been focusing on sustainability in food production, encouraging the use of plant-based ingredients through various funding programs and initiatives aimed at reducing the environmental footprint of food manufacturing.

According to Mintel’s Global Food & Drink Trends 2023, 58% of global consumers reported that they prefer products with botanical ingredients, further supporting the increasing use of these extracts in food formulations. As a result, the market for botanical extracts in food and beverages is projected to grow significantly in the coming years, with a compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2028.

The growth of the botanical extracts market in the food and beverage industry is also supported by the increasing availability of organic botanicals. As more manufacturers look to tap into the health-conscious consumer segment, organic botanical extracts are expected to see greater demand.

Restraints

High Production Costs and Supply Chain Constraints in the Botanical Extracts Market

According to the Food and Agriculture Organization (FAO), the production of botanical extracts often involves a combination of costly farming practices, such as organic or sustainable farming, along with extraction technologies like CO2 extraction or steam distillation, which can be expensive to implement. For instance, CO2 extraction, while offering high-quality extracts, can cost up to 4-5 times more than traditional methods like steam distillation, making it less accessible for smaller manufacturers.

This rise in production costs directly impacts the price of finished products, which can be a barrier for both manufacturers and consumers. A survey by Mintel found that 68% of consumers in the U.S. are concerned about the price of natural food and beverage products, with many stating that they would only pay a premium for products that offer significant health benefits. This reflects the difficulty for manufacturers to justify high prices for botanical extract-based products, particularly in mass-market goods, where cost-efficiency is critical.

Furthermore, the availability of raw materials is another major challenge for the botanical extracts industry. According to a report by The European Commission (EC), the demand for popular botanicals like turmeric, ginger, and ginseng has increased significantly in recent years, leading to potential shortages in supply.

To mitigate these issues, manufacturers are increasingly turning to sustainable farming practices and diversifying their supply chains. However, these efforts often come with additional costs and time constraints.

According to The United Nations Environment Programme (UNEP), the need for sustainable sourcing and fair trade practices has led to rising certification costs for both farmers and manufacturers, further driving up the price of botanical extracts. The implementation of sustainable practices also adds complexity to the supply chain, which can delay deliveries and increase lead times.

Opportunity

Rising Consumer Demand for Plant-Based and Functional Foods

A major growth opportunity for the botanical extracts market is the rising consumer demand for plant-based and functional foods. As more consumers shift toward healthier, more sustainable diets, botanical extracts are gaining popularity for their ability to enhance the flavor, nutritional value, and functional benefits of food products. This shift is not only driven by health trends but also by increasing awareness of the environmental impact of animal-based foods and synthetic ingredients.

Botanical extracts play a key role in this transition, offering natural flavors, colors, and functional benefits without the need for synthetic additives. For example, plant-based protein sources like pea and soy are often enhanced with botanical extracts to improve taste, texture, and nutritional profile.

Functional foods—those that provide additional health benefits beyond basic nutrition—are a significant driver for the botanical extracts market. According to the International Food Information Council (IFIC), 73% of consumers are interested in foods that offer health benefits such as better digestion, improved immunity, or reduced inflammation.

Botanical extracts such as turmeric, ginger, and elderberry are increasingly being used in functional foods due to their well-known health benefits. For instance, turmeric, with its active compound curcumin, is recognized for its anti-inflammatory properties, while elderberry is prized for its immune-boosting effects. The trend toward functional foods is expected to continue, with consumers becoming more aware of the link between diet and long-term health outcomes.

This opportunity is especially pronounced in the beverage industry, where botanical extracts are used to create functional drinks such as herbal teas, detox juices, and wellness shots. According to a report by Beverage Daily, the global market for functional beverages is expected to grow at a CAGR of 7.1% from 2023 to 2028. This growth is driven by rising consumer interest in beverages that provide specific health benefits, such as improved digestion or enhanced immunity. Botanical extracts are a natural fit for these products, providing both flavor and functional properties without the need for artificial additives.

Trends

Increasing Popularity of Organic and Clean Label Botanical Extracts

A major trend in the botanical extracts market is the growing demand for organic and clean-label products, particularly in the food and beverage sector. As consumers become more health-conscious and environmentally aware, there is a strong preference for natural ingredients that are free from artificial additives, preservatives, and chemicals. This shift toward cleaner, more transparent product labels is driving the market for organic botanical extracts.

This growth is supported by the increasing consumer preference for products that are produced without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). As part of this broader movement, botanical extracts from organic sources are in high demand, especially in health-focused products like herbal teas, supplements, and functional foods.

A key driver of this trend is the rise of clean-label products. The Clean Label Project, a non-profit organization focused on product transparency, reports that more than 60% of consumers in the U.S. now prioritize clean-label products when making food and beverage purchases. Clean-label products typically feature short, simple ingredient lists, often with natural or organic components.

This trend is particularly noticeable among millennials and Gen Z, who are more likely to scrutinize product labels for artificial ingredients. As a result, botanical extracts—whether from herbs, spices, flowers, or fruits—are increasingly used in these products as natural flavorings, colorants, or functional ingredients.

Government initiatives also play a role in supporting the trend toward organic and clean-label products. For instance, the U.S. Department of Agriculture (USDA) has expanded its certification programs for organic products, ensuring that farmers and manufacturers can meet rigorous standards for organic production.

Regional Analysis

The Asia Pacific (APAC) region dominated the global botanical extracts market in 2023, capturing a substantial 48.4% market share, valued at approximately USD 2.9 billion. This dominance is driven by the region’s rich biodiversity and extensive use of botanical ingredients in traditional medicine, food, and cosmetics.

Countries like India, China, and Japan are key players, where the demand for botanical extracts in beverages, supplements, and personal care products is growing rapidly due to increasing consumer awareness of health benefits. APAC’s large agricultural base further supports the supply of raw materials, with India being a major exporter of spices and herbs used in botanical extract formulations.

North America holds a significant share of the market, driven by increasing consumer preference for natural and clean-label products. The region is particularly focused on organic and functional foods, with the U.S. being a major market for dietary supplements and herbal teas. The market value in North America is expected to reach over USD 1.8 billion by 2025, fueled by a growing interest in plant-based and wellness products. Additionally, government regulations and initiatives supporting organic farming and sustainability are enhancing market growth in this region.

Europe follows closely, with rising demand for botanical extracts in the cosmetic and pharmaceutical sectors. The European market benefits from strong consumer demand for natural ingredients in personal care and beauty products, with the organic food sector also contributing to the market’s growth. The market is expected to grow at a steady pace, supported by EU regulations promoting clean-label products and sustainable sourcing.

Latin America and Middle East & Africa are smaller markets but are projected to witness growth driven by increasing health awareness and consumer preference for natural ingredients, particularly in wellness and beauty products.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

The botanical extracts market is characterized by a diverse range of key players, many of which are global leaders in the development, production, and supply of natural extracts used across food, beverage, cosmetics, and pharmaceutical industries.

Companies like Ambe NS Agro Products Pvt. Ltd., Berkem, and Bell Flavors & Fragrances are prominent suppliers of high-quality botanical extracts, specializing in a wide variety of plant-based ingredients for flavoring, fragrance, and functional health benefits. Blue Sky Botanics, Botanica, and Fytosan also contribute significantly to the market, offering a broad portfolio of plant extracts that cater to the growing demand for natural and organic products.

Other significant players in the market include Dohler GmbH, Haldin Natural, and Kalsec Inc., known for their innovative solutions in the extraction of essential oils and other botanicals. International Flavors & Fragrances Inc. and Kuber Impex Ltd. are also major contributors, serving sectors ranging from food and beverages to personal care and cosmetics.

Companies such as Martin Bauer Group, Mb-Holding GmbH & Co. Kg, and Native Extracts focus on sustainability, ensuring the ethical sourcing of raw materials and catering to increasing consumer demand for eco-friendly, clean-label products. The presence of Nektium, Nexira, and Nutra Green Biotechnology Co., Ltd. highlights the importance of botanical extracts in the nutraceutical industry, offering natural solutions for functional foods and supplements.

Finally, Prinova Group LLC, Ransom Naturals Limited, Synergy Flavors Inc., and Synthite Industries Limited round out the list of influential players, with extensive distribution networks and a strong focus on R&D to meet the rising demand for health-promoting, natural extracts across diverse applications. These companies are driving growth by expanding their product offerings and forming strategic partnerships, thus shaping the future of the botanical extracts market.

Top Key Players

• Ambe NS Agro Products Pvt. Ltd.
• Berkem
• Bell Flavors & Fragrances
• Blue Sky Botanics
• Botanica
• Dohler GmbH
• Fytosan
• Haldin Natural
• International Flavors & Fragrances Inc.
• Kalsec Inc.
• Kuber Impex Ltd.
• Lipoid-Kosmetik
• Martin Bauer Group
• Mb-Holding GmbH & Co. Kg
• Native Extracts
• Nektium
• Nexira
• Nutra Green Biotechnology Co., Ltd.
• Prinova Group LLC
• Ransom Naturals Limited
• Synergy Flavors Inc
• Synthite Industries Limited

Recent Developments

In 2023, Ambe NS Agro Products continued to expand its product range, focusing on organic and natural extracts, with an estimated revenue growth of 10-12% year-on-year.

In 2023, Groupe Berkem, a leader in bio-based chemistry, significantly strengthened its position in the botanical extracts market. The company reported revenues of €51.9 million, emphasizing its robust performance in this sector.

Report Scope