Global CO2 Extract Market Size, Share, And Business Benefits By Nature (Organic, Conventional), By Form (Liquid, Solid, Powder), By Source (Plant, Animal, Microbial, Algal), By End Use Industry (Food Industry, Cosmetic Industry, Healthcare Industry, Agriculture Industry, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

Global CO2 Extract Market is expected to be worth around USD 2.6 Billion by 2034, up from USD 1.6 Billion in 2024, and grow at a CAGR of 4.8% from 2025 to 2034. North America leads the CO2 Extract Market with 42.5%, USD 0.68 billion.

CO2 Extract refers to the process of extracting essential oils, herbs, and other plant materials using carbon dioxide (CO2) in its supercritical state. This method, known for being solvent-free, produces highly concentrated, pure extracts, preserving the integrity and potency of the plant’s compounds.

It’s widely used in the production of essential oils, fragrances, and food additives, and in the cosmetic and pharmaceutical industries. CO2 extraction is praised for its safety, efficiency, and ability to retain the delicate components of the plant material that other extraction methods might degrade.

The CO2 Extract Market has seen significant growth in recent years, driven by the increasing demand for natural and organic products across various sectors, including healthcare, personal care, and food & beverages.

The ability to produce pure, chemical-free extracts has led to higher consumer demand for CO2-extracted products, particularly in essential oils, where purity and quality are paramount. With consumers becoming more conscious of their environmental footprint, CO2 extraction offers a sustainable alternative to traditional methods, further boosting its market appeal.

Growth Factors include rising health consciousness, with more consumers opting for organic, chemical-free products. Additionally, the expanding wellness industry, which promotes natural therapies and holistic health, has heightened the demand for CO2 extracts. The growing preference for sustainable practices in production, especially in the food and cosmetic sectors, also propels this market forward.

Demand for CO2 extracts continues to rise, driven by increasing awareness of the benefits of pure and potent extracts in personal care, nutraceuticals, and natural health products. Consumers’ interest in wellness and organic products is fueling a shift towards CO2-extracted oils and concentrates, especially in the cosmetic and pharmaceutical industries, where quality and safety are critical.

Opportunity lies in the untapped potential of CO2 extraction for novel applications, particularly in pharmaceuticals, where new therapies and nutraceuticals are being developed. Additionally, the trend towards sustainability opens new avenues for growth, as companies explore environmentally friendly and efficient ways to extract plant-based compounds.

In 2025, Sequestra, a company focused on CO2 utilization in heavy industries, secured €1.1 million in pre-seed funding, highlighting the growing interest in CO2 management technologies. Carbon utilization solutions are estimated to have the potential to reduce global CO2 emissions by 4 to 8.5 billion tons annually, representing 10-20% of total emissions.

Additionally, the Milkywire Climate Transformation Fund has invested over USD 14 million in 49 pioneering carbon removal and utilization projects since 2021. These developments signal a growing commitment to sustainable CO2 extraction and utilization technologies across industries.

Key Takeaways

• Global CO2 Extract Market is expected to be worth around USD 2.6 Billion by 2034, up from USD 1.6 Billion in 2024, and grow at a CAGR of 4.8% from 2025 to 2034.
• Conventional CO2 extracts dominate the market, accounting for a 73.3% share.
• Liquid CO2 extracts lead in popularity, contributing to 48.4% market share.
• Plant-based CO2 extracts make up 56.5%, driven by natural ingredient preferences.
• The food and beverage industry represents 42.2% of CO2 extract usage.
• North America leads the CO2 Extract Market with a 42.5% share, valued at USD 0.68 billion.

By Nature Analysis

The CO2 extract market predominantly consists of conventional methods, accounting for 73.3% of production.

In 2024, Conventional held a dominant market position in the By Nature segment of the CO2 Extract Market, with a 73.3% share. This significant market share can be attributed to the widespread adoption of conventional CO2 extraction methods due to their established reliability, cost-effectiveness, and scalability.

Conventional CO2 extraction techniques have been extensively used across industries such as personal care, food & beverages, and pharmaceuticals, making it the preferred choice for many manufacturers. The method ensures high-quality and pure extracts, without the need for additional solvents, which aligns with the growing consumer demand for natural and organic products.

The large market share of conventional CO2 extraction also reflects the maturity of the technology and its widespread industrial application. Over the years, conventional methods have become more efficient, resulting in cost reductions that make the process more accessible for large-scale production. As the demand for plant-based, chemical-free products continues to rise, the preference for conventional CO2 extracts remains strong, particularly in essential oils and natural health products.

Despite the dominance of conventional methods, emerging alternatives such as supercritical fluid extraction using other solvents are gaining traction, indicating potential shifts in the competitive landscape in the future. However, in 2024, conventional CO2 extraction remains firmly entrenched in the market.

By Form Analysis

Liquid extracts dominate the CO2 extract market, representing 48.4% of the total product form.

In 2024, Liquid held a dominant market position in the By Form segment of the CO2 Extract Market, with a 48.4% share. This strong market presence is largely attributed to the versatility and ease of use that liquid extracts offer across various applications.

Liquid CO2 extracts are widely utilized in industries such as cosmetics, pharmaceuticals, and food & beverages due to their ability to be easily incorporated into a broad range of formulations, from essential oils to flavoring agents. Additionally, the liquid form allows for precise dosing and straightforward handling, which is highly valued in both commercial and consumer-grade products.

The preference for liquid CO2 extracts has been further driven by their superior solubility and compatibility with other ingredients in formulations, enhancing the efficiency of product development. Liquid extracts also provide higher concentrations of active compounds, which makes them more effective in delivering desired therapeutic or sensory properties.

As consumer demand for natural and organic products grows, liquid CO2 extracts continue to benefit from their ability to maintain the purity and integrity of plant materials. The dominance of the liquid form in 2024 reflects both its established market adoption and its adaptability to evolving industry requirements. While powdered and solid forms are gaining traction, the liquid form remains the most widely utilized in the market.

By Source Analysis

Plant-based extracts make up 56.5% of the CO2 extract market, driven by natural sourcing

In 2024, Plant held a dominant market position in the By Source segment of the CO2 Extract Market, with a 56.5% share. This leading market position is primarily driven by the widespread use of plant-based extracts in various industries, particularly in the growing natural health, cosmetic, and food sectors.

Plants are a rich source of bioactive compounds, such as essential oils, terpenes, and antioxidants, which are increasingly sought after for their therapeutic, aromatic, and functional properties. As consumers continue to shift toward natural and sustainable products, plant-based CO2 extracts remain the preferred choice due to their purity, effectiveness, and alignment with current wellness trends.

The dominance of plant-based extracts is further supported by their extensive application in personal care products, where plant-derived ingredients are highly valued for their non-toxic, gentle nature.

In the food and beverage industry, plant extracts are prized for their ability to impart authentic flavors and natural preservatives without the use of synthetic additives. Additionally, plant-based CO2 extracts are favored in aromatherapy and wellness products for their calming and healing properties.

While animal and synthetic sources are also present in the market, plant extracts remain the dominant category due to their widespread availability, sustainability, and consumer preference for plant-derived solutions.

By End-use Analysis

Food and beverage industries account for 42.2% of the CO2 extract market, driven by flavor enhancement.

In 2024, Food & Beverages held a dominant market position in the By End-use segment of the CO2 Extract Market, with a 42.2% share. This significant market share reflects the increasing adoption of CO2 extracts in the food and beverage industry, driven by consumer demand for natural and organic ingredients.

CO2 extracts, known for their purity and concentration, are widely used as flavoring agents, preservatives, and functional additives in a variety of food and beverage products. The ability to preserve the natural integrity of flavors without the use of chemical solvents or additives aligns with the growing trend of clean-label products.

The demand for CO2 extracts in this sector is further fueled by the shift towards healthier, plant-based alternatives. Extracts from herbs, fruits, and spices are being incorporated into beverages, snacks, and ready-to-eat foods to enhance taste, aroma, and nutritional value. CO2 extraction offers a superior method for obtaining these ingredients, as it maintains the active compounds and aroma profiles that are often lost in conventional extraction methods.

Additionally, the expanding awareness of the health benefits associated with plant-based extracts, such as antioxidants and anti-inflammatory properties, has contributed to the growing share of the food and beverage industry in the CO2 extract market. As this trend continues, the sector is expected to maintain its dominant position in the coming years.

Key Market Segments

By Nature

• Organic
• Conventional

By Form

• Liquid
• Solid
• Powder

By Source

• Plant
• Animal
• Microbial
• Algal

By End Use Industry

• Food Industry
• Cosmetic Industry
• Healthcare Industry
• Agriculture Industry
• Others

Driving Factors

Growing Demand for Natural and Organic Products

One of the top driving factors for the CO2 Extract Market is the increasing consumer demand for natural and organic products. As more individuals become health-conscious and environmentally aware, the preference for chemical-free, sustainable, and plant-based products is rising. CO2 extraction, which maintains the purity of plant-based ingredients without the use of solvents, perfectly aligns with this trend.

Consumers are seeking out natural alternatives in personal care items, food & beverages, and health supplements, favoring products that contain pure, potent extracts. This shift towards organic and natural products is especially evident in industries like cosmetics, where CO2 extracts are used for essential oils, skincare, and fragrances, and in the food industry for flavoring and preservatives.

Restraining Factors

High Initial Investment and Equipment Costs

A major restraining factor for the CO2 Extract Market is the high initial investment and equipment costs associated with CO2 extraction technology. Setting up a CO2 extraction system requires specialized equipment, such as high-pressure vessels and compressors, which can be expensive for manufacturers, especially small and medium-sized businesses.

The complexity of the technology also demands skilled labor for operation and maintenance, adding to the overall operational costs. These financial barriers may limit the adoption of CO2 extraction, particularly in emerging markets or for businesses with limited budgets.

While the long-term benefits of CO2 extraction, such as higher product purity and yield, can justify the investment, the upfront costs still present a challenge for some companies, slowing the widespread adoption of this extraction method.

Growth Opportunity

Expansion of CO2 Extracts in Pharmaceuticals

A significant growth opportunity for the CO2 Extract Market lies in its expansion within the pharmaceutical industry. CO2 extraction is increasingly being recognized for its ability to produce high-quality, pure extracts that retain the bioactive compounds of plant materials, which are crucial for pharmaceutical applications.

As the demand for natural remedies and plant-based ingredients grows in the healthcare sector, CO2-extracted compounds are gaining traction for use in medicinal products, nutraceuticals, and therapeutic oils.

The versatility and safety of CO2-extracted ingredients make them ideal for the development of new drug formulations, particularly in areas such as pain management, inflammation, and mental wellness. As more pharmaceutical companies explore the potential of CO2-extracted compounds, this segment is expected to see substantial growth in the coming years.

Latest Trends

Rise in Plant-Based and Sustainable Ingredients

One of the latest trends in the CO2 Extract Market is the increasing shift towards plant-based and sustainable ingredients. Consumers are increasingly aware of the environmental and health impacts of their product choices, leading to a surge in demand for plant-derived CO2 extracts.

These ingredients, which are extracted using carbon dioxide in their supercritical state, are free from harmful chemicals and solvents, making them ideal for eco-conscious and health-focused consumers. This trend is particularly evident in industries such as cosmetics, personal care, and food & beverages, where natural formulations are gaining popularity.

Companies are focusing on sourcing renewable, sustainable raw materials for CO2 extraction to meet this consumer demand. As sustainability becomes a central value for many brands, CO2 extracts are becoming a preferred choice, further driving the market’s growth.

Regional Analysis

In 2024, North America dominated the CO2 Extract Market with a 42.5% share, valued at USD 0.68 billion.

In 2024, North America dominated the CO2 Extract Market, holding a 42.5% share, valued at USD 0.68 billion. This strong market position is driven by the region’s increasing demand for natural, organic, and plant-based products across industries such as food & beverages, pharmaceuticals, and personal care.

The presence of major players and advanced manufacturing capabilities further supports the growth of CO2 extraction technologies in North America. Additionally, the region’s well-established regulatory frameworks and consumer preference for high-quality, chemical-free products continue to fuel market expansion.

Europe follows as a significant player, accounting for a substantial portion of the market share. The growing trend of sustainability and demand for clean-label products in countries such as Germany, France, and the UK contribute to the region’s increasing adoption of CO2 extracts. The European market is also supported by favorable regulations promoting eco-friendly practices and organic sourcing.

Asia Pacific is witnessing rapid growth, with increasing awareness of natural health products and the growing wellness industry. Countries like China, Japan, and India are investing in CO2 extraction for essential oils, herbs, and flavors, expanding the market in the region.

Middle East & Africa, along with Latin America, have smaller market shares but are emerging markets with significant growth potential due to rising demand for natural products and increasing interest in sustainable extraction methods.

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
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

In 2024, the global CO2 Extract Market will remain highly competitive, with key players across various regions contributing to its growth. Companies like Aromantic Ltd and Botanic Innovations are playing crucial roles in advancing the use of CO2 extraction for natural health and wellness products, focusing on organic and plant-based offerings. These firms cater to the rising consumer demand for sustainable, chemical-free ingredients in the cosmetics and nutraceutical industries.

CO2 Extraction Technologies and Supercritical Fluid Technologies stand out for their expertise in providing specialized extraction systems, which support the industry’s ongoing efforts to improve efficiency and reduce costs. The growing trend of sustainability, particularly in food & beverage and pharmaceuticals, has positioned these companies as integral contributors to the market, offering innovative solutions to manufacturers seeking eco-friendly extraction methods.

On the other hand, companies like Flavex Nature Extract GmbH and Flavorcan International Inc. are leaders in the flavor and fragrance industry, where CO2 extracts are prized for their purity and aroma retention. These firms benefit from a well-established market for CO2-extracted flavors, supported by the increasing demand for clean-label products.

The presence of biotech-focused firms like Ginkgo BioWorks and Kancor Ingredients Limited highlights the expansion of CO2 extraction into innovative sectors, including nutraceuticals and specialized medicinal products. Meanwhile, players such as Elysium Health and the Marijuana Company of America reflect the growing interest in plant-based extracts for health and wellness applications, including cannabis-derived CO2 extracts.

Top Key Players in the Market

• Aromantic Ltd
• Botanic Innovations
• CO2 Extraction Technologies
• Conventional Co2 Extraction
• Elysium Health
• Flavex Nature Extract Gmbh
• Flavorcan International Inc.
• Ginkgo BioWorks
• Green Leaf Medical
• Kancor Ingredients Limited
• Kush Aroma Expert
• Marijuana Company of America
• MRT Organics Green Products
• Natural Sourcing LLC
• Noble Extracts
• Northwest Extracts
• Oaksterdam University
• Roquette Freres
• Supercritical Fluid Technologies

Recent Developments

• In February 2025, Ginkgo Bioworks, Launched a new CO2-derived biofuel product line, expanding their synthetic biology capabilities into sustainable fuel production.
• In October 2024, Flavex Naturextrakte GmbH Introduced a new line of organic CO2 extracts for the food supplement industry, focusing on high-bioavailability botanical ingredients.

Report Scope