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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Chamomile Extract Market Outlook

The global chamomile extract market is being aided by the growing chamomile industry, which is expected to grow at a CAGR of 9% in the forecast period of 2024-2032.

Global Chamomile Extract Market

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Increasing Demand from Various Application Sectors to Aid the Chamomile Extract Industry Growth

Based on application, the food and beverages industry is one of the leading segments in the global market for chamomile extract. The sweet and lightly herbal notes of chamomile give it a sophisticated and unique flavour. The chamomile extract is most widely used in tea to induce sedation (calming effects) owing to its refreshingly sweet yet relaxing and grounding herbal and fruit notes. The United States imports between 750,000 and one million pounds of chamomile each year, with an estimated 90% of its consumption in herbal tea. Chamomile is also used in beer and wine making and is one of the key flavoring ingredients in traditional wheat beer preparation. Additionally, chamomile preparations are used to treat many human ailments such as inflammation, hay fever, muscle spasms, menstrual disorders, insomnia, wounds, and gastrointestinal disorders, among others. The dried chamomile flowers contain many terpenoids and flavonoids that contribute to its medicinal properties. Further, due to the curative and preventive properties of chamomile, its essential oil is extensively utilised in cosmetics and aromatherapy. Thus, the increasing demand from these industries is contributing to the chamomile extract industry growth.

Chamomile Extract: Market Segmentation

Chamomile extracts are obtained from chamomile, a daisy-like flowering plant that comes from the Asteraceae family of plants. The two common varieties of Chamomile are German Chamomile (Chamomilla recutita) and Roman Chamomile (Chamaemelum nobile). Chamomile is one of the most ancient medicinal herbs and has been used for centuries as an antioxidant, anti-inflammatory, and healing medicine to treat wounds, ulcers, skin irritations, bruises, burns, and other ailments. Owing to its calming and soothing properties, it is often referred to as a relaxing herb. It has various applications, ranging from beverages to cosmetics and aromatherapy.

Global Chamomile Extract Market By Application

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By source, the market is bifurcated into:

  • Organic
  • Conventional

The market is divided based on form into:

  • Liquid
  • Powder

On the basis of application, the industry can be segmented into:

  • Food and Beverages
  • Traditional Medicine
  • Scenting Agent
  • Cosmetics
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Chamomile Extract Market By Region

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Increasing Demand for Natural Products and the Thriving Tea Industry to Bolster the Growth of the Chamomile Extract Industry

The growing health awareness among consumers and the increasing demand for natural products is driving the growth of the chamomile extract industry. The market is also being supported by the increasing popularity of herbal tea among the health-conscious consumers. The innovations in the food and beverages industry are significantly contributing to the market growth. Several studies have demonstrated the effectiveness of chamomile preparations, such as tea and essential oil aromatherapy, to treat insomnia. Thus, the increasing prevalence of sleep disorders due to sedentary lifestyle is also aiding the industry growth.

Over the forecast period, the increasing preference for organic and clean-labelled cosmetic products is expected to further propel the industry forward. However, the availability of other natural alternatives may hamper the industry growth.

Key Industry Players in the Global Chamomile Extract Market

The report gives a detailed analysis of the following key players in the global chamomile extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Mountain Rose Herbs
  • NOW Health Group, Inc. 
  • Herbo Nutra
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Form
  • Application
  • Region
Breakup by Source
  • Organic
  • Conventional
Breakup by Form
  • Liquid
  • Powder
Breakup by Application
  • Food and Beverages
  • Traditional Medicine
  • Scenting Agent
  • Cosmetics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mountain Rose Herbs
  • NOW Health Group, Inc
  • Herbo Nutra
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global chamomile extract market is expected to be supported by the growth of the chamomile industry, which is projected to grow at a CAGR of 9% between 2024 and 2032.

The rising health concerns, the increasing demand for plant-based products, growing incidences of sleep disorders, the expanding tea sector, and innovations in the food and beverages sector are the major drivers of the market.

The key trends guiding the market growth include the surging shift towards organic and clean-labelled cosmetic products, the increasing popularity of herbal tea, and the surging prevalence of sleep disorders.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading sources of chamomile extract in the market are organic and conventional.

The significant forms of chamomile extract in the market are liquid and powder.

The various applications of chamomile extract are food and beverages, traditional medicine, scenting agent, and cosmetics, among others.

The major players in the market are Mountain Rose Herbs, NOW Health Group, Inc., and Herbo Nutra, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124