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Australia Botanicals Market Size, Share, Analysis, Forecast: By Source: Spices, Herbs, Flowers , Others; By Form: Liquid, Powder; By Application: Dietary Supplements, Food and Beverage, Animal Feed, Pharmaceutical, Cosmetics & Skincare, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Botanicals Market Outlook
The Australia botanicals market size was valued at USD 4.86 billion in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 8.39 billion by 2032.
Key Takeaways
- Notably, there are more than 140 botanical gardens across Australia.
- The Flora of Australia online by the Australian Biological Resources Study (ABRS) provides comprehensive information on Australia’s plant life.
- Regulatory bodies, such as the Food and Drug Administration (FDA), have imposed restrictions on artificial flavourings, which is further promoting the use of botanicals.
- Prominent companies in the market are Pocket Herbs & Produce, The Pharmaceutical Plant Company Pty Ltd, and The Herbal Extract Company of Australia.
According to Australia botanicals market analysis, the growth of the market is driven by the increasing demand for organic and natural raw materials and the rising consumer preference for cleaner-label products. These factors have significantly influenced consumer choices, leading to a surge in sales of botanical ingredients across markets.
The botanicals market is also witnessing a shift towards sustainable sourcing of botanical ingredients and adherence to ethical practices. Consumers and stakeholders are placing importance on environmental impact, biodiversity conservation, and fair-trade practices, influencing market players to adopt sustainable sourcing strategies to meet consumer expectations.
One example is the sourcing of organic Shea Nuts from highland farms in Guinea, West Africa, by Mac's Shortbread Company Pty. Ltd. Implemented in September 2023, this sourcing allowed for lower-waste harvesting and production of premium shea butter rich in vitamins and natural extracts, supporting local village farmers and their families through fair trade practices. Another example is the partnership between Babo Botanicals and a woman-owned farm in Australia for sourcing Eucalyptus Oil using 100% renewable energy. This sustainable approach was established in May 2022. It ensures responsible farming practices and aligns with the company's commitment to using botanical ingredients sourced ethically and sustainably.
In applications, botanical ingredients like turmeric, beetroot, green tea, fenugreek seeds, and liquorice root are commonly used in animal feed industry for their various health benefits and nutritional support. These botanicals serve as natural additives that contribute to the overall well-being of animals, providing functional advantages such as anti-inflammatory properties, antioxidant effects, appetite stimulation, and colour enhancement in animal feed formulations. This segment is expanding as consumers show a preference for natural and sustainable options in animal nutrition.
The pharmaceutical sector is also leveraging botanical ingredients, such as turmeric, ginseng, and ginger, for their medicinal properties and the segment is growing due to the rising demand for plant-based ingredients in healthcare products, aligning with consumer preferences for natural remedies. Moreover, in the cosmetics & skincare segment, consumers are increasingly choosing products with botanical extracts for their natural and beneficial properties, which is propelling Australia botanicals market growth. For example, botanical extracts like aloe vera or green tea are commonly used in skincare products due to their soothing and antioxidant properties.
Market Segmentation
Australia Botanicals Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
- Spices
- Herbs
- Flowers
- Others
Market Breakup by Form
- Liquid
- Powder
Market Breakup by Application
- Dietary Supplements
- Food and Beverage
- Bakery and Confectionery
- Functional Beverages
- Sauces and Dressings
- Animal Feed
- Pharmaceutical
- Cosmetics & Skincare
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are focused on sourcing botanicals using sustainable and ethical practises to comply with regulations and strengthen their market positioning.
- Pocket Herbs & Produce
- The Pharmaceutical Plant Company Pty Ltd.
- The Herbal Extract Company of Australia
- Southern Light Herbs
- Three Springs Farm
- Planet Organic
- Others
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:
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| Breakup by Source |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Botanicals Market Overview
8.1 Key Industry Highlights
8.2 Australia Botanicals Historical Market (2018-2023)
8.3 Australia Botanicals Market Forecast (2024-2032)
9 Australia Botanicals Market by Source
9.1 Spices
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Herbs
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Flowers
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 Australia Botanicals Market by Form
10.1 Liquid
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Powder
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Botanicals Market by Application
11.1 Dietary Supplements
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Food and Beverage
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 Bakery and Confectionery
11.2.3.2 Functional Beverages
11.2.3.3 Sauces and Dressings
11.3 Animal Feed
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Pharmaceutical
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Cosmetics & Skincare
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Australia Botanicals Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Pocket Herbs & Produce
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Pharmaceutical Plant Company Pty Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 The Herbal Extract Company of Australia
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Southern Light Herbs
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Three Springs Farm
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Planet Organic
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Botanicals Market: Key Industry Highlights, 2018 and 2032
2. Australia Botanicals Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Australia Botanicals Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Australia Botanicals Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Australia Botanicals Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Australia Botanicals Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Australia Botanicals Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Australia Botanicals Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Botanicals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Botanicals Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.86 billion.
The market is expected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.39 billion by 2032.
The market is being driven due to growing demand for natural ingredients in food, cosmetics, and medicines; rise of plant-based diets, and increasing use of botanicals in pharmaceuticals.
Key trends aiding the market expansion are the use of botanicals as an herbal remedy and growing emphasis on transparency in labelling of ingredients.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of botanicals are dietary supplements, food and beverage, animal feed, pharmaceutical, cosmetics and skincare, among others.
Liquid and powder forms are considered in the report.
Key players in the market are Pocket Herbs & Produce, The Pharmaceutical Plant Company Pty Ltd, The Herbal Extract Company of Australia, Southern Light Herbs, Three Springs Farm, and Planet Organic, among others.
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