×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

Centella Asiatica Market

ID: MRFR/FnB/36156-HCR
100 Pages
Harshita Gorade
October 2025

Centella Asiatica Market Size, Share, Industry Trend & Analysis Research Report By Application (Pharmaceuticals, Cosmetics, Food & Beverages, Nutraceuticals), By Form (Powder, Liquid, Extract, Capsule), By Source (Wild Harvested, Cultivated), By Distribution Channel (Online, Offline, Retail, Direct Sales) andBy Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Centella Asiatica Market Infographic
Purchase Options

Centella Asiatica Market Summary

As per Market Research Future analysis, the Centella Asiatica Market Size was estimated at 1.007 USD Billion in 2024. The Centella Asiatica industry is projected to grow from USD 1.066 Billion in 2025 to USD 1.875 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.81% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Centella Asiatica Market is experiencing robust growth driven by increasing consumer preferences for natural ingredients and innovative product formulations.

  • The demand for natural ingredients in skincare is rising, particularly in North America, which remains the largest market for Centella Asiatica Market.
  • Asia-Pacific is emerging as the fastest-growing region, with a notable increase in the popularity of herbal cosmetics.
  • The pharmaceuticals segment continues to dominate the market, while the cosmetics segment is witnessing rapid growth due to changing consumer preferences.
  • Key market drivers include increasing consumer awareness of skin health and the growth of the herbal cosmetics sector, which are propelling market expansion.

Market Size & Forecast

2024 Market Size 1.007 (USD Billion)
2035 Market Size 1.875 (USD Billion)
CAGR (2025 - 2035) 5.81%

Major Players

BASF SE (DE), Huangshan Huitong Pharmaceutical (CN), Hunan Demei Pharmaceutical (CN), Kewpie Corporation (JP), MediHerb (AU), Natura & Co (BR), Sundown Naturals (US), The Green Labs (KR)

Centella Asiatica Market Trends

The Centella Asiatica Market is currently experiencing a notable transformation, driven by increasing consumer awareness regarding natural ingredients in skincare and wellness products. This herb, known for its healing properties, is gaining traction among manufacturers who are keen to incorporate it into their formulations. The rising demand for organic and plant-based products appears to be influencing the market dynamics, as consumers seek alternatives that align with their health-conscious lifestyles. Furthermore, the growing trend of self-care and holistic wellness is likely to bolster the appeal of Centella Asiatica Market, as it is often associated with soothing and rejuvenating effects on the skin. In addition, the Centella Asiatica Market is witnessing a surge in research and development activities aimed at exploring the full potential of this versatile herb. Companies are investing in innovative extraction methods and product formulations to enhance efficacy and consumer experience. This focus on scientific validation may lead to increased trust and acceptance among consumers, thereby expanding the market reach. As the industry evolves, it seems that the Centella Asiatica Market is poised for growth, with opportunities emerging across various sectors, including cosmetics, dietary supplements, and pharmaceuticals.

Rising Demand for Natural Ingredients

There is a growing preference among consumers for products that contain natural and organic ingredients. This trend is particularly evident in the beauty and wellness sectors, where Centella Asiatica Market is increasingly recognized for its beneficial properties. As consumers become more discerning, brands are responding by formulating products that highlight the inclusion of this herb, thereby enhancing their market appeal.

Focus on Research and Development

The Centella Asiatica Market is seeing heightened investment in research and development. Companies are exploring innovative extraction techniques and product formulations to maximize the herb's benefits. This emphasis on scientific exploration may lead to new applications and improved product efficacy, potentially attracting a broader consumer base.

Expansion into New Markets

As awareness of Centella Asiatica Market grows, there is potential for expansion into emerging markets. Companies are likely to explore opportunities in regions where traditional herbal remedies are valued. This could lead to increased availability and acceptance of Centella Asiatica Market products, further driving market growth.

Centella Asiatica Market Drivers

Innovation in Product Formulations

The Centella Asiatica Market is witnessing a wave of innovation in product formulations, driven by consumer demand for effective and multifunctional skincare solutions. Manufacturers are increasingly exploring new ways to incorporate Centella Asiatica Market into diverse product lines, including serums, moisturizers, and even makeup products. This trend is indicative of a broader movement towards multifunctional beauty products that cater to various skin concerns. Recent data suggests that the multifunctional skincare market is projected to grow by 6% annually, which may provide a fertile ground for the Centella Asiatica Market. As brands strive to differentiate themselves in a competitive landscape, the innovative use of Centella Asiatica Market could play a pivotal role in attracting consumers and enhancing brand loyalty.

Growth of the Herbal Cosmetics Sector

The Centella Asiatica Market is poised for growth due to the expanding herbal cosmetics sector. With a rising inclination towards organic and herbal products, Centella Asiatica Market is gaining traction among manufacturers and consumers alike. This herb is often incorporated into various cosmetic formulations, including creams, serums, and masks, due to its anti-inflammatory and antioxidant properties. Recent market analysis suggests that the herbal cosmetics market is anticipated to reach USD 20 billion by 2027, indicating a robust opportunity for Centella Asiatica Market. As brands increasingly emphasize the use of natural ingredients, the Centella Asiatica Market is likely to benefit from this trend, leading to enhanced product offerings and increased consumer interest.

Regulatory Support for Natural Ingredients

The Centella Asiatica Market is benefiting from favorable regulatory frameworks that support the use of natural ingredients in cosmetics and personal care products. Regulatory bodies are increasingly recognizing the safety and efficacy of herbal components, which encourages manufacturers to incorporate Centella Asiatica Market into their formulations. This regulatory support not only enhances consumer confidence but also stimulates innovation within the industry. As a result, the Centella Asiatica Market is likely to witness an influx of new products that leverage the herb's beneficial properties. Furthermore, the alignment of regulatory standards with consumer preferences for clean and safe beauty products may lead to a more robust market presence for Centella Asiatica Market in the coming years.

Increasing Consumer Awareness of Skin Health

The Centella Asiatica Market is experiencing a notable surge in consumer awareness regarding skin health. As individuals become more informed about the benefits of natural ingredients, the demand for Centella Asiatica Market, known for its healing properties, is likely to rise. This herb is recognized for its ability to promote collagen production and enhance skin hydration, making it a preferred choice in skincare formulations. Market data indicates that the skincare segment is projected to grow at a compound annual growth rate of 5.5% over the next five years, further driving the Centella Asiatica Market. As consumers increasingly seek products that align with their health and wellness goals, the focus on Centella Asiatica Market is expected to intensify, potentially leading to innovative product developments and marketing strategies.

Rising Popularity of Ayurvedic and Traditional Medicine

The Centella Asiatica Market is experiencing a resurgence in interest due to the rising popularity of Ayurvedic and traditional medicine practices. As consumers seek holistic approaches to health and wellness, Centella Asiatica Market, a staple in traditional medicine, is gaining recognition for its therapeutic benefits. This herb is often utilized for its wound healing and anti-aging properties, appealing to a broad audience. Industry expert's suggest that the demand for Ayurvedic products is expected to grow at a rate of 7% annually, which could significantly bolster the Centella Asiatica Market. As more consumers turn to traditional remedies, the integration of Centella Asiatica Market into modern formulations may become increasingly prevalent, enhancing its market potential.

Market Segment Insights

By Application: Pharmaceuticals (Largest) vs. Cosmetics (Fastest-Growing)

The Centella Asiatica Market is characterized by a diverse application segment, including Pharmaceuticals, Cosmetics, Food Beverages, and Nutraceuticals. Among these, Pharmaceuticals hold the largest market share, largely attributed to the herb's extensive medicinal uses. Cosmetics, while currently smaller, showcase a rapidly growing interest in natural ingredients, establishing them as a significant player in the market.

Pharmaceuticals: Dominant vs. Cosmetics: Emerging

Pharmaceuticals are the dominant application for Centella Asiatica Market, leveraging its anti-inflammatory and wound-healing properties to cater to an increasing demand for natural remedies. However, Cosmetics are emerging swiftly as a vital segment, fueled by the rising consumer preference for products that incorporate botanical ingredients. With Centella Asiatica Market being heralded for its skin-soothing and rejuvenating effects, cosmetic brands are increasingly formulating products that emphasize its efficacy, resulting in exponential growth in this segment. As awareness of the benefits grows, both segments are likely to evolve, with innovations that may further bridge their applications.

By Form: Extract (Largest) vs. Powder (Fastest-Growing)

In the Centella Asiatica Market, the form segment showcases a diverse distribution of product types that cater to varying consumer preferences and applications. Extracts hold the largest market share, driven by their concentrated beneficial properties and ease of use in formulations. Powders, emerging as a fast-growing segment, are gaining traction due to their versatility in various products, including supplements and cosmetics. As consumers become more health-conscious and seek natural remedies, the demand for these forms continues to rise, highlighting the competitive landscape. The growth trends in the form segment of the Centella Asiatica Market are significantly influenced by the increasing consumer inclination towards natural products and holistic wellness. Extracts are preferred for their potency, making them ideal for formulation in beauty and health products, while powders appeal to those looking for DIY solutions and greater customization. This dynamic is further propelled by advancements in processing techniques that enhance the quality and efficacy of these forms, driving their acceptance and expanding their market reach.

Extract (Dominant) vs. Powder (Emerging)

The Extract form of Centella Asiatica Market stands out as the dominant choice among consumers and manufacturers alike. Renowned for its high concentration of beneficial active compounds, Extracts are favored in both beauty and healthcare applications. Their versatility allows for seamless integration into a wide range of products, from skincare to dietary supplements, ensuring their enduring popularity. On the other hand, the Powder form is emerging as a preferred option among health enthusiasts and DIY formulators due to its adaptability and ease of use. Powders allow consumers to incorporate Centella Asiatica Market into various formulations at home, thus promoting a personalized approach to health and beauty. As awareness of the plant's benefits grows, both forms are poised to cement their places in the market.

By Source: Cultivated (Largest) vs. Wild Harvested (Fastest-Growing)

In the Centella Asiatica Market, the source segment is delineated into two primary categories: cultivated and wild harvested. Cultivated Centella Asiatica Market holds a significant share of the market, being favored for its consistency in quality and supply. As producers focus on increasing output through agricultural techniques, the cultivated segment remains robust, providing a reliable supply to meet the rising demand in various sectors including cosmetics, pharmaceuticals, and nutraceuticals. Conversely, the wild harvested segment is experiencing rapid growth as well. This segment is recognized for its potency and unique phytochemical profile, appealing to niche markets prioritizing natural and organic products. Increasing consumer awareness towards sustainability and traditional medicine is driving this growth trend, making wild harvested Centella Asiatica Market one of the fastest-growing segments within the overall market.

Centella Asiatica Market: Cultivated (Dominant) vs. Wild Harvested (Emerging)

Cultivated Centella Asiatica Market is recognized as the dominant source in the market, offering predictable quality and stable supply chains. It is primarily grown in controlled environments, which allows for the optimization of growth conditions and the management of pest control. This approach results in higher yields and the ability to cater to large-scale commercial needs. On the other hand, wild harvested Centella Asiatica Market is an emerging source, gaining traction due to its association with organic and sustainable practices. It is gathered from natural habitats, which can lead to greater variability in potency and phytochemical composition. The increasing preference for naturally sourced ingredients among consumers has positioned wild harvested Centella Asiatica Market as a niche yet rapidly expanding market segment.

By Distribution Channel: Online (Largest) vs. Offline (Fastest-Growing)

In the Centella Asiatica Market, the distribution channel landscape is predominantly shaped by online sales, which currently holds the largest market share. The convenience of online shopping, along with effective digital marketing strategies, has significantly boosted consumer engagement, allowing products to reach a wider audience. Conversely, offline sales, while constituting a smaller share, are rapidly gaining traction, driven by a growing preference for in-person shopping experiences, allowing consumers to physically assess products before purchase.

Online: E-Commerce (Dominant) vs. Offline: Retail Stores (Emerging)

E-Commerce platforms for Centella Asiatica Market products have become the dominant sales channel, thanks to their accessibility and a wide range of offerings. Online marketplaces provide consumers with the convenience of easy comparison, quick purchases, and extensive product reviews, enhancing customer satisfaction. On the other hand, offline retail stores, while emerging, are starting to carve out their niche through personalized customer service and experiential shopping opportunities. Retailers are increasingly showcasing Centella Asiatica Market products, recognizing the demand for natural ingredients in beauty and wellness sectors. This shift highlights a blending trend where online and offline channels coexist, catering to diverse consumer preferences.

Get more detailed insights about Centella Asiatica Market

Regional Insights

North America : Health and Wellness Focus

The Centella Asiatica Market in North America is driven by increasing consumer awareness regarding health and wellness, alongside a growing preference for natural ingredients in skincare and dietary supplements. The region holds approximately 35% of the global market share, making it the largest market for Centella Asiatica Market. Regulatory support for natural products further fuels this growth, with agencies like the FDA promoting transparency in ingredient sourcing and labeling. Leading countries in this region include the United States and Canada, where major players like Sundown Naturals and BASF SE are actively involved. The competitive landscape is characterized by a mix of established companies and emerging brands focusing on innovative formulations. The presence of key players enhances market dynamics, ensuring a steady supply of high-quality Centella Asiatica Market products to meet consumer demand.

Europe : Regulatory Compliance and Innovation

Europe's Centella Asiatica Market is characterized by stringent regulatory frameworks that promote sustainable practices and product safety. The region accounts for approximately 30% of the global market share, making it the second-largest market. The European Union's regulations on cosmetic ingredients and herbal products encourage manufacturers to adopt eco-friendly sourcing and production methods, thus driving demand for Centella Asiatica Market in various applications. Key players in Europe include BASF SE and Kewpie Corporation, with countries like Germany and France leading the market. The competitive landscape is marked by innovation, with companies investing in research and development to create effective formulations. The presence of regulatory bodies ensures that products meet high safety and efficacy standards, further enhancing consumer trust in Centella Asiatica Market products.

Asia-Pacific : Emerging Markets and Growth Potential

The Asia-Pacific region is witnessing rapid growth in the Centella Asiatica Market, driven by increasing consumer interest in traditional medicine and natural skincare solutions. This region holds approximately 25% of the global market share, with countries like China and Japan leading the demand. The rise of e-commerce and social media marketing has further accelerated market penetration, making Centella Asiatica Market products more accessible to consumers. China is a significant player, with companies like Huangshan Huitong Pharmaceutical and Hunan Demei Pharmaceutical leading the charge. The competitive landscape is evolving, with both local and international brands vying for market share. The presence of key players and a growing middle class are expected to drive further expansion, making Asia-Pacific a vital region for Centella Asiatica Market's future growth.

Middle East and Africa : Untapped Potential and Growth

The Middle East and Africa region presents untapped potential for the Centella Asiatica Market, driven by increasing awareness of natural ingredients in beauty and wellness products. This region currently holds about 10% of the global market share, with a growing interest in herbal remedies and organic skincare solutions. Regulatory frameworks are gradually evolving to support the inclusion of natural ingredients, which is expected to catalyze market growth in the coming years. Countries like South Africa and the UAE are emerging as key players in this market, with local brands beginning to incorporate Centella Asiatica Market into their product lines. The competitive landscape is still developing, with opportunities for both local and international companies to establish a foothold. As consumer preferences shift towards natural and organic products, the region is poised for significant growth in the Centella Asiatica Market.

Centella Asiatica Market Regional Image

Key Players and Competitive Insights

The Centella Asiatica Market has gained considerable attention due to the increasing demand for natural ingredients in various industries, including pharmaceuticals, cosmetics, and dietary supplements. Centella Asiatica Market, widely known for its numerous health benefits and therapeutic properties, has attracted a wide range of market players who are keen on harnessing its unique attributes. The competitive landscape is characterized by a mix of established companies, emerging players, and suppliers who bring together expertise in sourcing, processing, and leveraging the advantages of this herbal ingredient.

As consumer awareness around health and wellness grows, businesses are capitalizing on the trend toward natural products, thereby intensifying competition within the segment. Understanding market dynamics, including production capacity, supply chain management, and product innovation, is crucial for companies operating in this space.Frutarom stands out in the Centella Asiatica Market due to its robust product portfolio and innovative approaches. The company has successfully established a strong market presence through its focus on research and development, enabling it to deliver high-quality Centella Asiatica Market extracts that cater to diverse consumer needs.

Frutarom emphasizes the importance of sustainability and traceability in its sourcing practices, fostering trust among consumers who prioritize environmentally friendly ingredients.

Furthermore, the company's commitment to rigorous quality control measures ensures that its products meet the highest safety and efficacy standards. By leveraging strategic partnerships and a global distribution network, Frutarom enhances its reach and accessibility in the market, all while developing customized solutions that align with the evolving demands of clients across different sectors that utilize Centella Asiatica Market.Nature's Way has carved a significant niche within the Centella Asiatica Market by capitalizing on its reputation for quality and efficacy in herbal supplements.

The brand's dedication to formulating products that are both effective and scientifically backed has contributed to its popularity among health-conscious consumers. Nature's Way focuses on delivering potent Centella Asiatica Market extracts, often combining them with other beneficial herbs to enhance their therapeutic properties. The company prides itself on stringent quality assurance protocols, ensuring that every product meets high standards of purity and potency. Nature's Way also actively engages with consumers through educational initiatives, helping to promote the understanding of the health benefits associated with Centella Asiatica Market.

This emphasis on consumer education and product integrity reinforces Nature's Way's position as a trusted brand in a competitive market.

Key Companies in the Centella Asiatica Market market include

Industry Developments

Recent developments in the Centella Asiatica Market indicate significant growth potential driven by the increasing consumer demand for natural and herbal skincare products. Companies like Estée Lauder and Herbalife are expanding their product lines to incorporate Centella Asiatica Market, known for its anti-inflammatory and skin-healing properties.

Additionally, collaborations and innovations are emerging from research institutions such as Swinburne University, focusing on the extraction and application of Centella Asiatica Market in new formulations.In terms of mergers and acquisitions, there are recent movements in the market, particularly involving companies like Amway and Indena, which are reported to be strengthening their portfolios by acquiring smaller firms specializing in herbal ingredients.

Hainan Zhonghe Pharmaceutical and Kewpie Corporation are also actively looking to enhance their market presence through strategic partnerships aimed at boosting their production capacities.The overall market valuation of companies involved in the Centella Asiatica Market sector is witnessing an upward trend, reflecting a heightened interest from investors and a strong commitment to sustainability and natural skincare, influencing the market dynamics significantly.

Future Outlook

Centella Asiatica Market Future Outlook

The Centella Asiatica Market is projected to grow at a 5.81% CAGR from 2024 to 2035, driven by increasing demand in cosmetics, pharmaceuticals, and natural remedies.

New opportunities lie in:

  • Expansion into emerging markets with tailored product lines
  • Development of innovative formulations for skincare applications
  • Strategic partnerships with wellness brands for co-marketing initiatives

By 2035, the Centella Asiatica Market is expected to achieve robust growth and diversification.

Market Segmentation

Centella Asiatica Market Form Outlook

  • Powder
  • Liquid
  • Extract
  • Capsule

Centella Asiatica Market Source Outlook

  • Wild Harvested
  • Cultivated

Centella Asiatica Market Application Outlook

  • Pharmaceuticals
  • Cosmetics
  • Food Beverages
  • Nutraceuticals

Centella Asiatica Market Distribution Channel Outlook

  • Online
  • Offline
  • Retail
  • Direct Sales

Report Scope

MARKET SIZE 20241.007(USD Billion)
MARKET SIZE 20251.066(USD Billion)
MARKET SIZE 20351.875(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.81% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBASF SE (DE), Huangshan Huitong Pharmaceutical (CN), Hunan Demei Pharmaceutical (CN), Kewpie Corporation (JP), MediHerb (AU), Natura & Co (BR), Sundown Naturals (US), The Green Labs (KR)
Segments CoveredApplication, Form, Source, Distribution Channel, Regional
Key Market OpportunitiesGrowing demand for natural skincare products enhances opportunities in the Centella Asiatica Market.
Key Market DynamicsRising consumer demand for natural skincare products drives innovation and competition in the Centella Asiatica market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Leave a Comment

FAQs

What is the projected market valuation of the Centella Asiatica Market by 2035?

The Centella Asiatica Market is projected to reach a valuation of 1.875 USD Billion by 2035.

What was the market valuation of Centella Asiatica in 2024?

In 2024, the Centella Asiatica Market was valued at 1.007 USD Billion.

What is the expected CAGR for the Centella Asiatica Market during the forecast period 2025 - 2035?

The expected CAGR for the Centella Asiatica Market during the forecast period 2025 - 2035 is 5.81%.

Which companies are considered key players in the Centella Asiatica Market?

Key players in the Centella Asiatica Market include BASF SE, Huangshan Huitong Pharmaceutical, Hunan Demei Pharmaceutical, Kewpie Corporation, MediHerb, Natura & Co, Sundown Naturals, and The Green Labs.

What segment of the Centella Asiatica Market had the highest valuation in 2024?

In 2024, the Pharmaceuticals segment had the highest valuation at 0.3 USD Billion.

How is the Centella Asiatica Market segmented by application?

The Centella Asiatica Market is segmented by application into Pharmaceuticals, Cosmetics, Food Beverages, and Nutraceuticals, with respective valuations in 2024.

What is the projected growth for the Cosmetics segment of the Centella Asiatica Market by 2035?

The Cosmetics segment is projected to grow from 0.25 USD Billion in 2024 to 0.45 USD Billion by 2035.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions