South Korea Botanical Extracts Market Size was estimated at 162.54 (USD Million) in 2023.The South Korea Botanical Extracts Market is expected to grow from 179.01(USD Million) in 2024 to 479 (USD Million) by 2035. The South Korea Botanical Extracts Market CAGR (growth rate) is expected to be around 9.36% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The growing customer preference for natural and organic products is behind the significant rise of the South Korean botanical extracts market. Demand for botanical extracts is rising across a number of industries, including food and beverage, cosmetics, and pharmaceuticals, as consumers become more conscious of their advantages.
Government programs encouraging sustainable practices and healthy lifestyles further assist this move towards natural ingredients, which is consistent with South Korea's emphasis on environmental awareness and well-being. The growing demand for plant-based formulations and herbal supplements presents potential opportunities in the South Korean industry.
Given the noticeable trend of using plant extracts in skincare and haircare products, the beauty and personal care sector has a lot of promise. Brands may take advantage of South Korea's dominance in the global beauty market by investigating cutting-edge botanical compositions that appeal to customers seeking products that are both safe and effective.
Consumer interest in indigenous plants and traditional herbal medicines suggests that native botanical sources are becoming more and more popular in South Korea. As a result, the market is now paying more attention to ethical and sustainable sourcing methods.
As consumers look for community support and information on natural products, the growth of social media and internet platforms is also having an impact on their behavior. South Korea is a promising region for growth in this market because of the dynamic environment being created for botanical extracts by the fusion of traditional expertise with contemporary uses.
South Korea Botanical Extracts Market Drivers
Rising Consumer Demand for Natural Products
In South Korea, there has been a significant shift toward the consumption of natural and organic products, which is a major driver of growth in the South Korea Botanical Extracts Market. According to a survey conducted by the Ministry of Food and Drug Safety, about 65% of South Korean consumers are inclined to purchase natural alternatives, reflecting an increasing awareness of health and wellness.
This growing preference for natural ingredients over synthetic options is fostering the demand for botanical extracts across various sectors, including food and beverages, cosmetics, and dietary supplements.
Major companies such as Amorepacific, which focuses on utilizing traditional Korean herbs in their beauty products, are contributing to this trend by reformulating their product lines with botanical extracts.
Furthermore, with an expected annual growth rate of 12% in the organic food market in South Korea, the demand for botanical extracts is projected to soar, leading to a robust growth trajectory in the coming years.
Government Initiatives Supporting Botanical Research
The South Korean government has implemented various initiatives aimed at promoting Research and Development (R&D) in the field of botanical extracts. The Ministry of Science and Technology is investing significantly in research programs focusing on bioactive compounds derived from plants.
This investment not only enhances innovation within the industry but also facilitates collaborations between universities and companies, leading to the development of new products.
In 2021, the government allocated approximately 500 million USD to support biotechnology research, which includes botanical extracts, thereby fostering growth in the South Korea Botanical Extracts Market. As these new botanical extracts enter the market, they provide competitive advantages for businesses, which is likely to accelerate market expansion.
Growth of the Cosmetic and Personal Care Market
The booming cosmetic and personal care industry in South Korea plays a pivotal role in driving the growth of the South Korea Botanical Extracts Market. South Korea is recognized as one of the world's leading cosmetic markets, with a market size expected to reach 13 billion USD by 2025.
This growth is driven by consumers' increasing preference for plant-based ingredients, which are viewed as safer and more effective compared to synthetic alternatives.
Major cosmetic brands such as Innisfree have built their reputation on harnessing the power of botanical extracts from Korean flora, thereby establishing a strong presence in the global market. As consumer awareness about product ingredients continues to rise, the demand for botanical extracts in cosmetics is expected to experience a steady increase.
Emerging Health Trends and Preventive Healthcare
There is a growing trend towards preventive healthcare in South Korea, significantly influencing the South Korea Botanical Extracts Market. With health-conscious consumers seeking natural remedies for wellness, botanical extracts are increasingly being recognized for their health benefits.
According to the Korean Ministry of Health and Welfare, 74% of South Koreans now prioritize preventive measures to maintain their health. This trend has fostered a surge in demand for dietary supplements featuring botanical extracts known for their potential therapeutic properties.
Companies like CJ CheilJedang are leading the charge by introducing innovative products that promote health and immunity, capitalizing on this shift toward preventive health measures. As awareness continues to grow, the integration of botanical extracts into health products is expected to bolster the market significantly.
The South Korea Botanical Extracts Market, with its focus on various forms, is witnessing a notable expansion as consumers increasingly prioritize natural and plant-derived products in their daily lives. The Form segment is a critical component of this market, characterized primarily by two key categories: Powder and Liquid.
The Powder segment enjoys significant popularity due to its versatility and ease of incorporation into various applications such as dietary supplements, food products, and cosmetics. Powders derived from botanical sources allow for precise dosage control, making them an attractive choice for consumers as they can seamlessly integrate these supplements into their routines.
Meanwhile, the Liquid form is favored for its rapid absorption rates, making it ideal for those seeking immediate health benefits. Liquid extracts are often employed in beverages and personal care products, reflecting consumer preferences for quick and effective solutions.
The rising trend of wellness and preventative healthcare in South Korea has catalyzed the growth of both forms, leading to an increase in availability and innovation within these product categories. Additionally, as consumer awareness of traditional Korean herbal remedies grows, there is an escalating demand for these botanical extracts in both domestic and export markets.
This evolving landscape is supported by favorable government policies that promote natural ingredient sourcing and sustainable practices, empowering local producers. Challenges remain in terms of strict regulatory requirements and quality control, yet the opportunities for expansion and innovation in the Form segment continue to drive the South Korea Botanical Extracts Market forward.
Market growth is supported by increasing research and development activities aimed at discovering new applications for botanical extracts in various industries, including food and beverages, pharmaceuticals, and cosmetics.
As a result, the South Korea Botanical Extracts Market is poised for a dynamic evolution, with both the Powder and Liquid forms playing pivotal roles in catering to the rising consumer demand for health-conscious products that align with their lifestyle choices.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korea Botanical Extracts Market, especially focusing on the Source segment, has been witnessing a gradual shift towards natural extracts driven by consumer demand for organic and plant-based products. In this landscape, herbs and spices, as well as fruits, emerge as significant contributors to the market.
The health benefits associated with herbal extracts, such as anti-inflammatory and antioxidant properties, have led to their increased popularity among health-conscious consumers. Additionally, fruits offer unique flavors and nutritional advantages, further enhancing their importance in culinary applications and dietary supplements.
This growing trend towards the use of botanicals in cosmetics, food, and beverages is also supported by an expanding interest in sustainable sourcing methods, aligning with South Korea's commitment to environmentally friendly practices.
Overall, this Source segment is characterized by its diverse range of applications and a strong alignment with health and wellness trends, making it a pivotal area within the broader South Korea Botanical Extracts Market.
The Application segment of the South Korea Botanical Extracts Market plays a vital role in driving revenue and growth within the industry. This segment is diverse, encompassing areas such as Food, Beverages, Personal Care, and Pharmaceuticals and Nutraceuticals.
The Food and Beverages applications utilize botanical extracts for their flavoring and natural preservative properties, reflecting a significant shift toward health-conscious consumption trends among South Koreans. Personal Care products leverage these extracts for their natural origins and skin benefits, aligning with the growing consumer preference for clean and sustainable beauty products.
The Pharmaceuticals and Nutraceuticals segment is significant as it provides health benefits and preventive care solutions, positioning itself as increasingly dominant in an aging population that seeks natural alternatives for wellness.
Overall, the South Korea Botanical Extracts Market segmentation reflects a clear trend toward integrating natural and organic ingredients into everyday products, supported by consumer demand for health, wellness, and sustainability alongside growing investments in research and development.
While the sub-segments differ in their applications, they collectively contribute to the overarching growth and innovation within the South Korea Botanical Extracts Market.
The South Korea Botanical Extracts Market is witnessing dynamic growth and intensifying competition, largely driven by increasing consumer awareness regarding health and wellness along with a corresponding rise in demand for natural ingredients in food, cosmetics, and pharmaceuticals.
This market is marked by the presence of various global and local players who are continually enhancing their product offerings to cater to diverse consumer needs. The competitive landscape is characterized by companies investing in research and development to innovate and introduce new botanical extracts that offer various health benefits.
Furthermore, the consumer trend towards cleaner labels and organic products has encouraged many manufacturers to source and utilize plant-derived extracts, thereby increasing the competitive rivalry in this sector. As sustainability becomes a focus, companies are emphasizing the ethical sourcing of botanical materials and their environmental impact, shaping the competitive strategy in the market.
Sabinsa Corporation has established a strong foothold in the South Korea Botanical Extracts Market by leveraging its extensive research and development capabilities. The company is noted for its high-quality botanical extracts that adhere to strict quality standards and regulations.
Leveraging its decades of expertise, Sabinsa has cultivated a reputation for innovation by developing novel products that cater to the rising demand for health-oriented supplements. Its strong distribution network and collaborations with other firms enhance its market presence in South Korea, allowing it to reach diverse segments effectively.
The company’s commitment to sustainability and ethical sourcing strengthens its brand image, further contributing to its competitive edge in the region. Sabinsa Corporation's emphasis on science-backed efficacy and safety in its products continues to resonate well with consumers increasingly concerned about the origins and benefits of their health supplements.
Nature's Way also plays a significant role in the South Korea Botanical Extracts Market by offering a diverse range of herbal products and dietary supplements. Known for its commitment to quality and efficacy, Nature's Way ensures that its extracts are formulated from the finest sources, meeting rigorous quality control measures.
The company is recognized for its prominent product lines that include herbal extracts, vitamins, and immune support supplements which align well with current market trends towards preventive healthcare. Its strong market presence is supported by effective marketing strategies that emphasize the natural origin and health benefits of its products.
Nature's Way continually seeks to strengthen its competitive position through strategic partnerships and collaborations, focusing on expanding its distribution channels across South Korea. The company remains committed to innovation and consumer education, ensuring that its extensive portfolio meets the evolving preferences of health-conscious consumers in this region.
Key Companies in the South Korea Botanical Extracts Market Include
South Korea Botanical Extracts Market Developments
Recent developments in the South Korea Botanical Extracts Market reflect growth and increased interest from key players. Companies like Sabinsa Corporation and Nature's Way are actively expanding their portfolios, focusing on natural and organic products, catering to a rising consumer preference for health-conscious and sustainable options.
In September 2023, Allergan announced a strategic initiative to enhance its product line with botanical extracts, emphasizing its role in skincare formulations. Major players like Amorepacific and LG Household and Health Care are investing significantly in Research and Development to innovate new extraction technologies.
There have been notable mergers, such as Miseal's acquisition of a local herbal brand in July 2023, which aligns with the trend of companies aiming to diversify their product offerings. Furthermore, the market valuation for firms involved in botanical extracts has seen positive growth, with forecasts estimating a compound annual growth rate of over 5% from 2023 to 2028.
This expansion is supported by the South Korean government's initiatives promoting traditional herbal medicine, enhancing the integration of botanical extracts into both food and cosmetic sectors, thus driving overall market dynamics.
Botanical Extracts Market Form Outlook
Botanical Extracts Market Source Outlook
Botanical Extracts Market Application Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 162.54(USD Million) |
| MARKET SIZE 2024 | 179.01(USD Million) |
| MARKET SIZE 2035 | 479.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.36% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Sabinsa Corporation, Nature's Way, Nutraceutical Corporation, Allergan, Amorepacific, Miseal, Nexira, Kwangdong Pharmaceutical, LG Household and Health Care, Sempio Foods Company, A.J. Knudsen, Herbaflore, Herbalife Nutrition Ltd, Hanmi Pharmaceutical, Ilhwa |
| SEGMENTS COVERED | Form, Source, Application |
| KEY MARKET OPPORTUNITIES | Rising demand for natural ingredients, Expanding herbal cosmetics sector, Growing wellness and health trends, Increasing application in food industry, Surge in eco-conscious consumer preferences |
| KEY MARKET DYNAMICS | growing health consciousness, increasing demand for natural products, expanding applications in cosmetics, government support for herbal industry, rise of e-commerce platforms |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Botanical Extracts Market is expected to be valued at 179.01 million USD in 2024.
By 2035, the market is anticipated to grow to 479.0 million USD.
The expected compound annual growth rate is 9.36% during the period from 2025 to 2035.
The powdered botanical extracts market is valued at 67.2 million USD in 2024.
The market for powdered extracts is projected to reach 198.9 million USD by 2035.
The liquid botanical extracts market is valued at 111.81 million USD in 2024.
The market for liquid botanical extracts is anticipated to grow to 280.1 million USD by 2035.
Major players include Sabinsa Corporation, Nature's Way, and Allergan among others.
The market is witnessing trends towards natural products, health consciousness, and increased usage in nutraceuticals.
Challenges include regulatory hurdles and competition from synthetic alternatives affecting growth.
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