Thyme Extract Market Overview:
Global thyme extract market size and share is currently valued at USD 132.62 million in 2023 and is anticipated to generate an estimated revenue of USD 216.04 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Rising Consumer Preference for Natural Products: Growth in demand for herbal and plant-based ingredients.
- Health and Wellness Trends: Use of thyme extract in supplements, pharmaceuticals, and functional foods.
- Expanding Personal Care Industry: Application in skincare and haircare due to antimicrobial properties.
- Food Industry Growth: Increasing use as a natural flavoring agent and preservative.
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Key Companies in Thyme Extract Market:
- Ecuadorian Rainforest LLC
- Foodchem International Corporation
- IL Health Beauty Natural Oils Co. Inc.
- MB-Holding GmbH Co. KG
- NOW Health Group Inc.
- Penta International Corporation
- Reincke und Fictner GmbH
- Shaozing Marina Biotechnology
- Sigma-Aldrich Co. LLC.
- The John D. Walsh Company Inc.
- The Lebermuth Co. Inc.,
- Treatt Plc
Thyme Extract Market Research Scope
The thyme extract market research focuses on applications in food, pharmaceuticals, and personal care industries. It evaluates demand for its natural antimicrobial and antioxidant properties, particularly in functional foods, dietary supplements, and skincare products. Regional analysis covers North America, Europe, and Asia-Pacific, driven by growing consumer preference for plant-based and organic products. The study explores production trends, sourcing challenges, and innovations in extraction techniques. Competitive insights include key players, product offerings, and market strategies. The research highlights growth opportunities in clean-label products and natural preservatives, alongside challenges like raw material availability.
Thyme Extract Market Segmentation:
The thyme extract market is segmented by type, application, and region. Types include liquid, powdered, and oil-based extracts. Applications span food and beverages, pharmaceuticals, dietary supplements, and personal care products. Regional segmentation covers North America, Europe, Asia-Pacific, and Rest of the World, driven by demand for natural and clean-label products. Further segmentation by extraction method, such as steam distillation and solvent extraction, highlights production trends and cost dynamics. This segmentation helps stakeholders understand consumer preferences and regional demand variations in various end-use industries.
Thyme Extract Market, Form Outlook (Revenue – USD Million, 2019-2032)
- Powder
- Liquid
Thyme Extract Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Food & Beverages
- Pharmaceuticals
- Sore Throat
- Antiseptic
- Personal Care & Cosmetics
- Detergent
- Creams
- Others
Thyme Extract Market, Nature Outlook (Revenue – USD Million, 2019-2032)
- Organic
- Conventional
Thyme Extract Industry Developments:
In January 2021, BioSafe Systems announced a strategic partnership with Lidan Inc. to manufacture, market, and distribute its innovative crop protection solution, “Guarda,” which features thyme oil as a key ingredient.
In September 2022, Able C&C, a global leader in K-beauty skincare and cosmetics, launched a new herb-and-root-based skincare brand called ‘Chogongjin.’ The brand’s proprietary formulation includes thyme extract, Korean angelica extract, Cornelian cherry extract, and ginseng, offering five collections designed to address various skin care needs.
The Thyme Extract market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.