Pro
Food & Beverage
Europe Plant Extracts Market By Country
| Label | Phytomedicines & Herbal Extracts | Essential Oils | Spices | Flavors & Fragrances |
|---|---|---|---|---|
| 2019 | 3541.3 USD Mn | 2765 USD Mn | 2028.9 USD Mn | 1952.3 USD Mn |
| 2020 | 3680.5 USD Mn | 2883.6 USD Mn | 2101.1 USD Mn | 2034.6 USD Mn |
| 2021 | 3860.4 USD Mn | 3034.9 USD Mn | 2196.9 USD Mn | 2139 USD Mn |
| 2022 | 4061.8 USD Mn | 3204.7 USD Mn | 2304 USD Mn | 2256.7 USD Mn |
| 2023 | 4278 USD Mn | 3387.6 USD Mn | 2418.7 USD Mn | 2381.1 USD Mn |
| 2024 | 4509.6 USD Mn | 3583.2 USD Mn | 2541 USD Mn | 2516.7 USD Mn |
| 2025 | 4758 USD Mn | 3793.7 USD Mn | 2672 USD Mn | 2661.7 USD Mn |
| 2026 | 5025.2 USD Mn | 4020.8 USD Mn | 2812.6 USD Mn | 2817.8 USD Mn |
| 2027 | 5312.5 USD Mn | 4265.5 USD Mn | 2963.3 USD Mn | 2986 USD Mn |
| 2028 | 5621.7 USD Mn | 4527.9 USD Mn | 3124.1 USD Mn | 3164.3 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Europe Plant Extracts Market By Type market is on a steady long-term growth path. Segment value stands at roughly USD 14676 Mn in 2026 and is projected to reach USD 16438 Mn by 2028 — a gain of about 12% over the forecast period, translating to a CAGR in the mid-single digits.
- Phytomedicines & Herbal Extracts is the biggest of 4 groups as of 2028, at 5. 62B USD (34% of the combined total).
- What the regional split looks like (2026): Phytomedicines & Herbal Extracts leads, holding roughly 34% of segment value — the single largest regional share. Essential Oils is the second-largest contributor. Flavors & Fragrances and Spices make up the remainder, in descending order.
- By 2028, Phytomedicines & Herbal Extracts alone is expected to reach USD 5622 Mn, with Essential Oils at USD 4528 Mn.
Market Dynamics
Phytomedicines & Herbal Extracts is the biggest of 4 groups as of 2028, at 5.62B USD (34% of the combined total).
Essential Oils follows at 4.53B USD, 19% smaller than Phytomedicines & Herbal Extracts.
Phytomedicines & Herbal Extracts climbs from 3.54B USD (2019) to 5.62B USD (2028), a 59% gain.
Essential Oils: 2.77B USD to 4.53B USD, 64% higher by 2028.
Flavors & Fragrances grows to 3.16B USD by 2028, from 1.95B USD in 2019 — 62% up.
Spices: 2.03B USD in 2019 to 3.12B USD by 2028, up 54%.
By rate of change, not size, Essential Oils is the standout — 64% growth, faster than the rest of the group.
The 4-group total: 10.29B USD in 2019, 16.44B USD by 2028, 60% overall.
Reading A Multi-Series Chart
With 4 series on one chart, the shape that matters is how the ranking shifts over time, not just where each line starts or ends.
Do not confuse "biggest" with "fastest-growing" — they are frequently different series on a chart like this one, and the gap between them can close faster than the current ranking suggests.
For planning purposes, the end-year figure and the growth rate are the two numbers that matter. Together they show how large the Europe Plant Extracts market is projected to become and how quickly it gets there.
Figures before the 2018 base year are historical estimates; the years through 2028 are projections built from industry data, company revenues, and primary interviews. Forecasts are revised as new data comes in, so check the full report for the latest assumptions.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.