The business has successfully expanded its share in a highly fragmented market from 4% in 2007 to 11% in 2024 in the US through a combination of its “cluster” strategy and bolt-on acquisitions.
Botanical extracts market size was valued at USD 4.49 billion in 2023 and is projected to reach USD 9.91 billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.