The Global Lycium Extract Market was valued at USD 18 million in 2023 and is projected to reach USD 25.84 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.10% during the forecast period (2024–2032). This expansion is driven by rising consumer demand for natural antioxidants, increasing applications in functional foods, and growing scientific validation of Lycium barbarum’s health benefits.
As the nutraceutical sector shifts toward plant-based bioactives, Lycium extract (derived from Goji berries) has emerged as a premium ingredient with clinically validated health benefits. In this analysis, we examine the Top 10 Companies in the Lycium Extract Market—innovators who are standardizing extraction processes and expanding applications across dietary supplements, functional foods, and cosmeceuticals.
🔟 1. Novoherb
Headquarters: Shaanxi, China
Key Offering: Certified Organic Lycium Extract (10:1, 20:1)
A pioneer in botanical extraction technologies, Novoherb operates vertically integrated facilities from organic cultivation to premium-grade extracts. Their patented low-temperature extraction preserves the full spectrum of bioactive polysaccharides.
Technological Advantages:
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Proprietary CO2 supercritical extraction system
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HPLC-verified polysaccharide content (LBP-1 to LBP-4)
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USDA Organic, EU Organic, and JAS certifications
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9️⃣ 2. Naturalin Bio-Resources
Headquarters: Hunan, China
Key Offering: Standardized Lycium Polysaccharide Extracts
Naturalin specializes in precision extraction of bioactive compounds, with ISO 22000 and FSSC 22000 certified facilities supplying global nutraceutical brands.
Technological Advantages:
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Molecular sieving technology for targeted polysaccharide fractions
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Validated ORAC values (≥25,000 μTE/g)
8️⃣ 3. Xi’an Sinuote Bio-Tech
Headquarters: Shaanxi, China
Key Offering: Nano-Lycium™ Enhanced Absorption Formulas
This innovator applies nanotechnology to create bioavailable Lycium extracts with particle sizes below 100nm, significantly improving bioavailability for premium supplement applications.
Technological Advantages:
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Proprietary nano-emulsion technology
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Clinical absorption studies demonstrating 3× bioavailability
7️⃣ 4. HZJHBIO
Headquarters: Shaanxi, China
Key Offering: Pharmaceutical-Grade Lycium Polysaccharides
Specializing in clinical-grade materials, HZJHBIO produces the purest LBP fractions (≥95% purity) for research institutions and therapeutic applications.
Technological Advantages:
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Affinity chromatography purification
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GMP certified production facilities
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6️⃣ 5. Pioneer Herb
Headquarters: Shaanxi, China
Key Offering: Whole Spectrum Lycium Extracts
With direct access to Ningxia’s premium Goji growing regions, Pioneer Herb specializes in full-spectrum extracts preserving the complete phytochemical profile.
Technological Advantages:
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Cold-chain processing from harvest to extraction
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Traditional Chinese Medicine-compliant formulations
5️⃣ 6. Xi’an Fengzu Biological Technology
Headquarters: Shaanxi, China
Key Offering: Custom Lycium Extract Blends
Fengzu provides tailored extract solutions combining Lycium with complementary botanicals like astragalus and ginseng for synergistic formulations.
Technological Advantages:
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Patented botanical synergy matrix
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R&D partnerships with major supplement brands
4️⃣ 7. Xi’an Greena Biotech
Headquarters: Shaanxi, China
Key Offering: Organic Spray-Dried Lycium Powder
Greena Biotech’s gentle processing creates 100% soluble powders ideal for functional beverage applications while preserving antioxidant activity.
Technological Advantages:
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Low-temperature spray drying
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NO additives or carriers
3️⃣ 8. Xi’an Natural Field Bio-Technique
Headquarters: Shaanxi, China
Key Offering: Standardized 4:1 Lycium Extract
Specializing in consistent extract ratios, this company provides HPLC-validated materials with guaranteed polysaccharide content for supplement manufacturers.
Technological Advantages:
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Batch-to-batch consistency protocols
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Stable polysaccharide complexes
2️⃣ 9. Lotioncrafter
Headquarters: Washington, USA
Key Offering: Cosmetic-Grade Lycium Extracts
This U.S.-based manufacturer produces dermatologically tested Lycium extracts optimized for anti-aging and skin-brightening cosmetic formulations.
Technological Advantages:
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Cold-processed water-soluble extracts
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Clinical skin efficacy data
1️⃣ 10. The Good Scents Company
Headquarters: Wisconsin, USA
Key Offering: Solvent-Free Lycium Flavor Extracts
A leader in natural flavors, this company provides food-grade Lycium extracts for functional beverage and gourmet food applications.
Technological Advantages:
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GRAS-certified extraction methods
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Terroir-specific flavor profiles
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🔬 Outlook: Precision Extraction and Scientific Validation Driving Market Evolution
The Lycium extract sector is transitioning from commodity ingredients to clinically validated bioactive compounds, with these developments shaping the industry’s trajectory.
📈 Market-Forming Trends:
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Pharmaceutical research into LBP fractions for ocular and metabolic health
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Clean-label demand spurring solvent-free extraction innovations
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Blockchain integration for full supply chain transparency
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Personalized nutrition creating demand for customizable extract profiles
Strategic Market Opportunities
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Medical nutrition applications — Emerging research links specific Lycium polysaccharides to ocular, glycemic, and immune benefits.
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Pet nutrition sector — Growing demand for natural antioxidants in premium pet supplements.
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Sports nutrition formulations — Lycium’s adaptogenic properties are gaining traction in performance products.
Get Full Report Here: Lycium Extract Market – View in Detailed Research Report
These industry leaders are transforming traditional botanical knowledge into standardized, science-backed ingredients—bridging ancient wisdom with modern nutritional science.