Global Plant Extracts Market is valued at USD 11.68 Billion in 2021 and is expected to reach USD 20.59 Billion by 2028 with a CAGR of 11.2% over the forecast period.
Plant Extracts Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029.” Increased use of the natural product and wide applications are key drivers for Global Plant Extracts Market.
Plant extracts are the collection of various mixtures in the presence of solvent from different parts of plants. All the extracts consist of various properties which are used in various industries such as pharmaceutical, cosmetics and others. There are photochemical compound such as flavonoids, carotenoids and others used in various dietary supplements. So, during the study of Global Plant Extracts market, we have considered Plant Extracts type and application to analyze the market.
Global Plant Extracts Market report is segmented on the basis of product type, application type, form and by regional & country level. Based upon Product type, global Plant Extracts Market is classified as Spices, Essential Oils, Phytochemicals, Phytomedicines, and Others. Based upon Application type, global Plant Extracts Market is classified as pharmaceuticals, cosmetics, chemicals, food and beverages and others. Based upon form, global Plant Extracts Market is classified as Dry and Liquid.
The regions covered in this Plant Extracts Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Plant Extracts is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
The commercialization and growth of global Plant Extracts market over the past 25 years has been highly impactful. One of the major factors driving the growth of plant extract market over the forecast period is increased demand of herbal and homeopathy products and medicines. Due to the increase in consumer preferences over the forecast period has influenced the plant extracts market over the period of time. There is constant increase in the demand of Nutraceuticals and dietary supplements from customers due to the increased awareness among people about their uses which in turn increased the demand for plats extract for the manufacturing of those. Furthermore, increased use of cosmetics product among people due to the increased lifestyle are the actors expected to support the growth of plant extracts market over the forecast period.
North America dominates the market with highest market share due to the increasing heath benefits associated with dietary supplements and Nutraceuticals are expected to promote the growth of plant extract market. Europe is the second largest market for plant extracts due to the increased use of eco friendly products as compared to the synthetic products. There are various government regulation which have limited the use of synthetic raw materials in the manufacturing of final product. Asia Pacific is the third and largest growing region of plant extracts market over the forecast period. Due to the changing consumer preferences among customers due to the increased awareness about natural products are expected to promote the growth of plant extract market. Furthermore, increase in the preferences in homeopathic medicine due to the few or no side effects are expected to actively support the growth of plant extracts market over the forecast plants.
|Forecast Period||2022 - 2029|
|Market Size in 2021:||
USD 11.68 Billion
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2029:||
USD 20.59 Billion
|Tables, Charts & Figures:||175|
|Organic Herb Inc., Lehmann & Voss & Co., Nantong Sihai Plant Extracts Co., Ltd, Indena USA Inc., MB-Holding GmbH & Co.KG, Kalsec Inc, Plant Extracts International Inc, Alkaloids Corporation, Prinova Group, K Patel Group, Symrise AG, Sensient Technologies Corporation, Givaudan, Synergy Flavors, Synthite Industries Private LTD, PT Indesso Aroma, Vidya Herbs Private Ltd., Naturex Inc., and others.|
By Product type , By Application , By Form
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|