Plant Extracts Market: Overview
A plant extract is an
active substance that is expelled from the tissue of a plant, for the most
part, by treating it with a dissolvable, to be utilized for a specific reason.
Extracts might be used in different applications such as practical foodstuff properties
(antioxidant, texturizer), Processing aids, additives – chemical replacers,
pharmaceuticals for therapeutic properties - preventive and curative –
cosmetics for functional properties for beauty and well-being, etc. Advances in
screening and partition advancements compute bioactivity with more prominent
efficiency and accuracy. Plant extracts are utilized for different
functionalities, for example, skin prescriptions, anti-irritants,
anti-infective, etc. These extracts have applications in distinctive areas, for
example, pharmaceuticals, food industry, cosmetics, and others.
Plant Extracts Market Forecast and Trends
Plant Extracts market anticipated to reach at US$ 57.82 billion with a
significant CAGR of 14.8% in the forecast period of 2019-2025. Factors such as rising R&D activities, rising plant extract advantages
awareness among the public over synthetic products, enhancement in demand for
food-boosting convenience, health benefits associated with herbal and
phytomedicines over other drugs contributing to rising demand for plant
extracts in the global market during the forecast period of 2019-2025.
awareness of synthetic flavors side effects
shift towards herbal phytomedicines over allopathic is the key factor
anticipated to drive the growth of the global plant extracts market with a
significant growth rate in the upcoming years 2019-2025. The key reason for
preference shift are rising R&D activities, increasing clean label product
demand, health benefits coupled with convenience food popularity.
The rising expenditure on
R&D activities in plant extract segments, coupled with a huge profit
margin, is the key factor expected to drive the growth of the global plant
extracts market in the forecast period of 2019-2025. Advantages related to
phytomedicines makes the global market lucrative to attract investor and
enhance the existing market growth trend.
fluctuation coupled with inadequate raw material supply
The price fluctuation
expected to hamper the growth in the global plant extract market due to the
presence of unorganized players. The inadequate supply is also anticipated to
hamper the market trend in a negative manner during the forecast period of
Plant Extracts Market: Type
On the basis of type, the
global plant extracts market is segmented into phytomedicines & herbal
extracts, essential oils, spices, and flavors & fragrances. The rising
industrial application associated with herbal extract and phytomedicines such as
skincare, functional food, and cosmetics coupled with rising health benefits is
the key factors anticipated to drive the demand of the phytomedicines segment
in the global market in the forecast period of 2019-2025. Rising premium
lifestyle changes, healthy eating trend, inclination toward herbal product
propelling the demand of global plant extract market in the upcoming years.
Plant Extracts Market: Application
On the basis of
application, the global plant extracts market is segmented into pharmaceuticals
& dietary supplements, food & beverages, cosmetics, and others.
Increasing healthcare expenditure and government initiatives are the key
factors for rising awareness associated with herbal medicines' advantages over
allopathic medicines and driving growth in the dietary supplement segment.
Changing lifestyle patterns, increasing stress, and chronic diseases are
increasing the demand for regular food and supplement consumption. The
nutritional supplements provide a positive impact on the functioning of the
target in addition to nutritional benefits, and all the advantages are
anticipated to drive the demand in the forecast period of 2019-2025.
Plant Extracts Market: Source
On the basis of the
source, the global plant extracts market is segmented into fruits, flowers, and
bulbs, leaves, rhizomes & roots, barks & stems, and others. Rising
preference shift towards herbal medicine with rising OTC side effects is the
key factor for the rising demand for herbs and leaves segment in the global
plant extract market. In addition, other advantages such as antioxidant and
antimicrobial properties making the herbs and leaves market lucrative and
anticipated to drive the growth trend during the forecast period of 2019-2025.
Plant Extracts Market: Regional Insights
Amidst geography, North
America is expected to hold the largest share in the plant extracts the market,
due to rising demand of organic extracts for the formulation of product in
various industries such as cosmetic, pharma, food, etc., rising concern related
to OTC medication side effects, increasing awareness associated with
antimicrobial efficacy of herbal extract. Followed by North America, Europe is
expected to share major market share contributions with factors such as the
enhancement rate of essential oil consumption, huge availability of aromatic
medicinal plants coupled with the rising food and beverage industry. Emerging
economies such as China, India creating a positive impact on the growth of
plant extract market with a rising demand of Chinese plant extract,
technological advancement coupled with rich medicinal plant heritage during the
forecast period of 2019-2025.
Objective of the Study:
To analyze and forecast the
global plant extracts market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the global plant extracts market into five regions,
namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin
America and their leading countries.
To outline, categorized and
forecast the global plant extracts market based on the type, application and
To examine competitive
developments like technological advancement, services, and regulative framework
within the global plant extracts market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
Flavors & fragrances
Phytomedicines & herbal extracts
Pharmaceuticals & dietary supplements
Food & beverages
Others (personal care products and toiletries)
Fruits, flowers, and bulbs
Rhizomes & roots
Barks & stems
Others (seeds, pods, and berries)
Middle East & Africa
International Flavors & Fragrances,
Synthite Industries Private Ltd.
PT. Indesso Aroma
PT. Haldin Pacific Semesta
Vidya Herbs Private Limited
Arjuna Natural Extracts Ltd.
Other Prominent Players
Answer by The Report
How will the market drivers, restraints and opportunities affect
the market dynamics?
What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Which segment dominates the market or region and one will be the
fastest growing and why?
A comprehensive survey of the competitive landscape and the market
Analysis of strategy adopted by the key player and their impact on
for The Client
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priority and that’s why BlueWeave Consulting offers customization according to
company’s specific needs. The following customization options are available for
With five additional company detail analysis
Additional country analysis
Detailed segment analysis