Plant Extracts Market Forecasts to 2028 – Global Analysis By Form (Dry/Powder and Liquid), Product Type (Non-Standardized Extracts and Standardized Extracts), Method, Source, Type, Application and By Geography
According to Stratistics MRC, the Global Plant Extracts Market is accounted for $29.06 billion in 2020 and is expected to reach $53.78 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Adverse side-effects of synthetic flavours, increasing health and wellness trend and growing vegan population are driving the market growth. However, stringent regulations and international quality standards are hampering the growth of the market.
Plant extracts is a substance that is extracted from plant and herbs. It has medicinal properties and is also a source of active compounds such as alkaloids, steroids, tannins, glycosides, volatile oils, phenols, and flavonoids. These active compounds are found in various part of the plants such as leaves, flowers, bark, seeds, fruits, and roots. Plant extracts are used in various industries such as food and beverage, cosmetic, pharmaceutical and others.
Based on the type, the phytomedicines & herbal extracts segment is going to have lucrative growth during the forecast period due to the increasing preference for herbal medicines. The excessive use of synthetic antibiotics has resulted in microorganisms developing resistance to them. Continuous intake of synthetic drugs has several side effects, such as hallucinations, racing heartbeat, and hypertension. These ill-effects of synthetic drugs can be overcome with the consumption of its counterpart, phytomedicines.
By geography, Asia Pacific is going to have high growth during the forecast period due to the development of new plant-based pharmaceuticals and the rise in the beverage industry, where consumer preferences continue to shift away from carbonated soft drinks toward alternative beverages with natural flavor loadings.
Some of the key players profiled in the Plant Extracts Market include Alkaloids Corp., BerryPharma AG, FT Technologies, Herbal Extract Company, Indena, Ingredia Nutritional, Kangcare Bioindustry Co. Ltd., Kuber Impex Ltd., Lehmann & Voss & Co. KG, Nantong Sihai Plant Extracts Co., Ltd., Naturex, Network Nutrition, Nutri-Pea Ltd., Organic Herb Inc. and Phytovation Ltd.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Form, Product Type, Method, Source, Type, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Product Types Covered:
• Non-Standardized Extracts
• Standardized Extracts
• Microwave Assisted Extraction
• Phytonics Process
• Supercritical Fluid Extraction
• Ultrasound-Assisted Extraction (UAE)
• Barks & Stems
• Fruits, Flowers and Bulbs
• Rhizomes & Roots
• Seeds, Pods & Berries
• Essential Oils & Natural Extracts
• Flavors & Fragrances
• Phytomedicines and Herbal Extracts
• Animal Nutrition
• Dietary Supplements
• Functional Food & Beverages
• Personal Care
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Key Questions Answered In The Report
The Global Plant Extracts Market is majorly driven by adverse side-effects of synthetic flavours, increasing health and wellness trend and growing vegan population.
The phytomedicines & herbal extracts segment is growing at a highest CAGR owing to increasing preference for herbal medicines. The excessive use of synthetic antibiotics has resulted in microorganisms developing resistance to them.
Asia Pacific dominated with a significant market share due to the factors such as development of new plant-based pharmaceuticals and the rise in the beverage industry, where consumer preferences continue to shift away from carbonated soft drinks toward alternative beverages with natural flavor loadings.
North America market is growing at a highest CAGR owing to due to the consumption of healthy foods by a majority of its population. It is projected to grow well in terms of plant extract production.
Key players in Plant Extracts Market include Alkaloids Corp., BerryPharma AG, FT Technologies, Herbal Extract Company, Indena, Ingredia Nutritional, Kangcare Bioindustry Co. Ltd., Kuber Impex Ltd., Lehmann & Voss & Co. KG, Nantong Sihai Plant Extracts Co., Ltd., Naturex, Network Nutrition, Nutri-Pea Ltd., Organic Herb Inc. and Phytovation Ltd.
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