The global plant extracts market size is expected to reach around US$ 22.49 billion by 2030 from US$ 10.19 billion in 2021 and is expected to grow at an impressive double-digit rate of 9.2% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global plant extracts market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Plant extracts have huge demand from healthcare industry and hence are mainly used in this industry. These substances have extraordinary therapeutic properties. As a result, they're widely used in a variety of treatments. The worldwide plants extract market is expected to increase at an exponential rate through time as a result of these applications. Furthermore, several exotic plants are employed in aromatherapy therapies like sauna and massage. These applications are also a primary driver of the global plant extract market's current expansion.
Unlike most chemical-based substances used in personal care and cosmetics, medications, and food and beverage items, natural extracts have no negative side effects. Furthermore, environmental and natural ingredient sourcing has become a primary priority for businesses, particularly in North America and Europe. Natural extracts are expected to stimulate product demand in pharmaceutical and nutraceutical applications due to their numerous overall health advantages. These factors are anticipated to have a substantial impact on product demand in the near future.
Herbal medications are mainly sold as dietary supplements or nutraceuticals with health claims in regions such as North America, which are pre-approved by the Food and Drug Administration (FDA) under the Dietary Supplements Health and Education Act. In comparison to traditional pharmaceuticals, these items are subject to less strict FDA regulations. The European countries are a prominent manufacturers and consumers of pharmaceutical products. Europe region will emerge as a key market for nutraceuticals, drugs, and alternative drugs. The European market is forecasted to grow with significant CAGR over the coming years thanks to the growing older population that has driven the demand for pharmaceuticals and nutraceuticals in the region.
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Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 10.19 Billion
- Market Size Is Projected to Grow By 2022: US$ 11.12 Billion
- Market Size Is Projected to Grow By 2023: US$ 12.14 Billion
- Market Size Is Projected to Grow By 2024: US$ 13.25 Billion
- Market Size Is Projected to Grow By 2025: US$ 14.46 Billion
- Market Size Is Projected to Grow By 2026: US$ 15.79 Billion
- Market Size Is Projected to Grow By 2027: US$ 17.25 Billion
- Market Size Is Projected to Grow By 2028: US$ 18.84 Billion
- Market Size Is Projected to Grow By 2029: US$ 20.58 Billion
- Market Size Is Projected to Grow By 2030: US$ 22.49 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 9.2 percent
Report Highlights
- The food and beverage held the largest market share in application segment with more than 45% revenue coming from food & beverages industry. The rising demand for safe, natural, and minimally processed food products from all over the world has emerged as the major factor boosting the expansion of plant extracted ingredients in the food industry.
- Dried crops category held the largest market share in 2020 in product type segment. The rising requirement for dried crops in the sectors of end-use such as food & beverage is likely to foster the demand for dried crops.
Market Dynamics
Driver
Growing Demand for Natural Flavors from Food & Beverages, and Cosmetic Industry Boosting Market Growth
Even though synthetic antioxidants in addition to flavors have already been traditionally used, safety problems have been brought up over time. Moreover, over the past few years consumer awareness regarding side effects associated with synthetic ingredients is usually increasing. Long-term consumption of synthetic anti-oxidants might result in well-being issues, such since skin allergies, stomach tract problems in addition to in some instances increased the particular risk of tumor. To go together with the consumer move towards natural elements, manufacturers are likewise using more normal extracts within their items. Use of normal antioxidants allows makers to fulfill the particular requirements of customers for cleaner-label items with exclusive normal ingredients.
Some herb extracts used since antioxidants are typically exacted from grape seeds, green teas, pine bark, rosemary, pomegranates. These items have got similar or much better properties when compared with natural antioxidants. Sage in addition to rosemary essential skin oils exhibited similar antioxidant properties to BHT in refrigerated porcine liver pâté. This kind of trend is boosting the interest involving researchers for fresh innovating flavors from natural extracts without affecting the consumers’ perceptions along with the good quality of the ultimate products.
Restraint
Strict regulations and Various quality standards for Various Countries Restraints Market Growth
Although demand for plant extracts is increasing all over the world, there are also strict guidelines for use of these products. Some plant extracts that are being used in traditional drugs in several portions of the world are seen to contain toxic chemicals that may direct to severe side effects or even demise. Throughout order to give protection to the use of these potentially dangerous herbs, attention and safety management methods are required, for example they must move through proper finalizing procedures for the purpose of normalizing the toxicity or reducing the side effects prior to use. They must use under stringent methods of control and supervision by experienced and/or trained staff members. When poisoning and accidents related to the use of these dangerous herbal remedies occur, proper medical treatment should receive immediately. Member Areas should promote and be sure the safe use of potentially toxic herbal remedies and their formulations. Member States ought to establish national insurance policies to achieve effective control of natural and organic safe practices and fortify threat assessment and management. Such complex rules and regulations might hinder market growth over the forecast period.
Opportunity
Opportunities in Invention and Innovation of New Herbs and Spices
As the consumer demand for natural products from all the industry verticals is growing, opportunities lies in inventing new ingredients from new plant species. Market players can launch new products with new natural ingredients which will give better results than synthetic ingredients. Investing in R&D facilities will give market players opportunity to bring new products in the market and increase consumer reach through it.
Challenges
Absence of Advanced Biotechnologies Procedures to Challenge Market Growth
The lack of advanced biotechnologies for efficient extraction in low-income areas, supply chain inefficiencies, and price sensitivity are all issues for the natural extracts sector. Furthermore, in many countries, such as India and China, awareness of organic farming and production without the use of toxic agrochemicals is minimal. This aspect limits growers' and farmers' options for obtaining products that meet particular criteria, such as organic-certified items in many European countries.
Why should you invest in this report?
If you are aiming to enter the global plant extracts market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plant extracts are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global plant extracts market include:
- Givaudan
- Sensient Technologies
- Symrise AG
- KangcareBioindustry Co, Ltd.
- PT. Indesso Aroma
- Vidya Herbs Private Limited
- Shaanxi JiahePhytochem Co. Ltd.
- Synthite Industries Private Ltd.
- Döhler
- International Flavors & Fragrances Inc.
Segments Covered in the Report
By Product
- Essential Oils
- Oleoresins
- Herbal Extracts
- Natural Colors
- Dried Crops
- Spices
- Flavors & Fragrances
By Application
- Personal Care & Cosmetics
- Food & Beverage
- Animal Feed
- Pharmaceuticals
- Nutraceuticals
- Others
By Sources
- Fruits, flowers and bulbs
- Leaves
- Barks & stems
- Rhizomes & roots
- Others
By Form
- Powder
- Liquid
By Method
- Maceration
- Infusion
- Decoction
- Percolation
- Soxhlet
- Ultrasound-Assisted Extraction
- Supercritical Fluid Extraction
- Phytonics Process
- Microwave Assisted Extraction
- Others
Regional Analysis:
The geographical analysis of the global plant extracts market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global plant extracts Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global plant extracts market in 2030?
- What is the expected CAGR for the plant extracts market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global plant extracts market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plant Extracts Market
5.1. COVID-19 Landscape: Plant Extracts Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plant Extracts Market, By Product
8.1. Plant Extracts Market, by Product Type, 2022-2030
8.1.1. Essential Oils
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Oleoresins
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Herbal Extracts
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Natural Colors
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Dried Crops
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Spices
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Flavors & Fragrances
8.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Plant Extracts Market, By Application
9.1. Plant Extracts Market, by Application, 2022-2030
9.1.1. Personal Care & Cosmetics
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Food & Beverage
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Animal Feed
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Pharmaceuticals
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Nutraceuticals
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Plant Extracts Market, By Sources
10.1. Plant Extracts Market, by Sources Type, 2022-2030
10.1.1. Fruits, flowers and bulbs
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Leaves
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Barks & stems
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Rhizomes & roots
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Plant Extracts Market, By Form
11.1. Plant Extracts Market, by Form Type, 2022-2030
11.1.1. Powder
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Liquid
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Plant Extracts Market, By Method
12.1. Plant Extracts Market, by Method, 2022-2030
12.1.1. Maceration
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Infusion
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Decoction
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Percolation
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Soxhlet
12.1.5.1. Market Revenue and Forecast (2017-2030)
12.1.6. Ultrasound-Assisted Extraction
12.1.6.1. Market Revenue and Forecast (2017-2030)
12.1.7. Supercritical Fluid Extraction
12.1.7.1. Market Revenue and Forecast (2017-2030)
12.1.8. Phytonics Process
12.1.8.1. Market Revenue and Forecast (2017-2030)
12.1.9. Microwave Assisted Extraction
12.1.9.1. Market Revenue and Forecast (2017-2030)
12.1.10. Others
12.1.10.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Plant Extracts Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.3. Market Revenue and Forecast, by Sources (2017-2030)
13.1.4. Market Revenue and Forecast, by Form (2017-2030)
13.1.5. Market Revenue and Forecast, by Method (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Sources (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Form (2017-2030)
13.1.7. Market Revenue and Forecast, by Method (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Sources (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Form (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Method (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.3. Market Revenue and Forecast, by Sources (2017-2030)
13.2.4. Market Revenue and Forecast, by Form (2017-2030)
13.2.5. Market Revenue and Forecast, by Method (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Sources (2017-2030)
13.2.7. Market Revenue and Forecast, by Form (2017-2030)
13.2.8. Market Revenue and Forecast, by Method (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Sources (2017-2030)
13.2.10. Market Revenue and Forecast, by Form (2017-2030)
13.2.11. Market Revenue and Forecast, by Method (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Sources (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Form (2017-2030)
13.2.13. Market Revenue and Forecast, by Method (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Sources (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Form (2017-2030)
13.2.15. Market Revenue and Forecast, by Method (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.3. Market Revenue and Forecast, by Sources (2017-2030)
13.3.4. Market Revenue and Forecast, by Form (2017-2030)
13.3.5. Market Revenue and Forecast, by Method (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Sources (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Form (2017-2030)
13.3.7. Market Revenue and Forecast, by Method (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Sources (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Form (2017-2030)
13.3.9. Market Revenue and Forecast, by Method (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Sources (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Form (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Method (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Sources (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Form (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Method (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.3. Market Revenue and Forecast, by Sources (2017-2030)
13.4.4. Market Revenue and Forecast, by Form (2017-2030)
13.4.5. Market Revenue and Forecast, by Method (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Sources (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Form (2017-2030)
13.4.7. Market Revenue and Forecast, by Method (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Sources (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Form (2017-2030)
13.4.9. Market Revenue and Forecast, by Method (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Sources (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Form (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Method (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Sources (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Form (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Method (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.3. Market Revenue and Forecast, by Sources (2017-2030)
13.5.4. Market Revenue and Forecast, by Form (2017-2030)
13.5.5. Market Revenue and Forecast, by Method (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Sources (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Form (2017-2030)
13.5.7. Market Revenue and Forecast, by Method (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Sources (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Form (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Method (2017-2030)
Chapter 14. Company Profiles
14.1. Givaudan
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Sensient Technologies
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Symrise AG
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. KangcareBioindustry Co, Ltd.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. PT. Indesso Aroma
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Vidya Herbs Private Limited
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Shaanxi JiahePhytochem Co. Ltd.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Synthite Industries Private Ltd.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Döhler
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. International Flavors & Fragrances Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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