Global Plant Extracts Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Plant Extracts Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global plant extracts market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. The global plant extracts market report has been segmented on the basis of product type, form, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Plant Extracts are crude mixtures extracted from different parts of plants. Valuable or desired components can be obtained as plant extracts by applying different methods of extraction. Plant extracts are widely used in food industry for various end-use applications in foodstuffs and in additives. Owing to their therapeutic properties, plant extracts are majorly used in pharmaceutical, chemical, and various beauty products.
Growing demand for plant extracts from pharmaceutical sector owing to increasing costs of conventional allopathic medicines, coupled with its associated side effects are major factors driving growth of the global plant extracts market. In addition, rising demand for plant extracts due to growing awareness towards health benefits associated with herbal medicines and herbal products is another factor expected to support growth of the target market over the forecast period. Moreover, increasing use of plant extracts in personal care products, in cosmetics and various fragrances is some among the major factor expected to boost growth of the global plant extracts market in the near future.
However, stringent regulations associated with quality and safety of the plant extracts are factors expected to restrain growth of the global plant extracts market during the forecast period.
The Europe market accounts for highest revenue share in the global plant extracts market in terms of revenue contribution as compared to that of the markets in other regions, owing to growing adoption for plant-based ingredients in cosmetic sector, coupled with rising trend of natural cosmetics products in the countries in the region. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This growth can be attributed to rising adoption of preventative medicines and increasing awareness towards health benefits associated with herbal medicines, in countries, in the region. The Europe market accounts for second-highest revenue share in the global plant extracts market and is expected to register a CAGR of XX.X% during the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global plant extracts market over the forecast period.
Segmentation on the basis of product type:
- Essential oils
- Others (flavors, fragrances, herbal extracts, and natural extracts)
Segmentation on the basis of form:
Segmentation on the basis of end-use industry:
- Food and Beverages
- Personal Care
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Organic Herb Inc.
- Plant Extracts International Inc.
- Network Nutrition Pty Limited
- FT Technologies Inc.
- Lehmann & Voss & Co. KG
- Ingredia Inc.
- TimTec, Inc.
- Alkaloids Corporation
- Herbal Extract Company
- Nantong Sihai Plant Extracts Co., Ltd.
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