By Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances), By Application (Pharmaceutical & Dietary Supplements, Food & Beverages, Cosmetics, Others), By Source (Leaves, Fruits, flowers and bulbs, Rhizomes & roots, Barks & stems, Others), By Region (North America, South America, Europe, APAC, Middle East, Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, Russia & CIS, Spain, China, India, Japan, South Korea, South East Asia, Saudi Arabia, UAE, Turkey, Qatar), By Company
Food & Beverages
The increasing concern surrounding diseases such as cancer, memory loss, immune system disorder coupled with the rising awareness about the benefits of herbal, ayurvedic medicines and herbal extracts are the major factors propelling the market demand in the Plant Extract market across the globe. Moreover, the usage of plant extracts in cosmetics due to properties such as prevalence from skin infection and skin rejuvenation and the application in the food and beverage industry as the color and taste is contributing to the demand for plant extracts.
According to MarkNtel Advisors’ research report titled “Global Plant Extract Market Analysis, 2020”, the Global Plant Extract market is anticipated to grow at a CAGR of around 15.40% during 2020-25. In 2019, the APAC region dominated the Global Plant Extract market due to the region’s favorable environmental conditions for large-scale plants and raw material availability.
In 2019, the phytomedicine and herbal extract segment dominated the market on an account of the propelling demand from the skincare, nutraceutical, pharmaceutical, and cosmetics industries. Also, the properties such as antioxidants and prevalence from the harmful bacteria are key reasons contributing to the growth in the demand for phytomedicines and herbal extracts in the market across the globe.
By application, pharmaceutical and dietary supplements dominated the market in 2019 due to consumers increasingly shifting from allopathic medicines to herbal and Ayurveda medicine. This shift toward the products made-up from the plant extracts is largely due to soaring awareness about the harmful impact and allergic reactions from the allopathic medicine which can also be fatal.
Also, leaves segment dominated over other sources such as fruits-flowers and bubs, rhizomes and roots, etc. in 2019 owing to the benefits of the leaf extracts such as increasing platelets counts, reducing cholesterol, improving immune systems, etc.
The companies in the plant extract industry with considerable market share are Givaudan, Sensient Technologies, Symrise AG, Kangcare Bioindustry Co., Ltd., etc. These companies are focused on product innovation to gain a competitive edge in the industry.
1. Research Process
1.2. Market Segmentation
1.3. Market Definition
2. Executive Summary
3. Global Plant Extracts Market Outlook, 2015-2025F
3.1. Market Size & Analysis
3.2. Market Share & Analysis
18.104.22.168. Essential oils
22.214.171.124. Flavors & fragrances
126.96.36.199. Phytomedicines & herbal extracts
188.8.131.52. Pharmaceutical and dietary supplements
184.108.40.206. Food & beverages
220.127.116.11. Others (personal care products and toiletries)
18.104.22.168. Fruits, flowers, and bulbs
22.214.171.124. Rhizomes & roots
126.96.36.199. Barks & stem
188.8.131.52. Others (seeds, pods and berries)
184.108.40.206. North America
220.127.116.11. South America
18.104.22.168. Middle East & Africa
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement in Markntel Quadrant
4. North America Plant Extracts Market Outlook, 2015- 2025F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
4.3. The US Plant Extracts Market Outlook, 2015-2025F