Global Plant Extract Market, By Type (Phytomedicines and Herbal Extracts, Essential Oils and Natural Extracts, Spices, Phytochemicals, Flavors and Fragrances, Others), Source (Leaves, Fruits, Flowers and Bulbs, Rhizomes and Roots, Barks and Stems, Others), Application Form (Powder, Liquid), Method (Maceration, Infusion, Decoction, Percolation, Soxhlet, Ultrasound-Assisted Extraction, Supercritical Fluid Extraction, Phytonics Process, Microwave Assisted Extraction, Others), Application (Pharmaceuticals, Cosmeceuticals, Food and Beverages, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Plant Extract Market
Plant extract market size is expected to grow at a compound annual rate of 6.96% in the forecast period 2021 to 2028. The rapid increase in the population of vegans is the factor responsible for the growth of plant extract market in the forecast period of 2021 to 2028.
Plant extracts are the isolation of natural products from the plants. Plant extraction is parting of liquid or solid from plants with the help of the extraction method. These plant extracts are used for a variety of applications which consist of food industry, pharmaceuticals and cosmetic industry among others.
The major growing factor towards plant extract market is the rise in the demand for dietary food supplements. Furthermore, the rise in awareness about the benefits of the plant based food and food products and rapid urbanization are also expected to heighten the overall demand for plant extract market over the forecast period of 2021 to 2028. Moreover, the various adverse side-effects of synthetic flavors led to an increase in demand for natural favors along with the rise in the trend of veganism and vegetarianism among consumers are also expected to serve as foremost drivers for the plant extract market at a global level. In addition, the rise in the health and wellness trend led to a rise in demand for clean label products are also lifting the growth of the plant extract market.
However, the strict regulations and international quality standards and insufficient supply of raw materials and price fluctuation are projected to act as a restraint towards the growth of plant extract market, whereas the easy availability of substitutes and adulterated products can challenge the growth of the plant extract market.
Moreover, the identification of new herbs and spices compliant with changing consumer preferences and tastes, high demand for organic food and the rise in the trend plant based food among health conscious population are expected to further generate new opportunities for the plant extract market in the forecast period of 2021 to 2028.
This plant extract market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on plant extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plant Extract Market Scope and Market Size
Plant extract market is segmented on the basis of type, source, form, method and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the plant extract market has been segmented into phytomedicines and herbal extracts, essential oils and natural extracts, spices, phytochemicals, flavors and fragrances and others.
- Based on source, the plant extract market has been segmented into leaves, fruits, flowers and bulbs, rhizomes and roots, barks and stems and others.
- On the basis of form, the plant extract market has been segmented into powder and liquid.
- Based on method, the plant extract market has been segmented into maceration, infusion, decoction, percolation, soxhlet, ultrasound-assisted extraction, supercritical fluid extraction, phytonics process, microwave assisted extraction and others.
- The application segment of the plant extract market has been segmented into pharmaceuticals, cosmeceuticals, food and beverages and others.
Plant Extract Market Country Level Analysis
Plant extract market is analyses and market size, volume information is provided by country, type, source, form, method and application as referenced above.
The countries covered in the plant extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific leads the plant extract market due to the strong presence of several plant based manufactures and high adoption of alternate medicines such as Ayurveda and homeopathy. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to high adoption of herbal and natural dietary supplements.
The country section of the plant extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Extract Market Share Analysis
Plant extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant extract market.
The major players covered in the plant extract report are Givaudan, Sensient Technologies Corporation, Kangcare, Indesso, haldin, VIDYA HERBS, TOKIWA PHYTOCHEMICAL CO. LTD., Native Extracts Pty Ltd., Shaanxi Jiahe Phytochem Co., Ltd., Synthite Industries Ltd., Döhler, International Flavors & Fragrances, Inc., Martin Bauer Group, Arjuna Natural Pvt Ltd, Plant Extracts International Inc., Network Nutrition, Lehmann&Voss&Co., Alkaloids Corporation, Phyto Life Sciences P. Ltd., and Kuber Impex Ltd, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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