Global Plant Extract Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 10.04% during the forecast period that is 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Plant extract is the assembly of vital crude combinations from abstraction of different parts of plants, which is removed by using solvents like water or ethanol. Plant extracts are the ingredients containing necessary properties pulled out from herbaceous plants that are finding growing and wide-ranging uses in various end-use industries such as therapeutic & pharmaceuticals and herbal cosmetics and medicines, due to the efficient properties in skincare products. Plant extracts comprising phytochemical compounds such as flavonoids and carotenoids are primarily used in dietary supplements that are driving the demand for global plant extract market. This can be used in the form of powder of tincture. Nutraceutical industries are utilizing plant extracts in their respective products owing to the growing consumer need for nutritional plant extract supplements. Growing awareness among the consumers for natural plant extract-based products is a key driving factor for the rapid growth of plant extract market.

Market Dynamics

The global plant extracts market driving factors are growing demand for homeopathy and herbal medicine products owing to rising change in consumer behavior that has inclined the market growth. Growing acceptance of plant extracts-based products as a result of increasing awareness and health concerns among users are the major driving factors for the growth of this market globally. Additionally, rising awareness about the health benefits due to the usage of natural skincare products that comprises of plant extracts instead of artificial ingredients. However, changing consumer preferences is owing to the growth of global plant extract market over the forecast period.

Market Segment

The plant extract market has been categorized into product type, form, end-use industry and geography. On the basis of product type, the market is segmented into spices, phytochemicals, essential oils, phytomedicines and diagnostic among others.  Based on form the market is bifurcated into dry and liquid. Plant extract market on the basis of end-use industry is categorized into food & beverages, pharmaceuticals, and personal care among others. Spices segment is further divided into coriander, pepper, and fennel. Essential oils are categorized into eucalyptus oil, citrus oil, mint oil and lavender oil among others. Phytochemicals segment is divided into terpenes, protein inhibitors, phenolic compounds and others. The growing awareness among the consumers is anticipated to drive the food and beverages segment over the forecast period.

Regional Analysis

Europe accounted for the largest market share in the year 2017 for the global plant extract market in terms of both of volume and value. The European market is majorly driven by the rising demand for natural ingredients in the swiftly growing food and beverages end-use industry. However, regulation implemented by the European Union excluded the use of some plant extracts, this is the major reason that may hamper growth of the market. For instance, in August 2017, European Union introduced Regulation (EU) barred the use of three fragrance allergens, Chloroatranol, 3 and 4-(4-hydroxy-4-methylpentyl) cyclohex-3-ene-1-carbaldehyde HICC, and Atranol. Chloroatranol and Atranol are natural compounds extracted from oak tree, these tree moss extracts are recognized to have triggered maximum number of contact allergies.

Asia Pacific plant extract market is anticipated to be the second-largest market in the global plant extracts market over the forecast period. This is due to the grwoing demand for natural ingredients that are used in pharmaceutical, cosmetics, and food & beverages end-use industries. According to Australian Trade and Investment Commission (AUSTRADE), the health food market in China, which contains dietary supplements, herbal extracts, vitamins, and Traditional Chinese Medicine (TCM), had accounted for US$ 30 billion in 2017 and is anticipated to grow by 10% year on year until 2025.

Global Plant Extract Market Study Objective

1. To forecast the market size of plant extract market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of plant extract market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of plant extract market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of plant extract market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the plant extract market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The key players in Plant Extract Market Naturex Inc., Kalsec, Inc., Dohler gmbH, Indena S.p.A., V.Mane Fils SA, Tsumura & Co., MB-holding GmbH & Co.KG and Willmar Schwade India Pvt. among other key players. In August 2018, as per the article published by Experimental Neurology it was noted that treatment with extracts of withania somnifera plant helped in delaying the progression of amyotrophic lateral sclerosis.

Global Plant Extract Market Study Report Offer You!

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