The Global Plant Extract Market is expected to reach US$100 BN by 2025 as per the market report released by Value Market Research. The market was valued USD 50.13 BN (by revenue) in 2018 and is anticipated to grow with a CAGR of 10.5% between 2019 and 2025. The report highlights the major growth areas of the market along with a close estimation of market size, market share and key drivers of the industry.
Plant extracts are referred to the substance which is collected from various parts of the plants by using solvents. Plants extracts have different applications across various end-user industries such as food and beverage, pharmaceuticals, and cosmetics. They are used as colorants and flavors to enhance the overall nutrition of the food products across the food and beverage industry. Adding to this, owing to their medicinal properties they are used across the pharmaceutical industry. Further, plant extracts are also used in skin care products for curing skin related problems.
The report "Global Plant Extract Market Report By Types (Herbal Extracts, Phytochemicals, Spices, Essential Oils And Natural Extracts, Flavors And Fragrances, Others), Forms (Powder, Liquid, and Others), End-Users (Pharmaceuticals, Cosmetics, Functional Food And Beverages) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2025" covers all the crucial data which shapes the market dynamics and also provide detailed analysis of the competitive landscape.
As per the report the huge demand across the cosmetic industry for skin care products is one of the major reasons for the increasing market growth of plant extract. Also, growing demand from pharmaceutical and cosmetic industry is a significant factor causing the increase in its demand. Further, growing application across the food and beverage industry where they are used as colorants and flavors to improve the overall quality of the food products is also expected to add immense growth to the market. Additionally, growing demand for functional foods and beverage such as protein bars, dietary supplements, and flavored beverages is again assumed to offer to huge growth.
The market segmentation covered in the report is by type, end-users, and region. Type includes herbal extracts, phytochemicals, spices, essential oils and natural extracts, flavors and fragrances, others. Herbal extracts are gaining huge demand in the market owing to the shifting consumer preferences towards consumption of natural and organic products. Forms segment include powder, liquid, and others. Powder form is gaining traction in the market owing to its better shelf-life and growing demand especially from the pharmaceutical industry. End-user area cover pharmaceuticals, cosmetics, functional food, and beverages. Out of which, the food and beverage industry is currently holding the highest share in the market owing to the growing application of plant extracts as a food colorant and flavor in food and beverage products. Regional segmentation has been done across the area of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present, North America is ruling the global plant extracts market owing to the growing demand for herbal dietary supplement among consumers.
The Report Segments Global Plant Extract Market -
Players Profiled in The Market:
Alkaloids Corp., Berrypharma AG, Indena, Ingredia Nutritional, Organic Herb Inc., Plant Extracts International Inc., Phytovation Ltd., Prinova Group, Naturex, Sigma-Aldrich Co. LLC, QUALIPHAR, Kuber Impex Ltd., Kangcare Bioindustry Co. Ltd., Nantong Sihai Plant Extracts Co., Ltd., Lehmann & Voss & Co. Kg and Linnea S.A.
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