Growing demand for plant extracts from end-use industries such as food & beverages, cosmetics & pharmaceuticals to impart flavor, color and nutrition is driving the plant extract market. A shift in consumer preference towards intake of herbal medicines is again fueling the plant extract market. Side-effects associated with the synthetically prepared drugs leading to various disorders have drastically changed the consumer preference towards the safe & herbal alternative. This, in turn, has driven the market growth. Also, rising demand for extracted or herbal supplements is impacting the market growth positively.
The Global Plant Extract Market was valued USD 45,367.2 MN in 2017 and expected to reach at USD 92,520.2 MN by 2024 with CAGR of 10.5%.
HERBAL EXTRACT LEAD THE PLANT EXTRACT TYPE
Herbal extract has shown dominance over the segment and is presumed to continue & reach up to USD XX.X MN by end of 2024. Herbal extract is leading the segment owing to rising health consciousness among people along with the inclination of the population towards consumption of natural & organic products.
POWDER FORM TO GAIN MAXIMUM SHARE BY END OF 2024
Powder has dominated the plant extract market and is expected to reach up to USD XX.X MN by 2024. Highly water-soluble compound along with better shelf life are the factors widening the application of the product in cosmetics, research, and other industries.
FOOD & BEVERAGE LED THE END-USE SEGMENT
Food & beverage is dominating the end-use segment & is expected to reach at USD XX.X MN by the end of 2024. Plant extracts are widely used in the food & beverage industry as anti-oxidant, color & flavor enhancer, and immunity booster thereby, fueling the market growth.
NORTH AMERICA DOMINATED THE REGIONAL SEGMENT
North America has shown dominance over the regional segment and is presumed to continue & reach up to USD XX.X MN by end of the year 2024. Rising demand for herbal dietary supplement & increasing health awareness among the population are the key drivers of the plant extract market in the region.
MAJOR PLAYERS OF 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. are the key players of the plant extract market.
As per this study the global plant extract market was valued USD 45,367.2 MN (by revenue) in 2017 and is anticipated to reach USD 92,520.2 MN by 2024 with a CAGR of 10.5%.
Plant extraction is referred to as a natural product obtained from tissues of a plant with the desirable properties. More specifically, a wide range of extracts is derived by this process such as phytochemicals, essential oils & natural extracts, herbal extracts, and many more. Plant extracts are gaining much importance due to their special potentials as a large source of therapeutic phytochemicals, essential oils, herbal extracts that lead to the development of novel drugs, cosmetic products, and food additive.
A normal extraction process comprises several procedures including collection and authentication of plant material & drying, size reduction, extraction, filtration, concentration and drying & reconstitution. However, extraction quality depends on various factors such as plant parts used as an initial material, the solvent used for extraction, extraction method, and plant material: solvent ratio etc. With the advancement of science and technology, remarkable progress has been made in the field of plant extraction with the discoveries of much high quality of herbal products. As a result, modern methods of plant extraction are more effective over conventional methods.
A lot of developments are taking place in the end-use industries in order to suffice consumer needs thereby helping in the evolution of these industries. One single extract can be used for various applications when used in combination with other extracts or ingredients, for instance, ashwagandha extract is used for arthritis, hiccups, asthma, tuberculosis, insomnia, leukoderma, bronchitis and chronic liver diseases. As a result of this diversity, there is a wide scope of growth for end-user industries. Global medicinal plant extracts market is growing owing to rising demand for herbal medicines and ayurvedic & homeopathic products because of change in consumer behavior thus influencing the growth of this market. However, the market has good penetration across the world. There is no significant threat or challenge to this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of plant extract.
The broad plant extract market has been sub-grouped into type, forms and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End-Use Market Share 2017
- Herbal Extracts
- Essential Oils And Natural Extracts
- Flavors And Fragrances
- Functional Food And Beverages
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for plant extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Plant Extract Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the plant extract market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Plant Extract
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Plant Extract Market: Snapshot
4. PLANT EXTRACTS MARKET ANALYSIS BY TYPE
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. PLANT EXTRACTS MARKET ANALYSIS BY FORMS
- Market In Herbal Extracts
- Market In Phytochemicals
- Market In Spices
- Market In Essential Oils And Natural Extracts
- Market In Flavors And Fragrances
- Market In Others
6. PLANT EXTRACTS MARKET ANALYSIS BY END-USE
- Market In Powder
- Market In Liquid
- Market In Others
7. PLANT EXTRACT MARKET ANALYSIS BY GEOGRAPHY
- Market In Pharmaceuticals
- Market In Cosmetics
- Market In Functional Food And Beverages
8. COMPETITIVE LANDSCAPE OF THE PLANT EXTRACT COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Canada Market Estimates By Segments
- Mexico Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
9. COMPANY PROFILES OF THE PLANT EXTRACT INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Alkaloids Corp.
- Berrypharma AG
- Ingredia Nutritional
- Organic Herb Inc.
- Plant Extracts International Inc.
- Phytovation Ltd.
- Prinova Group
- Sigma-Aldrich Co. LLC
- Kuber Impex Ltd.
- Kangcare Bioindustry Co. Ltd.
- Nantong Sihai Plant Extracts Co., Ltd.
- Lehmann & Voss & Co. Kg
- Linnea S.A.
Table 1. Market Highlights Of Plant Extract
Table 2. Global Plant Extracts Market By Type
Table 3. Global Plant Extracts Market By Form
Table 4. Global Plant Extracts Market By End-Use
Table 5. Global Plant Extract Market By Geography
Table 6. North America Plant Extract Market
Table 7. Europe Plant Extract Market
Table 8. Asia Pacific Plant Extract Market
Table 9. Latin America Plant Extract Market
Table 10. Middle East And Africa Plant Extract Market
Table 11. Partnership/Collaboration/Agreements
Table 12. Mergers And Acquisitions
Table 13. New Product Development
Table 14. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Plant Extract Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Plant Extract
Fig. 5. Value Chain Analysis
Fig. 6. Porter’s Five Forces Analysis
Fig. 7. Global Plant Extracts Market By Type
Fig. 8. Global Plant Extracts Market By Form
Fig. 9. Global Plant Extracts Market By End-Use
Fig. 10. Global Plant Extract Market By Geography
Fig. 11. North America Plant Extract Market
Fig. 12. Europe Plant Extract Market
Fig. 13. Asia Pacific Plant Extract Market
Fig. 14. Latin America Plant Extract Market
Fig. 15. Middle East And Africa Plant Extract Market
Fig. 16. Market Share Of Plant Extract Companies
Fig. 17. Recent Developments In Plant Extract Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.