Articles

Plant Extracts Market is Projected to Reach $55.3 billion by 2026

by Mit K. SEO

According to the new market research report "Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Spices, Essential Oils, Flavors & fragrances), Application (Pharmaceutical & Dietary Supplements, Food & beverages, cosmetics), Sources and Region - Forecast to 2026", published by MarketsandMarkets™, the global Plant Extracts Market is projected to grow from USD 30.8 billion in 2021 to USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.

With the growing health awareness, the increasing prevalence of chronic diseases, and the need for nutrition enhancements among consumers, plant extracts find applications in various end-user industrial applications. The demand for cosmetics products made of plant-derived ingredients also remains high as these ingredients enhance the product value due to their health benefits for the skin. Various types of plant extracts are also used as key ingredients in food & beverage products and dietary supplements due to their health and nutritional benefits, which cater to nutritional deficiencies, provide required nutrients in the body and boost the immunity and overall well-being of consumers. Owing to its increasing applications across industries, the growth of the plant extracts market is projected to remain high during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=942

The fruits, flowers and bulbs segment dominated the plant extracts market in 2020. The consumption of fruit, flower, and bulb extracts has been linked with several health benefits, a result of their medicinal properties and high nutritional value. Various citrus fruits are associated with antimicrobial and anticancer properties, which are crucial for Essential Oils, phytomedicines, and several herbal extracts. With the growing demand for plant-based products in pharmaceuticals, dietary supplements, and cosmetic industries, the demand for fruit extracts and flower and bulb extracts has been growing significantly. Such demand for plant-based end products is driving the market in the fruits, flowers, and bulbs segment.

The Asia Pacific market accounted for the largest share in 2020. This dominance is attributed to factors such as a surge in the consumption rate of vegan food & beverage products, the rise in the demand for functional food products, and the increase in awareness related to the health benefits associated with the consumption of clean-label food products among consumers. Furthermore, the region has several small and medium-sized manufacturers of plant extracts that are well-versed with the processing of plant extracts and aware of the benefits offered by them. Manufacturers in Indonesia, India, and Thailand are continuously investing in the market and focusing on innovation to expand their product range. This is due to the rise in the trade of plant extracts between Asia and international manufacturers of plant extract-based products.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the plant extracts market. It consists of the profiles of leading companies such as the major plant extract manufacturers include Givaudan (Switzerland), Sensient Technologies Corporation (US), International Flavors & Fragrances, Inc (US), Kangcare Bioindustry Co., Ltd. (China), Synthite Industries Private Ltd. (India), and PT. Indesso Aroma (Indonesia).


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About Mit K. Committed   SEO

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Joined APSense since, August 8th, 2019, From Northbrook, United States.

Created on Mar 30th 2022 04:45. Viewed 182 times.

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