According to Stratistics MRC, the Global Plant Extracts Market is accounted for $29.06 billion in 2020 and is expected to reach $53.78 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Adverse side-effects of synthetic flavours, increasing health and wellness trend and growing vegan population are driving the market growth. However, stringent regulations and international quality standards are hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the development of new plant-based pharmaceuticals and the rise in the beverage industry, where consumer preferences continue to shift away from carbonated soft drinks toward alternative beverages with natural flavor loadings.
Some of the key players profiled in the Plant Extracts Market include Alkaloids Corp., BerryPharma AG, FT Technologies, Herbal Extract Company, Indena, Ingredia Nutritional, Kangcare Bioindustry Co. Ltd., Kuber Impex Ltd., Lehmann & Voss & Co. KG, Nantong Sihai Plant Extracts Co., Ltd., Naturex, Network Nutrition, Nutri-Pea Ltd., Organic Herb Inc. and Phytovation Ltd.
Forms Covered:
• Dry/Powder
• Liquid
Product Types Covered:
• Non-Standardized Extracts
• Standardized Extracts
Methods Covered:
• Decoction
• Digestion
• Infusion
• Maceration
• Microwave Assisted Extraction
• Percolation
• Phytonics Process
• Soxhlet
• Supercritical Fluid Extraction
• Ultrasound-Assisted Extraction (UAE)
Sources Covered:
• Barks & Stems
• Fruits, Flowers and Bulbs
• Leaves
• Rhizomes & Roots
• Seeds, Pods & Berries
Types Covered:
• Phytochemicals
• Spices
• Essential Oils & Natural Extracts
• Flavors & Fragrances
• Phytomedicines and Herbal Extracts
• Spices
Applications Covered:
• Animal Nutrition
• Chemicals
• Cosmetics
• Dietary Supplements
• Functional Food & Beverages
• Personal Care
• Pharmaceutical
• Toiletries
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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