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Plant Extracts Market Growth 2018-2025 |Key Players ndena S.p.A., Naturex Inc., V. Mane Fils SA
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Plant extracts are used in the cosmetic industry for application in perfumes, and skin care and hair care products. These extracts are used in skin care products for curing eczema, acne, dryness, free-radical scavenging, anti-inflammatory, and anti-aging. While, in hair care products, they are used as growth stimulants, colorants, and as anti-dandruff agents. Rising trend of using cosmetics with natural extracts is further boosting demand for natural.
Europe holds the dominant market for in the global plant extracts market, followed by Asia Pacific. The market in Europe was valued at US$ 11,549.5 Mn in 2016, which is projected to increase to US$ 19,380.2 Mn by 2025, witnessing a CAGR of 6.19% during the forecast period. Increasing inclination of customers towards consumption of herbal medicines in Europe is driving growth of the plant extracts market in the region.
The global plant extracts market was valued at US$ 37,771.8 Mn in 2016 and is expected to register a CAGR of 6.15% over the forecast period. The global plant extracts market is projected to reach to US$ 63,304.8 Mn by 2025.
Some of the key players operating in the global plant extracts market are Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec, Inc., and Döhler GmbH.
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