Press release
Medicinal Plant Extracts Market 2018 Industry Size, Manufacturers | Organic Herb In, Plant Extracts International , Phytovatio, KANCOR
Medicinal Plant Extracts , Medicinal Plant Extracts industry , Medicinal Plant Extracts Market
Global Medicinal Plant Extracts Market is projected to grow at a CAGR of over 11.2% from 2017 to 2023, and contains market research information from 2017 to 2023.
Market Overview:
Plant extracts are natural substances which are removed from the tissue of a plant, to be used for a particular purpose. Medicinal plant extracts are the substances which are majorly as well as widely used for treating diseases as they are used in medicines and in personal care products as well as others. Since medicinal plant extracts are derived from natural substances, damage to the environment is the least of concerns. Medicinal plant extracts containing phytochemicals are majorly used in dietary supplements which is also driving the growth of this market. Nutraceutical industries are also using these extracts in their products since there is a rise in demand for medicinal plant extracts nutritional supplements. Global medicinal plant extracts are expected to experience steady growth due to the rising demand for plant extracts products, during the forecast period. Also, there is a shift in demand globally from synthetic medicine to herbal medicine which will increase the growth of this market during the forecast period.
Regional Analysis:
The global medicinal plant extracts market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific has developed as the dominant region followed by North America for the medicinal plant extracts market. Growing health benefits coupled with rise in demand for personal care products has strengthened the growth of global medicinal plant extract market and hence is expected to significantly expand the revenue contribution of the market during the forecast period. In Asia Pacific, owing to ancient history of herbal and natural remedies for diseases, will drive the growth of this market in this region. However, in the Asia Pacific region, significant growth is expected in China and India due to increasing health concerns as well as wide ranging medical uses, over the forecast period 2017-2023.
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Competitive analysis:
Some of the key players in the global Medicinal plant extracts market are
Organic Herb (China)
Plant Extracts International Inc. (U.S.)
ARJUNA NATURAL EXTRACTS LTD (India)
Phytovation (U.K.)
Sigma-Aldrich Co. LLC (U.S.)
Indfrag (India)
KANCOR (India)
Key Findings:
Growing pharmaceutical as well as personal care industry is the reason for growing demand for medicinal plant extracts.
Asia Pacific is expected to dominate the medicinal plant extracts market followed by North America.
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The medicinal plant extracts market is segmented under the following regions mentioned below:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia Pacific
China
India
Japan
Thailand
Rest of Asia Pacific
Rest of the world
Latin America
Middle East
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