Press release
Plant Extracts Market to Boost the Growth in Upcoming Year with Key Players- Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec, Inc., and Döhler GmbH.
Plant Extracts
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Growing demand for plant extracts in the food and beverages, pharmaceuticals, and cosmetics industries is boosting growth of the plant extract market. For instance, plant extracts are widely used in the food and beverages industry as colorants, flavorants, and to enhance the overall nutritional content. Increasing demand for functional foods and beverages such as protein bars, dietary supplements, and flavored beverages is also expected to fuel growth of the plant extracts market.
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.
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.
Asia Pacific is projected to be the second-largest market in the global plant extracts market throughout the forecast period. This is attributed to increasing demand for natural ingredients in the cosmetics, pharmaceutical, and food & beverages industries.
Major Players in Global Plant Extracts Market:
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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