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Plant Extracts Market Highlighting Lucrative Avenues with Major Players - Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec, Inc., and Döhler GmbH.
Plant Extracts
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.
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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.
According to the Centre for the Promotion of Imports, around 700 plant-based medicines are available in Germany, which are manufactured by companies such as Heinrich Klenk and Schaper & Brümmer among others and are prescribed by 70% of the physicians in the country. Other factors that are expected to drive growth of the market include the growing cosmetics and personal care industry.
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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