Plant Extracts market Insights And In-Depth Analysis 2020-2025 With Types, Products And Key Players | Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec, Inc.,

A plant extract is a substance that contains various chemical compositions such as resin alcohols, starches, hydrocarbon resins, gums, phlegmatics, carotenoids, and quinones. These extracts are tissues treated with solvents for various functionalities to serve as skin medicines, anti-irritants, anti-inflammatory, sterilizers, anti-infective, wetting, and skin protection among others.

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. According to American Botanical Council, the total retail sales of herbal supplements in the U.S. was US$ 6.9 billion in 2015, which increased to US$ 7.4 billion in 2016.

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Detailed Segmentation:

Global Plant Extracts Market, By Product Type:
Spices
Coriander
Pepper
Fennel
Others

Essential Oils
Eucalyptus Oil
Mint Oil
Citrus Oil
Lavender Oil
Others

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. According to the U.S. Government Export Association, the consumer spending on natural cosmetics in 2016 in Germany — the largest market in Europe — was US$ 13.5 billion, which increased by 9.2% in 2016.

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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. According to Indian Brand Equity Foundation (IBEF), pharmaceutical industry is the third-largest industry in India in terms of volume and accounted for 20% of the global pharmaceutical industry in 2017. The pharmaceutical sector is expected to increase to US$ 55 billion by 2020. Also, increasing government involvement in various initiatives to promote pharmaceutical sector in India.

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