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Plant Extracts Market 2023 : Trends, Business Growth And Major Driving Factors | Naturex, Berkem, Kuber Impex Ltd., Network Nutrition, Organic Herb Inc., Qualiphar-Gifrer, Givaudan
Plant Extracts Market
Plant Extracts Market Size, Growth Rate, And Forecast
The global plant extracts market size grew from $25.53 billion in 2022 to $28.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plant extracts market size is expected to grow to $39.89 billion in 2027 at a CAGR of 9.0%.
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Plant Extracts Market Drivers
The rapid growth in the vegan trend is significantly contributing to the growth of the plant extract market.
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Plant Extracts Market Segments
1) By Type: Spices, Essential Oils and Natural Extracts, Flavors and Fragrance, Phytomedicines and Herbal Extracts, Phytochemicals, Other Types
2) By Source: Fruits, Flowers and Bulbs, Leaves, Rhizomes and Roots, Barks and Stems, Other Sources
3) By Application: Pharmaceuticals, Food and Beverages, Cosmetics, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Plant Extracts market.
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Plant Extracts Market Key Players
Major players in the plant extracts market are Naturex, Berkem, Kuber Impex Ltd., Network Nutrition, Organic Herb Inc., Qualiphar-Gifrer, Givaudan, Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise, Sensient Technologies Corporation, Indesso , Vidya Herbs, Plant Extracts International Inc., Indena, Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe, Provital Group, and Chenguang Biotech.
The Business Research Company's "Global Plant Extracts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Plant Extracts Market Include:
1. Executive Summary
2. Plant Extracts Market Characteristics
3. Plant Extracts Market Trends And Strategies
4. Plant Extracts Market - Macro Economic Scenario
5. Plant Extracts Market Size And Growth
……
27. Plant Extracts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant Extracts Market
29. Plant Extracts Market Future Outlook and Potential Analysis
30. Appendix
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