Global Plant Extracts Market Trends and Growth Drivers

According to a research report titled "Plant Extracts Market by Product Type, Application, Form, Source, and Region - Global Forecast to 2027" published by MarketsandMarkets, the global plant extracts market has seen substantial growth and is poised for further expansion.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=942

Here are the key highlights from the report:

Robust Market Growth:

The global plant extracts market is estimated to have reached a value of USD 34.4 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 12.3%, reaching USD 61.5 billion by 2027. This impressive growth is driven by several factors.

Growing Demand for Natural Ingredients:

Consumers' increasing preference for natural and organic products has fueled the demand for plant extracts. As people become more health-conscious and seek better dietary choices, the market for plant extracts has flourished.

Aging Population and Healthy Lifestyle Trends:

The global aging population and the trend toward adopting healthier lifestyles have contributed to the surge in demand for plant extracts. These extracts are seen as natural and effective remedies with minimal side effects, driving their popularity among consumers.

Rising Incidences of Chronic Diseases:

The prevalence of chronic diseases has led consumers to seek natural solutions for managing their health. Plant extracts offer a range of health benefits and have become essential components of dietary supplements and pharmaceuticals.

Innovative Extracts Driving Nutritional Health:

Manufacturers are heavily investing in research and development to produce innovative plant extracts that cater to consumers' nutritional needs. These extracts are playing a crucial role in improving the overall health and well-being of consumers.

Challenges in the Market:

Despite the promising growth, there are challenges that the plant extracts market faces. Consumer skepticism regarding the adoption of certain plant extracts in various applications, as well as issues related to the inadequate supply of raw materials and price fluctuations, could hinder market growth to some extent in the forecast period.

Herbal Supplements Boosting Immunity:

Herbal dietary supplements, derived from plants or their extracts, have gained significant traction. They are known for their immunity-boosting properties and are considered safe and effective alternatives to traditional medications. Products like Rhuleave-K, which contain extracts of curcuma longa and Boswellia serrata, have further fueled the demand for herbal dietary supplements.

Plant-Based Foods on the Rise:

The increasing vegan population and the demand for plant-based foods have propelled the use of plant extracts in the food industry. These extracts are incorporated into various food and beverage products to provide health benefits, enhance flavor, and extend shelf life. They also serve as natural alternatives to synthetic additives with potential health risks.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=942

Dry Extracts in Pharmaceuticals and Dietary Supplements:

Dry extracts, which are standardized and spray-dried to ensure consistent content of active ingredients, have gained popularity. They are used in pharmaceuticals and dietary supplements due to their stability, ease of storage, and ease of standardization. As consumers worldwide show interest in natural ingredients and health supplements, the demand for medicinal plant products and dietary supplements with added health benefits is on the rise.

In conclusion, the global plant extracts market is experiencing robust growth driven by the demand for natural ingredients, health-conscious consumer trends, and innovative product development. However, industry players must address challenges such as consumer skepticism and raw material supply issues to sustain this growth trajectory.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/plant-extracts-market-942.html

Browse Other Food & Beverages Domain Report:

Gelatin Market by Source (Plants, Animals), Application (Food & Beverages, Pharmaceuticals, Health & Nutrition, Cosmetics & Personal Care), Type (Type A, Type B), Function (Thickener, Stabilizer, Gelling Agent) and Region - Global Forecast to 2028
https://www.marketsandmarkets.com/Market-Reports/gelatin-market-850.html

Brewery Equipment Market by Equipment Type, Brewery Type (Macrobrewery, Craft brewery), Mode of Application (Manual, Automatic and Semi-automatic), and Region (North America, Asia Pacific, Europe and RoW) - Global Forecast to 2027
https://www.marketsandmarkets.com/Market-Reports/brewery-equipment-market-129804657.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.