Perilla Extract Market Valuation 2024: Size, Share, Outlook, Trends & Forecast Till 2031 | Shaanxi Undersun Biomedtech Co., Ltd.

The Perilla Extract Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Perilla extract is obtained from Perilla frutescens plant and is used widely in the food and pharmaceutical industries. It possesses anti-inflammatory, antioxidant and anti-allergic properties and is commonly used as a flavoring agent in many Asian cuisines.

Market Dynamics:

The perilla extract market is expected to witness steady growth over the forecast period, driven by increasing demand from the food and pharmaceutical industries. The food industry accounts for a major share of perilla extract consumption. Perilla oil is widely used in cooking and for salads owing to its nutrition profile. On the pharmaceutical front, perilla extract shows promise in managing allergies, inflammation and oxidative stress conditions. Studies indicate perilla extract helps improve cognitive function as well. Furthermore, growing awareness about the health benefits of perilla is expected to boost its demand across nutritional and dietary supplements over the coming years.

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Top Key Players are Covered in this Report:

★ Shaanxi Undersun Biomedtech Co., Ltd.,
★ Tocris Bioscience (Bio-Techne Corporation)
★ BioOrigin
★ Nature's Sunshine Products Inc.
★ Organic Herb Inc.
★ Damin Foodstuff (Zhangzhou) Co., Ltd.,
★ Nutra Green Biotechnology Co., Ltd.,
★ Xian Yuensun Biological Technology Co., Ltd.,
★ Guangxi Yiyuan Biotechnology Co., Ltd.,
★ Changsha Heking Bio-Tech Co., Ltd.,
★ Hangzhou Botanical Technology Co., Ltd.,
★ Novoherb Technologies
★ Jiangsu Changhai Food Additive Co., Ltd.,
★ Xian Sost Biological Science & Technology Co., Ltd.,
★ Xi'an Plant Bio-Engineering Co., Ltd.,

Market Segmentation:

By Type:

★ Liquid Perilla Extract
★ Powder Perilla Extract
★ Capsule Perilla Extract
★ Oil Perilla Extract
★ Others

By Applications:

★ Food and Beverages
★ Nutraceuticals
★ Cosmetics and Personal Care
★ Pharmaceuticals
★ Others

By Distribution Channel:

★ Direct Sales (B2B)
★ Indirect Sales (B2C)
★ Online Retail
★ Specialty Stores
★ Supermarkets and Hypermarkets
★ Others

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Growing demand of Perilla Extract from Food and Pharmaceutical Industries

The global perilla extract market is driven by growing demand from food and pharmaceutical industries. Perilla extract is widely used as a flavoring agent in various Asian cuisine especially in Japanese, Korean and Chinese dishes. It imparts distinctive umami and nutty taste in food preparations. The extract also finds application in seasoning blends, dressings, snacks and other food products. Moreover, perilla extracts offer various health benefits such as controlling allergies, reducing inflammation, improving cognitive function and enhancing immunity. This increasing awareness about health advantages of perilla extract is propelling its use in dietary supplements and functional foods. Furthermore, perilla extract possess antibacterial, antiviral and antioxidant properties which is expanding its use in pharmaceutical preparations for treating cold, flu and other health issues. The promising therapeutic applications of perilla extract are attracting investments in research & development activities, contributing to market growth.

Increasing Consumption of Functional Foods and Dietary Supplements

Growing health consciousness among consumers is elevating the demand for functional foods and dietary supplements enriched with bioactive compounds having additional nutritional and medicinal benefits. Perilla extract contains high amount of alpha-linolenic acid (ALA), rosmarinic acid, labiatic acid and polyphenolic compounds which impart anti-inflammatory, antioxidant and immune-modulating properties. Thus, perilla extract is increasingly being used in products under these categories for conditions like heart diseases, diabetes, cancer, neurological disorders and aging. Various product launches incorporating plant-based extracts including perilla are expanding in developed regions like North America and Europe where people spend considerably on premium health foods. Manufacturers are promoting functional attributes of perilla extract which is driving its incorporation in novel formulations targeted at health-conscious demographics globally.

Vulnerability to Climate Change Impacting Cultivation

Unpredictable weather patterns due to climate change pose a restrain in stable supply of perilla Crop. Perilla is predominantly grown in countries including China, Japan and Korea where fluctuating rainfall and temperature variations affect its yield and quality. Extreme weather events like flooding, draught and increased pest infestances disrupt perilla cultivation. Moreover, climate change leads to variations in chemical composition of perilla crops impacting functional qualities of derived extracts. Dependence on erratic agricultural production poses challenges for perilla extract manufacturers in maintaining consistent supply and standardization. This supply instability compels companies to rely on imports or explore alternate sourcing locations, hampering market growth to some extent. Advance farming technologies and development of climate-resilient cultivars can help counter such vulnerabilities in future.

Growing Popularity of Asian Foods Opening New Opportunities

Rising global popularity of Asian cuisines is paving opportunities for increased perilla extract usage. Countries worldwide are experiencing a boom in authentic Asian restaurants, fast food chains and retail availability of international food products. This growing preference for flavors from Japanese, Korean and Chinese recipes drives the need for distinctive herbs and seasonings including perilla. A multi-cultural demographic, extensive cross-border travel and digital exposure to exotic cuisines have made Asian foods more familiar to consumers globally. Manufacturers are capitalizing on this trend by developing various value-added perilla extracts and ingredients targeted at both foodservice and retail segments. Novel product positioning highlighting culinary uses and health appeals of perilla further augments its appeal beyond its traditional Asian markets. This expanding market for Asian flavors presents lucrative opportunities for perilla extract companies worldwide.

Natural Products with Clean label Gaining Popularity

In the backdrop of increasing health focus, there is a rising trend where consumers are inclined towards natural products with transparent and clean label. Perilla extract being naturally derived compound without additives or chemical modification meets the current demand pattern. The extract contains rosmarinic acid along with other polyphenols which impart various health-promoting effects. However, synthetic alternatives are also available which emulate perilla extract's flavor and functionalities. But manufacturers are compelled to switch to authentic plant-based formulations to earn credence of health-conscious buyers. Even the foodservice sector prefers clean label ingredients that can be promoted through communicative marketing. Perilla extract fulfills this requirement and is well-positioned to increase its market share due to growing popularity of simple and transparent natural products lacking artificial sources.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Perilla Extract market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Perilla Extract market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Perilla Extract Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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This release was published on openPR.