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Plant Extracts Market worth $70.19 billion by 2030, growing at a CAGR of 8.27% - Exclusive Report by 360iResearch
Plant Extracts Market | 360iResearch
The Global Plant Extracts Market to grow from USD 40.24 billion in 2023 to USD 70.19 billion by 2030, at a CAGR of 8.27%.
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Plant extracts are concentrated substances or compounds derived from the processing of different parts of plants, such as leaves, roots, fruits, or flowers, aimed at preserving the active compounds responsible for the plant's therapeutic or aromatic properties. These extracts are pivotal in various industries, including pharmaceuticals, cosmetics, food and beverages, and nutraceuticals, due to their natural origin, perceived health benefits, and versatility in application. The market for plant extracts is experiencing significant expansion driven by the rising consumer preference for natural and organic products, heightened awareness regarding the health benefits associated with plant-based ingredients, and continuous innovation in extraction technologies enhancing the efficiency and purity of extracts. Despite their popularity, plant extracts face challenges, including issues of sustainability, standardization, and potential adverse effects when improperly used or processed. Addressing these concerns requires stringent regulatory oversight, advancements in sustainable farming and extraction practices, and continuous research to ensure the safety and efficacy of extracts. The exploration of novel plant sources with unique health benefits, development of more targeted and efficient extraction techniques, and expansion into new application areas driven by evolving consumer demands for sustainable and health-promoting products are expected to grow the requirement for plant extracts in the coming years.
In the Americas, the focus on health and wellness drives the significant use of plant extracts in dietary supplements and pharmaceuticals. This region benefits from robust R&D capabilities and a strong regulatory framework, fostering a competitive but innovative environment for plant extract companies. The APAC region, led by countries such as China and India, showcases a deep-rooted historical connection to plant extracts, primarily in traditional medicine, which has seamlessly transitioned into modern applications such as cosmetics and foods. The area is a major producer, benefiting from a vast array of plant biodiversity and cost-effective labor, which also makes it a global exporting hub. A mix of traditional family-run operations and burgeoning modern enterprises characterizes the extract industry in APAC. In contrast, the EMEA region exhibits a strong inclination towards scientific research and quality, with a regulatory landscape that emphasizes safety and efficacy, particularly in the European Union. The use of plant extracts in EMEA is diverse, spanning pharmaceuticals, nutraceuticals, and an expanding natural cosmetics sector. Production is more fragmented than in APAC, with a significant portion of raw materials sourced internationally. However, companies in EMEA often lead in certification and sustainability efforts, catering to a consumer base that values ethical and environmentally friendly products.
Market Segmentation & Coverage:
This research report categorizes the Plant Extracts Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Essential Oils & Natural Extracts, Flavors & Fragrances, Phytochemicals, Phytomedicines & Herbal Extracts, and Spices. The Flavors & Fragrances is projected to witness significant market share during forecast period.
Based on Sources, market is studied across Flowers & Leaves, Fruits & Vegetable, and Seeds & Barks. The Flowers & Leaves is projected to witness significant market share during forecast period.
Based on Form, market is studied across Dry and Liquid. The Liquid is projected to witness significant market share during forecast period.
Based on Application, market is studied across Cosmetics, Dietary Supplements, Food & Beverage, and Pharmaceutical. The Dietary Supplements is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.39% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Plant Extracts Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Plant Extracts Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Plant Extracts Market, highlighting leading vendors and their innovative profiles. These include Archer-Daniels-Midland Company, Bio Answer Holdings Inc., Blue Sky Botanics Ltd., Botanic Healthcare Group, Chr. Hansen A/S, Dohler GmbH, Euromed S.A., FLAVEX Naturextrakte GmbH, Frutarom Industries Ltd., Herbal Creations, Indena Spa, International Flavors & Fragrances Inc., Kalsec Inc., Kemin Industries Inc., Kuber Impex Ltd, Martin Bauer GmbH & Co. KG, Natac, S.L.U, Native Extracts Pty Ltd., Organic Herb Inc., S.A. Herbal Bioactives LLP, Sensient Technologies Corporation, Symrise AG, Synthite Industries Ltd., Tokiwa Phytochemical Co., Ltd., and Vidya Herbs Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Plant Extracts Market, by Type
7. Plant Extracts Market, by Sources
8. Plant Extracts Market, by Form
9. Plant Extracts Market, by Application
10. Americas Plant Extracts Market
11. Asia-Pacific Plant Extracts Market
12. Europe, Middle East & Africa Plant Extracts Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Plant Extracts Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Plant Extracts Market?
3. What is the competitive strategic window for opportunities in the Plant Extracts Market?
4. What are the technology trends and regulatory frameworks in the Plant Extracts Market?
5. What is the market share of the leading vendors in the Plant Extracts Market?
6. What modes and strategic moves are considered suitable for entering the Plant Extracts Market?
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