Press release
Global Plant Extracts Market: Rising Consumer Awareness Driving Accelerated Growth
Global Plant Extracts Market
What Is The Projected Market Size Of The Global Plant Extracts Market And Its Growth Rate?
• Market Size (2024): $30.31 billion
• Market Size (2025): $33.16 billion (CAGR: 9.4%)
• Market Size (2029): $49.2 billion (CAGR: 10.4%)
The growth highlights a rapid expansion driven by rising consumer awareness, increasing demand for natural ingredients, and innovative applications in pharmaceuticals, enhanced by global trade.
What Is Driving The Growth In The Plant Extracts Market?
The significant rise in veganism is a tremendous driver for the plant extracts market. The preference for plant-based products among individuals avoiding animal products is increasing. Additionally, retail sales of plant-based foods in the United States recorded a 6.6% growth in 2022, according to the Plant-Based Foods Association. The tremendous evolution in veganism is, therefore, driving the growth of the plant extract market.
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Who Are the Key Players Driving Plant Extracts Market Growth?
• Naturex S. A.
• Berkem S. A.
• Kuber Impex Ltd.
• Organic Herb Inc.
• Givaudan S. A.
• Arjuna Natural Pvt Ltd.
• Synthite Industries Private Ltd.
• Martin Bauer Group
• Tokiwa Phytochemical Co Ltd.
• Native Extracts Pty Ltd.
• Symrise AG
• Sensient Technologies Corporation
• PT Indesso Aroma
• Vidya Herbs Pvt Ltd.
• Plant Extracts International Inc.
• Indena S. p. A.
• Nutra Green Biotechnology Co Ltd.
• Nantong Sihai Plant Extracts Co. Ltd.
• Schwabe Group
• Provital Group
• Chenguang Biotech Group Co Ltd.
• Kangcare Bioindustry Co. Ltd.
• International Flavors & Fragrances Inc.
• Kerry Group plc
• Archer Daniels Midland Company
• Kalsec Inc.
• Carbery Group
• Koninklijke DSM N. V.
• Döhler GmbH
• Vital Herbs
• Sydler India Pvt. Ltd.
• Plantnat
• Sabinsa Corporation
• Nexira
What Are The Key Trends In The Plant Extracts Market?
• Rising research and development activities
• Technological advancements in extraction techniques
• Focus on superfoods
• Personalization of nutraceuticals
• Innovations in extraction methods
• Emergence of plant-based meat alternatives
• Integration of traditional medicine
• Clean label movement
What Are The Segments Of The Global Plant Extracts Market?
• By Type: Spices, Essential Oils And Natural Extracts, Flavors And Fragrance, Phytomedicines And Herbal Extracts, Phytochemicals, Other Types
• By Source: Fruits, Flowers And Bulbs, Leaves, Rhizomes And Roots, Barks And Stems, Other Sources
• By Application: Pharmaceuticals, Food And Beverages, Cosmetics, Other Applications
Which Region Leads The Plant Extracts Market?
The Asia-Pacific region led the plant extracts market in 2024, and it is anticipated to be the fastest-growing region in the forecast period. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Plant Extracts Market Global Market Report?
- Market Size Analysis: Analyze the Plant Extracts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Plant Extracts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Plant Extracts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Plant Extracts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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