Plant Extracts Market Size Forecasted To Achieve $49.2 Billion By 2029 With Steady Growth

The Plant Extracts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Plant Extracts Market Size and Projected Growth Rate?
The market size for plant extracts has significantly expanded over the previous years. It is projected to rise from $30.31 billion in 2024 to $33.16 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The unprecedented growth in the historical period is a result of heightened consumer consciousness, increased need for natural elements, broader use in the pharmaceutical sector, and trade globalization.

Growth in the plant extracts market size is anticipated to escalate quickly in the coming years, reaching a value of $49.2 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 10.4%. This projected increase during the forecast period can be associated with an increased demand for functional foods, a growing cosmetics and personal care industry, government initiatives bolstering herbal products, and concerns over environmental sustainability. Significant forecast period trends encompass heightened research and development activities, progress in extraction technologies, an emphasis on superfoods, personalization in the field of nutraceuticals, innovative extraction procedures, the emergence of plant-based meat alternatives, the integration of traditional medicine, and the clean label movement.

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What Are the Major Segments in the Plant Extracts Market?
The plant extracts market covered in this report is segmented -

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

Subsegments:
1) By Spices: Whole Spices, Ground Spices, Spice Extracts
2) By Essential Oils And Natural Extracts: Aromatherapy Oils, Carrier Oils, Concentrated Extracts
3) By Flavors And Fragrance: Natural Flavoring Agents, Fragrance Oils, Flavoring Extracts
4) By Phytomedicines And Herbal Extracts: Herbal Supplements, Medicinal Plant Extracts, Traditional Herbal Remedies
5) By Phytochemicals: Alkaloids, Terpenoids, Polyphenols
6) By Other Types: Nutraceuticals, Cosmetic Plant Extracts, Feed Additives

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What Are The Driving Plant Extracts Market Evolution?
The surge of veganism has greatly influenced the expansion of the plant extract market. A vegan is someone who abstains from eating animal-based items, encompassing meat, eggs, or dairy. Plant-based meals are their primary source for satisfying nutritional needs. As an example, the Plant-Based Foods Association (PBFA), a trade group based in the United States, cited that retail sales of plant-based food items saw an increase of 6.6% in 2022. Hence, the surging vegan trend is fueling the expansion of the plant extract market.

Which Firms Dominate The Plant Extracts Market Segments?
Major companies operating in the plant extracts market include 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 Trends Are Expected to Dominate the Plant Extracts Market in the Next 5 Years?
The focus on innovative product development, such as PrimeLock, a vegan-friendly solution mimicking animal fat cells, is currently being prioritized by significant players in the market of plant extracts. This approach aids in the enhancement of plant-based product production and encourages consumer revenue growth. For example, Givaudan, a renowned business in the Swiss flavor and fragrance industry, introduced PrimeLock+, a natural vegan-friendly product, in February 2022. PrimeLock serves to capture and safeguard both the flavor and fat, releasing them slowly during the cooking and eating process. This procedure ensures the preservation of desired moistness in plant-based food items like burgers and sausages, which usually lose their moisture because of cooking. This unique technology allows for a decrease of fat by up to 75% and calories by 30% in plant-based products, without negatively impacting the taste or texture.

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Which Is The Largest Region In The Plant Extracts Market?
Asia-Pacific was the largest region in the plant extracts market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plant Extracts Market?
2. What is the CAGR expected in the Plant Extracts Market?
3. What Are the Key Innovations Transforming the Plant Extracts Industry?
4. Which Region Is Leading the Plant Extracts Market?

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