Plant Extracts Market Trends That Will Shape the Next Decade: Insights from Givaudan Launches Primelock+ To Enhance Plant-Based Products With Vegan-Friendly Fat Replication Technology

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How Large Will the Plant Extracts Market Size By 2025?
In recent years, there has been a vigorous growth in the market size of plant extracts. The market is projected to escalate from $30.31 billion in 2024 to $33.16 billion in 2025, marking a compound annual growth rate (CAGR) of 9.4%. The expansion witnessed in the historic period is largely due to growing consumer enlightenment, an upsurge in the need for natural ingredients, a broader application of these extracts in the pharmaceutical sector, and an increase in trade globalization.

How Big Is the Plant Extracts Market Size Expected to Grow by 2029?
The market size of plant extracts is forecasted to witness swift expansion in the upcoming years, rising to $49.12 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. The amplified growth during the forecast period is a result of the increasing demand for functional foods, widespread growth of cosmetics and personal care sectors, governmental support for herbal products, and concerns over environmental sustainability. The forecast period is likely to see trends such as intensified research and development efforts, progress in extraction techniques, emphasised focus on superfoods, customisation in nutraceuticals, extraction method innovations, the emergence of alternatives to meat based on plants, the incorporation of traditional medicine, and the clean label movement.

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Which Key Market Drivers Powering Plant Extracts Market Expansion and Growth?
The plant extract market is experiencing substantial growth due to the increasing popularity of the vegan lifestyle. People who choose a vegan diet abstain from consuming any animal products such as meat, eggs, and dairy products. Instead, they meet their nutritional needs through plant-based products. Retail sales of plant-based foods in the United States saw a 6.6% increase in 2022, as reported by the Plant-Based Foods Association (PBFA), a US-based trade association. Hence, the considerable rise in veganism is fuelling the expansion of the plant extract market.

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What Long-Term Trends Will Define the Future of the Plant Extracts Market?
Leading corporations in the plant extracts market are concentrating their efforts on creating innovative items like PrimeLock, a solution that is vegan-friendly and simulates animal fat cells. This assists food businesses in improving plant-based product engineering and boosting revenue in their market. For example, Givaudan, a Swiss-based flavor and fragrance business, unveiled PrimeLock+ in February 2022. This novel and vegan-friendly solution encapsulates and safeguards both flavor and fat, gradually releasing them during cooking and eating. This method helps retain the required moistness in plant-based foods like burgers and sausages, which often dry out during cooking. The technology facilitates a decrease of up to 75% of fat and 30% of the calories in plant-based products without sacrificing taste or texture.

What Are the Emerging 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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Who Are the Global Leaders in the Plant Extracts Market?
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

Which are the Top Profitable Regional Markets for the Plant Extracts Industry?
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

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