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Growing Demand For Natural Compounds Fueling The Plant Stem Cell Market Growth
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Rise in demand for natural products in North America boost growth of the plant stem cell market
North America and Europe are major market for plant stem cell. The main factor is advanced technology that allows research on cultivation and extraction of components from plants. Also, rising demand for naturally-obtained products among the populace and increasing awareness contributes towards growth of the plant stem cell market in these developed regions. The plant stem cell industry highly dependent on research work. Increasing R&D activities and government funding is positioning Asia Pacific as a hub for research activities, in turn making it a potential market for plant stem cell.
Plant stem cells are undifferentiated cells within the meristems of plants. Plant stem cells serve as the origin of plant vitality as they maintain themselves and provide a steady supply of precursor cells to form various tissues and organs in plants. Plant stem cells are characterized by two distinctive properties namely its ability to create differentiated cell types and to self-renew such that the number of stem cells remain stable. The plant stem cell market focuses on this ability of plant cells and thus, processed extracts from the buds, roots and shoots are in high demand and are widely used for topical uses.
Advancements in technology have led to use of either the regenerated plants developed by plant stem cells or the secondary metabolite created by the single cells during culturing. These have been proven beneficial for skin care and hair growth. Plant cell extracts are obtained through complex cultivation and extraction processes. Most preferred plant sources are alpine rose, grape, Swiss apple, edelweiss, gardenia, lilac, etc. Of these, the Swiss apple and grape are most widely used in the industry. Plant stem cells are more versatile and powerful than the whole plant. Hence, they are used in a wide range of applications. Their totipotent nature makes them a vital compound for various applications. Plant stem cell technology is mainly used in the cosmetics industry for manufacture of various skin and hair, among others.
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Key players engaged in plant stem cell market
Some of the major players in the market are Oriflame Holding AG, MyChelle Dermaceuticals, LLC, Natura Therapeutics Inc, Aidan Products LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc.
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