Global Plant Extracts Market
- POSTED ON Tuesday, February 23, 2021
Global Plant Extracts Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 15% during forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Pharmaceuticals & dietary supplements sector is projected to be the major application segment of the plant extracts market. This can be recognized to growing customer awareness of the profits of herbal medicines over allopathic medicines. Also, as a result of the rising occurrences of illnesses because stressful and busy existences, customers are demanding functional food & supplements for regular consumption. Some of these enhancements include phytomedicines and herbal extracts, which are made up of naturally occurring components, they are exactly demonstrated to promote positive impact on the target functions beyond basic nutrition. Additionally, many governments are highly encouraging the use of herbal extracts for medication as alternative of synthetic ones, which is also driving the market growth. Leaves and herbs are being used ever since ancient times to creation of herbal medicines. But, they are now gaining incredible popularity because of the changing customer trend of using natural products relatively than that of synthetic ones. Leaves of many plants, containing rosemary, aloe Vera, basil, thyme, clove leaves are extremely rich in antioxidants and also offer anti-microbial properties. This has commanded to their wide usage in the cosmetics, pharmaceutical, and personal care industries. Because of high Vitamin A, Vitamin C, Vitamin K, magnesium, potassium, iron, and calcium content, basil extracts are being used widely in food & beverage applications. Also, mint extracts have extensive applications in personal care and medicinal products, as they usually help in treating allergies, fighting bowel impurities, and treating the common cold. Apart from these, many additional leaves and herb extracts are gaining acceptance across many industrial verticals conferring to the properties they offer. Geographically, Asia Pacific established a market share of 52% in the plant extracts market. Market for plant extracts in the region is flourishing because of strong local and international demand. Asian countries like China and India have a large tropical area, consuming diverse medicinal and herbal plants. This permits small and medium-sized builders of plant extracts, to have effective processing of plant abstracts as they are aware of the profits offered by them, because of the rich history of making medicinal plants with progressive technology. Companies in Indonesia, India, and Thailand are incessantly investing in the market and focusing on invention to enlarge their product range. This is because of the rise in the trade of plant extracts between Asia and international companies of plant extract-based products. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Plant Extracts Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Plant Extracts Market. Scope of Global Plant Extracts Market: Global Plant Extracts Market by Type: • Spices • Essential oils • Flavors & fragrances • Phytomedicines & herbal extracts Global Plant Extracts Market by Application: • Pharmaceuticals & dietary supplements • Food & beverages • Cosmetics • Others (personal care products and toiletries) Global Plant Extracts Market by Source: • Leaves • Fruits, flowers, and bulbs • Rhizomes & roots • Barks & stems • Others (seeds, pods, and berries) Global Plant Extracts Market by Region: • North America • Asia Pacific • Europe • Middle East & Africa • South America Key Players Operating in the Market Includes: • Givaudan • Sensient Technologies • Symrise AG • Kangcare Bioindustry Co., Ltd. • PT. Indesso Aroma • PT. Haldin Pacific Semesta • Vidya Herbs Private Limited • Tokiwa Phytochemical Co., Ltd., • Native Extracts Pty. Ltd. • Shaanxi Jiahe Phytochem Co.,Ltd • Synthite Industries Private Ltd. • Döhler • International Flavors & Fragrances, Inc • Martin Bauer GmbH & Co. KG • Arjuna Natural Extracts Ltd.