Global plant extract market is expected to register a healthy CAGR of 11.0% in the forecast period of 2019-2026. Rising growth in R&D activities in plant extracts market is the major factor for the growth of the market.
Key Market Competitors:
Few of the major competitors currently working in global plant extract market are Givaudan, Sensient Technologies Corporation, Symrise, Kangcare, PT. INDESSO AROMA, PT. Haldin Pacific Semesta., VidyaHerbs, Tokiwa Phytochemical Co. Ltd., NATIVE EXTRACTS Pty Ltd., Shaanxi Jiahe Phytochem Co., Ltd., Synthite Industries Ltd., Döhler, International Flavors & Fragrances, Inc., Martin Bauer Group, Arjuna Natural Pvt Ltd, Organic Herb Inc., Plant Extracts International Inc., Network Nutrition, FT Technologies, Lehmann&Voss&Co., Ingredia Nutritional, TimTec LLC, Alkaloids Corporation, Phyto Life Sciences P. Ltd., Phytovation, Kuber Impex Ltd, Qualiphar, Prinova Group LLC, Indena S.p.A., William Reed Business Media Ltd among others.
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The plant extracts are isolation of natural products from the plants. Plant extraction is separation of liquid or solid from plants by using extraction method. These plant extracts are used for various applications which include food industry, pharmaceuticals and cosmetic industry among others.
Global plant extract market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant extract market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Plant Extract Market
- By Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances)
- By Forms (Powder, Liquid, Others)
- By Source (Leaves, Fruits, Flowers and Bulbs, Rhizomes & Roots, Barks & Stems, Others)
- By Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics, Others)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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- Rising awareness about side-effects of synthetic flavors is driving the market growth
- Growing popularity of convenience foods may propel the growth of the market
- Growing health benefits offered by phytomedicines and herbal extracts will boost the market in the forecast period
- Increasing demand for dietary food supplements is a driver for the market growth
- Fluctuation of price will restrain the market growth
- Insufficient supply of raw materials is hampering the growth of the market
Reasons to Purchase this Report
- Current and future of global plant extract market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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