Global Plant Extract Market By Overview
Introduction
Plant extracts are most pressing source of biomolecules that can be screened from parts of plants. Biomolecules are extracted from medicinal plants by using extraction method and solvents. Plant extracts are active substance of desired property which are extracted from tissues of plants by specific treatment for specific purpose. Plant extracts has become important additives in food industries because of their content in polyphenols and carotenoids. Panax ginseng, Ginkgo biloba, Melissa officinalis, Valeriana officinalis L., Salvia lavandulifolia and Salvia officinalis are some examples of plant extracts. Plants are extracted by using its leaves, stems, roots, fruits and flowers. Medicinal extracts are herbal extracts which is a liquid solution of herbs and alcohol. Herbal medicines are safe and effective. Growing demand for plant extracts from pharmaceutical sector due to increasing costs of conventional allopathic medicines and their associated side-effects is the major factor driving the growth of the global plant extract market. In addition, rising demand for plant extracts due to growing awareness towards health benefits associated with herbal medicines and herbal products is another factor expected to support growth of the target market over the forecast period. Furthermore, food and drink companies have been incorporating natural ingredients into the products to meet the consumer demands. They are trying to manufacture preservatives using plant extract that would slow down the lipid oxidation and extend the shelf life which is another factor propelling the growth of the target market. Moreover, increasing use of plant extracts in personal care products, in cosmetics and various fragrances is some among the major factor expected to boost growth of the plant extracts market in the near future.
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Attributes |
Details |
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Plant Extract Market Value (2024) |
US$ 35.2Bn |
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Plant Extract Market Projected Value (2034) |
US$ 59.4Bn |
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Plant Extract Market CAGR (2024 – 2034) |
5.90% |
Global Plant Extract Market By Dynamics
Rise in use of natural skin care products and rate of urbanization
Rise in use of natural skin care products and rate of urbanization is one of the leading factors for the Plant Extract Market growth. Urbanization has given rise in education, employment opportunities, increase in working women and increase in awareness of organic products. Rise in consumer awareness about natural ingredient products which are organic and good for skin health has given rise in plant extract market growth. Rise in working women due to rapid urbanization has allowed them to spend more on organic skin care products. Natural skin care products are chemical free and don’t harm the health of human being. Natural ingredient skin care products provides natural fragrance, no or less skin irritation, and made without any artificial colors and harmful chemicals. Antioxidants present in natural skin care products helps in preventing pigmentation, reduce oxidative stress and provides protection to skin from free radicals. About 95% of contents of organic skincare products are active ingredients. Natural ingredient product contains plant extracts that allows skin to replenish. Plant extract are added to skincare products for its antimicrobial, anti-inflammatory, and antioxidant effects. Witch hazel, beta carotene, vitamin c, oats, green tea extract, willow herb, soy, oats are best natural ingredients for skin. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in use of natural skin care products and population in urban areas boosts the demand for Plant Extract market growth.
Rising demand in food & beverage industries
Rising demand in food & beverage industries has become the major factor in target market growth. Plant extracts in food & beverage industries provides benefits like health benefits, nutrient enhancers, flavoring agents, preservatives, coloring agents, etc. food and drink companies have been incorporating natural ingredients into the products to meet the consumer demands. They are trying to manufacture preservatives using plant extract that would slow down the lipid oxidation and extend the shelf life which is another factor propelling the growth of the target market. The main compound found in plants are alkaloids, terpenes, polyphenols, and glycosides. Use of plant extract increase the shelf life of food systems, provides nutritional & health related properties. Plant extracts has antioxidant properties. Awareness about health in consumers has given rise in use of natural ingredients in food. Use of natural ingredient in food & beverage industries has enhanced the Plant extract market growth.
Restrains:
However, stringent regulations associated with quality and safety of the plant extracts is a factor restraining the growth of the plant extracts market. In addition, the availability of synthetic products might act as a restraint for the overall market over the forecast period.
Global Plant Extract Market By Segmentation
Plant Extract Market is segmented based on Type, Forms, End-Users and region.
Type Insight
On the basis of Type Plant Extract Market is segmented into Herbal Extracts, Phytochemicals, Spices, Essential Oils and Natural Extracts, Flavors and Fragrances, and others. Herbal Extracts has dominated the target market due to its wide use in medicinal products, personal care & cosmetic products.
Forms Insights
On the basis of Forms Plant Extract Market is segmented into Powder, Liquid, and others. Liquid form has dominated the target market as it preserves taste, aroma, & biological activity of original herb.
End-Users Insights
On the basis of End-Users Plant Extract Market is segmented into Pharmaceuticals, Cosmetics, Functional Food and Beverages. Functional food & beverages has dominated the target market due to its rising demand in enhancing flavor and fragrances in food and beverages.
Regional Insights:
On region the Plant Extract Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, growing adoption for plant based type in cosmetic sector with rising trends of natural cosmetics products, is anticipated to increase demand for Plant Extract in the region.
eport Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Herbal Extracts, Phytochemicals, Spices, Essential Oils and Natural Extracts, Flavors and Fragrances, and others By Forms - Powder, Liquid, and others By End-Users - Pharmaceuticals, Cosmetics, Functional Food and Beverages |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Plant Extract Market report based on type, forms, end-users and region:
Plant Extract Market, By Type:
- Herbal Extracts
- Phytochemicals
- Spices
- Essential Oils and Natural Extracts
- Flavors and Fragrances
- Others
Plant Extract Market, By Forms:
- Powder
- Liquid
- Others
Plant Extract Market, By End-Users:
- Pharmaceuticals
- Cosmetics
- Functional Food and Beverages
Plant Extract Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Plant Extract Market By Key Players
The key players operating the Plant Extract Market includes,
- Givaudan
Givaudan is the global leader in fragrance & beauty, taste & wellbeing. Givaudan provides consumers with wide range of solutions which matches consumer demands for organic, clean & labelled, and natural ingredients to being their creative choice.
- Symrise AG
Symrise AG is located in Holzminden, Germany. Symrise AG is the largest producer of aroma chemicals, cosmetic ingredients, flavors and fragrances in the world. Symrise AG also offers functional ingredient & solutions which helps in enhancing sensory properties and nutrition of various products.
- Indesso Aroma
Indesso Aroma, is innovation driven and research oriented company. Indesso Aroma is manufacturer of wide range of nature based ingredients that are created by using Indonesian botanicals & other naturals for supporting creation of limitless daily products.
- Synthite Industries Private Ltd.
Synthite Industries Private Ltd., is an Indian oleoresin extraction firm. Synthite Industries Private Ltd., is the world’s largest producer of value added spices powder, spice extracts, essential oils, etc. Synthite has footprints in India, Brazil, China, USA, Sri Lanka and Vietnam.
- Arbro Pharmaceuticals Pvt. Ltd.
Arbro is the trusted name in Indian Pharmaceutical Industry with more than 35 years of experience in manufacturing & exporting of Pharmaceutical Formulations. It offers cosmetic products, food supplements, hand sanitizers, nutraceuticals and ayurvedic products.
- Leaven Essential Pvt. Ltd.
Leaven Essential is the manufacturer of spice, phytochemicals, botanical extracts, and natural ingredients for food & beverage, nutraceutical, pharmaceutical, and cosmetic industries also specialized in manufacturing bioactive ingredients of spice and herb with curcumin.
- Plant Extracts International Inc.,
Plant Extracts International Inc., is the manufacturer of innovative, trusted, and effective healthcare products. It offers products which includes Aethereo massage oils, Aethereo essential oils, Rain bath mineral salts, Aethero everywhere essential oil diffusers, Aethero multi-purpose mask & room sprays, and AetheroStick essential oil inhalers.
- Network Nutrition Pty Limited
Network Nutrition Pty Limited., is the part of Dutch-based multinational IMCD Network. Network Nutrition is the provider of natural healthcare ingredients. The company produces, formulates, and distributes nutritional, botanical and plant enzyme based raw materials to food sectors, cosmetics, and healthcare throughout New Zealand and Australia.
- Ingredia Inc.
Ingredia Inc., is the manufacturer of high quality ingredients for nutrition and health industry. Ingredia offers natural bioactive, innovative ingredients to provide targeted health benefits and adapted to be incorporated into dietary supplements and functional food & beverages.
- Alkaloids Corporation
Alkaloids Corporation Company was established in 1967. Alkaloids is the manufacturer of custom made products and are internationally recognized as reliable supplier of high quality Phytochemical products.
- Nantong Sihai Plant Extracts Co., Ltd.
Nantong Sihai Plant Extracts Co., Ltd., is the retailer, supplier, and exporter of garlic powder, ginger roots, pumpkin seed oil, onion powder, ginger squash, coriander powder, spray dried tamarind powder, cur-cumin, ginger pickle and others.
- Kangcare Bioindustry Co. Ltd.
Kangcare Bioindustry Co. Ltd., is the bio-science technology based company in global market which offers pharmaceutical ingredients & intermediates, cosmetic active ingredients and nutrient food additives.
Recent Development:
- In May 2022, Leaven Essential has launched Branded Botanical Extracts in Global market with formulating efficacious, science backed ingredients by research & clinical validation. Company is manufacturing standardized phytonutrients, herbal extracts & specialty fine chemicals to pharmaceutical & cosmetics industries, nutraceuticals, food supplements, food & beverage, etc.
- In February 2022, Arbro Pharmaceuticals Private Limited., has launched new plant based cosmetics and nutraceutical line of products in India which offers wide range of products containing fruits, plant extracts and flowers. From bathing bars, lotions to serums, shampoos, oils, the products are cost-effective.
Global Plant Extract Market By Company Profile
- Leaven Essential Pvt. Ltd.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Givaudan
- Symrise AG
- Indesso Aroma
- Synthite Industries Private Ltd.
- Arbro Pharmaceuticals Pvt. Ltd.*
- Plant Extracts International Inc.
- Network Nutrition Pty Limited
- Ingredia Inc.
- Alkaloids Corporation
- Nantong Sihai Plant Extracts Co., Ltd.
- Kangcare Bioindustry Co. Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Plant Extract Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Forms
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Plant Extract Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Herbal Extracts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Phytochemicals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Spices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Essential Oils and Natural Extracts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Flavors and Fragrances
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Plant Extract Market, By Forms, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Powder
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Liquid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Plant Extract Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cosmetics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Functional Food and Beverages
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Plant Extract Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Forms, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Forms, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Forms, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Forms, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Forms, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Givaudan
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Symrise AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Indesso Aroma
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Synthite Industries Private Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arbro Pharmaceuticals Pvt. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Leaven Essential Pvt. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Plant Extracts International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Network Nutrition Pty Limited.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ingredia Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alkaloids Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nantong Sihai Plant Extracts Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kangcare Bioindustry Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Plant Extracts Market is segmented into type, forms, end-users and region.
Plant Extract Market is driven by factors like rise in use of natural skin care products, rate of urbanization, rising demand in food & beverage industries.
By region, the Plant Extract market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Plant Extract Market includes, Givaudan, Symrise AG, Indesso Aroma, Synthite Industries Private Ltd., Arbro Pharmaceuticals Pvt. Ltd., Leaven Essential Pvt. Ltd., Plant Extracts International Inc., Network Nutrition Pty Limited, Ingredia Inc., Alkaloids Corporation, and Nantong Sihai Plant Extracts Co., Ltd., Kangcare Bioindustry Co. Ltd., and others.