123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Food,-Cooking-and-Drink >> View Article

Plant Extracts Market: Comprehensive Analysis Of The Development Factors In The Industry

Profile Picture
By Author: MarketsandMarkets
Total Articles: 206
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The rising awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts have significantly fueled the market for plant extracts. Further, due to the growth in R&D activities in plant extracts market and increase in popularity of convenience foods, there has been a growing need for plant extracts in food & beverage industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=942

The pharmaceuticals & dietary supplements segment is expected to be the largest application segment of the plant extracts market. This can be attributed to increasing consumer awareness about the benefits of herbal medicines over allopathic medicines. Further, as a result of the growing incidents of illnesses due to stressful and busy lifestyles, consumers are demanding functional food & supplements for regular consumption.

By type, phytomedicines & herbal ...
... extracts accounted for the largest share in the plant extracts market during the forecast period. The demand for phytomedicines & herbal extracts is increasing significantly in various applications, including skincare, health care, functional food, nutraceuticals, and cosmetics, due to the growing awareness of its health benefits among consumers. Also, improper use of antibiotics causes certain bacteria strains to develop resistance, which further leads to fatal consequences. These instances have encouraged the demand for plant-based medicines and supplements. Herbal medicines are witnessing an increasing preference as they mainly protect from several infections and are considered better alternatives for existing and emerging antimicrobial drug-resistant (ADR) pathogens.

As a source, leaves are projected to record one of the fastest growth in the plant extract market during the forecast period. Leaves and herbs are used since ancient times to manufacture herbal medicines. However, they are now gaining tremendous popularity due to the changing consumer trend of using natural products rather than synthetic ones. The leaves of many plants, including rosemary, aloe vera, basil, thyme, clove leaves are highly rich in antioxidants and also offer anti-microbial properties. This has led to their extensive usage in the cosmetics, pharmaceutical, and personal care industries.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=942

In 2018, Asia Pacific constituted a market share of 56.5% within the plant extracts market. The market for plant extracts in the region is thriving due to strong local and international demand. The Asian countries such as China and India have a sizeable tropical area, having diverse medicinal and herbal plants. This allows small and medium-sized manufacturers of plant extracts, to have efficient processing of plant extracts as they are aware of the benefits offered by them, owing to the rich history of producing medicinal plants with advanced technology.

The key players profiled in the plant extracts market include Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Döhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Total Views: 71Word Count: 731See All articles From Author

Add Comment

Food, Cooking and Drink Articles

1. Food Trends In Pandemic Weddings
Author: salman aqeel

2. How Is Gong Cha Bubble Tea Better Than Other Boba Tea Shops
Author: Rosario Berry

3. Best Gong Cha Bubble Tea Variety
Author: Rosario Berry

4. Best Bubble Tea Store Locations In Texas
Author: Rosario Berry

5. Best Bubble Tea Places In Texas
Author: Rosario Berry

6. Globally Unique Breakfast Meals You Need To Try!
Author: Gayatri Tampi

7. The Old Vs. New - Momos
Author: Gayatri Tampi

8. Global Meat-free Chicken Tenders Market Growth 2021-2026
Author: Kavita

9. Global Vegan Dog Food Market Growth 2021-2026
Author: Kavita

10. Global Duty-free Liquor Market Growth 2021-2026
Author: Kavita

11. Global Human Grade Pet Food Market 2021 By Manufacturers, Regions, Type And Application, Forecast To 2026
Author: Kavita

12. Health Benefits Of An Organic Chocolate
Author: Jahnavi Duduka

13. Five Reasons Your Event In Hyderabad Need To Have A Catering Service
Author: Sandeep Arvapalli

14. Must-know Reasons To Purchase Keto Collagen Protein Powder
Author: Danial Lewis

15. Global Commodities Sweeteners Ingredients Market 2021 By Manufacturers, Regions, Type And Application, Forecast To 2026
Author: Kavita

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: