Plant Extract Market by Type (Spices, Essential oils, Flavors & fragrances, Phytomedicines & herbal extracts) by Application (Pharmaceuticals & dietary supplements, Food & beverages, Cosmetics, Others): Growth, Future Prospects & Competitive Analysis, 2015 – 2027

Market Insights:

The global Plant Extract Market is expected to cross-market value of USD 76.40 billion in 2027 from USD 26.88 billion in 2020. It is expected to grow at a CAGR of over 16.5% during the forecast period.

A plant extract is an ingredient or an active compound having specific properties. These ingredients are extracted from the tissue of a plant, typically by Applications with a solvent to be used for a particular purpose. These plant extracts can be used in several sectors, such as functional properties for foodstuffs as an antioxidant, texturizer, etc. It can also be used in Application aids, chemical replacers, additives, herbal medicine products for therapeutic purposes, cosmetics for functional properties for beauty and well-being, etc. These plant extracts used in different sectors may be common. However, extraction Applications may vary depending upon the stability requirement and end-use.

Key Market Drivers and Restraints

Factors that have a high impact on the market growth of plant extract will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

Low Awareness Regarding Plant Extract Products in Low-Middle Income Countries May Affect the Market Growth

Products prepared with plant extracts sometimes cost more than synthetic products. The major factor hampering the adoption of plant extract in the medical sector is less in low-income countries. Moreover, a smaller number of research and development activities in these countries also affect the growth of the plant extract market. Most people in low-income countries still prefer synthetic products owing to cost differences, further hampering the market growth.

The Asia Pacific to Dominate the global market

On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. The Asia Pacific dominated with over 56% share in 2020.

Essential oils lead Global Market.

Spices, essential oils, phytomedicines & herbal extracts, and flavors & fragrances are the four types of the global market. Due to ongoing research and development on herbal medicines and rising patent formation on plant medicinal ingredients phytomedicines & herbal extracts segment holds a large share of the overall market. The segment’s growth is also supported by increasing awareness regarding the harmful effects of synthetic medicines among consumers.

Residential continues to dominate the global market in terms of Applications.

Pharmaceuticals & dietary supplements, food & beverages, cosmetics, and others are the application of this market. The pharmaceuticals & dietary supplements segment is anticipated to lead the market owing to the high demand for herbal medicines and increasing consumer preference for plant extract-based dietary supplements. Also, an increasing number of herbal medicinal products manufacturers support the segment’s growth.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Plant Extract Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Plant Extract Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Plant Extract Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Plant Extract Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Plant Extract Market, By Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Spices
6.2.3.Essential oils
6.2.4.Flavors & fragrances
6.2.5.Phytomedicines & herbal extracts
6.3.North America Plant Extract Market, by Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Commercial
6.3.3.Residential

7.Europe
7.1.Europe Plant Extract Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Plant Extract Market, By Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Spices
7.2.3.Essential oils
7.2.4.Flavors & fragrances
7.2.5.Phytomedicines & herbal extracts
7.3.Europe Plant Extract Market, by Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Commercial
7.3.3.Residential

8.Asia Pacific
8.1.Asia Pacific Plant Extract Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Plant Extract Market, By Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Spices
8.2.3.Essential oils
8.2.4.Flavors & fragrances
8.2.5.Phytomedicines & herbal extracts
8.3.Asia Pacific Plant Extract Market, by Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Commercial
8.3.3.Residential

9.Latin America
9.1.Latin America Plant Extract Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Plant Extract Market, By Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Spices
9.2.3.Essential oils
9.2.4.Flavors & fragrances
9.2.5.Phytomedicines & herbal extracts
9.3.Latin America Plant Extract Market, by Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Commercial
9.3.3.Residential

10.Middle East
10.1.Middle East Plant Extract Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Plant Extract Market, By Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Spices
10.2.3.Essential oils
10.2.4.Flavors & fragrances
10.2.5.Phytomedicines & herbal extracts
10.3.Middle East Plant Extract Market, by Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Commercial
10.3.3.Interior

11.Africa
11.1.Africa Plant Extract Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Plant Extract Market, By Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Spices
11.2.3.Essential oils
11.2.4.Flavors & fragrances
11.2.5.Phytomedicines & herbal extracts
11.3.Africa Plant Extract Market, by Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Commercial
11.3.3.Residential

12.Global
12.1.Global Plant Extract Market, By Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Spices
12.1.3.Essential oils
12.1.4.Flavors & fragrances
12.1.5.Phytomedicines & herbal extracts
12.2.Global Plant Extract Market, by Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Commercial
12.2.3.Residential

13.Company Profiles
13.1.Naturex Inc
13.2 Indena S.p.A.
13.3.Linnea SA
13.4.Plant Extracts International Inc
13.5.Lehmann & Voss & Co.
13.6.Kalsec Inc
13.7.Prinova Group LLC
13.8.K Patel Group
13.9.Frutarom Industries Ltd.

 

List of Figures

FIG. 1 Global Plant Extract Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Plant Extract Market Segmentation

FIG. 4 Global Plant Extract Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Plant Extract Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Plant Extract Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Plant Extract Market Manufacturers, 2019

FIG. 9 Global Plant Extract Market Value Contribution, By Type, 2019 & 2027 (Value %)

FIG. 10 Global Plant Extract Market, by Type 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Plant Extract Market, by Type 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Plant Extract Market, by Type 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Plant Extract Market, by Type 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Plant Extract Market, by Type 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Plant Extract Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Plant Extract Market Value Contribution, By Application, 2019 & 2027 (Value %)

FIG. 17 Global Plant Extract Market, by Application 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Plant Extract Market, by Application 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Plant Extract Market, by Application 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 24 France Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 27 China Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 28 India Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Plant Extract Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Plant Extract Market, 2015-2027 (US$ Bn)