Plant Extracts Market - Trends Forecast Till 2028

Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Spices, Essential Oils, Flavors & fragrances), Application (Pharmaceutical & Dietary Supplements, Food & beverages, cosmetics), Sources, and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: May, 2021

Base Year Estimate: 2020

Report ID: D-FB-PEM-161

Format:  

Number of Pages: 432

Domain: Food & Beverages

Plant Extracts Market – Trends Forecast Till 2028

The global plant extracts market is estimated at USD 30.8 billion in 2021 and is projected to reach USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2028.

The increase in the number of health-conscious people and also the rising vegan trends are some of the factors that have supported long-term expansion for the Plant Extracts Market.

Plant Extracts Market Report

Plant Extracts Market is segmented into type, application, source, and geography.

The type segment is segmented into phytomedicine & herbal extracts, essential oils, spices and flavors, and fragrances.

The application segment is segmented into pharmaceuticals & dietary supplements, food & beverages, and cosmetics.

Source segment is segmented into fruits, flowers & bulbs, leaves, rhizomes & roots, and barks and stems.

Geographically, Plant Extracts Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in Plant Extracts Market are Givaudan (Switzerland), Sensient Technologies Corporation (US), International Flavors & Fragrances, Inc (US), Kangcare Bioindustry Co., Ltd. (China), Synthite Industries Private Ltd. (India), and PT. Indesso Aroma (Indonesia).

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Research Methodology

Secondary Research

In the secondary research process, various secondary sources such as the Food and Agriculture Organization (FAO), United States Department of Agriculture (USDA), European Commission, Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, food safety organizations, regulatory bodies, and trade directories.

Primary Research

The plant extracts market comprises several stakeholders such as on the Supply-side: plant extracts producers, suppliers, distributors, importers, and exporters, and on the Demand-side: pharmaceutical product manufacturers, food and beverage manufacturers, cosmetic producing companies, and research organizations. Regulatory-side: Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies & NGOs, and other regulatory bodies, Food product consumers, Regulatory bodies, including government agencies and NGOs, Commercial research & development (R&D) institutions and financial institutions, Government and research organizations

The primary Respondent breakdown is given below:

Plant Extracts Market Primary Respondents

 

Market Sizing

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the plant extracts market.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for plant extracts market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 30.8 billion

Growth Rate

CAGR of 6.0% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, application, source, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Givaudan (Switzerland), Sensient Technologies Corporation (US), International Flavors & Fragrances, Inc (US), Kangcare Bioindustry Co., Ltd. (China), Synthite Industries Private Ltd. (India), and PT. Indesso Aroma (Indonesia).

Available Customization

In addition to the market data for Plant Extracts Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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