Plant Extracts Market Growth, Trends, Revenue, Size, Demand, Challenges and Future Competition
Plant Extracts Market Size- By Product Type, By Application, By Source, By Form - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Nov-2022 | Report ID: AGRI2207 | Pages: 1 - 230 | Formats*: |
| Category : Agriculture | |||
Plant Extracts Market Introduction and Overview
According to SPER Market Research, the Global Plant Extracts Market is estimated to reach USD 111.71 billion by 2032 with a CAGR of 12.5%.
The report includes an in-depth analysis of the Global Plant Extracts Market, including market size and trends, product mix, distribution channels, and supplier analysis. Plant extracts are natural substances obtained from different parts of plants through extraction processes. They contain a diverse range of compounds, including phytochemicals, essential oils, and antioxidants, which contribute to their medicinal, aromatic, and flavour properties. Plant extracts are used in a variety of sectors, including medicines, cosmetics, food & drinks, and aromatherapy. They are obtained using solvents and extraction methods tailored to the desired compounds and their characteristics.
- July 2022: Maison Lautier 1795 (fragrance), a naturals brand, and Symrise's first three product lines were presented. The focus is on hand-crafted, sustainably cultivated Mediterranean flowers and plants. This expands the smell product portfolio of the firm.
- Health and Wellness Trends: The increasing focus on health and wellness, including the desire for natural and sustainable products, has boosted the demand for plant extracts. These extracts are perceived as a healthier alternative to synthetic ingredients, aligning with the broader health-conscious consumer mindset.
Market Opportunities and Challenges
The increased demand for plant-based products in the pet care sector represents one business opportunity for the global plant extracts market. Natural and organic pet products are in high demand as pet owners prioritise the health and well-being of their furry companions. Plant extracts can help animals by improving digestion, boosting immunological function, and promoting general wellness. Plant extract producers have a tremendous chance to broaden their client base and tap into a rising market segment by expanding into the pet care sector.
A significant challenge for the global plant extracts market is the variability and complexity of raw materials. Different plant species, geographical origins, and cultivation conditions can lead to variations in the chemical composition of plant extracts. Ensuring consistent quality, potency, and efficacy of plant extracts can be challenging due to these natural variations. Standardization of extraction methods and establishing quality control measures to mitigate variability are crucial challenges that need to be addressed. Maintaining consistency in plant extracts is essential to meet regulatory requirements, meet customer expectations, and build trust in the market.
Market Competitive Landscape
There are several players in the market that are actively engaged in developing product with reduced health risks to meet emerging trends and comply with regulatory frameworks. These players are also involved in strategic activities such as mergers and acquisitions, business expansions, and partnerships to expand their market share. Some of these key players in the global Plant Extracts market include ADM, Carbery Group, Döhler, DSM, Givaudan, Indesso, International Flavors & Fragrances Inc., Kalsec Inc., Kangcare bioindustry co. ltd., Kerry Group Plc, Symrise, Synthi Industries Ltd, Vidya Herbs, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Application, By Source, By Form |
| Regions covered | Asia-Pacific, Middle East and Africa, North America, Europe, Latin America |
| Companies Covered | ADM, Carbery Group, Döhler, DSM, Givaudan, Indesso, International Flavors & Fragrances Inc., Kalsec Inc., Kangcare bioindustry co. ltd., Kerry Group Plc, Symrise, Synthite Industries Ltd, Vidya Herbs, Others |
COVID-19 Impact on Global Plant Extracts Market
COVID had several impacts on the global plant extracts market. Disruptions in transportation and logistics caused delays in the availability of raw materials and increased production costs. There was a shift in consumer preferences towards natural and plant-based products, including plant extracts, driven by the increased focus on health and wellness. Consumers sought immune-boosting and therapeutic properties, leading to a surge in demand for botanical extracts known for their health benefits. Additionally, with the closure or restrictions on physical stores, online retail became crucial for plant extract sales, leading to a significant rise in demand through e-commerce platforms and the growth of online marketplaces and direct-to-consumer sales.
Key Target Audience:
- Manufacturers and Producers
- Retailers and Distributors
- Research and Development Institutions
- Healthcare and Wellness Industry
- Food and Beverage Industry
- Cosmetics and Personal Care Industry
- Regulatory and Government Bodies
- Consumers
Our in-depth analysis of the Plant Extracts Market includes the following segments:
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| By Source: |
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| By Form: |
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Key Topics Covered in the Report:
- Global Plant Extracts Market Size (FY’2022-FY’2032)
- Overview of Global Plant Extracts Market
- Segmentation of Global Plant Extracts Market By Product Type (Oleoresins, Essential Oils, Flavonoids, Carotenoids, Other types)
- Segmentation of Global Plant Extracts Market By Application (Pharmaceuticals, Dietary Supplements, Food and beverages, Cosmetics, Other Applications)
- Segmentation of Global Plant Extracts Market By Source (Fruits and vegetables, Flowers, Herbs and Spices)
- Segmentation of Global Plant Extracts Market By Form (Dry, Liquid)
- Statistical Snap of Global Plant Extracts Market
- Expansion Analysis of Global Plant Extracts Market
- Problems and Obstacles in Global Plant Extracts Market
- Competitive Landscape in the Global Plant Extracts Market
- Impact of COVID-19 and Demonetization on Global Plant Extracts Market
- Details on Current Investment in Global Plant Extracts Market
- Competitive Analysis of Global Plant Extracts Market
- Key Market Players in the Global Plant Extracts Market
- SWOT Analysis of Global Plant Extracts Market
- Global Plant Extracts Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Plant Extract Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Plant Extract Market, By Product Type, 2019-2032 (USD Million)
6.1 Oleoresins
6.1.1. Oleoresins preserve robust flavor and aroma of spices
6.2 Essential Oils
6.2.1. Rising trend of aromatherapy in developing countries
6.3 Flavonoids
6.3.1. Anti-oxidative and Anti-inflammatory properties
6.4 Alkaloids
6.4.1. Anti- cancerous properties
6.5 Carotenoids
6.5.1. Increasing inclination of consumer toward natural products
6.6 Other types
7. Global Plant Extract Market, By Application, 2019-2032 (USD Million)
7.1 Pharmaceuticals
7.1.1. Increased demand for plant-based medicines
7.2 Dietary Supplements
7.2.1. Benefits such as boosting immunity related to herbal supplements
7.3. Food and beverages
7.3.1. Rising vegan population demanding plant-based foods
7.4 Cosmetics
7.4.1. Antimicrobial and antioxidant properties of plants extracts leading to adoption of herbal cosmetics
7.5 Other applications
8. Global Plant Extract Market, By Source, 2019-2032 (USD Million)
8.1 Fruits and Vegetables
8.1.1. Introduction of newer technologies
8.2 Flowers
8.2.1. Rising usage of flower extracts for fragrances in the cosmetic industry
8.3 Herbs and Spices
8.3.1. Bioactive function of herbs and spices
9. Global Plant Extract Market, By Form, 2019-2032 (USD Million)
9.1 Dry
9.1.1. Increasing use in pharmaceuticals and dietary supplement
9.2 Liquid
9.2.1 Shifting consumer preferences
10. Global Digital Pharmacy Market, By Region, 2019-2032 (USD Million)
10.1 North America
10.1.1. United States10.1.2. Canada10.1.3. Mexico
10.2 Europe
10.2.1. Germany10.2.2. United Kingdom10.2.3. France10.2.4. Italy10.2.5. Spain10.2.6. Rest of Europe
10.3 Asia-Pacific
10.3.1. China10.3.2. Japan10.3.3. India10.3.4. Australia10.3.5. South Korea10.3.6. Rest of Asia-Pacific
10.4 South America
10.4.1. Brazil10.4.2. Argentina10.4.3. Rest of South America
10.5 Middle East & Africa
10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1 ADM (US)
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Carbery Group (Ireland)
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 Döhler (Germany)
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 DSM (Netherlands)
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 Givaudan (Switzerland)
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Indesso (Indonesia)
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 International Flavors & Fragrances Inc. (US)
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Kalsec Inc. (US)
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Kangcare bioindustry co. ltd. (China)
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 Kerry Group Plc (Ireland)
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 Symrise (Germany)
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
11.12 Synthite Industries Ltd (India)
11.12.1 Company details11.12.2 Financial outlook11.12.3 Product summary11.12.4 Recent developments
11.13 Vidya Herbs (India)
11.13.1 Company details11.13.2 Financial outlook11.13.3 Product summary11.13.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Plant Extracts Market is projected to reach USD 111.71 billion by 2032, growing at a CAGR of 12.5% during the forecast period.
The Plant Extracts Market grew in market size from 2021. The Market is expected to reach USD 111.71 billion by 2032, at a CAGR of 12.5% during the forecast period.
The Plant Extracts Market CAGR of 12.5% during the forecast period.
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The Plant Extracts Market size is USD 111.71 billion from 2022 to 2032.
The Plant Extracts Market segment is Covered By Product Type, By Application, By Source, By Form.
The key players in the market include Companies Covered ADM (US), Carbery Group (Ireland), Döhler (Germany), DSM (Netherlands), Givaudan (Switzerland), Indesso (Indonesia), International Flavors & Fragrances Inc. (US), Kalsec Inc. (US), Kangcare bioindustry co. ltd. (China), Kerry Group Plc (Ireland), Symrise (Germany), Synthite Industries Ltd (India), Synthite Industries Ltd (India), Vidya Herbs (India).
The North America region is anticipated to have the highest market share in the Plant Extracts Market.
The vegan movement is driving rapid growth in the market for plant extracts. A vegan is someone who does not consume any meat, eggs, or dairy products.
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