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Global Plant Extracts Market By Type (Phytomedicines, Phytochemicals, Essential Oils, Spices, Others), By Form (Powder, Liquid, Others), By Source (Flowers & Bulbs, Barks & Stems, Rhizomes & Roots, Leaves, Fruits, Others), By Method (Maceration, Infusion, Percolation, Decoction, Soxhlet Extraction, Supercritical Fluid Extraction, Ultrasound Assisted Extraction, Microwave Assisted Extraction, Others), By Application (Pharmaceuticals, Food & Beverages, Cosmetics, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Description
Global Plant Extracts Market Overview:
The global plant extracts market is estimated to reach USD 92 billion by 2030, growing at a CAGR of 6.0% from 2022 to 2030 and was valued at USD 53 billion in 2022. Plant extract is a substance that we get after extraction and separation, using plants as the raw material. Plants usually contain different chemicals like alkaloids, tannins, glycosides, resins (including resin alcohols and hydrocarbon resins, etc), plant pigments, sugars (including starches, phlegmatic, etc), volatile oils, etc that can be found in different parts of the plant like stem, leaf, root, flower, etc. These extracts are separated from the tissues of a plant using various type of solvents which differs based upon the methodology. The extracts are used as raw materials for manufacturing many products.Global Plant Extracts Market Insight
The major factors are the rising awareness of people about the synthetic ingredients and knowing how it affects their health. The ultra-processed food (including frozen, ready meals, pastries, reconstituted meats like sausage, nuggets, sodas, etc) contain a very high amount of sugar, trans fat, artificial ingredients that increases the risk of cardiac diseases. The change in the perception of people to plant-based food increased, considering the nutritional benefits and the varieties of food available like plant-based meat, plant-based milk, plan-based ice cream, plant-based yoghurt, plant-based ready to drink beverages, plant-based sauces, etc. Because of the medicinal value and healing properties, these extracts are highly demandable in the pharmaceutical and cosmetic sector as well.Growth Driver
Increase in demand of plant extracts due to COVID-19
Pure compounds or crude extracts taken from plants or herbs such as Artemisia annua, Astragalus membranaceus, Ecklonia cava, Glycyrrhizae uralensis, Houttuynia cordata, Lindera aggregata, etc has shown good effects againt corona. About 219 plants from 83 families were found to have antiviral activity. Among them, 149 plants from 71 families were screened for the identification of the major plant secondary metabolites (PSMs) that might be effective for this pandemic.Plant Extracts in Agriculture
Plant extracts have antifungal, antiparasitic, antibacterial, antiviral, etc properties in them that can be used as natural pesticides replacing the synthetic ones which affects both the environment and humans. As people today are more interested in buying organically produced fruits and vegetables, the market for botanical pesticides (naturally occurring secondary metabolites (phytochemicals) extracted from the plant sources which can control and kill the pests) has increased.Type Segmental Analysis
Based on the type, the global plant extracts market can be segmented into phytomedicines, phytochemicals, essential oils, spices and others. The Phytomedicine segment is estimated to witness the highest growth over the analysis timeframe due to their treating and healing property and the side effects of long-term usage of synthetic drugs. The Phytochemical segment is also rising in dietary supplements and in pharmaceutical, biochemical, agrochemical sector. Because of the antioxidant and anti-inflammatory properties, the phytochemicals are effective in treating various diseases, mainly cancer.Form Segmental Analysis
Based on the Form, the Global Plant Extract Market is segmented into powder, liquid, others. The powder segment is witnessed to dominate the market as they are widely used in confectionery, dairy, meat, soy, etc. The Liquid segment has also gained in the market which is majorly utilized for preparation of medicines and beverages.Source Segmental Analysis
Based on Source, the Global Plant Extracts can be segmented into Flowers& Bulbs, Barks & Stems, Rhizomes & Roots, Leaves, Fruits, Others. The fruit, flower and leaf segment are projected to augment considerable share in the market. The fruit is widely utilized for the aroma in the food and beverage industry. The demand for flowers increased for their natural dyes, essential oils, cosmetics, etc. Ever since ancient times, leaves are used by beauty care, cosmetic and pharmaceutical industry like the leaves of aloe vera, basil, cloves, etc.Method Segmental Analysis
Based on method, the global plant extracts market can be segmented into Maceration, Infusion, Percolation, Decoction, Soxhlet Extraction, Supercritical Fluid Extraction, Ultrasound Assisted Extraction, Microwave Assisted Extraction, Others. Each method of extraction depends upon the kind of extract that we need. There are also several factors to be considered before opting a method of extraction. These factors can be stability of heat, nature of solvent, duration of extraction, etc.Application Segmental Analysis
Based on the application, the global plant extracts cab be segmented into pharmaceuticals, food and beverages, cosmetics, others. Pharmaceutical sector has a significant share in the market and has increased during the pandemic. As people are concerned more about the intake of drugs and medicines, most population prefer drugs with natural ingredients as they do not have side effects compared to the synthetic ones. As there are no adverse effect, these extracts are majorly used for drug development. The pharmaceutical companies can reduce the cost in developing new drugs as the availability of plants is enormous. Cosmetic sector has also increased the usage of the plant extracts as they have found a scientific evidence showing that plant extracts not only posses a vast arsenal of active ingredients that only calms and soothes the skin but also helps in healing, protecting and restoring the human skin. Today, almost everybody prefers a cosmetic product that is non chemical and natural. Food and beverages industries also rely upon plant extracts for the color, taste, aroma and flavor. Plant extracts in beverages is commonly used to boost the immune system, improve skin health, relaxation, etc and the spicy extracts like the ginger, anis, chili are widely used in confectioneries.Region Segmental Analysis
The global plant extracts market can be segmented by region into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North American countries like the United States have a huge market for plant extracts as the region has been witnessing problems such as cancer, hypertension, diabetes, and obesity, among others, among its population in recent years. Asia Pacific countries also witness a considerable growth in the global plant extract market because of the perfectly suitable environment for the growth of the plants and people opting for natural plant-derived products.Competitor Analysis
Competitors such as Herbochem, Mountain Rose Herbs, Naturex SA, Ransom Naturals Ltd, Martin Bauer Group, PT. Indesso Aroma, Synergy Flavors, Inc, Organic Herb Inc, Haldin Pacific Semesta and Kalsec, Inc are the key players in the global plant extracts market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- India home and personal care manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to home and personal care
- Regulatory bodies
- Suppliers
- Retailers
- In May 2021, Innova Flavors, a supplier of savory flavors and elements, was developed by Synergy Flavors Inc. The investment broadens Synergy’s savory capabilities and will aid in developing new products in meat alternatives, plant extract sauces, and side dishes.
The objective of the Research
- Market modelling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behaviour, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Table Of Contents
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2020
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Impact of COVID-19 on Global Plant Extracts Market
- Economic Impact Study on Global Plant Extracts Market
- Global Plant Extracts Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Plant Extracts Market
- North America Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- North America Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Type
- Demand
- North America Market Size & Forecast, 2016-2027
- By Country
- US
- Canada
- Mexico
- Europe Plant Extracts Market
- Europe Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- Europe Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Type
- Demand
- Europe Market Size & Forecast, 2016-2027
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific Extracts Market
- Asia Pacific Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- Asia Pacific Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- By Type
- Demand
- Asia Pacific Market Size & Forecast, 2016-2027
- South America Extracts Market
- South America Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- South America Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Type
- Demand
- South America Market Size & Forecast, 2016-2027
- By Country
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa Extracts Market
- Middle East and Africa Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Tons)
- Middle East and Africa Market Share & Forecast, 2016-2027
- By Type
- Phytomedicines
- Phytochemicals
- Essential oils
- Spices
- Others
- By Form
- Powder
- Liquid
- Others
- By Source
- Flowers & Bulbs
- Barks & Stems
- Rhizomes & Roots
- Leaves
- Fruits
- Others
- By Method
- Maceration
- Infusion
- Percolation
- Decoction
- Soxhlet Extraction
- Supercritical Fluid Extraction
- Ultrasound Assisted Extraction
- Microwave Assisted Extraction
- Others
- By Application
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- By Type
- Demand
- Middle East and Africa Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Herbochem
- Mountain Rose Herbs
- Naturex SA
- Ransom Naturals Ltd.
- Martin Bauer Group
- Indesso Aroma
- Synergy Flavors, Inc.
- Organic Herb Inc
- Haldin Pacific Semesta
- Kalsec, Inc.
Methodology
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Frequently Asked Questions(FAQ)
The global plant extracts market is estimated to reach USD 92 billion by 2030, growing at a CAGR of 6.0% from 2022 to 2030 and was valued at USD 53 billion in 2022.
The major factors are the rising awareness of people about synthetic ingredients and knowing how it affect their health
Competitors such as Herbochem, Mountain Rose Herbs, Naturex SA, Ransom Naturals Ltd, Martin Bauer Group, PT. Indesso Aroma, Synergy Flavors, Inc, Organic Herb Inc, Haldin Pacific Semesta and Kalsec, Inc are the key players in the global plant extracts market.
Asia Pacific countries also witness considerable growth in the global plant extract market
