Plant Extracts Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030
Plant Extract Market: Overview
The well-known medicinal property of plants and their extensive use by the healthcare sector is the prime factor augmenting the growth of the global plant extract market. Additionally, the increasing use of plant extracts in food and beverage sector is also expected to propel the growth of this market in the forecast period set between 2020 and 2030. Plant extracts are amazingly mind boggling, multicomponent blends and the level of trouble in exact evaluation of plant chemicals is resolved essentially by their low fixation in extracts.
The global plant extract market is classified on the basis of type, application, sources, and regions. In terms of type, the market is divided into flavors & fragrances, spices, essential oils, and herbal extracts & phytomedicines. As per application segment, the market is grouped into cosmetics, food & beverage, pharmaceutical & dietary supplement, and others. With respect to sources, the market for plant extracts is categorized into rhizomes & roots, barks & stems, leaves, bulbs, flowers, and fruits, and others.
The report offers a comprehensive overview of the market and discusses the prime growth trajectories. This includes drivers, restraints, challenges, and upcoming opportunities. Additionally, the report discusses the impact of the coronavirus pandemic on this market and how can new strategies help gain better revenues in the coming years. Furthermore, the table of segmentation is described in details in this report with names of the leading segment and the factors attributing to its growth. The report is available for sale on the company website.
Plant Extracts Market: Company Profile
Manufacturers of the global plant extract market are investing heavily in research and development of better extracts for improving their product portfolio on the one hand and emerge dominant on the other. Some other players are also indulging in complete or partial collaborations and partnerships so as to share both the investment and profit, ensuring their brand name in the overall market competition.
Some of the notable players of the global plant extracts market include:
Plant Extract Market: Drivers and Restraints
The increasing demand for food preservatives emerge as the key factor augmenting the growth of the market for plant extracts market. Apart from this the increasing demand for plant extracts from various end use industries such as cosmetics, food & beverages, and pharmaceuticals will also aid in expansion of the market in the coming years. Additionally, the increasing use of plant extracts as dietary supplements and the rising population of health-conscious people.
Plant Extract Market: Notable Development
Plant Extract Market: Regional Insights
Geographically, the market is dominated by North America on account of the presence of major manufacturers of plant extracts. Additionally, the increasing number of bariatric population and the growing awareness about health and nutrition have propelled the need for better eating habits. This further augmented the need for dietary supplements, the base of which is produced from plant extracts. The United States is the largest producer of plant extracts in the region. On the other side, the market in Asia Pacific is expected to witness a remarkable growth rate as well on account of the high market revenues from India and China, and the increasing development of plant-based pharmaceuticals in the developing nations.
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5-Point Growth Formula
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The 5-point growth formula includes the following points:
Current and Future Threats
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Accurate Trend Analysis
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