Plant Extracts Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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Plant Extracts Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : January, 2023 | Food and Beverages

Report Digest

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:

  • PT Indesso Aroma
  • Synthite Industries Private Ltd.
  • Kangcare Bioindustry Co. Ltd.
  • Flavors ^& Fragrances Inc.
  • Sensient Technologies Corporation
  • Givaudan
  • Others

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

  • A leading supplier of essences, flavors, and extracts for the food and beverage industry called Synergy Flavors declared their joint venture with an Italian flavor and herbal extract companies called Janousek for expanding their brand name in to the European region.
  • A subsidiary of Symrise called Diana Food launched a new research and development laboratory in Quebec, Canada for the manufacturing and production of nutritional ingredients for using in medical solutions. They worked mainly on extracts from blueberries, cranberries, and their uses in various health products such as nutritional supplements.

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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?