Sizing and Forecast
The plant extracts market size has grown strongly in recent years. It will grow from $27.94 billion in 2023 to $30.55 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing consumer awareness, rising demand for natural ingredients, expanding applications in pharmaceuticals, globalization of trade.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/plant-extracts-global-market-report
Segmentation & Regional Insights
The plant extracts market covered in this report is segmented –
1) By Type: Spices, Essential Oils and Natural Extracts, Flavors and Fragrance, Phytomedicines and Herbal Extracts, Phytochemicals, Other Types
2) By Source: Fruits, Flowers and Bulbs, Leaves, Rhizomes and Roots, Barks and Stems, Other Sources
3) By Application: Pharmaceuticals, Food and Beverages, Cosmetics, Other Applications
Asia-Pacific was the largest region in the plant extracts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6862&type=smp
Major Driver Impacting Market Growth
The rapid growth in the vegan trend is significantly contributing to the growth of the plant extract market. A vegan refers to a person who doesn’t consume animal products, including meat, eggs, or dairy products. Vegan people consume plant-based products to fulfil their nutritional requirements. For instance, according to the Plant-Based Foods Association (PBFA), a US-based trade association, retail sales of plant-based foods in the United States increased by 6.2% in 2021. Therefore, the rapid growth in vegan trends is driving the growth of the plant extract market.
Key Industry Players
Major companies operating in the plant extracts market report are Naturex S. A., Berkem S. A., Kuber Impex Ltd., Network Nutrition Pty Limited, Organic Herb Inc., Qualiphar-Gifrer, Givaudan S. A., Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise AG, Sensient Technologies Corporation, PT Indesso Aroma, Vidya Herbs Pvt Ltd., Plant Extracts International Inc., Indena S. p. A., Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe Group, Provital Group, Chenguang Biotech Group Co Ltd., Kangcare Bioindustry Co. Ltd., International Flavors & Fragrances Inc., Kerry Group plc, Archer Daniels Midland Company, Kalsec Inc., Carbery Group, Koninklijke DSM N. V., Döhler GmbH, Vital Herbs, Alchemy Chemicals, Sydler India Pvt. Ltd., Plantnat, PhytoVation Ltd., Sabinsa Corporation, Nexira
The plant extracts market report table of contents includes:
1. Executive Summary
2. Plant Extracts Market Characteristics
3. Plant Extracts Market Trends And Strategies
4. Plant Extracts Market – Macro Economic Scenario
5. Global Plant Extracts Market Size and Growth
……….
31. Global Plant Extracts Market Competitive Benchmarking
32. Global Plant Extracts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Plant Extracts Market
34. Plant Extracts Market Future Outlook and Potential Analysis
35. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The cytotoxic drugs global market report 2024 from The Business Research Company provides comprehensive market…
The combat management system global market report 2024from The Business Research Company provides comprehensive market…
The clinical trial imaging global market report 2024from The Business Research Company provides comprehensive market…
The cancer supportive care drugs global market report 2024from The Business Research Company provides comprehensive…
The waste management software market size is expected to see strong growth in the next…
The business process documentation tools global market report 2024 from The Business Research Company provides…