Report Ocean recently published an extensive intelligence report titled “Plant Extracts Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2031.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
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The global plant extracts market size was US$ 30.9 billion in 2021. The global plant extracts market is forecast to grow to US$ 69.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Plants extracts are widely recognized for their healing capacity. Thus, they are widely used in medical applications. Further, various exotic plants find applications in aromatic treatments.
Factors Influencing the Market
Rising demand for aroma therapies and the increasing prevalence of diseases will fuel the growth of the global plant extracts market. Further, rising awareness about the negative impacts of artificial chemicals will fuel the demand for natural treatments in the coming years. As a result, it will boost the growth of the global plant extracts market during the forecast period.
Plant extracts are widely used as natural flavouring agents, sweeteners, and preservatives in the goods & beverage industry. This sector is gaining wide traction due to changing consumer habits. As a result, it will fuel the growth of the global plant extracts market during the study period.
Growing R&D activities to prompt the use of natural products, combined with the Food and Drug Administration (FDA) bans on the use of synthetic colouring, will benefit the global plant extracts market during the study period.
Plant extracts also find a wide range of applications in the healthcare sector due to their outstanding therapeutic capabilities. However, the high cost associated with plant extracts may limit the growth of the overall market.
Regional Analysis
Europe is forecast to dominate the plant extracts market due to rising awareness about the benefits of herbal remedies. In addition, the rapidly growing cosmetics and personal care sector in the region will contribute to the growth of the plant extracts market. Further, the rising medical industry in the region will also escalate the growth of the global plant extract market during the study period.
The Asia-Pacific plant extracts market will also register a significant growth rate due to the rising demand for plant-based products in the region. In addition to that, increasing demand for natural plant-based cosmetic products will also contribute to the growth of the market.
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COVID-19 Impact Analysis
The medical industry witnessed substantial growth due to the COVID-19 outbreak. Moreover, demand for natural plant-based remedies increased across various countries, which significantly contributed to the growth of the global plant extract market. Further, according to guidelines introduced by WHO, it was essential to consume immunity-boosting food products. As a result, it has been opportunistic for the plant extract market.
Competitors in the Market
JiaHerb
Schwabe
Provital Group
Naturex
Ipsen
Bioforce
Chenguang Biotech
Euromed
Avoca (Pharahchem)
Sabinsa
Tsumura&Co
Rainbow
Comba Group
BGG
Other Prominent Players
Market Segmentation
The global plant extracts market segmentation focuses on Type, Application, sources, and Region.
By Type
Phytomedicines & herbal extracts
Essential oils
Spices
Flavors & fragrances
By Application
Pharmaceutical & dietary supplements
Food & beverage
Cosmetics
Others
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By Sources
Fruits, flowers, and bulbs
Leaves
Barks & stems
Rhizomes & roots
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Market in This Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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