Plant Extracts Market Size, Growth Insight, Trends and Forecasts to 2030

The plant extracts market size is expected to reach around US$ 22.49 billion by 2030, growing at a CAGR of 9.2% every year, according to a 2022 study by Precedence Research, the Canada-based market Insight Company.

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The plant extracts market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Plant extracts have huge demand from healthcare industry and hence are mainly used in this industry. These substances have extraordinary therapeutic properties. As a result, they’re widely used in a variety of treatments. The worldwide plants extract market is expected to increase at an exponential rate through time as a result of these applications. Furthermore, several exotic plants are employed in aromatherapy therapies like sauna and massage. These applications are also a primary driver of the global plant extract market’s current expansion.

Unlike most chemical-based substances used in personal care and cosmetics, medications, and food and beverage items, natural extracts have no negative side effects. Furthermore, environmental and natural ingredient sourcing has become a primary priority for businesses, particularly in North America and Europe. Natural extracts are expected to stimulate product demand in pharmaceutical and nutraceutical applications due to their numerous overall health advantages. These factors are anticipated to have a substantial impact on product demand in the near future.

Herbal medications are mainly sold as dietary supplements or nutraceuticals with health claims in regions such as North America, which are pre-approved by the Food and Drug Administration (FDA) under the Dietary Supplements Health and Education Act. In comparison to traditional pharmaceuticals, these items are subject to less strict FDA regulations.

The European countries are a prominent manufacturers and consumers of pharmaceutical products. Europe region will emerge as a key market for nutraceuticals, drugs, and alternative drugs. The European market is forecasted to grow with significant CAGR over the coming years thanks to the growing older population that has driven the demand for pharmaceuticals and nutraceuticals in the region.

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Plant Extracts Market Scope

Plant Extracts Market Report Highlights

• The food and beverage held the largest market share in application segment with more than 45% revenue coming from food & beverages industry. The rising demand for safe, natural, and minimally processed food products from all over the world has emerged as the major factor boosting the expansion of plant extracted ingredients in the food industry.
• Dried crops category held the largest market share in 2020 in product type segment. The rising requirement for dried crops in the sectors of end-use such as food & beverage is likely to foster the demand for dried crops.

Read Also: Prefilled Syringes Market to Grow Nearly 10.2% through 2030

Plant Extracts Market Dynamics

Driver

Growing Demand for Natural Flavors from Food & Beverages, and Cosmetic Industry Boosting Market Growth

Even though synthetic antioxidants in addition to flavors have already been traditionally used, safety problems have been brought up over time. Moreover, over the past few years consumer awareness regarding side effects associated with synthetic ingredients is usually increasing. Long-term consumption of synthetic anti-oxidants might result in well-being issues, such since skin allergies, stomach tract problems in addition to in some instances increased the particular risk of tumor.

To go together with the consumer move towards natural elements, manufacturers are likewise using more normal extracts within their items. Use of normal antioxidants allows makers to fulfill the particular requirements of customers for cleaner-label items with exclusive normal ingredients.

Some herb extracts used since antioxidants are typically exacted from grape seeds, green teas, pine bark, rosemary, pomegranates. These items have got similar or much better properties when compared with natural antioxidants. Sage in addition to rosemary essential skin oils exhibited similar antioxidant properties to BHT in refrigerated porcine liver pâté. This kind of trend is boosting the interest involving researchers for fresh innovating flavors from natural extracts without affecting the consumers’ perceptions along with the good quality of the ultimate products.

Restraint

Strict regulations and Various quality standards for Various Countries Restraints Market Growth

Although demand for plant extracts is increasing all over the world, there are also strict guidelines for use of these products. Some plant extracts that are being used in traditional drugs in several portions of the world are seen to contain toxic chemicals that may direct to severe side effects or even demise. Throughout order to give protection to the use of these potentially dangerous herbs, attention and safety management methods are required, for example they must move through proper finalizing procedures for the purpose of normalizing the toxicity or reducing the side effects prior to use.

They must use under stringent methods of control and supervision by experienced and/or trained staff members. When poisoning and accidents related to the use of these dangerous herbal remedies occur, proper medical treatment should receive immediately. Member Areas should promote and be sure the safe use of potentially toxic herbal remedies and their formulations. Member States ought to establish national insurance policies to achieve effective control of natural and organic safe practices and fortify threat assessment and management. Such complex rules and regulations might hinder market growth over the forecast period.

Opportunity

Opportunities in Invention and Innovation of New Herbs and Spices

As the consumer demand for natural products from all the industry verticals is growing, opportunities lies in inventing new ingredients from new plant species. Market players can launch new products with new natural ingredients which will give better results than synthetic ingredients. Investing in R&D facilities will give market players opportunity to bring new products in the market and increase consumer reach through it.

Challenges

Absence of Advanced Biotechnologies Procedures to Challenge Market Growth

The lack of advanced biotechnologies for efficient extraction in low-income areas, supply chain inefficiencies, and price sensitivity are all issues for the natural extracts sector. Furthermore, in many countries, such as India and China, awareness of organic farming and production without the use of toxic agrochemicals is minimal. This aspect limits growers’ and farmers’ options for obtaining products that meet particular criteria, such as organic-certified items in many European countries.

Some of the prominent players in the global plant extracts market include:

• Givaudan
• Sensient Technologies
• Symrise AG
• KangcareBioindustry Co, Ltd.
• PT. Indesso Aroma
• Vidya Herbs Private Limited
• Shaanxi JiahePhytochem Co. Ltd.
• Synthite Industries Private Ltd.
• Döhler
• International Flavors & Fragrances Inc.

Plant Extracts Market Segmentations

By Product

• Essential Oils
• Oleoresins
• Herbal Extracts
• Natural Colors
• Dried Crops
• Spices
• Flavors & Fragrances

By Application

• Personal Care & Cosmetics
• Food & Beverage
• Animal Feed
• Pharmaceuticals
• Nutraceuticals
• Others

By Sources

• Fruits, flowers and bulbs
• Leaves
• Barks & stems
• Rhizomes & roots
• Others

By Form

• Powder
• Liquid

By Method

• Maceration
• Infusion
• Decoction
• Percolation
• Soxhlet
• Ultrasound-Assisted Extraction
• Supercritical Fluid Extraction
• Phytonics Process
• Microwave Assisted Extraction
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Plant Extracts Market 

5.1. COVID-19 Landscape: Plant Extracts Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Plant Extracts Market, By Product

8.1. Plant Extracts Market, by Product Type, 2022-2030

8.1.1. Essential Oils

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Oleoresins

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Herbal Extracts

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Natural Colors

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Dried Crops

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Spices

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Flavors & Fragrances

8.1.7.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Plant Extracts Market, By Application

9.1. Plant Extracts Market, by Application, 2022-2030

9.1.1. Personal Care & Cosmetics

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Food & Beverage

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Animal Feed

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Pharmaceuticals

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Nutraceuticals

9.1.5.1. Market Revenue and Forecast (2017-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Plant Extracts Market, By Sources

10.1. Plant Extracts Market, by Sources Type, 2022-2030

10.1.1. Fruits, flowers and bulbs

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Leaves

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Barks & stems

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Rhizomes & roots

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Plant Extracts Market, By Form

11.1. Plant Extracts Market, by Form Type, 2022-2030

11.1.1. Powder

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Liquid

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Plant Extracts Market, By Method

12.1. Plant Extracts Market, by Method, 2022-2030

12.1.1. Maceration

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Infusion

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Decoction

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Percolation

12.1.4.1. Market Revenue and Forecast (2017-2030)

12.1.5. Soxhlet

12.1.5.1. Market Revenue and Forecast (2017-2030)

12.1.6. Ultrasound-Assisted Extraction

12.1.6.1. Market Revenue and Forecast (2017-2030)

12.1.7. Supercritical Fluid Extraction

12.1.7.1. Market Revenue and Forecast (2017-2030)

12.1.8. Phytonics Process

12.1.8.1. Market Revenue and Forecast (2017-2030)

12.1.9. Microwave Assisted Extraction

12.1.9.1. Market Revenue and Forecast (2017-2030)

12.1.10. Others

12.1.10.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Plant Extracts  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.3. Market Revenue and Forecast, by Sources (2017-2030)

13.1.4. Market Revenue and Forecast, by Form (2017-2030)

13.1.5. Market Revenue and Forecast, by Method (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Sources (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Form (2017-2030)

13.1.7. Market Revenue and Forecast, by Method (2017-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Sources (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Form (2017-2030)

13.1.8.5. Market Revenue and Forecast, by Method (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.3. Market Revenue and Forecast, by Sources (2017-2030)

13.2.4. Market Revenue and Forecast, by Form (2017-2030)

13.2.5. Market Revenue and Forecast, by Method (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Sources (2017-2030)

13.2.7. Market Revenue and Forecast, by Form (2017-2030)

13.2.8. Market Revenue and Forecast, by Method (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Sources (2017-2030)

13.2.10. Market Revenue and Forecast, by Form (2017-2030)

13.2.11. Market Revenue and Forecast, by Method (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Sources (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Form (2017-2030)

13.2.13. Market Revenue and Forecast, by Method (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Sources (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Form (2017-2030)

13.2.15. Market Revenue and Forecast, by Method (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.3. Market Revenue and Forecast, by Sources (2017-2030)

13.3.4. Market Revenue and Forecast, by Form (2017-2030)

13.3.5. Market Revenue and Forecast, by Method (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Sources (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Form (2017-2030)

13.3.7. Market Revenue and Forecast, by Method (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Sources (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Form (2017-2030)

13.3.9. Market Revenue and Forecast, by Method (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Sources (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Form (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Method (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Sources (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Form (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Method (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.3. Market Revenue and Forecast, by Sources (2017-2030)

13.4.4. Market Revenue and Forecast, by Form (2017-2030)

13.4.5. Market Revenue and Forecast, by Method (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Sources (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Form (2017-2030)

13.4.7. Market Revenue and Forecast, by Method (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Sources (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Form (2017-2030)

13.4.9. Market Revenue and Forecast, by Method (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Sources (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Form (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Method (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Sources (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Form (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Method (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.3. Market Revenue and Forecast, by Sources (2017-2030)

13.5.4. Market Revenue and Forecast, by Form (2017-2030)

13.5.5. Market Revenue and Forecast, by Method (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Sources (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Form (2017-2030)

13.5.7. Market Revenue and Forecast, by Method (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Sources (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Form (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Method (2017-2030)

Chapter 14. Company Profiles

14.1. Givaudan

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Sensient Technologies

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Symrise AG

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. KangcareBioindustry Co, Ltd.

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. PT. Indesso Aroma

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Vidya Herbs Private Limited

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Shaanxi JiahePhytochem Co. Ltd.

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Synthite Industries Private Ltd.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Döhler

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. International Flavors & Fragrances Inc.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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