Plants Extract Market Analysis | 2024-2030

“The Plants Extract Market size was US$ 55 billion in 2023 and is likely to grow at a decent CAGR of 6.9% in the long run to reach US$ 98.96 billion in 2030.”

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Market Dynamics

Introduction

Plant extract is a product, obtained from the plant through various available extraction methods with an aim to concentrate as well as isolate different compounds which have interesting characteristics. Vacuum extracts can be captured from various plant sections that include leaves, stems, roots, flowers, seeds, and fruits, based on the type of target constituent.

Market Drivers

Growing demand for natural products: From the production of pharmaceuticals to agriculture, products such as natural, organic, and plant-based have been popular increasingly industries. This rising tendency to go for ingredients that are natural to a certain extent is one of the factors that contribute to the rise in demand for botanical extracts is driving the growth of the market.

Segments Analysis

By Product Type

“Phytomedicine product is expected to remain dominant as well as the fastest-growing product in the market during the forecast period”.

• The market is segmented into phytomedicine, essential oils, and oleoresins
• Phytomedicine is expected to remain dominant as well as the fastest-growing product type in the market during the forecast period.
• For instance, Photomedicine involves the employment of light energy—either with the use of light or photon being the main agent. This discipline covers a wide range of therapies that employ different methods from photodynamic therapy (PDT), low-level laser therapy (LLLT), and photobiomodulation (PBM).
• These therapies are used in treatments such as dermatology, oncology, ophthalmology, and other specialties. The use of plant extracts as sensitizers or absorbers that process light is one of the common strategies applied in photomedicine thus increasing treatment efficiency and lowering the chances of the side effects.

By Application Type

“Personal Care & Cosmetics is expected to remain the dominant and fastest-growing application in the market during the forecast period”.

• The market is segmented into personal care & cosmetics, food & beverage, and pharmaceuticals.
• Personal Care & Cosmetics segment is expected to remain the dominant and fastest-growing application type in the market during the forecast period.
• Personal care products are of paramount importance for being sure of one's hygiene, as well as keeping one's grooming and health.
• For instance, items like shampoos, soaps, toothpaste, deodorants, skin care products, and hair care products; are used every day by millions across the world thereby resulting in a permanent demand.

Regional Analysis

“The Asia-Pacific is expected to remain the largest market for plants extract during the forecast period”.

• In terms of region, the Asia-Pacific is expected to remain the largest market for food-grade gases during the forecast period.
• The Asia-Pacific region is home to a large and rapidly growing population, including countries like China, India, Japan, and South Korea.
• An increase in economies especially in the Pacific part of Asia has been shown to have led to higher disposable incomes.
• As the purchasing power of people upgrades, their expressions in beauty products transform into a vital demand. The market demand is eventually boosted.

Key Players

The market is highly consolidated with the presence of 10 players across the region.  The following are the key players in the Plants Extract Market:

Here is the list of the Top Players (Based on Dominance)

• 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.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Plants Extract Market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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