Plant Extracts Market: Forecast till 2028

Plant Extracts Market—Forecast till 2028

Market Overview

The global plant extracts market is estimated to exhibit a notable CAGR of 5.57% to beat a value of USD 53,694.4 million during the review period. Plant extract is the product obtained from extraction and partition measures where plants are utilized as unrefined components. A plant extract is a substance or a functioning fixing with helpful properties; this extract is eliminated from the plant tissues, generally by treating it with a dissolvable, to be utilized for a specific reason. Roots, bulbs, organic products, leaves, barks, and stems are among the significant wellsprings of plant extracts. Additionally, the consumer inclination towards buying chemical-free and organic products is fuelling the global market during the study.

The worldwide plant extracts market has seen a huge development rate throughout the most recent couple of years and is projected to enroll at a 5.57% CAGR during the estimated time frame. The rising interest for dietary enhancements, expanding utilization of plant extracts in close-to-home consideration items, and developing interest for normal food fixings are significantly driving the development of the plant extracts market. The rising interest for regular and natural scents and the developing ubiquity of Ayurveda are likewise factors making an astute market for the market players to develop and grow. Nonetheless, restricted accessibility and fluctuating costs of natural substances are limiting the development of the market.

Segment Overview
The global plant extracts market has been classified into type, source, and application.
In terms of type, the global plant extracts market has been categorized into phytomedicines & herbal extracts, essential oils, spices, flavors & fragrances.
Based on the source segment, the global plant extracts market is classified into fruits, flowers, & bulbs, leaves, rhizomes & roots, and barks &stems.
By application segment, the global plant extracts market has been divided into pharmaceuticals & dietary supplements, food & beverages, personal care, and others.
Regional Analysis
The region-specific analysis of the global plant extracts market has been classified into North America, Europe, Asia-Pacific, South America, Middle East & Africa.
North America represented the biggest portion of the overall industry of 32.02% in 2020. The expanding interest for regular fixings in a few food and drinks is expected to additionally pushes the development of the plant extricates market in North America. Product development in the food and refreshment industry is another main consideration prompting market development. Shoppers are exceptionally disposed toward skincare items with normal fixings, which prompts an expansion in the use of plant separates in brilliance and hostile to cellulite items.
Europe was the second-biggest market in 2020 and is projected to display a CAGR of 5.59% during the survey time frame. The market in Asia-Pacific is anticipated to exhibit the most elevated CAGR during the review period.

Major Players
Some of the key players in the global plant extracts market are Givaudan SA (Switzerland), International Flavors & Fragrances Inc (US), Symrise (Germany), Sensient Technologies Corporation (US), Synthite Industries Ltd (India), Synergy Flavors Inc. (US), Dohler Group (Germany), Indesso (Indonesia), Vidya Herbs (India), and Nutra Green Biotechnology Co., Ltd. (China).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL PLANT EXTRACTS MARKET, BY TYPE 16

1.1.2 GLOBAL PLANT EXTRACTS MARKET, SOURCE 17

1.1.3 GLOBAL PLANT EXTRACTS MARKET, APPLICATION 18

1.1.4 GLOBAL PLANT EXTRACTS MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 20

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 RISING DEMAND FOR DIETARY SUPPLEMENTS 29

4.2.2 INCREASING USE IN PERSONAL CARE PRODUCTS 29

4.2.3 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS 29

4.2.4 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINT 30

4.3.1 LIMITED AVAILABILITY AND FLUCTUATING PRICES OF RAW MATERIALS 30

4.3.2 RESTRAINTS IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 RISING DEMAND FOR NATURAL AND ORGANIC FRAGRANCES 31

4.4.2 GROWING POPULARITY OF AYURVEDA 31

5 MARKET FACTOR ANALYSIS 32

5.1 VALUE CHAIN ANALYSIS 32

5.1.1 RAW MATERIAL PROCUREMENT 33

5.1.2 PROCESSING 34

5.1.3 PACKAGING 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER’S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 THREAT OF SUBSTITUTES 37

5.3.4 BARGAINING POWER OF BUYERS 37

5.3.5 INTENSITY OF RIVALRY 37

6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL PLANT EXTRACTS MARKET 38

6.1.1 OVERVIEW 38

6.1.2 IMPACT ON PRODUCTION & RAW MATERIAL AVAILABILITY 38

6.1.3 IMPACT ON SUPPLY CHAIN 38

6.1.4 IMPACT ON APPLICATION AREAS 38

7 GLOBAL PLANT EXTRACTS MARKET, BY TYPE 39

7.1 OVERVIEW 39

7.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 40

7.2 PHYTOMEDICINES & HERBAL EXTRACTS 40

7.2.1 PHYTOMEDICINES & HERBAL EXTRACTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40

7.3 ESSENTIAL OILS 41

7.3.1 ESSENTIAL OILS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41

7.4 SPICES 41

7.4.1 SPICES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

7.5 FLAVORS & FRAGRANCES 42

7.5.1 FLAVORS & FRAGRANCES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

8 GLOBAL PLANT EXTRACTS MARKET, SOURCE 43

8.1 OVERVIEW 43

8.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 44

8.2 FRUITS, FLOWERS & BULBS 44

8.2.1 FRUITS, FLOWERS, & BULBS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44

8.3 LEAVES 45

8.3.1 LEAVES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45

8.4 RHIZOMES & ROOTS 46

8.4.1 RHIZOMES & ROOTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

8.5 BARKS & STEMS 47

8.5.1 BARKS & STEMS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

9 GLOBAL PLANT EXTRACTS MARKET, BY APPLICATION 48

9.1 OVERVIEW 48

9.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 49

9.2 PHARMACEUTICALS & DIETARY SUPPLEMENTS 49

9.2.1 PHARMACEUTICALS & DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.3 FOOD & BEVERAGES 50

9.3.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.4 PERSONAL CARE 51

9.4.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

9.5 OTHERS 52

9.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

10 GLOBAL PLANT EXTRACTS MARKET, BY REGION 53

10.1 OVERVIEW 53

10.2 NORTH AMERICA 55

10.2.1 US 57

10.2.2 CANADA 58

10.2.3 MEXICO 59

10.3 EUROPE 61

10.3.1 UK 63

10.3.2 GERMANY 64

10.3.3 FRANCE 66

10.3.4 ITALY 67

10.3.5 SPAIN 68

10.3.6 RUSSIA 69

10.3.7 REST OF EUROPE 70

10.4 ASIA-PACIFIC 72

10.4.1 CHINA 74

10.4.2 INDIA 75

10.4.3 JAPAN 76

10.4.4 AUSTRALIA & NEW ZEALAND 78

10.4.5 REST OF ASIA-PACIFIC 79

10.5 SOUTH AMERICA 81

10.5.1 BRAZIL 83

10.5.2 ARGENTINA 84

10.5.3 REST OF SOUTH AMERICA 85

10.6 MIDDLE EAST & AFRICA 87

10.6.1 GCC COUNTRIES 89

10.6.2 SOUTH AFRICA 90

10.6.3 REST OF THE MIDDLE EAST & AFRICA 91

11 COMPETITIVE LANDSCAPE 93

11.1 INTRODUCTION 93

11.1.1 MARKET STRATEGY ANALYSIS 93

11.2 COMPETITIVE BENCHMARKING 94

11.3 KEY DEVELOPMENTS 95

11.3.1 EXPANSION 95

11.3.2 PRODUCT LAUNCH 95

11.3.3 ACQUISITION 96

11.3.4 AGREEMENT 96

11.3.5 PARTNERSHIP 97

12 COMPANY PROFILES 98

12.1 GIVAUDAN SA 98

12.1.1 COMPANY OVERVIEW 98

12.1.2 FINANCIAL OVERVIEW 99

12.1.3 PRODUCTS OFFERED 100

12.1.4 KEY DEVELOPMENTS 100

12.1.5 SWOT ANALYSIS 101

12.1.6 KEY STRATEGIES 101

12.2 INTERNATIONAL FLAVORS & FRAGRANCES, INC. 102

12.2.1 COMPANY OVERVIEW 102

12.2.2 FINANCIAL OVERVIEW 102

12.2.3 PRODUCTS OFFERED 103

12.2.4 KEY DEVELOPMENTS 104

12.2.5 SWOT ANALYSIS 104

12.2.6 KEY STRATEGIES 105

12.3 SYMRISE 106

12.3.1 COMPANY OVERVIEW 106

12.3.2 FINANCIAL OVERVIEW 106

12.3.3 PRODUCTS OFFERED 107

12.3.4 KEY DEVELOPMENTS 107

12.3.5 SWOT ANALYSIS 108

12.3.6 KEY STRATEGIES 108

12.4 SENSIENT TECHNOLOGIES CORPORATION 109

12.4.1 COMPANY OVERVIEW 109

12.4.2 FINANCIAL OVERVIEW 109

12.4.3 PRODUCTS OFFERED 110

12.4.4 KEY DEVELOPMENTS 111

12.4.5 SWOT ANALYSIS 112

12.4.6 KEY STRATEGIES 112

12.5 SYNERGY FLAVORS, INC. 113

12.5.1 COMPANY OVERVIEW 113

12.5.2 FINANCIAL OVERVIEW 113

12.5.3 PRODUCTS OFFERED 113

12.5.4 KEY DEVELOPMENTS 113

12.5.5 SWOT ANALYSIS 114

12.5.6 KEY STRATEGIES 114

12.6 SYNTHITE INDUSTRIES LTD 115

12.6.1 COMPANY OVERVIEW 115

12.6.2 FINANCIAL OVERVIEW 115

12.6.3 PRODUCTS OFFERED 115

12.6.4 KEY DEVELOPMENTS 118

12.6.5 KEY STRATEGIES 118

12.7 DOHLER GROUP 119

12.7.1 COMPANY OVERVIEW 119

12.7.2 FINANCIAL OVERVIEW 119

12.7.3 PRODUCTS OFFERED 120

12.7.4 KEY DEVELOPMENTS 120

12.7.5 KEY STRATEGIES 120

12.8 INDESSO 121

12.8.1 COMPANY OVERVIEW 121

12.8.2 FINANCIAL OVERVIEW 121

12.8.3 PRODUCTS OFFERED 121

12.8.4 KEY DEVELOPMENTS 122

12.8.5 KEY STRATEGIES 122

12.9 VIDYA HERBS 123

12.9.1 COMPANY OVERVIEW 123

12.9.2 FINANCIAL OVERVIEW 123

12.9.3 PRODUCTS OFFERED 123

12.9.4 KEY DEVELOPMENTS 125

12.9.5 KEY STRATEGIES 125

12.10 NUTRA GREEN BIOTECHNOLOGY CO., LTD. 126

12.10.1 COMPANY OVERVIEW 126

12.10.2 FINANCIAL OVERVIEW 126

12.10.3 PRODUCTS OFFERED 126

12.10.4 KEY DEVELOPMENTS 127

12.10.5 KEY STRATEGIES 127

13 REFERENCES 128

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