DUBLIN–(BUSINESS WIRE)–The report “Plant Extracts Market by Product Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids), Application (Food & Beverages, Cosmetics, Pharmaceuticals, Dietary Supplements), Form, Source and Region – Forecast to 2027″ has been added to from ResearchAndMarkets.com offer.
The global herbal extracts market size is estimated at USD 34.4 billion in 2022 and is projected to reach USD 61.5 billion by 2027, registering a CAGR of 12.3% in terms of value. Plant extracts are produced from a variety of sources, such as fruits and vegetables, herbs and spices, and flowers.
They are used in many applications for the food, beverage, cosmetic and pharmaceutical industries. Plant extracts are experiencing increased demand due to changing consumer lifestyles and preferences for natural and organic products. Consumers are increasingly aware of the health benefits associated with herbal extracts, which provides manufacturers with a growing opportunity to incorporate these herbal extracts into various applications.
These markets appear to be developing and formulating new products and technologies using plant-based ingredients, resulting in innovation and the implementation of breakthrough products with a range of applications. These ingredients are also used in cosmetics and skin care preparations, and this market is booming due to increased awareness of maintaining healthy skin. Other factors, such as healthy aging and the threat of antimicrobial resistance, also contribute significantly. Likewise, in the food and beverage industry, there is an increasing trend to consume natural ingredients with additional functional properties, which has driven the demand for herbal extracts.
By application, there is an increased use of herbal medicines, driving the growth of the herbal extracts market
Plant extracts have served as an important source of bioactive compounds for various drug discovery programs, and several important drugs have been isolated and identified from plants. Beyond their direct use in traditional medicine, medicinal plants are used on an industrial scale to produce total extracts and tinctures, purified extracts and chemicals. Regulatory approval of some of the better known herbal extracts has potentially been made easier than that of new chemical entities. Some phytochemical companies focus their efforts on single molecules or plant extracts with the aim of simplifying the regulatory process by avoiding complex mixtures and combinations.
By source, increasing use of flower extracts in cosmetics and fragrance industry is driving the growth of herbal extracts market
Flower extracts are used in several applications, ranging from food and beverages to pharmaceuticals and dietary supplements. In food and beverage application, flowers and fruits are generally used to provide flavors and aromas. Flower essential oils, when incorporated into finished products, impart various benefits, such as a pleasant aroma in perfumery, shine or conditioning effects in hair care products, and improved hair elasticity. the skin. The significantly high application potential of flower extracts is also used in perfumes. Extracts of certain other flowers such as hibiscus, chamomile, magnolia, and echinacea are widely used in pharmaceutical and dietary supplement applications due to the various therapeutic effects they offer.
Market dynamics
Drivers
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Demand for essential oils from the cosmetics industry
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Increase in demand for natural ingredients and Clean Label products
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Growing market for nutraceuticals and herbal supplements
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Unwanted Side Effects of Synthetic Flavors
Constraints
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Lack of standardization and varying regulations and quality standards
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Price fluctuations and insufficient supply of raw materials
Opportunities
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Technological intervention in production processes
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Growing trend of veganism among consumers
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Government initiatives to promote natural ingredients
Challenges
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Lack of downstream treatment facilities and resulting microbial contamination
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Adulteration and cost margins for natural additives versus synthetic counterparts
Main topics covered:
1. Introduction
2 Research methodology
3 Executive Summary
4 premium previews
5 Market Overview
6 industry trends
7 Plant Extracts Market, by Type
8 Plant Extracts Market, by Application
9 Plant Extracts Market, By Source
10 Plant Extracts Market, By Form
11 Plant Extracts Market, by Region
12 Competitive Landscape
13 company profiles
14 adjacent and related markets
15 Appendix
Companies cited
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ADM
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Alchemy chemicals
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Natural Arjuna
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blue sky botany
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Carbery Group
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Cargill, Incorporated
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DSM
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Dohler
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Givaudan
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Indesso
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International Flavors and Fragrances Inc.
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Kalsec Inc.
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Kangcare Bioindustry Co.Ltd.
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Kerry Group plc
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Martin Bauer
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Native Extracts Pty Ltd
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Plantat
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Prinova Group LLC
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Sensient Technologies Corporation
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Shaanxi Jiahe Phytochem Co. Ltd (Jiaherb, Inc.)
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Sydler India Pvt. ltd.
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Symrise
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Synthite Industries Ltd.
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Tokiwa Phytochemical Co. Ltd.
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Vidya Herbs
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Vital herbs
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Weaknesses and competitive threats
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