The global Perilla Extract Market is estimated to be valued at US$ 1.15 billion in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Perilla extract is derived from the leaves of the Perilla frutescens plant, which is native to Asia. The extract is widely used in the food and pharmaceutical industry for its various health benefits. It is rich in antioxidants and has anti-inflammatory properties, making it a popular ingredient in functional foods and dietary supplements. Perilla extract is also used as a natural food colorant and flavoring agent. Its use in traditional medicine for the treatment of various ailments has further contributed to its growing demand in the market.

Market Dynamics:
The Perilla Extract Market is driven by two key factors. Firstly, the rising awareness about the health benefits of Perilla extract has led to increased consumption in the food and pharmaceutical industry. The extract is known to possess anti-allergic, anti-inflammatory, and anti-carcinogenic properties, which have made it a sought-after ingredient in functional foods and dietary supplements. Additionally, its use in traditional medicine for the treatment of respiratory disorders, digestive problems, and skin conditions has further bolstered its demand.

Moreover, the growing demand for natural food additives and colorants has also contributed to the market growth. Perilla extract is a natural alternative to synthetic additives and colorants, making it highly desirable in the food industry.

For instance, several studies have shown that Perilla extract can help reduce the risk of asthma, allergies, and inflammation-related diseases. This has led to the increased incorporation of Perilla extract in various food and pharmaceutical products.

SWOT Analysis:
Strength:
1. Rich source of antioxidants
2. Wide range of health benefits

Weakness:
1. Limited availability of raw materials
2. Challenges in extraction process

Opportunity:
1. Growing demand for natural food additives
2. Expanding application in the pharmaceutical industry

Threats:
1. Competition from synthetic additives and colorants
2. Stringent regulations on herbal supplements

Key Takeaways:
In terms of market size, the global Perilla Extract Market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period. This growth is primarily attributed to the increasing demand for Perilla extract in the food and pharmaceutical industry. The extract's rich antioxidant content and various health benefits make it a preferred ingredient in functional foods and dietary supplements.

Regionally, Asia Pacific is expected to be the fastest-growing and dominating region in the Perilla Extract Market. The region has a long history of using Perilla extract in traditional medicine and food preparations. Moreover, the region's growing population, rising disposable incomes, and changing dietary patterns are driving the demand for functional foods and dietary supplements, further fueling the market growth.

Key players operating in the global Perilla Extract Market include Shaanxi Undersun Biomedtech Co., Ltd., Tocris Bioscience (Bio-Techne Corporation), BioOrigin, Nature's Sunshine Products, Inc., Organic Herb Inc., Damin Foodstuff (Zhangzhou) Co., Ltd., Nutra Green Biotechnology Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., Guangxi Yiyuan Biotechnology Co., Ltd., Changsha Heking Bio-Tech Co., Ltd., Hangzhou Botanical Technology Co., Ltd., Novoherb Technologies, Jiangsu Changhai Food Additive Co., Ltd., Xian Sost Biological Science & Technology Co., Ltd., and Xi'an Plant Bio-Engineering Co., Ltd.

In conclusion, the global Perilla Extract Market is poised for significant growth in the coming years. The increasing demand for natural food additives and the numerous health benefits associated with Perilla extract are the driving forces behind this growth. With Asia Pacific leading the market, key players in the industry have ample opportunities to capitalize on this expanding market.