Largest segment driving the growth of Perilla Extract Market
The global Perilla Extract Market is estimated to be valued at US$ 1.15 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis:
· Strength: Perilla extract contains active phenolic compounds that offer various health benefits. This adds value-addition to foods and supplements.
· Weakness: Availability issues and price volatility of perilla leaves can hamper smooth supply.
· Opportunity: Untapped markets in developing nations present lucrative opportunities for market expansion. Growing awareness about benefits of herbal ingredients also supports growth.
· Threats: Stiff competition from other plant extracts and easy availability of synthetic alternatives can impede market capture.
Key Takeaways:
The Global Perilla Extract Market Demand is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing health consciousness among consumers. North America is likely to emerge as the dominant regional market owing to extensive applications in food and pharmaceuticals industries in the USA and Canada. Asia Pacific is anticipated to showcase the fastest growth on account of existence of major producers like China, India and Japan which are leading cultivators of perilla crop. Key players operating in the perilla extract market are 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., Xi'an Plant Bio-Engineering Co., Ltd.
Read More - https://www.zupyak.com/p/3915780/t/growth-of-perilla-extract-market
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