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Perilla Extract Market Estimated To Witness High Growth Owing To Rising Demand In Food Industry

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Perilla extract is predominantly used in traditional Asian cuisines as a flavoring and coloring agent. It has robust antioxidant and anti-inflammatory properties and is used in various applications in food and beverage, personal care, and pharmaceutical industries. Perilla extract helps enhance food textures, add colors, enrich flavors, and extends shelf life of food products. The extract is commonly used in confectionaries, dressings, culinary sauces, soups, and snacks and has the ability to impart umami and savory flavors to food.

The global perilla extract market is estimated to be valued at US$ 1.33 Bn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The rising demand for food additives and convenience foods is one of the major drivers propelling the growth of global perilla extract market. Perilla extract acts as a natural preservative and helps extend the shelf life of food products without using artificial additives, which is boosting its popularity among food manufacturers. It also helps enhancing umami flavors in noodles, rice meals, and ramen soups. Perilla extract has health benefits and finds wide applications in dietary supplements and functional foods.

SWOT Analysis
Strength: Perilla extract has various health benefits such as antioxidant, anti-inflammatory and antidepressant properties. The extract contains high levels of monounsaturated fatty acids and rosmarinic acid which are beneficial for heart health. It also helps improving symptoms of allergies, asthma and reduces risk of cancer.

Weakness: Perilla extract is obtained from plant called Perilla frutescens which is not largely cultivated. The limited availability of raw material can hamper market growth. Secondly, safety of perilla extract during pregnancy and for children is still being researched which limits its usage.

Opportunity: Increasing health awareness among consumers is driving the demand for herbal extracts with health advantages. Consumers are willing to pay premium prices for natural ingredients. The perilla extract market can leverage this opportunity of growing demand for herbal supplements. Secondly, the Asia Pacific region especially countries like Japan, China and Korea traditionally use perilla in culinary as well as medicinal purposes providing opportunity to increase exports.

Threats: Presence of substitute herbal extracts and essential oils can pose threat to perilla extract market. Secondly, stringent regulations pertaining to usage of herbal extracts in food and dietary supplement industry may restrict market growth.

Key Takeaways

The global Perilla Extract Market Growth is expected to witness high growth.

Regional analysis: Asia Pacific region dominates the global perilla extract market and is expected to maintain its lead over the forecast period. Countries like Japan, China and Korea have been traditionally using perilla both for culinary as well as medical purposes giving the region an edge.

Key players operating in the perilla extract market are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel, Qualcomm. They are focusing on strategic partnerships and new product launches to expand their global footprint.

Check below related articles on this topic: https://www.newsanalyticspro.com/perilla-extract-market-growth/


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