The plant extracts market has been growing significantly over the past few years owing to increasing demand for natural ingredients in food and beverages, personal care, and pharmaceutical industries. Plant extracts offer various health benefits like antioxidants, anti-inflammatory, and antimicrobial properties. They help improve skin health, boost immunity, reduce chronic diseases risk, and provide other therapeutic effects.

Key players like Symrise AG, Sensient Technologies Corporation, International Flavors and Fragrance Inc., Givaudan, Synergy Flavors, Synthite Industries Private LTD, PT Indesso Aroma, Vidya Herbs Private Ltd., Nutra Green Biotechnology Co. Ltd, Kalsec Inc., Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec Inc., D&ohler GmbH, Vidya Herbs, Indesso, Kangcare Bioindustry Co., Ltd, Martin Bauer GmbH and Co. KG, Native Extracts Pty. Ltd. are engaged in the manufacturing and marketing of plant extracts. The Global Plant Extracts Market is estimated to be valued at US$ 42.54 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the plant extracts market are Symrise AG, Sensient Technologies Corporation, International Flavors and Fragrance Inc., Givaudan, Synergy Flavors, Synthite Industries Private LTD, PT Indesso Aroma, Vidya Herbs Private Ltd., Nutra Green Biotechnology Co. Ltd, Kalsec Inc., Indena S.p.A., Naturex Inc., V. Mane Fils SA, Kalsec Inc., D&ohler GmbH, Vidya Herbs, Indesso, Kangcare Bioindustry Co., Ltd, Martin Bauer GmbH and Co. KG, Native Extracts Pty. Ltd.

Plant Extracts Market Size find wide application in food and beverage, pharmaceuticals, personal care industry due to properties like anti-oxidants, anti-inflammatory etc. There is high demand for plant extracts based products and ingredients from developed markets of Europe and North America.

The key opportunities in the plant extracts market include growing investments for R&D of plant-based drugs, increasing focus of consumers on health consciousness driving demand for natural ingredients, and easy availability of wide range of plant extracts. The market is expanding globally with emergence of new players from Asia Pacific and Latin America. Countries like China, India, Brazil are projected to provide high growth opportunities for plant extracts market.

Market Drivers

The Extracts Market Size And Trends is the rising demand for natural ingredients from food and beverage industry. Consumers are increasingly preferring food products with natural ingredients over synthetic or chemicals. This trend is fuelling the need for plant extracts rich in antioxidants and others nutrients. Another key factor is the growth of nutraceuticals and functional food segment. Plant extracts find wide applications as ingredients in dietary supplements owing to medicinal properties. Increasing health consciousness among population worldwide is propelling the demand.

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