Plant Extracts Market - Forecast(2021 - 2026)

 

Plant Extract Market Overview

Plant Extract Market size in 2020 is estimated to be $14.162 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Plant extracts is a substance that is extracted from plant and herbs. It has medicinal properties and is also a source of active compounds such as alkaloids, steroids, tannins, glycosides, volatile oils, phenols, and flavonoids. These active compounds are found in various part of the plants such as leaves, flowers, bark, seeds, fruits, and roots. Plant extracts are used in various industries such as food and beverage, cosmetic, pharmaceutical and others. Increasing demand of plant extracts in food and beverage as well as in cosmetics industries are the major factors driving the growth of the market. Moreover, growing consumption of convenience food coupled with increasing health consciousness among the people further enhance the overall market demand for Plant Extract during the forecast period 2021-2026.


Report Coverage

The report: “Plant Extract Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plant Extract Market:
By Type: Phytochemicals, Essential Oil, Spices, and Others.
By Form: Powder and Liquid.
By Method: Maceration, Infusion, Decoction, Percolation, Soxhlet, Ultrasound-assisted extraction, Supercritical Fluid extraction, Phytonics process, Microwave assisted extraction, and Others.
By End Use Industry: Pharmaceuticals, Cosmeceuticals, and Functional food & Beverages.
By Geography: North America, South America, Europe, and Asia-Pacific.


Key Takeaways

  • In 2020, Asia-Pacific dominates the Plant Extract Market owing increasing urbanization and rising disposable income of the people.
  • Increasing awareness about side effects of synthetic flavors is driving the market growth of Plant Extract. 
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Plant Extract Market report.
  • Side effects of plant extraction medicine and stringent Regulations Associated with quality and safety of the plant extracts are challenging the growth of the market.


Plant Extract Market Segment Analysis - By Type

Based on the Type, Plant Extract Market is segmented into, Phytochemicals, Essential Oil, Spices, Others. The Phytochemicals segment is projected to dominate the market in 2020 owing to rising demand of phytochemical for dietary supplements and other pharmaceutical applications. This segment is also poised to be the fastest-growing segment and is projected to grow at a CAGR of 6.8% during the forecast period 2021-2026. 


Plant Extract Market Segment Analysis - By Form

Based on the Form, Plant Extract Market is segmented into powder, liquid, others. In 2020, powder segment is projected to dominate the market. This is mainly owing to powder being widely used in various industries such as food and beverage, cosmetics, pharmaceutical and others. Moreover, it is easy to use and incorporate in different products further contributing to the growth of this segment.

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Location: United States

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