Plant Extracts Market

Global Plant Extracts Market Size, Share &Trends Analysis Report by Type (Phytomedicines & Herbal Extracts, Essential Oils, Flavors and Fragrances, Others), by Source (Leaves, Fruits, Flowers and Bulbs, Rhizomes and Roots, Barks and Stems, and Others), by Form (Powder, and Liquid), and By Application (Pharmaceutical & Dietary Supplements, Food & beverages, cosmetics) Forecast Period (2022-2028)
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2024163 | Category : Food & Beverage | Delivery Format: /

The global plant extracts market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. The rising trends for vegan food products are driving the growth of the plant extracts market across the globe during the forecast period. Many key market players introduce plant-based products due to which the consumption of plant extracts increases. For instance, in February 2022, VegaBytz operated by Chennai-based Functional Foods Pvt. Ltd, will be launching its brand and products in India. The company is developing world-class and award-winning plant-based 100% vegan meat products, which are currently being sold in the UK market.

Impact of COVID-19 Pandemic on Global Plant Extracts Market

During COVID-19 the global plant extracts market witnessed growth due to increasing health concerns among the people because of the COVID-19 virus. People started taking extra care of their health and fitness due to which the people shifted towards plant-based food items which the global plant extracts market witnessed growth during the forecast period.

Segmental Outlook 

The global plant extracts market is segmented based on type, source, form, and application. Based on the type, the market is segmented into phytomedicines & herbal extracts, essential oils, flavors and fragrances, and others. Based on the source, the market is segmented into leaves, fruits, flowers and bulbs, rhizomes and roots, barks and stems, and others. Based on the form, the market is sub-segmented into powder, and liquid. Based on the application, the market is sub-segmented into pharmaceutical & dietary supplements, food & beverages, and cosmetics. Among the application segment, the food & beverages sub-segment is expected to hold a prominent share in the global plant extracts market during the forecast period followed by the pharmaceutical & dietary supplement industry. The consumption of plant extracts has increased in the pharmaceutical industry across the globe due to the natural benefits and antioxidant properties. 

Global Plant Extracts Market Share by Application, 2021 (%)

Global Plant Extracts Market Share by Application

The Food And Beverages Industry is Expected to Hold a Prominent Share in the Global Plant Extracts Market

The food and beverages industry is expected to hold a prominent share in the plant extract market across the globe during the forecast period. The increasing consumption and demand for organic products are driving the global plant extract market. Due to the increasing consumption of plant-based products many manufacturers of the food & beverages industry started using plant extracts in the production of their food products. Many foods and beverage ingredient companies are expanding their businesses which are also contributing to the growth of the plant extracts market across the globe. For instance, in 2021, Manipal Group launched a new nutraceutical and herbal extracts manufacturing facility in the Dabaspet Industrial Area, located in the Bangalore Rural District of Karnataka, India. The facility manufactures standardized herbal extracts, phytochemicals, organic herbal extracts, and nutraceutical ingredients for leading dietary/food supplement manufacturers around the world.

Regional Outlooks

The global plant extracts market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is expected to hold a prominent share in the global plant extracts market during the forecast period followed by the fastest-growing region North America. 

Global Plant Extracts Market Growth, by Region 2022-2028

Global Plant Extracts Market Growth, by Region

The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Plant Extracts Market

The Asia-Pacific region is expected to hold a prominent share in the global plant extract market during the forecast period. The presence of key market players in this region is driving the growth of the global plant extract market. Moreover, the availability of medicinal plants is high in India and China due to which the production of plant extract For instance, in February 2022, Delhi based pharmaceutical company Arbro Pharmaceuticals launched its cosmetic and nutraceutical line, Ningen.shop, offering a range of products containing flower, fruit, and plant extracts. From bathing bars and lotions to oils, shampoos, serums, and more, the products are cost-efficient and are customized to cater to the Indian market.

Market Players Outlook

The major companies serving the global plant extracts market include Döhler GmbH, International Flavors & Fragrances Inc, Kangcare Bioindustry Co., ltd., Nutra Green Biotechnology Co., Ltd., Synthite Industries Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Forever LivingProducts International LLC was recognized for its beauty product line, earning gold, silver, and bronze awards from the Global Green Beauty Awards and Green Parent's Natural Beauty Awards for their quality and ethics, eco-friendly production. Forever Living was recognized for three products, winning gold awards in the Best Natural Soap category for its Aloe Liquid Soap and in the Best Natural Conditioner category for its Aloe-Jojoba Conditioner. It also brought home silver for its Aloe Bio-Cellulose Mask in the Best Natural Face Mask Category.

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global plant extract market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

1. Report Summary

Current Industry Analysis and Growth Potential Outlook

Impact of COVID-19 on the Global Plant Extracts Market

Recovery Scenario of Global Plant Extracts Market

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis

3.1.1. Döhler GmbH

3.1.1.1. Overview

3.1.1.2. Financial Analysis 

3.1.1.3. SWOT Analysis

3.1.1.4. Recent Developments

3.1.2. International Flavors & Fragrances Inc

3.1.2.1. Overview

3.1.2.2. Financial Analysis 

3.1.2.3. SWOT Analysis

3.1.2.4. Recent Developments

3.1.3. Kangcare Bioindustry Co., ltd.

3.1.3.1. Overview

3.1.3.2. Financial Analysis 

3.1.3.3. SWOT Analysis

3.1.3.4. Recent Developments

3.1.4. Nutra Green Biotechnology Co., Ltd. 

3.1.4.1. Overview

3.1.4.2. Financial Analysis 

3.1.4.3. SWOT Analysis

3.1.4.4. Recent Developments

3.1.5. Synthite Industries Ltd.

3.1.5.1. Overview

3.1.5.2. Financial Analysis 

3.1.5.3. SWOT Analysis

3.1.5.4. Recent Developments

3.2. Key Strategy Analysis

3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Plant Extracts Market by Type  

4.1.1. Phytomedicines & Herbal Extracts

4.1.2. Essential Oils

4.1.3. Flavors and Fragrances

4.1.4. Others

4.2. Global Plant Extracts Market by Source 

4.2.1. Leaves

4.2.2. Fruits

4.2.3. Flowers and Bulbs

4.2.4. Rhizomes and Roots

4.2.5. Others (Barks and Stems)

4.3. Global Plant Extracts Market by Application

4.3.1. Pharmaceutical & Dietary Supplements

4.3.2. Food & beverages

4.3.3. Cosmetics

4.4. Global Plant Extracts Market by Form

4.4.1. Powder

4.4.2. Liquid

5. Regional Analysis

5.1. North America

5.1.1. US

5.1.2. Canada

5.2. Europe

5.2.1. UK

5.2.2. Germany

5.2.3. Italy

5.2.4. Spain

5.2.5. France

5.2.6. Rest of Europe 

5.3. Asia-Pacific

5.3.1. China

5.3.2. India

5.3.3. Japan

5.3.4. South Korea

5.3.5. Rest of Asia-Pacific 

5.4. Rest of the World

6. Company Profiles 

6.1. Arjuna Natural

6.2. Blue Sky Botanics Ltd.

6.3. Givaudan International SA

6.4. Indesso

6.5. .Kalsec, Inc.

6.6. MB-Holding GmbH & Co. KG

6.7. NATIVE EXTRACTS Pty Ltd

6.8. OBG Pharmaceuticals Ltd.

6.9. Prinova US LLC

6.10. Sensient Technologies Corp.

6.11. Shaanxi Jiahe Phytochem Co., Ltd

6.12. Snergy Flavors 

6.13. Symrise AG

6.14. TOKIWA Phytochemical Co., Ltd.

6.15. VIDYA HERBS PVT. LTD.

1. GLOBAL PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY TYPE , 2021-2028 ($ MILLION)

2. GLOBAL PHYTOMEDICINES & HERBAL EXTRACTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

3. GLOBAL ESSENTIAL OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

4. GLOBAL FLAVORS AND FRAGRANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

5. GLOBAL OTHERS PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

6. GLOBAL PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY SOURCE , 2021-2028 ($ MILLION)

7. GLOBAL PLANT EXTRACTS FROM LEAVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

8. GLOBAL PLANT EXTRACTS FROM FRUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

9. GLOBAL PLANT EXTRACTS FROM FLOWERS AND BULBS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

10. GLOBAL PLANT EXTRACTS FROM RHIZOMES AND ROOTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

11. GLOBAL PLANT EXTRACTS FROM BARKS AND STEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

12. GLOBAL PLANT EXTRACTS FROM OTHER SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

13. GLOBAL PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

14. GLOBAL PLANT EXTRACTS FOR PHARMACEUTICAL & DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

15. GLOBAL PLANT EXTRACTS FOR FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

16. GLOBAL PLANT EXTRACTS FOR COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

17. GLOBAL PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)

18. GLOBAL POWDER PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

19. GLOBAL LIQUID PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

20. GLOBAL PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)

21. NORTH AMERICAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

22. NORTH AMERICAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)

23. NORTH AMERICAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY SOURCE , 2021-2028 ($ MILLION)

24. NORTH AMERICAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

25. NORTH AMERICAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)

26. EUROPEAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

27. EUROPEAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)

28. EUROPEAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)

29. EUROPEAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

30. EUROPEAN PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)

31. ASIA-PACIFIC PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

32. ASIA-PACIFIC PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)

33. ASIA-PACIFIC PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)

34. ASIA-PACIFIC PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

35. ASIA-PACIFIC PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)

36. REST OF THE WORLD PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

37. REST OF THE WORLD PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)

38. REST OF THE WORLD PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)

39. REST OF THE WORLD PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

40. REST OF THE WORLD PLANT EXTRACTS MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)

1. IMPACT OF COVID-19 ON GLOBAL PLANT EXTRACTS MARKET, 2021-2028 ($ MILLION)

2. IMPACT OF COVID-19 ON GLOBAL PLANT EXTRACTS MARKET BY SEGMENT, 2021-2028 ($ MILLION)

3. RECOVERY OF GLOBAL PLANT EXTRACTS MARKET, 2022-2028 (%)

4. GLOBAL PLANT EXTRACTS MARKET SHARE BY TYPE, 2021 VS 2028 (%)

5. GLOBAL PHYTOMEDICINES & HERBAL EXTRACTS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

6. GLOBAL ESSENTIAL OILS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

7. GLOBAL FLAVORS AND FRAGRANCES MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

8. GLOBAL OTHER PLANT EXTRACTS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

9. GLOBAL PLANT EXTRACTS MARKET SHARE BY SOURCE, 2021 VS 2028 (%)

10. GLOBAL PLANT EXTRACTS FROM LEAVES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

11. GLOBAL PLANT EXTRACTS FROM FRUITS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

12. GLOBAL PLANT EXTRACTS FROM FLOWERS AND BULBS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

13. GLOBAL PLANT EXTRACTS FROM RHIZOMES AND ROOTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

14. GLOBAL PLANT EXTRACTS FROM BARKS AND STEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

15. GLOBAL PLANT EXTRACTS FROM OTHER SOURCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

16. GLOBAL PLANT EXTRACTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)

17. GLOBAL PLANT EXTRACTS FOR PHARMACEUTICAL & DIETARY SUPPLEMENTS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

18. GLOBAL PLANT EXTRACTS FOR FOOD & BEVERAGES MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

19. GLOBAL PLANT EXTRACTS FOR COSMETICS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)

20. GLOBAL PLANT EXTRACTS MARKET SHARE BY FORM, 2021 VS 2028 (%)

21. GLOBAL POWDER PLANT EXTRACTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

22. GLOBAL LIQUID PLANT EXTRACTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

23. GLOBAL PLANT EXTRACTSMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

24. US PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

25. CANADA PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

26. UK PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

27. FRANCE PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

28. GERMANY PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

29. ITALY PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

30. HOSPITALSIN PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

31. REST OF EUROPE PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

32. INDIA PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

33. CHINA PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

34. JAPAN PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

35. SOUTH KOREA PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

36. REST OF ASIA-PACIFIC PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)

37. REST OF THE WORLD PLANT EXTRACTSMARKET SIZE, 2021-2028 ($ MILLION)