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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Plant Extracts Market Report Segment
By Type
- Phytomedicines & Herbal Extracts
- Essential Oils
- Flavors and Fragrances
- Others
By Source
- Leaves
- Fruits
- Flowers and Bulbs
- Rhizomes and Roots
- Barks and Stems
- Others
By Form
- Powder
- Liquid
By Application
- Pharmaceutical & Dietary Supplements
- Food & beverages
- Cosmetics
Global Plant Extracts Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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.
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