The Plant Extracts Market is expected to reach 0 Billion by 2023
Posted by Lohitha on August 9th, 2019
According to the new market research report by IndustryARC titled “Plant Extracts Market By Type (Phytochemicals, Essential Oils, Oleoresins & Others), By Form (Powdered, Liquid and Others), By Applications (Nutraceuticals, Cosmeceuticals, Functional Food & Beverages, Pharmaceuticals) & By Geography 2018-2023”, the market growth is enhanced by the increasing number of newly launched products and growing interest in self-grooming.
View Full Table Of Contents Of Plant Extracts Market:
Americas dominates the Plant Extracts Market during the forecast period
The Americas has a major share in the Plant Extracts Market during the forecast period. It is expected to reach , 553.1 million at a CAGR of 9.7% by 2023. The market in this region has been experiencing a steady growth recently due to increasing demand for cosmetics and nutritional products composed of ingredients which are derived from plants. The main applications of natural extracts include dietary supplements, functional food and beverages and cosmetic products. In the US, retail sales of herbal dietary supplement reached billion in 2013 and had increased by 7.9% from 2012. The cosmetic products composed of ingredients derived from plants are becoming more prominent in the Americas region. Consumers want brands that are inspired from nature and provide natural products.
Selected Analysis done in the full Report:
Nutraceuticals segment reached a market revenue of ,321.8 million in 2014. It is expected to reach , 942 million by 2023 at a CAGR of 10.5%. it is the largest end user industry due to the growing demand for food and medicinal products that provide health benefits along with the basic nutrition value found in the foods. The functional food and beverages segment holds the second largest share in the Plant Extracts market. It is expected to reach ,174 million at a CAGR of 13.1% by 2023. This segment includes food and drinks whose ingredients are derived from plants in the form of liquid extract or powdered extract. Functional foods can avert an abnormal function that triggers a disease.
Excerpts on Market Growth Factors:
Increasing awareness of consumers about the benefits of naturally derived products will drive the demand for Plant Extracts Market.
Talk to one of our sales representative about the full report by providing your details in the below link:
Key players of the Plant Extracts Market:
Symrise AG, Martin Bauer GmbH & Co KG and CHR Hansen are the key players in the Plant Extracts Market. Symrise AG manufactures cosmetic active ingredients, functional ingredients, flavourings, fragrances and nutritional products. Martin Baur GmbH serves tea, pharmaceutical and
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Mr. Venkateshwar Reddy
Like it? Share it!
About the AuthorLohitha
Joined: August 6th, 2019
Articles Posted: 121
More by this author