Global Plant Extract Market Will Reach at a Highest CAGR of 11.00% by 2026

Posted by peeterdbmr on October 17th, 2019

Global plant extract marketis expected to register a healthy CAGR of 11.0% in the forecast period of 2019-2026. Rising growth in R&D activities in plant extracts market is the major factor for the growth of the market.

The plant extracts are isolation of natural products from the plants. Plant extraction is separation of liquid or solid from plants by using extraction method. These plant extracts are used for various applications which include food industry, pharmaceuticals and cosmetic industry among others.

China had become world's most significant source for plant extracts. As per Chinese customs statistics in 2010, China's plant extracts of exports had amounted to 5 million, accounting for 41.9% of China's total export of Chinese medicine, the extract of Chinese products had become the huge fueling factor in raising the China's export rate. Presently, there are around more than 2000 enterprises focusing in trade business and plant extraction with thousands of products being exported to foreign countries per year.

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Competitive Analysis:

Global plant extract market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant extract market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global plant extract market are Givaudan, Sensient Technologies Corporation, Symrise, Kangcare, PT. INDESSO AROMA, PT. Haldin Pacific Semesta., VidyaHerbs, Tokiwa Phytochemical Co. Ltd., NATIVE EXTRACTS Pty Ltd., Shaanxi Jiahe Phytochem Co., Ltd., Synthite Industries Ltd., Döhler, International Flavors & Fragrances, Inc., Martin Bauer Group, Arjuna Natural Pvt Ltd,  Organic Herb Inc., Plant Extracts International Inc., Network Nutrition, FT Technologies, Lehmann&Voss&Co., Ingredia Nutritional, TimTec LLC, Alkaloids Corporation, Phyto Life Sciences P. Ltd., Phytovation, Kuber Impex Ltd, Qualiphar, Prinova Group LLC, Indena S.p.A., William Reed Business Media Ltd among others.

Segmentation: Global Plant Extract Market

•          By Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances)
•          By Forms (Powder, Liquid, Others)
•          By Source (Leaves, Fruits, Flowers and Bulbs, Rhizomes & Roots, Barks & Stems, Others)
•          By Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers

•          Rising awareness about side-effects of synthetic flavors is driving the market growth
•          Growing popularity of convenience foods may propel the growth of the market
•          Growing health benefits offered by phytomedicines and herbal extracts will boost the market in the forecast period
•          Increasing demand for dietary food supplements is a driver for the market growth

Market Restraints

•          Fluctuation of price will restrain the market growth
•          Insufficient supply of raw materials is hampering the growth of the market

Reasons to Purchase this Report

•          Current and future of global plant extract market outlook in the developed and emerging markets
•          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•          The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

•          All segmentation provided above in this report is represented at country level
•          All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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