Plant extract refers to a product that is formed through an extraction and separation process where plants are used as raw materials. It can be used in a variety of areas including health foods, therapeutic drugs, cosmetics, processing aids, additives – chemical alternatives, and so on. According to latest analysis by Gen Consulting Company, the global plant extracts market is poised to grow by USD 12.3 billion during 2023-2029, progressing at a CAGR of 5.3% during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global plant extracts market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the form, product, source, end user, and region. The global market for plant extracts can be segmented by form: liquid, powder, paste. According to the research, the liquid extract segment had the largest share in the global plant extracts market. Plant extracts market is further segmented by product: essential oils, flavors & fragrances, herbal extracts & phytomedicines, spices. In 2022, the herbal extracts & phytomedicines segment made up the largest share of revenue generated by the plant extracts market. Based on source, the plant extracts market is segmented into: fruits, flowers, & bulbs, leaves, rhizomes & roots, stems & barks. Among these, the fruits, flowers, & bulbs segment was accounted for the highest revenue generator in 2022. On the basis of end user, the plant extracts market also can be divided into: food & beverages, nutraceuticals & pharmaceuticals, personal care & cosmetics, others. The nutraceuticals & pharmaceuticals segment captured the largest share of the market in 2022. Plant extracts market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

Market Segmentation
By form: liquid, powder, paste
By product: essential oils, flavors & fragrances, herbal extracts & phytomedicines, spices
By source: fruits, flowers, & bulbs, leaves, rhizomes & roots, stems & barks
By end user: food & beverages, nutraceuticals & pharmaceuticals, personal care & cosmetics, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Plant Extracts Market, including Archer-Daniels-Midland Company, Arjuna Natural Extracts Ltd., Cargill, Incorporated, Chenguang Biotech Group Co., Ltd., Dohler GmbH, Firmenich SA, Givaudan SA, Guilin Layn Natural Ingredients Corp., Hunan Huakang Biotech Inc., International Flavors & Fragrances, Inc., Kerry Group plc, Koninklijke DSM N.V., Mane SA, Martin Bauer GmbH & Co. KG, Native Extracts Pty Ltd., Nutra Green Biotechnology Co., Ltd., Organic Herb Inc., PT. Indesso Aroma, Sensient Technologies Corporation, Shaanxi Jiahe Phytochem Co. Ltd (Jiaherb, Inc.), Symrise AG, Synergy Flavors, Inc., Synthite Industries Pvt. Ltd., T. Hasegawa Co., Ltd., Takasago International Corporation, Tokiwa Phytochemical Co. Ltd., Vidya Herbs Private Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global plant extracts market.
• To classify and forecast the global plant extracts market based on form, product, source, end user, region.
• To identify drivers and challenges for the global plant extracts market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global plant extracts market.
• To identify and analyze the profile of leading players operating in the global plant extracts market.

Why Choose This Report
• Gain a reliable outlook of the global plant extracts market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.