According to a new market research report published by Global Insight Services “Plant Extracts Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A plant extract is a material that is derived from a plant through different processes, such as maceration, distillation, or expression. The extract can be in the form of a solid, such as a powder, or a liquid, such as an essential oil.
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Key Players
The global plant extracts market includes players such as Symrise AG, Sensient Technologies, Dohler, International Flavours and Fragrances Inc, Vidya Herbs Pvt Ltd, Synthite Industries Pvt. Ltd, Kangcare Bioindustry Co.Ltd, Givaudan, PT. Indesso Aroma, and PT. Haldin Pacific Semesta.
Key Trends
In recent years, there has been a trend towards using plant extracts in various technologies. This is due to the fact that plant extracts can provide many benefits, such as being more environmentally friendly and having fewer side effects than synthetic chemicals.
Some of the key trends in plant extracts technology include the following:
1. Using plant extracts for natural pest control: Plant extracts can be used as a natural way to control pests. For example, neem oil, which is derived from the neem tree, can be used to control a variety of pests, including mosquitoes, flies, and mites.
2. Using plant extracts in cosmetics: Many cosmetics, such as shampoos, conditioners, and soaps, contain plant extracts. This is because plant extracts can provide a variety of benefits for the skin, such as moisturizing and cleansing.
3. Using plant extracts in food: Plant extracts are often used in food as a natural flavoring or coloring agent. For example, turmeric extract is often used to add color to curry dishes.
Key Drivers
Some of the key drivers of the plant extracts market are:
1. Increasing demand for plant-based ingredients: There is a growing demand for plant-based ingredients in the food, beverage, and personal care industries. This is due to the growing awareness of the health benefits of plant-based ingredients and the trend towards natural and organic products.
2. Growing demand for functional foods and beverages: The demand for functional foods and beverages is increasing, as consumers are becoming more health-conscious. Plant extracts can be used to add nutritional value and health benefits to these products.
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Market Segments
The plant extracts market is segmented by type, application, and sources. By type, the market is divided into essential oils, spices, flavors and fragrances, and phytomedicines and herbal extracts. On the basis of application, it is bifurcated into cosmetics, food and beverages, pharmaceutical and dietary supplements, and others. Based on sources, the market is classified into fruits, flowers and bulbs, leaves, barks and stems, rhizomes and roots, and others. Region-wise, it is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Plant Extracts Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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