Plant Extracts Market

Plant Extracts Market by Product Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids), Application (Food & Beverages, Cosmetics, Pharmaceuticals, Dietary Supplements), Form, Source and Region - Global Forecast to 2027

Report Code: FB 1399 Sep, 2022, by marketsandmarkets.com

[353 Pages Report] According to MarketsandMarkets, the global plant extracts market size is estimated to be valued at USD 34.4 billion in 2022 and is projected to reach USD 61.5 billion by 2027, recording a CAGR of 12.3% in terms of value. The urban population is becoming health-conscious resulting in a spike in the alternative market of pharmaceuticals and therapies as more and more people developing trust in natural products. Digitalization has taken up the world completely, example being the automation of spice and herb processing. Digital solutions are being incorporated to cater to the rising demand globally. Several European projects support developments in the area of robotics for agriculture, including a robotic herb harvester in Denmark. Also, changes in lifestyles and the increase in the demand for natural flavors from consumers are observed in developing economies, leading to the growth in the demand for plant extracts.

Plant Extracts Market

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Market Dynamics

Drivers: Demand for essential oil within cosmetic industry

Essential oils are widely used in cosmetics, perfumery, food and beverages, cleaning products, and home fragrances, for their relaxing, stimulating, antiseptic, bactericidal, decongestant, soothing, antispasmodic, and anti-inflammatory properties. Besides being used for fragrance, essential oils like lemon and orange possess antiseptic properties, garnering attention as promising cosmetic active ingredients. Essential oils are also being used in skincare with anti-acne, anti-aging, skin lightening, and sun protection characteristics. Skincare is the most important product category, in which a wide range of products use natural ingredients. Essential oils are mainly used as fragrances, while various other plant-based extracts are also used for their active properties. Essential oils are also used in soaps, color cosmetics, and deodorants. Companies within the ecosystem are focusing on further expanding the market for essential oils within cosmetics. Primavera Life, a producer of natural cosmetics and essential oils, uses a wide range of essential oils in its products, including lemongrass from Bhutan and Nepal, cajeput from Cambodia and lemon verbena and myrtle from Peru.

Higher-priced essential oils are usually used in the perfumery and personal care sector. According to the European Federation of Essential Oils (E.F.E.O), fragrances, cosmetics and aromatherapy generate about one third of the demand for essential oils. There is an expected increase in demand from the cosmetics sector, because many natural and conventional cosmetics companies are using essential oils as fragrances. Some of the highly valued essential oils used as fragrances include eucalyptus, citrus, floral oils, tea tree and lavender. Geraniol, citral, linalool, limonene and citronellol are some of the other notable fragrances popular among the masses.

Restraints: Price fluctuation and inadequacy of raw materials

The Botanical Survey of India estimates that there are over 8,000 different species of medicinal plants in India. Some plant species are no longer available due to forest degradation and species extinction. Additionally, because these medicinal plants are only grown in a few countries, the supply is constrained. Additionally, because these plants only produce once a year and have a limited supply, there is an imbalance in supply and demand. It also has an impact on the cost of raw materials, and the added expense of storage makes it expensive. It becomes challenging to standardize the final product's price because of these wide price differences.Supply bottlenecks, and an increased demand in the countries of origin and weather unpredictability cause distress at times. Lack of harvest workers, slowdown in production, and lockdown impacted port closures have caused crop failures and shortages. Extreme weather conditions such as heavy rain in Southern Europe or enormous drought and forest fires in Eastern Europe exacerbate these failures. Spice industry in Europe and adjacent regions have high dependency on imports. Distortions in freight and logistics have a direct impact on the spice trade. The consequences, such as the lack of availability of shipping containers, are omnipresent and lead to drastic cost increases. As the demand outstrips supply, the annual demand stands risky despite seasonal harvests and disrupting continuity of supply restraining the market.

Opportunities: Technological intervention in the production process give rise to opportunities in plant extracts market

Technological intervention across the supply chain helps the plant extracts business to propel. Bioactive extraction is witnessing high technology adoption. Besides, “Green technologies” are being adopted to result in significant sustainable measures. For instance, polar-nonpolar-sandwiching (PNS) technology was used for the extraction of a spectrum of bioactive, including curcuminoid, polyphenols, protein, fiber, and essential oils from within turmeric root extract. Ultrasound assisted extraction (UAE) is a green technology for bioactive extraction. Givaudan, a leading player in flavors and fragrances industry, performs sustainable extraction through one of its innovative biomimetic technologies: Natural Deep Eutectic Solvents (NaDES). This green fractionation technology enables the extraction of an analyte from a sample according to its physical or chemical properties. Such specialized extraction technique is used to extract botanicals. Vapor Cartridge Technology LLC, in 2022, announced patenting of environmentally conscious method of extracting essential oils/resins from cannabis plants. An Israeli start-up, AvoMed, has developed technology that can extract a bioactive PFA (polyhydroxylated fatty alcohols) from avocado, further used as an active ingredient in topical cosmetic products to treat skin damage and inflammatory disorders.

Adulteration and authenticity are being tested using technology, promoting the consumption of herbal supplements, thereby increasing the demand for plant extracts. Herbal products sold worldwide as medicines or foods are perceived as low risk because they are considered natural and thus safe. However, the quality of these products is ineffectively regulated and controlled. DNA testing technology was used to analyze the authenticity of herbal products. Introduction of such technical expertise is bolstering the demand for plant extracts market

Challenges : Adulteration and cost margin for natural additives compared to synthetic counterparts

One of the major challenges faced by the plant extracts market is the prevalence of adulterated extracts. Such adulterated products do not possess the actual properties of pure plant extracts and mislead the consumers. According to the National Academy of Science, USA, synthetic oils are primarily made of 95% of the chemicals that can be typically found in mineral oil and petroleum jelly are both by-products of petroleum production. Manufacturers of synthetic fragrances add many toxic chemicals for the fragrances to spread and dissipate into the air. Benzene derivatives, and aldehydes are the most common additive chemicals apart from other known toxins which can cause adverse health effects. The major reason for the adulteration of essential oils is their high price. For instance, high-quality, pure rose essential oil may cost approximately USD 78,000 for a liter, whereas the adulterated version of the same product costs approximately USD 200–300. Since the availability of some of the plant extracts is extremely low, the rate of adulteration is significantly high. Besides, as consumers favor natural essential oils over synthetic alternatives, the price of essential oil escalates, mainly due to expensive production costs.

Adverse side-effects of synthetic flavors led to a shift towards natural flavors

Food flavorings or micro ingredients are added to enhance food flavors, besides assisting in the preservation of products or help keep the product stay fresh for a prolonged period. Food flavorings are an integral part of the food & beverages industry as it confers specific sensory properties of taste and smell to processed foods. Food flavorings have a complex formulation and might as well be categorized as natural, synthetic, and nature identical. Food flavors are standardized by the FDA, and flavor manufacturing companies must comply the FDA and USDA norms for food production. Nowadays, increasing attention is being paid to food additives used, with the growing concerns related to their safety and potential health risks.

Government initiatives to promote natural ingredients drives the plant extracts market

Awareness is being created among consumers with respect to the benefits offered by natural ingredients and extracts, governments of various countries, and manufacturers have started taking initiatives and are investing in R&D. India has an indigenous supply of medicinal and herbal plants and is further promoting herbal cultivation. In 2021, Ministry of AYUSH, Government of India implemented a scheme supporting market driven cultivation of prioritized medicinal plants in identified cluster/zones. Ministry of AYUSH is supporting cultivation of medicinal plants on farmer’s land throughout the country by providing subsidy for 140 medicinal plants @30%, 50% and 75% of cost of its cultivation, depending upon the status of availability and market demand as per operational guidelines of the Scheme. The urban population is becoming health-conscious resulting in a spike in the alternative market of pharmaceuticals and therapies as more and more people developing trust in natural products. As under National Rural Livelihoods Mission (DAY-NRLM) sustainable livelihood generation and adoption of multiple livelihoods for a household is emphasized and a low input high output lemongrass farming is being promoted as an initiative for women empowerment by the Government of India.

Also, changes in lifestyles and the increase in the demand for natural flavors from consumers are observed in developing economies, leading to the growth in the demand for plant extracts. Kemin (US), offers vertically integrated sustainably grown plant extract blends such as rosemary, green tea, spearmint, and/or acerola, under the brand NaturFORT™. NaturFORT ARGT is a unique blend of acerola, rosemary and green tea extracts that provides optimal color and flavor shelf-life extension of meat and poultry products, while NaturFORT RS is a unique blend of rosemary and spearmint extracts that provides flavor stability in dressings and mayonnaise. The plant extract blends provide optimized oxidation protection without negative sensory impact, formulation support. Globalization has also led to greater exposure to flavors and fragrances of various cultures. Hence, identifying new & exotic spices and herbs and their properties in accordance with the changing consumer preferences is vital for plant extract manufacturers.

The increasing domestic and international demand contributing towards the growth of plant extracts market in the Asia Pacific region

Asia Pacific dominated the plant extracts market in 2021 and is projected to continue its dominance during the forecast period. The market for plant extracts in the region is thriving due to strong local and international demand. The region has several small and medium-sized manufacturers of plant extracts that are well-versed with the processing of plant extracts and aware of the benefits offered by them such as, Alchemy Chemicals, Vital Herbs, Sydler, Plantnat. Manufacturers in Indonesia, India, and Thailand are continuously investing in the market and focusing on innovation to expand their product range. This is due to the rise in the trade of plant extracts between Asia and international manufacturers of spices and essential oils.

Plant Extracts Market Size, and Share

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Key Market Players

The key players in this market include International Flavors & Fragrances Inc. (US), Givaudan (Switzerland), Symrise (Germany), Kerry Group Plc (Ireland), ADM (US), and Synthite Industries Ltd (India), Kalsec Inc. (US), Kangcare bioindustry co. ltd. (China), Carbery Group (Ireland), DSM (Netherlands), Dφhler (Germany), Synthite Industries Ltd (India), Indesso (Indonesia), and Vidya Herbs (India).

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Scope of the Report

Report Metric

Details

Market size estimation

2022–2027

Base year considered

2021

Forecast period considered

2022–2027

Units considered

Value (USD), Volume (KT)

Segments covered

Product type, form, source, region, and application.

Regions covered

North America, Europe, Asia pacific and RoW

Companies studied

  • International Flavors & Fragrances Inc. (US)
  • Givaudan (Switzerland)
  • Symrise (Germany)
  • Kerry Group Plc (Ireland)
  • ADM (US)
  • Synthite Industries Ltd (India)
  • Kalsec Inc. (US)
  • Kangcare bioindustry co. ltd. (China)
  • Carbery Group (Ireland)
  • DSM (Netherlands)
  • Dφhler (Germany)
  • Synthite Industries Ltd (India)
  • Indesso (Indonesia)
  • Vidya Herbs (India)

This research report categorizes the plant extracts market, based on product type, application, source, form, and region.

Target Audience:

  • Supply side: Plant extract producers, suppliers, distributors, importers, and exporters
  • Demand side: food & beverage manufacturers, cosmetic manufacturers, nutraceutical manufacturers, pharmaceutical industries, and dietary supplement manufacturers
  • Regulatory bodies: Government agencies and Non-Governmental Organization (NGO)
  • Commercial R&D institutions and financial institutions
  • Associations, regulatory bodies, and other industry-related bodies:
    • Food and Drug Administration (FDA)
    • United States Department of Agriculture (USDA)
    • Herb Society of America
    • American Herbal Products Association
    • The International Herb Association
    • American Spice Trade Association
    • European spices Association
    • Spices Board
    • Essential Oil Association of India
    • The International Federation of Essential Oils and Aroma Trades
    • European Flavors & Fragrances Association

Report Scope:

Plant Extracts Market:

By Product Type

  • Oleoresins
  • Essential oils
  • Flavonoids
  • Alkaloids
  • Carotenoids
  • Other types

By Application

  • Food & beverages
  • Cosmetics
  • Pharmaceuticals
  • Dietary Supplements
  • Other applications

By Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World (RoW)

By Form

  • Dry
  • Liquid

By Source

  • Herbs & spices
  • Fruits & vegetables
  • Flowers

Recent Developments

  • In July 2022, Symrise introduced Maison Lautier 1795 (fragrance), a naturals brand, and its first three product lines. The emphasis is on artisan, sustainably grown Mediterranean flowers and plants. This adds to the company's scent product portfolio.
  • In November 2021, Sensient debuted Boundless, introduced a line of chili-based extracts, in its flavors & extracts segment. Boundless offers a variety of chili profiles, including Ancho Chili, Chipotle Chili, Green Jalapeno, Habanero Chili, and Red Jalapeno. This will help the company meet the growing demand for new flavors
  • In February 2021, International Flavors & Fragrances Inc. DuPont’s N&B has merged with IFF, which supplies binders, plant-based proteins, and texturants which has increased the revenue exponentially and broadened the customer base for sustainable growth.
  • In February 2021, Givaudan Taste & Wellbeing introduced Advanced Tools for Modelling (ATOM), which uses artificial intelligence to optimize food and flavor formulation to generate new options and insights based on consumer preferences. The tools investigate ingredient synergies and identify flavor drivers that are both positive and negative. This will support the Company's strategy and intent to lead the way in digitalization; these pioneering tools open new avenues for creative development and have the potential to shorten the time to market for new products.
  • In December 2021, ADM Flavor Infusion International, S.A. (FISA), a provider of flavor and specialty ingredient solutions in Latin America and the Caribbean, was acquired by ADM. The addition of FISA will provide ADM with new growth opportunities in Latin America and the Caribbean.
  • In September 2021, ADM purchased Yerbalatina Phyto actives, a Brazilian manufacturer of plant-based extracts and ingredients. To stay ahead of health and wellness trends, ADM is expanding its portfolio of ingredients derived from natural sources that promote health. This acquisition expands ADM's already substantial presence in Brazil.
  • October 2021, Cargill, Incorporated Cargill introduced improved Nutrena Nature Wise formulas that improve the overall wellness, and productivity of chickens. This poultry feed contains essential oils (oregano and other herbs) that promote flock health and egg production. This launch aided the company expands its product portfolio and help meeting its customers' demand for wholesome feeds.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED
    1.5 YEARS CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2021
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
           FIGURE 2 PLANT EXTRACTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 PLANT EXTRACTS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY-SIDE)
           FIGURE 5 PLANT EXTRACTS MARKET SIZE ESTIMATION (DEMAND-SIDE)
           2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 6 PLANT EXTRACTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 7 PLANT EXTRACTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 56)
    TABLE 2 PLANT EXTRACTS MARKET SHARE SNAPSHOT, 2022 VS. 2027 (USD MILLION)
    FIGURE 9 PLANT EXTRACTS MARKET SIZE, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 10 PLANT EXTRACTS MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 11 PLANT EXTRACTS MARKET SIZE, BY SOURCE, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 PLANT EXTRACTS MARKET SHARE AND GROWTH RATE (VALUE), BY REGION, 2021

4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PLANT EXTRACTS MARKET
           FIGURE 13 GROWING DEMAND FOR NATURAL AND PLANT-BASED INGREDIENTS
    4.2 PLANT EXTRACTS MARKET: MAJOR REGIONAL SUBMARKETS
           FIGURE 14 ASIA PACIFIC WAS LARGEST MARKET GLOBALLY IN 2021
    4.3 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE & COUNTRY
           FIGURE 15 CHINA TO DOMINATE ASIA PACIFIC MARKET IN 2021
    4.4 PLANT EXTRACTS MARKET, BY FORM
           FIGURE 16 DRY SEGMENT TO DOMINATE PLANT EXTRACTS MARKET
    4.5 PLANT EXTRACTS MARKET, BY APPLICATION
    4.6 PLANT EXTRACTS MARKET, BY SOURCE
    4.7 PLANT EXTRACTS MARKET, BY TYPE & REGION
           FIGURE 19 ASIA PACIFIC TO DOMINATE DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 67)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 EXPORT OF SPICES
                    FIGURE 20 INDIA: EXPORT DATA OF SPICE OILS & OLEORESINS, 2018-2021
           5.2.2 CONSUMER PRICE INDEX
                    FIGURE 21 US: CONSUMER PRICE INDEX (URBAN CONSUMERS) OF FOOD & BEVERAGES, 2018-2022
                    FIGURE 22 PURCHASER PRICE INDEX FOR FOOD (HEALTH) SUPPLEMENT STORES, 2020-2022
           5.2.3 ORGANIC FOOD DEMAND
    5.3 MARKET DYNAMICS
           FIGURE 23 PLANT EXTRACTS MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Demand for essential oils from cosmetics industry
                    5.3.1.2 Increasing demand for natural ingredients and clean label products
                    5.3.1.3 Growing market for nutraceuticals and herbal supplements
                               FIGURE 24 GROWING DEMAND FOR BOTANICAL DIETARY SUPPLEMENTS
                    5.3.1.4 Adverse side-effects of synthetic flavors
                               FIGURE 25 INCREASING DEMAND FOR NATURAL FLAVORS & FRAGRANCES
           5.3.2 RESTRAINTS
                    5.3.2.1 Lack of standardization and varying regulations and quality standards
                    5.3.2.2 Price fluctuations and inadequate supply of raw materials
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Technological intervention in production processes
                    5.3.3.2 Growing trend of veganism among consumers
                    5.3.3.3 Government initiatives to promote natural ingredients
           5.3.4 CHALLENGES
                    5.3.4.1 Lack of downstream processing facilities and resultant microbial contamination
                    5.3.4.2 Adulteration and cost margins for natural additives compared to synthetic counterparts

6 INDUSTRY TRENDS (Page No. - 81)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN
           6.2.1 RESEARCH & PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING
           6.2.3 MANUFACTURING
           6.2.4 PACKAGING, STORAGE, AND DISTRIBUTION
           6.2.5 END USERS
                    FIGURE 26 PLANT EXTRACTS MARKET: VALUE CHAIN
    6.3 SUPPLY CHAIN ANALYSIS
           FIGURE 27 PLANT EXTRACTS MARKET: SUPPLY CHAIN
    6.4 MARKET MAP AND ECOSYSTEM OF PLANT EXTRACTS
           6.4.1 DEMAND SIDE
           6.4.2 SUPPLY SIDE
                    FIGURE 28 PLANT EXTRACTS MARKET: ECOSYSTEM MAP
           6.4.3 ECOSYSTEM MAP
                    TABLE 3 PLANT EXTRACTS MARKET: ECOSYSTEM
    6.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           6.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN PLANT EXTRACTS MARKET
                    FIGURE 29 REVENUE SHIFT IMPACTING PLANT EXTRACTS MARKET
    6.6 TECHNOLOGY ANALYSIS
           6.6.1 GREEN TECHNOLOGIES
           6.6.2 DRYING TECHNOLOGY
           6.6.3 CELLULAR EXTRACTION
    6.7 PRICING ANALYSIS
           6.7.1 SELLING PRICE CHARGED BY KEY PLAYERS IN TERMS OF PRODUCT SOURCE
                    FIGURE 30 SELLING PRICE OF KEY PLAYERS FOR PLANT EXTRACTS’ PRODUCT SOURCE
                    TABLE 4 SELLING PRICE OF KEY PLAYERS FOR PRODUCT FORM (USD/KG)
                    FIGURE 31 AVERAGE SELLING PRICE IN KEY REGIONS, BY PRODUCT TYPE, 2017–2021 (USD/KG)
                    TABLE 5 OLEORESINS: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
                    TABLE 6 ESSENTIAL OILS: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
                    TABLE 7 FLAVONOIDS: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
                    TABLE 8 ALKALOIDS: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
                    TABLE 9 CAROTENOIDS: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
                    TABLE 10 OTHER PRODUCT TYPES: AVERAGE SELLING PRICE, BY REGION, 2017–2021 (USD/KG)
    6.8 PLANT EXTRACTS MARKET: PATENT ANALYSIS
                    FIGURE 32 NUMBER OF PATENTS GRANTED FOR PLANT EXTRACTS, 2011–2021
                    FIGURE 33 TOP PATENT APPLICANTS FOR PLANT EXTRACTS, 2019–2022
                    FIGURE 34 REGIONAL ANALYSIS OF PATENTS GRANTED FOR PLANT EXTRACTS, 2019-2022
           6.8.1 LIST OF MAJOR PATENTS
                    TABLE 11 LIST OF FEW PATENTS IN PLANT EXTRACTS MARKET, 2019–2022
    6.9 TRADE ANALYSIS: PLANT EXTRACTS MARKET
           6.9.1 EXPORT SCENARIO OF VEGETABLE SAPS AND EXTRACTS
                    FIGURE 35 VEGETABLE SAPS AND EXTRACTS EXPORTS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 12 EXPORT DATA OF VEGETABLE SAPS AND EXTRACTS FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.2 IMPORT SCENARIO OF VEGETABLE SAPS AND EXTRACTS
                    FIGURE 36 VEGETABLE SAPS AND EXTRACTS IMPORTS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 13 IMPORT DATA OF VEGETABLE SAPS AND EXTRACTS FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.3 EXPORT SCENARIO OF EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ
                    FIGURE 37 EXPORTS: EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 14 EXPORT DATA OF EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.4 IMPORT SCENARIO OF EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ
                    FIGURE 38 IMPORTS: EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 15 IMPORT DATA OF EXTRACTS, ESSENCES, AND CONCENTRATES OF COFFEE, TEA, OR MATΙ FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.5 EXPORT SCENARIO: ESSENTIAL OILS FROM CITRUS FRUITS
                    FIGURE 39 EXPORTS: ESSENTIAL OILS OF CITRUS FRUITS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 16 EXPORT DATA OF ESSENTIAL OILS OF CITRUS FRUIT FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.6 IMPORT SCENARIO: ESSENTIAL OILS FROM CITRUS FRUITS
                    FIGURE 40 IMPORTS: ESSENTIAL OILS OF CITRUS FRUITS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 17 IMPORT DATA FOR ESSENTIAL OILS OF CITRUS FRUITS FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.7 EXPORT SCENARIO: EXTRACTED OLEORESINS
                    FIGURE 41 EXPORTS: EXTRACTED OLEORESINS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 18 EXPORT DATA OF EXTRACTED OLEORESINS FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.8 IMPORT SCENARIO: EXTRACTED OLEORESINS
                    FIGURE 42 IMPORTS: EXTRACTED OLEORESINS, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 19 IMPORT DATA FOR EXTRACTED OLEORESINS FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
    6.10 CASE STUDIES: PLANT EXTRACTS MARKET
           6.10.1 ARJUNA NATURAL: NATURAL SOLUTION FOR FRUIT JUICE PRESERVATION
           6.10.2 SYMRISE: HALAL VANILLA
    6.11 KEY CONFERENCES AND EVENTS, 2022–2023
                    TABLE 20 KEY CONFERENCES AND EVENTS IN PLANT EXTRACTS MARKET
    6.12 TARIFF AND REGULATORY LANDSCAPE
           6.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 22 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 23 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 24 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.12.2 REGULATORY FRAMEWORK
                    6.12.2.1 North America
                               6.12.2.1.1 United States
                               6.12.2.1.2 Canada
                    6.12.2.2 Europe
                    6.12.2.3 Asia Pacific
                               6.12.2.3.1 China
                               6.12.2.3.2 India
                               6.12.2.3.3 Australia
                    6.12.2.4 South America
                               6.12.2.4.1 Brazil
                               6.12.2.4.2 Argentina
    6.13 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 25 PLANT EXTRACTS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.13.1 DEGREE OF COMPETITION
           6.13.2 BARGAINING POWER OF SUPPLIERS
           6.13.3 BARGAINING POWER OF BUYERS
           6.13.4 THREAT OF SUBSTITUTES
           6.13.5 THREAT OF NEW ENTRANTS
    6.14 KEY STAKEHOLDERS AND BUYING CRITERIA
           6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 43 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS
                    TABLE 26 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS (%)
           6.14.2 BUYING CRITERIA
                    FIGURE 44 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
                    TABLE 27 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR

7 PLANT EXTRACTS MARKET, BY TYPE (Page No. - 119)
    7.1 INTRODUCTION
           FIGURE 45 PLANT EXTRACTS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
           TABLE 28 PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
           TABLE 29 PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 30 PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
           TABLE 31 PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
    7.2 OLEORESINS
           7.2.1 OLEORESINS PRESERVE ROBUST FLAVOR AND AROMA OF SPICES
                    TABLE 32 OLEORESINS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 33 OLEORESINS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 34 OLEORESINS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 35 OLEORESINS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    7.3 ESSENTIAL OILS
           7.3.1 RISING TREND OF AROMATHERAPY IN DEVELOPING COUNTRIES
                    TABLE 36 ESSENTIAL OILS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 37 ESSENTIAL OILS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 38 ESSENTIAL OILS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 39 ESSENTIAL OILS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    7.4 FLAVONOIDS
           7.4.1 ANTI-OXIDATIVE AND ANTI-INFLAMMATORY PROPERTIES
                    TABLE 40 FLAVONOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 41 FLAVONOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 42 FLAVONOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 43 FLAVONOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    7.5 ALKALOIDS
           7.5.1 ANTI-CANCEROUS PROPERTIES
                    TABLE 44 ALKALOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 45 ALKALOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 46 ALKALOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 47 ALKALOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    7.6 CAROTENOIDS
           7.6.1 INCREASING INCLINATION OF CONSUMERS TOWARD NATURAL PRODUCTS
                    TABLE 48 CAROTENOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 49 CAROTENOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 50 CAROTENOIDS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 51 CAROTENOIDS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    7.7 OTHER TYPES
           TABLE 52 OTHER TYPES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
           TABLE 53 OTHER TYPES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 54 OTHER TYPES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
           TABLE 55 OTHER TYPES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)

8 PLANT EXTRACTS MARKET, BY APPLICATION (Page No. - 136)
    8.1 INTRODUCTION
           FIGURE 46 PLANT EXTRACTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
           TABLE 56 PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
           TABLE 57 PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 58 PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (KT)
           TABLE 59 PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (KT)
    8.2 PHARMACEUTICALS
           8.2.1 INCREASED DEMAND FOR PLANT-BASED MEDICINES
                    TABLE 60 PHARMACEUTICALS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 61 PHARMACEUTICALS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 62 PHARMACEUTICALS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 63 PHARMACEUTICALS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    8.3 DIETARY SUPPLEMENTS
           8.3.1 BENEFITS SUCH AS BOOSTING IMMUNITY RELATED TO HERBAL SUPPLEMENTS
                    TABLE 64 DIETARY SUPPLEMENTS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 65 DIETARY SUPPLEMENTS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 66 DIETARY SUPPLEMENTS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 67 DIETARY SUPPLEMENTS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    8.4 FOOD & BEVERAGES
           8.4.1 RISING VEGAN POPULATION DEMANDING PLANT-BASED FOODS
                    TABLE 68 FOOD & BEVERAGES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 69 FOOD & BEVERAGES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 70 FOOD & BEVERAGES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 71 FOOD & BEVERAGES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    8.5 COSMETICS
           8.5.1 ANTIMICROBIAL AND ANTIOXIDANT PROPERTIES OF PLANT EXTRACTS LEADING TO ADOPTION OF HERBAL COSMETICS
                    TABLE 72 COSMETICS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 73 COSMETICS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 74 COSMETICS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 75 COSMETICS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    8.6 OTHER APPLICATIONS
           TABLE 76 OTHER APPLICATIONS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
           TABLE 77 OTHER APPLICATIONS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 78 OTHER APPLICATIONS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
           TABLE 79 OTHER APPLICATIONS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)

9 PLANT EXTRACTS MARKET, BY SOURCE (Page No. - 150)
    9.1 INTRODUCTION
           FIGURE 47 PLANT EXTRACTS MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION)
           TABLE 80 PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (USD MILLION)
           TABLE 81 PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 82 PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (KT)
           TABLE 83 PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (KT)
    9.2 FRUITS & VEGETABLES
           9.2.1 INTRODUCTION OF NEWER TECHNOLOGIES
                    TABLE 84 FRUITS & VEGETABLES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 85 FRUITS & VEGETABLES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 86 FRUITS & VEGETABLES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 87 FRUITS & VEGETABLES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    9.3 FLOWERS
           9.3.1 RISING USAGE OF FLOWER EXTRACTS FOR FRAGRANCES IN THE COSMETICS INDUSTRY
                    TABLE 88 FLOWERS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 89 FLOWERS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 90 FLOWERS: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 91 FLOWERS: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
    9.4 HERBS & SPICES
           9.4.1 BIOACTIVE FUNCTION OF HERBS & SPICES
                    TABLE 92 SOURCES OF HERBS & SPICES
                    TABLE 93 BIOACTIVE FUNCTIONS OF SPICES & HERBS
                    TABLE 94 HERBS & SPICES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 95 HERBS & SPICES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 96 HERBS & SPICES: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
                    TABLE 97 HERBS & SPICES: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)

10 PLANT EXTRACTS MARKET, BY FORM (Page No. - 159)
     10.1 INTRODUCTION
               FIGURE 48 PLANT EXTRACTS MARKET (VALUE), BY FORM, 2022 VS. 2027
               TABLE 98 PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION)
               TABLE 99 PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION)
     10.2 DRY
             10.2.1 INCREASING USE IN PHARMACEUTICALS AND DIETARY SUPPLEMENTS
                       TABLE 100 DRY: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 101 DRY: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 LIQUID
             10.3.1 SHIFTING CONSUMER PREFERENCES
                       TABLE 102 LIQUID: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 103 LIQUID: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)

11 PLANT EXTRACTS MARKET, BY REGION (Page No. - 165)
     11.1 INTRODUCTION
               FIGURE 49 GEOGRAPHIC SNAPSHOT (2022–2027): RAPIDLY GROWING MARKETS EMERGING AS NEW HOTSPOTS
               FIGURE 50 PLANT EXTRACTS MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
               TABLE 104 PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
               TABLE 105 PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 106 PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
               TABLE 107 PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
     11.2 NORTH AMERICA
               FIGURE 51 NORTH AMERICA: MARKET SNAPSHOT
               TABLE 108 NORTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
               TABLE 109 NORTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 110 NORTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (KT)
               TABLE 111 NORTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (KT)
               TABLE 112 NORTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
               TABLE 113 NORTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 114 NORTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
               TABLE 115 NORTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
               TABLE 116 NORTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
               TABLE 117 NORTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 118 NORTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (KT)
               TABLE 119 NORTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (KT)
               TABLE 120 NORTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (USD MILLION)
               TABLE 121 NORTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 122 NORTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (KT)
               TABLE 123 NORTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (KT)
               TABLE 124 NORTH AMERICA: PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION)
               TABLE 125 NORTH AMERICA: PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION)
             11.2.1 US
                       11.2.1.1 Concept of healthy aging and rising trend of health-conscious diets
                                   TABLE 126 US: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 127 US: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 128 US: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 129 US: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.2.2 CANADA
                       11.2.2.1 Rising consumption of plant-based products
                                   TABLE 130 CANADA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 131 CANADA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 132 CANADA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 133 CANADA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.2.3 MEXICO
                       11.2.3.1 Growing health and wellness trend to drive market for phytomedicines and herbal extracts
                                   TABLE 134 MEXICO: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 135 MEXICO: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 136 MEXICO: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 137 MEXICO: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
     11.3 EUROPE
               TABLE 138 EUROPE: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
               TABLE 139 EUROPE: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 140 EUROPE: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (KT)
               TABLE 141 EUROPE: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (KT)
               TABLE 142 EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
               TABLE 143 EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 144 EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
               TABLE 145 EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
               TABLE 146 EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
               TABLE 147 EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 148 EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (KT)
               TABLE 149 EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (KT)
               TABLE 150 EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (USD MILLION)
               TABLE 151 EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 152 EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (KT)
               TABLE 153 EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (KT)
               TABLE 154 EUROPE: PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION)
               TABLE 155 EUROPE: PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 Thriving food & beverage industry and growing demand for natural ingredients
                                   TABLE 156 GERMANY: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 157 GERMANY: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 158 GERMANY: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 159 GERMANY: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.2 UNITED KINGDOM
                       11.3.2.1 Herbal tea gaining popularity
                                   TABLE 160 UK: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 161 UK: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 162 UK: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 163 UK: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.3 FRANCE
                       11.3.3.1 Consumption of plant extracts for production of dietary supplements and functional foods
                                   TABLE 164 FRANCE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 165 FRANCE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 166 FRANCE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 167 FRANCE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.4 ITALY
                       11.3.4.1 Growth of food supplements
                                   TABLE 168 ITALY: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 169 ITALY: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 170 ITALY: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 171 ITALY: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.5 SPAIN
                       11.3.5.1 Increasing focus of food manufacturers on producing functional food & beverages
                                   TABLE 172 SPAIN: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 173 SPAIN: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 174 SPAIN: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 175 SPAIN: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.6 RUSSIA
                       11.3.6.1 Consumption of herbal dietary supplements to create dynamic opportunities
                                   TABLE 176 RUSSIA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 177 RUSSIA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 178 RUSSIA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 179 RUSSIA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.7 POLAND
                       11.3.7.1 Reduced consumption of meat leading to plant-based alternatives
                                   TABLE 180 POLAND: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 181 POLAND: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 182 POLAND: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 183 POLAND: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.3.8 REST OF EUROPE
                       TABLE 184 REST OF EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                       TABLE 185 REST OF EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                       TABLE 186 REST OF EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                       TABLE 187 REST OF EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
     11.4 ASIA PACIFIC
               FIGURE 52 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 188 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
               TABLE 189 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 190 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (KT)
               TABLE 191 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (KT)
               TABLE 192 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
               TABLE 193 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 194 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
               TABLE 195 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
               TABLE 196 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
               TABLE 197 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 198 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (KT)
               TABLE 199 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (KT)
               TABLE 200 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (USD MILLION)
               TABLE 201 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 202 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (KT)
               TABLE 203 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (KT)
               TABLE 204 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION)
               TABLE 205 ASIA PACIFIC: PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Increasing rejection of chemical products
                                   TABLE 206 CHINA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 207 CHINA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 208 CHINA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 209 CHINA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.4.2 INDIA
                       11.4.2.1 Shifting trend from synthetic to herbal medicines
                                   TABLE 210 INDIA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 211 INDIA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 212 INDIA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 213 INDIA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.4.3 JAPAN
                       11.4.3.1 Increasing need for natural ingredients in health care, cosmetics, and toiletries
                                   TABLE 214 JAPAN: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 215 JAPAN: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 216 JAPAN: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 217 JAPAN: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.4.4 AUSTRALIA & NEW ZEALAND
                       11.4.4.1 Rising investments by governments
                                   TABLE 218 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 219 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 220 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 221 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.4.5 SINGAPORE
                       11.4.5.1 Rising concerns over health risks
                                   TABLE 222 SINGAPORE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 223 SINGAPORE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 224 SINGAPORE: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 225 SINGAPORE: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 226 REST OF ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                       TABLE 227 REST OF ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                       TABLE 228 REST OF ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                       TABLE 229 REST OF ASIA PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
     11.5 REST OF THE WORLD
               TABLE 230 ROW: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (USD MILLION)
               TABLE 231 ROW: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 232 ROW: PLANT EXTRACTS MARKET, BY REGION, 2016–2021 (KT)
               TABLE 233 ROW: PLANT EXTRACTS MARKET, BY REGION, 2022–2027 (KT)
               TABLE 234 ROW: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
               TABLE 235 ROW: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 236 ROW: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
               TABLE 237 ROW: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
               TABLE 238 ROW: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
               TABLE 239 ROW: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 240 ROW: PLANT EXTRACTS MARKET, BY APPLICATION, 2016–2021 (KT)
               TABLE 241 ROW: PLANT EXTRACTS MARKET, BY APPLICATION, 2022–2027 (KT)
               TABLE 242 ROW: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (USD MILLION)
               TABLE 243 ROW: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 244 ROW: PLANT EXTRACTS MARKET, BY SOURCE, 2016–2021 (KT)
               TABLE 245 ROW: PLANT EXTRACTS MARKET, BY SOURCE, 2022–2027 (KT)
               TABLE 246 ROW: PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION)
               TABLE 247 ROW: PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION)
             11.5.1 SOUTH AMERICA
                       TABLE 248 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
                       TABLE 249 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                       TABLE 250 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (KT)
                       TABLE 251 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (KT)
                       11.5.1.1 Brazil
                                   11.5.1.1.1 Biodiversity to enable development of variety of plant extract products
                                   TABLE 252 BRAZIL: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 253 BRAZIL: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 254 BRAZIL: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 255 BRAZIL: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
                       11.5.1.2 Rest of South America
                                   11.5.1.2.1 Rising demand for organic products in food, cosmetics, and pharma industries
                                   TABLE 256 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 257 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 258 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 259 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.5.2 AFRICA
                       TABLE 260 AFRICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
                       TABLE 261 AFRICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                       TABLE 262 AFRICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2016–2021 (KT)
                       TABLE 263 AFRICA: PLANT EXTRACTS MARKET, BY COUNTRY, 2022–2027 (KT)
                       11.5.2.1 South Africa
                                   11.5.2.1.1 Unique qualities of plant extracts leading to their increased use in cosmetics
                                   TABLE 264 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 265 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 266 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 267 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
                       11.5.2.2 Rest of Africa
                                   11.5.2.2.1 Inability of western medicine to provide cures for some diseases and infections
                                   TABLE 268 REST OF AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 269 REST OF AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 270 REST OF AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 271 REST OF AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)
             11.5.3 MIDDLE EAST
                       11.5.3.1 Growing import demand for plant extracts from North America
                                   TABLE 272 MIDDLE EAST: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 273 MIDDLE EAST: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 274 MIDDLE EAST: PLANT EXTRACTS MARKET, BY TYPE, 2016–2021 (KT)
                                   TABLE 275 MIDDLE EAST: PLANT EXTRACTS MARKET, BY TYPE, 2022–2027 (KT)

12 COMPETITIVE LANDSCAPE (Page No. - 244)
     12.1 OVERVIEW
     12.2 MARKET SHARE ANALYSIS, 2021
               TABLE 276 PLANT EXTRACTS MARKET: DEGREE OF COMPETITION (COMPETITIVE)
     12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
               FIGURE 53 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD MILLION)
     12.4 KEY PLAYER STRATEGIES
               TABLE 277 STRATEGIES ADOPTED BY KEY PLANT EXTRACT MANUFACTURERS
     12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 54 PLANT EXTRACTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
             12.5.5 PRODUCT FOOTPRINT
                       TABLE 278 COMPANY FOOTPRINT, BY SOURCE
                       TABLE 279 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 280 COMPANY FOOTPRINT, BY REGION
                       TABLE 281 OVERALL COMPANY FOOTPRINT
     12.6 PLANT EXTRACTS MARKET: EVALUATION QUADRANT FOR START-UPS/SMES, 2021
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 STARTING BLOCKS
             12.6.3 RESPONSIVE COMPANIES
             12.6.4 DYNAMIC COMPANIES
                       FIGURE 55 PLANT EXTRACTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (START-UPS/SMES)
             12.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                       TABLE 282 PLANT EXTRACTS MARKET: DETAILED LIST OF KEY START-UPS/SMES
                       TABLE 283 PLANT EXTRACTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     12.7 COMPETITIVE SCENARIO
             12.7.1 NEW PRODUCT LAUNCHES
                       TABLE 284 PLANT EXTRACTS: NEW PRODUCT LAUNCHES, 2021–2022
             12.7.2 DEALS
                       TABLE 285 PLANT EXTRACTS: DEALS, 2019–2022
             12.7.3 OTHERS
                       TABLE 286 PLANT EXTRACTS: OTHERS, 2021–2022

13 COMPANY PROFILES (Page No. - 263)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 SYMRISE
                       13.2.1.1 Business overview
                                     TABLE 287 SYMRISE: BUSINESS OVERVIEW
                                     FIGURE 56 SYMRISE: COMPANY SNAPSHOT
                       13.2.1.2 Products/Solutions/Services offered
                                     TABLE 288 SYMRISE: PRODUCTS OFFERED
                       13.2.1.3 Recent developments
                                   13.2.1.3.1 New product launches
                                                    TABLE 289 SYMRISE: NEW PRODUCT LAUNCHES
                                   13.2.1.3.2 Deals
                                                    TABLE 290 SYMRISE: DEALS
                                   13.2.1.3.3 Others
                                                    TABLE 291 SYMRISE: OTHERS
                       13.2.1.4 MnM view
                                   13.2.1.4.1 Right to win
                                   13.2.1.4.2 Strategic choices
                                   13.2.1.4.3 Weaknesses and competitive threats
             13.2.2 SENSIENT TECHNOLOGIES CORPORATION
                       13.2.2.1 Business overview
                                     TABLE 292 SENSIENT TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                                     FIGURE 57 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                       13.2.2.2 Products/Solutions/Services offered
                                     TABLE 293 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS OFFERED
                       13.2.2.3 Recent developments
                                   13.2.2.3.1 New product launches
                                                    TABLE 294 SENSIENT TECHNOLOGIES CORPORATION: NEW PRODUCT LAUNCHES
                                   13.2.2.3.2 Deals
                                                    TABLE 295 SENSIENT TECHNOLOGIES CORPORATION: DEALS
                       13.2.2.4 MnM view
                                   13.2.2.4.1 Right to win
                                   13.2.2.4.2 Strategic choices
                                   13.2.2.4.3 Weaknesses and competitive threats
             13.2.3 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       13.2.3.1 Business overview
                                     TABLE 296 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                                     FIGURE 58 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       13.2.3.2 Products/Solutions/Services offered
                                     TABLE 297 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS OFFERED
                       13.2.3.3 Recent developments
                                   13.2.3.3.1 Deals
                                                    TABLE 298 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
                       13.2.3.4 MnM view
                                   13.2.3.4.1 Right to win
                                   13.2.3.4.2 Strategic choices
                                   13.2.3.4.3 Weaknesses and competitive threats
             13.2.4 GIVAUDAN
                       13.2.4.1 Business overview
                                     TABLE 299 GIVAUDAN: BUSINESS OVERVIEW
                                     FIGURE 59 GIVAUDAN: COMPANY SNAPSHOT
                       13.2.4.2 Products/Solutions/Services offered
                                     TABLE 300 GIVAUDAN: PRODUCTS OFFERED
                       13.2.4.3 Recent developments
                                   13.2.4.3.1 New product launches
                                                    TABLE 301 GIVAUDAN: NEW PRODUCT LAUNCHES
                                   13.2.4.3.2 Deals
                                                    TABLE 302 GIVAUDAN: DEALS
                       13.2.4.4 Others
                                     TABLE 303 GIVAUDAN: OTHERS
                       13.2.4.5 MnM view
                                   13.2.4.5.1 Right to win
                                   13.2.4.5.2 Strategic choices
                                   13.2.4.5.3 Weaknesses and competitive threats
             13.2.5 ADM
                       13.2.5.1 Business overview
                                     TABLE 304 ADM: BUSINESS OVERVIEW
                                     FIGURE 60 ADM: COMPANY SNAPSHOT
                       13.2.5.2 Products/Solutions/Services offered
                                     TABLE 305 ADM: PRODUCTS OFFERED
                       13.2.5.3 Recent developments
                                   13.2.5.3.1 Deals
                                                    TABLE 306 ADM: DEALS
                       13.2.5.4 MnM view
                                   13.2.5.4.1 Right to win
                                   13.2.5.4.2 Strategic choices
                                   13.2.5.4.3 Weaknesses and competitive threats
             13.2.6 CARGILL, INCORPORATED
                       13.2.6.1 Business overview
                                     TABLE 307 CARGILL, INCORPORATED: BUSINESS OVERVIEW
                                     FIGURE 61 CARGILL, INCORPORATED: COMPANY SNAPSHOT
                       13.2.6.2 Products/Solutions/Services offered
                                     TABLE 308 CARGILL, INCORPORATED: PRODUCTS OFFERED
                       13.2.6.3 Recent developments
                                   13.2.6.3.1 New product launches
                                                    TABLE 309 CARGILL, INCORPORATED: NEW PRODUCT LAUNCHES
                       13.2.6.4 MnM view
                                   13.2.6.4.1 Right to win
                                   13.2.6.4.2 Strategic choices
                                   13.2.6.4.3 Weaknesses and competitive threats
             13.2.7 DSM
                       13.2.7.1 Business overview
                                     TABLE 310 DSM: BUSINESS OVERVIEW
                                     FIGURE 62 DSM: COMPANY SNAPSHOT
                       13.2.7.2 Products/Solutions/Services offered
                                     TABLE 311 DSM: PRODUCTS OFFERED
                       13.2.7.3 Recent developments
                                   13.2.7.3.1 Deals
                                                    TABLE 312 DSM: DEALS
                       13.2.7.4 MnM view
             13.2.8 KERRY GROUP PLC
                       13.2.8.1 Business overview
                                     TABLE 313 KERRY GROUP PLC: BUSINESS OVERVIEW
                                     FIGURE 63 KERRY GROUP PLC: COMPANY SNAPSHOT
                       13.2.8.2 Products/Solutions/Services offered
                                     TABLE 314 KERRY GROUP PLC: PRODUCTS OFFERED
                       13.2.8.3 Recent developments
                                   13.2.8.3.1 Deals
                                                    TABLE 315 KERRY GROUP PLC: DEALS
                       13.2.8.4 Others
                                     TABLE 316 KERRY GROUP PLC: OTHERS
                       13.2.8.5 MnM view
             13.2.9 DΦHLER
                       13.2.9.1 Business overview
                                     TABLE 317 DΦHLER: BUSINESS OVERVIEW
                       13.2.9.2 Products/Solutions/Services offered
                                     TABLE 318 DΦHLER: PRODUCTS OFFERED
                       13.2.9.3 Recent developments
                                   13.2.9.3.1 Deals
                                                    TABLE 319 DΦHLER: DEALS
                       13.2.9.4 MnM view
               13.2.10 CARBERY GROUP
                          13.2.10.1 Business overview
                                          TABLE 320 CARBERY GROUP: BUSINESS OVERVIEW
                          13.2.10.2 Products/Solutions/Services offered
                                          TABLE 321 CARBERY GROUP: PRODUCTS OFFERED
                          13.2.10.3 Recent developments
                                       13.2.10.3.1 Deals
                                                          TABLE 322 CARBERY GROUP: DEALS
                          13.2.10.4 Others
                                          TABLE 323 CARBERY GROUP: OTHERS
                          13.2.10.5 MnM view
               13.2.11 SYNTHITE INDUSTRIES LTD
                          13.2.11.1 Business overview
                                          TABLE 324 SYNTHITE INDUSTRIES LTD: BUSINESS OVERVIEW
                          13.2.11.2 Products/Solutions/Services offered
                                          TABLE 325 SYNTHITE INDUSTRIES LTD: PRODUCTS OFFERED
                          13.2.11.3 Recent developments
                          13.2.11.4 MnM View
               13.2.12 INDESSO
                          13.2.12.1 Business overview
                                          TABLE 326 INDESSO: BUSINESS OVERVIEW
                          13.2.12.2 Products/Solutions/Services offered
                                          TABLE 327 INDESSO: PRODUCTS OFFERED
                          13.2.12.3 Recent developments
                                      13.2.12.3.1 Deals
                                                         TABLE 328 INDESSO: DEALS
                          13.2.12.4 Others
                                      TABLE 329 INDESSO: OTHERS
                          13.2.12.5 MnM View
               13.2.13 VIDYA HERBS
                         13.2.13.1 Business overview
                                         TABLE 330 VIDYA HERBS: BUSINESS OVERVIEW
                         13.2.13.2 Products/Solutions/Services offered
                                         TABLE 331 VIDYA HERBS: PRODUCTS OFFERED
                         13.2.13.3 Recent developments
                                     13.2.13.3.1 New product launches
                                                        TABLE 332 VIDYA HERBS: NEW PRODUCT LAUNCHES
                         13.2.13.4 MnM View
               13.2.14 KALSEC INC.
                         13.2.14.1 Business overview
                                         TABLE 333 KALSEC INC.: BUSINESS OVERVIEW
                         13.2.14.2 Products/Solutions/Services offered
                                         TABLE 334 KALSEC INC.: PRODUCTS OFFERED
                         13.2.14.3 Recent developments
                                      13.2.14.3.1 New product launches
                                                         TABLE 335 KALSEC INC.: NEW PRODUCT LAUNCHES
                                      13.2.14.3.2 Deals
                                                         TABLE 336 KALSEC INC.: DEALS
                         13.2.14.4 Others
                                        TABLE 337 KALSEC INC.: OTHERS
                         13.2.14.5 MnM View
               13.2.15 MARTINBAUER
                          13.2.15.1 Business overview
                                          TABLE 338 MARTINBAUER: BUSINESS OVERVIEW
                          13.2.15.2 Products/Solutions/Services offered
                                          TABLE 339 MARTINBAUER: PRODUCTS OFFERED
                          13.2.15.3 Recent developments
                                       13.2.15.3.1 Deals
                                                        TABLE 340 MARTINBAUER: DEALS
                          13.2.15.4 Others
                                          TABLE 341 MARTINBAUER: OTHERS
                          13.2.15.5 MnM View
               13.2.16 KANGCARE BIOINDUSTRY CO. LTD.
                          13.2.16.1 Business overview
                                          TABLE 342 KANGCARE BIOINDUSTRY CO. LTD.: BUSINESS OVERVIEW
                          13.2.16.2 Products/Solutions/Services offered
                                          TABLE 343 KANGCARE BIOINDUSTRY CO. LTD.: PRODUCTS OFFERED
                          13.2.16.3 Recent developments
                          13.2.16.4 MnM View
     13.3 OTHER PLAYERS (SMES/START-UPS)
             13.3.1 NATIVE EXTRACTS PTY LTD
                       13.3.1.1 Business overview
                                     TABLE 344 NATIVE EXTRACTS PTY LTD: BUSINESS OVERVIEW
                       13.3.1.2 Products/Solutions/Services offered
                                     TABLE 345 NATIVE EXTRACTS PTY LTD: PRODUCTS OFFERED
                       13.3.1.3 Recent developments
                                   13.3.1.3.1 New product launches
                                                    TABLE 346 NATIVE EXTRACTS PTY LTD: NEW PRODUCT LAUNCHES
                                   13.3.1.3.2 Deals
                                                    TABLE 347 NATIVE EXTRACTS PTY LTD: DEALS
                       13.3.1.4 MnM View
             13.3.2 ARJUNA NATURAL
                       13.3.2.1 Business overview
                                     TABLE 348 ARJUNA NATURAL: BUSINESS OVERVIEW
                       13.3.2.2 Products/Solutions/Services offered
                                     TABLE 349 ARJUNA NATURAL: PRODUCTS OFFERED
                       13.3.2.3 Recent developments
                                   13.3.2.3.1 New product launches
                                                    TABLE 350 ARJUNA NATURAL: NEW PRODUCT LAUNCHES
                       13.3.2.4 MnM View
             13.3.3 BLUE SKY BOTANICS
                       13.3.3.1 Business Overview
                                     TABLE 351 BLUE SKY BOTANICS: BUSINESS OVERVIEW
                       13.3.3.2 Products/Solutions/Services offered
                                     TABLE 352 BLUE SKY BOTANICS: PRODUCTS OFFERED
                       13.3.3.3 Recent developments
                       13.3.3.4 MNM view
             13.3.4 TOKIWA PHYTOCHEMICAL CO., LTD.
                       13.3.4.1 Business Overview
                                     TABLE 353 TOKIWA PHYTOCHEMICAL CO., LTD.: BUSINESS OVERVIEW
                       13.3.4.2 Products/Solutions/Services offered
                                     TABLE 354 TOKIWA PHYTOCHEMICAL CO., LTD.: PRODUCTS OFFERED
                       13.3.4.3 Recent developments
                       13.3.4.4 MnM view
             13.3.5 SHAANXI JIAHE PHYTOCHEM CO., LTD (JIAHERB, INC.)
                       13.3.5.1 Business Overview
                                     TABLE 355 SHAANXI JIAHE PHYTOCHEM CO., LTD (JIAHERB, INC.): BUSINESS OVERVIEW
                       13.3.5.2 Products/Solutions/Services offered
                                     TABLE 356 SHAANXI JIAHE PHYTOCHEM CO., LTD. (JIAHERB, INC.): PRODUCTS OFFERED
                       13.3.5.3 Recent developments
                       13.3.5.4 MnM view
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view
(Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
             13.3.6 ALCHEMY CHEMICALS
             13.3.7 PRINOVA GROUP LLC
             13.3.8 VITAL HERBS
             13.3.9 SYDLER INDIA PVT. LTD.
             13.3.10 PLANTNAT

14 ADJACENT & RELATED MARKETS (Page No. - 336)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 ESSENTIAL OIL MARKET
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
             14.3.3 ESSENTIAL OIL MARKET, BY TYPE
                       TABLE 357 ESSENTIAL OILS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 358 ESSENTIAL OILS MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 359 ESSENTIAL OILS MARKET, BY TYPE, 2017–2020 (KT)
                       TABLE 360 ESSENTIAL OILS MARKET, BY TYPE, 2021–2026 (KT)
             14.3.4 ESSENTIAL OIL MARKET, BY REGION
                       TABLE 361 ESSENTIAL OILS MARKET, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 362 ESSENTIAL OILS MARKET, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 363 ESSENTIAL OILS MARKET, BY REGION, 2017–2020 (KT)
                       TABLE 364 ESSENTIAL OILS MARKET, BY REGION, 2021–2026 (KT)
     14.4 BOTANICAL EXTRACTS MARKET
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
             14.4.3 BOTANICAL EXTRACTS MARKET, BY SOURCE
                       TABLE 365 BOTANICAL EXTRACTS MARKET, BY SOURCE, 2015–2022 (USD MILLION)
                       TABLE 366 BOTANICAL EXTRACTS MARKET, BY SOURCE, 2015–2022 (TONS)
             14.4.4 BOTANICAL EXTRACTS MARKET, BY REGION
                       TABLE 367 BOTANICAL EXTRACTS MARKET, BY REGION, 2015–2022 (USD MILLION)
                       TABLE 368 BOTANICAL EXTRACTS MARKET, BY REGION, 2015–2022 (TONS)

15 APPENDIX (Page No. - 346)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

This research involves the extensive use of secondary sources; directories; and databases, such as the Food and Drug Administration (FDA), Herb Society of America, American Herbal Products Association, American Spice Trade Association, Essential Oils Association of India, Bloomberg, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the plant extracts market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the Food and Drug Administration (FDA), European Spices Association, Spices Board, European Flavors & Fragrances Association, The International Federation of Essential Oils and Aroma Trades, were referred to identify and collect information for this study. The secondary sources also include medical journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Secondary research was conducted to obtain critical information about the industry’s supply chain, the total pool of key players, and market classification and segmentation according to the industry trends to the bottom-most level and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The plant extracts market comprises several stakeholders, including fruits & vegetables, and spices & herbs suppliers, ingredient suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply-side include research institutions involved in R&D to introduce technology, distributors, wholesalers, importers & exporters of spices and herbs, plant extract manufacturers and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs of food & beverage product, cosmetics, dietary supplements, and pharmaceuticals manufacturing companies, through questionnaires, emails, and telephonic interviews.

Plant Extracts Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the plant extracts market. These approaches were extensively used to determine the size of the subsegments in the market. The research methodology used to estimate the market size includes the following details:

Top-down approach:

  • The key industry and market players were identified through extensive secondary research.
  • The industry's supply chain and market size were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • The peer market—the essential oils and botanical extracts market—was considered to validate further the market details of plant extracts.

Bottom-up approach:

  • The market size was analyzed based on the share of each type of plant extract at regional and country levels. Thus, the global market was estimated with a bottom-up approach of the type at the country level.
  • Other factors include the penetration rate of plant extracts in distinguished application sectors, such as food & beverages, dietary supplements, pharmaceuticals, cosmetics; consumer awareness; and function trends; pricing trends; the adoption rate and price factors; patents registered; and organic and inorganic growth attempts.
    • All macroeconomic and microeconomic factors affecting the plant extracts market were considered while estimating the market size.
    • All parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall plant extracts market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying numerous factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for plant extracts market based on product type, application, form, source, and region
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market and its submarkets, in terms of value with respect to the regions (along with the key countries)
  • To strategically profile the key players and comprehensively analyze their market position and core competencies
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in plant extracts market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the South America plant extracts market, by key country
  • Further breakdown of the Rest of Europe plant extracts market, by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Plant Extracts Market Size,  Share & Growth Report
Report Code
FB 1399
Published ON
Sep, 2022
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