Plant Extracts Market Key Drivers, Restraint & Challenges:
A plant extract is a plant substance or an active ingredient with desirable properties, this extract is removed from the plant tissues, usually by treating it with a solvent, to be used for a particular purpose roots, bulbs, berries, fruits, seeds, leaves, and stems are among the major sources of plant extracts. Aloe vera extracts, citrus fruits extracts, herbal extracts, flower extracts, and other plant extracts have been widely used in herbal medicines, food & beverage additives, functional food & beverages, and cosmetics, among other application areas.
Key Restraint & Challenges:
Types of plant extracts :
Plant extracts that are derived from different parts of the plant are used in various food and non-food applications due to their aromatic, antimicrobial, and medicinal properties. The different types of plant extracts include essential oils, spice extracts, phytomedicines, herbal extracts, and flavors & fragrances. Regular consumption of these extracts reduces the risk of several chronic diseases such as cardiovascular diseases, cancer, diabetes.
Top 10 players in Plant Extracts industry:
The competitive landscape provides an overview of the relative market position of the key players operating in the plant extracts market, based on the strength of their project offerings and business strategies, analyzed based on a proprietary model. Key players in the market have majorly adopted strategies such as new product launches, agreements, collaborations, and joint ventures, expansions, and acquisitions. Some of the major players in the market are:
[177 Pages Report] According to MarketsandMarkets analysis, the plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The rising awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts have significantly fueled the market for plant extracts. Further, due to the growth in R&D activities in plant extracts market and increase in popularity of convenience foods, there has been a growing need for plant extracts in food & beverage industry.
The pharmaceuticals & dietary supplements segment is expected to be the largest application segment of the plant extracts market. This can be attributed to increasing consumer awareness about the benefits of herbal medicines over allopathic medicines. Further, as a result of the growing incidents of illnesses due to stressful and busy lifestyles, consumers are demanding functional food & supplements for regular consumption. Some of these supplements include phytomedicines and herbal extracts, which are composed of naturally occurring components; they are scientifically demonstrated to promote positive effects on the target functions beyond basic nutrition. Further, many governments are highly promoting the use of herbal extracts for medication instead of synthetic ones, which is also driving the segments growth.
The demand for phytomedicines & herbal extracts is increasing significantly in various applications, including skincare, health care, functional food, nutraceuticals, and cosmetics, due to the growing awareness of its health benefits among consumers. Also, improper use of antibiotics causes certain bacteria strains to develop resistance, which further leads to fatal consequences. These instances have encouraged the demand for plant-based medicines and supplements. Herbal medicines are witnessing an increasing preference as they mainly protect from several infections and are considered better alternatives for existing and emerging antimicrobial drug-resistant (ADR) pathogens.
Leaves and herbs are used since ancient times to manufacture herbal medicines. However, they are now gaining tremendous popularity due to the changing consumer trend of using natural products rather than synthetic ones. The leaves of many plants, including rosemary, aloe vera, basil, thyme, clove leaves are highly rich in antioxidants and also offer anti-microbial properties. This has led to their extensive usage in the cosmetics, pharmaceutical, and personal care industries.
Due to high Vitamin A, Vitamin K, Vitamin C, magnesium, iron, potassium, and calcium content, basil extracts are used extensively in food & beverage applications. Similarly, mint extracts have broad applications in personal care and pharmaceutical products, as they generally help in treating allergies, fighting bowel infections, and treating the common cold. Apart from these, many other leaves and herb extracts are gaining popularity across many industrial verticals according to the properties they offer.
In 2018, Asia Pacific constituted a market share of 56.5% within the plant extracts market. The market for plant extracts in the region is thriving due to strong local and international demand. The Asian countries such as China and India have a sizeable tropical area, having diverse medicinal and herbal plants. This allows small and medium-sized manufacturers of plant extracts, to have efficient processing of plant extracts as they are aware of the benefits offered by them, owing to the rich history of producing medicinal plants with advanced technology. 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 plant extract-based products.
The key players profiled in the plant extracts market include Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Dφhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India). These companies are focusing on strategies such as new product launches, expansions & investments, acquisitions, and agreements & partnerships to expand their operations across the globe.
Report Metric |
Details |
Market Size for available years |
2017-2025 |
Base year considered |
2018 |
Forecast period |
2019-2025 |
Forecast units |
Value (USD) |
Segments covered |
Type, Application, Source, and Region |
Geographies covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Companies covered |
Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Dφhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India). |
This research report categorizes the market based on type, application, source, and region.
The latest developments in the plant extracts market includes the following from the top players studies in the report
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Segmentation
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
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 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Market Breakdown and Data Triangulation
2.3 Research Assumptions & Limitations
2.3.1 Assumptions
2.3.2 Limitations
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 36)
4.1 Opportunities in the Plant Extracts Market
4.2 Plant Extracts Market: Key Countries/Regions
4.3 Market, By Type and Region, 2018
4.4 Market, By Application and Region, 2019 vs. 2025
4.5 Asia Pacific: Plant Extracts Market, By Type and Country, 2018
4.6 Market, By Source, 2019 vs. 2025
5 Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Awareness Regarding the Side-Effects of Synthetic Flavors
5.2.1.1.1 Rise in Demand for Clean Label Products and Naturally Sourced Ingredients
5.2.1.2 Growth in R&D Activities
5.2.1.3 Increase in Popularity of Convenience Foods is Boosting the Demand for Plant Extracts
5.2.1.4 Health Benefits Offered By Phytomedicines and Herbal Extracts
5.2.2 Restraints
5.2.2.1 Inadequate Supply of Raw Materials and Price Fluctuation
5.2.3 Opportunities
5.2.3.1 New Revenue-Generating Pockets Emerging Through Natural Sweeteners Category
5.2.3.2 Identification of New Herbs and Spices in Accordance With Changing Consumer Preferences and Tastes
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Advantages Offered By Plant Extracts in Developing Countries
5.2.4.2 Availability of Substitutes and Adulterated Products
5.3 Supply Chain Analysis
6 Plant Extracts Market, By Type (Page No. - 49)
6.1 Introduction
6.2 Phytomedicines & Herbal Extracts
6.2.1 Growth of the Pharmaceutical Industry and Healthy Eating Trends Propelling the Market
6.3 Essential Oils
6.3.1 Increase in Premium Lifestyle in Developing Countries Boosting Growth
6.4 Spices
6.4.1 Use of Spices for Extending the Shelf-Life of Products in the Food Industry
6.5 Flavors & Fragrances
6.5.1 Increasing Inclination of Consumers Toward Natural Products Thriving Growth
7 Plant Extracts Market, By Application (Page No. - 57)
7.1 Introduction
7.2 Pharmaceuticals & Dietary Supplements
7.2.1 Pharmaceuticals & Dietary Supplements Offering General Health Benefits
7.3 Food & Beverages
7.3.1 Rise in Consumption of Health Drinks and Increasing Demand for Healthy, Convenience Food to Boost Market Growth
7.4 Cosmetics
7.4.1 Adoption of Herbal Remedies in Cosmetics Witnessing Substantial Growth
7.5 Others
7.5.1 Rising Inclination Toward Plant-Derived Products in Personal Care, Due to their Antimicrobial Efficacy, to Drive the Market
8 Plant Extracts Market, By Source (Page No. - 65)
8.1 Introduction
8.2 Fruits, Flowers, and Bulbs
8.2.1 The Growing Use of Plant Extracts By the Cosmetics & Personal Care Industry Creates the Demand for Extracts From Fruits and Flowers
8.3 Leaves
8.3.1 Increasing Demand for Phytomedicines to Drive the Demand for Extracts From Leaves
8.4 Rhizomes & Roots
8.4.1 Curcumin Extracts: the Most Important Rhizome-Derived Extracts Offering Multiple Functionalities
8.5 Barks & Stems
8.5.1 High Secondary Metabolites Content in Medicinal Barks to Drive the Market for Extracts From Barks & Stems
8.6 Others
8.6.1 The Multifunctionality of Berries Creates Demand for their Extracts for the Food & Beverage and Cosmetics Industries
9 Plant Extracts Market, By Region (Page No. - 75)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Growth in Demand for Organic Products in the Food, Cosmetics, and Pharma Industries
9.2.2 Mexico
9.2.2.1 Increase in Adoption of Herbal Products With Antimicrobial Efficacy
9.2.3 Canada
9.2.3.1 Rise in Concern Over the Potential Side Effects of Over-the-Counter (OTC) Products to Stimulate the Plant Extracts Market Growth
9.3 Europe
9.3.1 Germany
9.3.1.1 Large Production and Consumption of Essential Oils in the Country to Drive the Market Growth of Plant Extracts
9.3.2 France
9.3.2.1 High Availability of Medicinal Aromatic Plants (Maps) in the Country to Drive the Market
9.3.3 UK
9.3.3.1 UKs Health Industry, as Well as the Essential Oils Segment, Drive the Plant Extracts Market Growth
9.3.4 Italy
9.3.4.1 The Growing Food & Beverage Industry Creates Demand for Spice Extracts Within the Country
9.3.5 Spain
9.3.5.1 Spanish Pharmaceutical Industry to Drive the Plant Extracts Market Growth
9.3.6 Russia
9.3.6.1 Rising Demand for Herbal Extracts in Russia to Drive the European Plant Extracts Market
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Increase in Demand for Chinese Plant Extracts From International Market
9.4.2 India
9.4.2.1 Rich Medicinal Plant Heritage and Technological Advancements Driving the Market
9.4.3 Japan
9.4.3.1 Increase in the Aging Population in Developed Countries to Stimulate Market Growth
9.4.4 Australia & New Zealand
9.4.4.1 Government Support Toward Plant Extract Manufacturers Aiding Market Growth
9.4.5 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 South America
9.5.1.1 Rise in Demand for Organic Products in the Food, Cosmetics, and Pharma Industries
9.5.2 Middle East & Africa
9.5.2.1 Growth in Import Demands of Plant Extracts From North America
10 Competitive Landscape (Page No. - 109)
10.1 Overview
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competetive Leadership Mapping (SME)
10.5.1 Progressive Companies
10.5.2 Starting Blocks
10.5.3 Responsive Companies
10.5.4 Dynamic Companies
10.6 Strength of Product Portfolio
10.7 Business Strategy Excellence
10.8 Competitive Scenario
10.8.1 New Product Launches
10.8.2 Expansions & Investments
10.8.3 Acquisitions
10.8.4 Agreements & Partnerships
11 Company Profiles (Page No. - 123)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis and MnM View; Please Note In-Depth Coverage in Various Sections is Subjected to Data Availability)
The Companies are Listed in No Particular Order, But as A Representation of the Markets Ecosystem.
11.1 Givaudan
11.2 International Flavors & Fragrances, Inc. (IFF)
11.3 Sensient Technologies
11.4 Symrise AG
11.5 Dφhler
11.6 Synthite Industries Private Ltd.
11.7 PT. Indesso Aroma
11.8 PT. Haldin Pacific Semesta
11.9 Vidya Herbs Private Limited
11.10 Arjuna Natural Extracts Ltd.
11.11 Martin Bauer Group
11.12 Kangcare Bioindustry Co., Ltd.
11.13 Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.)
11.14 Tokiwa Phytochemical Co., Ltd.
11.15 Native Extracts Pty. Ltd.
12 Appendix (Page No. - 169)
12.1 Knowledge Store: Marketsandmarkets Subscription Portal
12.2 Available Customizations
12.3 Related Reports
12.4 Author Details
List of Tables (90 Tables)
Table 1 USD Exchange Rate, 20142018
Table 2 Plant Extracts Market Snapshot, 2019 vs. 2025
Table 3 Market Size, By Type, 20172025 (USD Billion)
Table 4 Market Size, By Type, 20172025 (Kt)
Table 5 Phytomedicines & Herbal Extracts Market Size, By Region, 20172025 (USD Billion)
Table 6 Phytomedicines & Herbal Extracts Market Size, By Region, 20172025 (Kt)
Table 7 Essential Oils Market Size, By Region, 20172025 (USD Million)
Table 8 Essential Oils Market Size, By Region, 20172025 (Kt)
Table 9 Spices Market Size, By Region, 20172025 (USD Million)
Table 10 Spices Market Size, By Region, 20172025 (Kt)
Table 11 Flavors & Fragrances Market Size, By Region, 20172025 (USD Million)
Table 12 Flavors & Fragrances Market Size, By Region, 20172025 (Kt)
Table 13 Plant Extracts Market Size, By Application, 20172025 (USD Billion)
Table 14 Market Size, By Application, 20172025 (Kt)
Table 15 Pharmaceuticals & Dietary Supplements: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 16 Pharmaceuticals & Dietary Supplements: Market Size, By Region, 20172025 (Kt)
Table 17 Food & Beverages: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 18 Food & Beverages: xtracts Market Size, By Region, 20172025 (Kt)
Table 19 Cosmetics: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 20 Cosmetics: Market Size, By Region, 20172025 (Kt)
Table 21 Others: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 22 Others: Market Size, By Region, 20172025 (Kt)
Table 23 Important Sources of Plant Extracts
Table 24 Plant Extracts Market Size, By Source, 20172025 (USD Million)
Table 25 Market Size, By Source, 20172025 (Kt)
Table 26 Fruits, Flowers, and Bulbs: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 27 Fruits, Flowers, and Bulbs: Market Size, By Region, 20172025 (Kt)
Table 28 Leaves: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 29 Leaves: Market Size, By Region, 20172025 (Kt)
Table 30 Rhizomes & Roots: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 31 Rhizomes & Roots: Market Size, By Region, 20172025 (Kt)
Table 32 Barks & Stems: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 33 Barks & Stems: Market Size, By Region, 20172025 (Kt)
Table 34 Others: Plant Extracts Market Size, By Region, 20172025 (USD Million)
Table 35 Others: Market Size, By Region, 20172025 (Kt)
Table 36 Plant Extracts Market Size, By Region, 20172025 (USD Billion)
Table 37 Market Size, By Region, 20172025 (Kt)
Table 38 North America: Plant Extracts Market Size, By Country, 20172025 (USD Million)
Table 39 North America: Market Size, By Country, 20172025 (Kt)
Table 40 North America: Market Size, By Type, 20172025 (USD Million)
Table 41 North America: Market Size, By Type, 20172025 (Kt)
Table 42 North America: Market Size, By Application, 20172025 (USD Million)
Table 43 North America: Market Size, By Application, 20172025 (Kt)
Table 44 North America: Market Size, By Source, 20172025 (USD Million)
Table 45 North America: Market Size, By Source, 20172025 (Kt)
Table 46 US: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 47 Mexico: Market Size, By Type, 20172025 (USD Million)
Table 48 Canada: Market Size, By Type, 20172025 (USD Million)
Table 49 Europe: Plant Extracts Market Size, By Country, 20172025 (USD Million)
Table 50 Europe: Market Size, By Country, 20172025 (Kt)
Table 51 Europe: Market Size, By Type, 20172025 (USD Million)
Table 52 Europe: Market Size, By Type, 20172025 (Kt)
Table 53 Europe: Market Size, By Application, 20172025 (USD Million)
Table 54 Europe: Market Size, By Application, 20172025 (Kt)
Table 55 Europe: Market Size, By Source, 20172025 (USD Million)
Table 56 Europe: Market Size, By Source, 20172025 (Kt)
Table 57 Germany: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 58 France: Market Size, By Type, 20172025 (USD Million)
Table 59 UK: Market Size, By Type, 20172025 (USD Million)
Table 60 Italy: Market Size, By Type, 20172025 (USD Million)
Table 61 Spain: Market Size, By Type, 20172025 (USD Million)
Table 62 Russia: Market Size, By Type, 20172025 (USD Million)
Table 63 Rest of Europe: Market Size, By Type, 20172025 (USD Million)
Table 64 Asia Pacific: Plant Extracts Market Size, By Country, 20172025 (USD Million)
Table 65 Asia Pacific: Market Size, By Country, 20172025 (Kt)
Table 66 Asia Pacific: Market Size, By Type, 20172025 (USD Billion)
Table 67 Asia Pacific: Market Size, By Type, 20172025 (Kt)
Table 68 Asia Pacific: Market Size, By Application, 20172025 (USD Million)
Table 69 Asia Pacific: Market Size, By Application, 20172025 (Kt)
Table 70 Asia Pacific: Market Size, By Source, 20172025 (USD Million)
Table 71 Asia Pacific: Market Size, By Source, 20172025 (Kt)
Table 72 China: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 73 India: Market Size, By Type, 20172025 (USD Million)
Table 74 Japan: Market Size, By Type, 20172025 (USD Million)
Table 75 Australia & New Zealand: Market Size, By Type, 20172025 (USD Million)
Table 76 Rest of Asia Pacific: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 77 RoW: Plant Extracts Market Size, By Region, 20172025 (USD Billion)
Table 78 RoW: Market Size, By Region, 20172025 (Kt)
Table 79 RoW: Market Size, By Type, 20172025 (USD Million)
Table 80 RoW: Market Size, By Type, 20172025 (Kt)
Table 81 RoW: Market Size, By Application, 20172025 (USD Million)
Table 82 RoW: Market Size, By Application, 20172025 (Kt)
Table 83 RoW: Market Size, By Source, 20172025 (USD Million)
Table 84 RoW: Market Size, By Source, 20172025 (Kt)
Table 85 South America: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 86 Middle East & Africa: Plant Extracts Market Size, By Type, 20172025 (USD Million)
Table 87 New Product Launches, 2014-2019
Table 88 Expansions & Investments, 2014-2019
Table 89 Acquisitions, 2014-2019
Table 90 Agreements & Partnerships, 2014-2019
List of Figures (34 Figures)
Figure 1 Plant Extracts Market Snapshot
Figure 2 Market, By Region
Figure 3 Plant Extracts Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Plant Extracts Market Size, By Type, 2019 vs. 2025 (USD Billion)
Figure 9 Market Size, By Application, 2019 vs. 2025 (USD Billion)
Figure 10 Plant Extracts Market Size, By Source, 2019 vs. 2025 (USD Billion)
Figure 11 Plant Extracts Market Share & Growth (Value), By Region
Figure 12 Rise in Awareness of the Side-Effects of Synthetic Flavors and Growing R&D Activities for Natural Extracts as Ingredients Drive the Market for Plant Extracts
Figure 13 China to Record the Fastest Growth During the Forecast Period
Figure 14 The Phytomedicines & Herbal Extracts Segment Dominated the Global Plant Extracts Market, By Type, in 2018
Figure 15 Asia Pacific to Dominate the Plant Extracts Market, By Application, Throughout 2025
Figure 16 China Accounted for the Largest Share in 2018
Figure 17 The Fruits, Flowers, and Bulbs Segment to Account for the Largest Share in the Plant Extracts Market Throughout 2025
Figure 18 Plant Extracts Market: Market Dynamics
Figure 19 Market: Supply Chain Analysis
Figure 20 Market Size, By Application, 2019 vs. 2025 (USD Billion)
Figure 21 Market Size, By Source, 2019 Vs.2025 (USD Billion)
Figure 22 Regional Snapshot: China Held the Largest Share in the Plant Extracts Market, 2018
Figure 23 Europe: Plant Extracts Market Snapshot
Figure 24 Asia Pacific: Market, 2018
Figure 25 Global Plant Extracts Market: Competitive Leadership Mapping, 2018
Figure 26 Plant Extracts Market: SME Competitive Leadership Mapping, 2018
Figure 27 Givaudan: Company Snapshot
Figure 28 Givaudan: SWOT Analysis
Figure 29 International Flavors & Fragrances, Inc. (IFF): Company Snapshot
Figure 30 International Flavors & Fragrances, Inc.: SWOT Analysis
Figure 31 Sensient Technologies: Company Snapshot
Figure 32 Sensient Technologies: SWOT Analysis
Figure 33 Symrise AG: Company Snapshot
Figure 34 Symrise AG: SWOT Analysis
The study involves four major activities to estimate the current market size for plant extracts. Exhaustive secondary research was done to collect information on the market, the peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
In the secondary research process, various sources were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, gold & silver standard websites; plant extracts manufacturing companies, regulatory bodies, trade directories, and databases.
The plant extracts market comprises several stakeholders such as equipment suppliers, producers, end-use industries, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of food and beverage products processors, importers/exporters, and research institutions. The supply side is characterized by the presence of key plant extracts manufacturers, suppliers, distributors, researchers, and service providers. Various primary sources from the supply and demand sides of both markets have been interviewed to obtain qualitative and quantitative information.
Following are the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the plant extracts market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Also, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adoptedtop-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points matches, the data is assumed to be correct.
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the report:
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