Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Spices, Essential Oils, Flavors & fragrances), Application (Pharmaceutical & Dietary Supplements, Food & beverages, cosmetics), Sources, and Region - Forecast to 2026
[254 Pages Report] The global plant extracts market is estimated at USD 30.8 billion in 2021 and is projected to reach USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. The increase in number of health conscious people and also the rising vegan trends are the major factors driving the plant extracts market. According to the United Nations (UN), as of 2021, the global vegan population accounted for approximately 79 million. This huge number is attributable to the rise in awareness related to the health benefits associated with the consumption of plant-based food products among the target consumers. With the changing consumer perceptions related to plant-based food products, some of the key food & beverages manufacturers strategize on including plant ingredients into their marquee final products. This, in turn, triggers the demand for plant extract products among manufacturers. Herbal extracts, Essential Oils, and flavors are the key types of plant extracts that are gaining a higher level of traction in the global market.
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COVID-19 impact on the plant extracts market
The novel coronavirus/COVID-19 pandemic had significantly impacted almost all industries across the globe. This pandemic has resulted in mass production shutdowns and supply chain disruptions, which has also affected the economy as well.
This disease has a variable impact in different countries depending on their cultural norms, mitigation efforts, and health infrastructure, and each country is working its way out to fight against the pandemic. However, there are various research studies stating the use of medicinal plant extracts against coronavirus. Researchers are working on various medicinal plant extracts to fight COVID-19
In the current scenario, it has become important to boost the immunity to fight coronavirus, along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by World Health Organization (WHO) in its COVID-19 analysis suggest the world population consumes immunity-boosting foods. Hence, the demand for medicinal plant extracts carrying properties of boosting human immunity is at the surge in the pharmaceuticals & nutraceuticals industry.
The worldwide lockdown, however, has also affected farming practices, which has highly impacted the supply of raw materials of medicinal plant extracts. The COVID-19 impact on logistics also contributes to the increased prices of raw materials, which boosts the cost for medicinal plant extracts manufacturers. With barriers to cross-border transportation of commodities in this pandemic situation, manufacturers are highly dependent on local raw material suppliers, which increases the bargaining power of suppliers. Hence, the increased raw material prices, followed by high demand for medicinal plant extracts, would lead to an increased price of medicinal plant extracts for the next few years.
Global Plant Extracts Market dynamics
Drivers: Adverse side-effects of synthetic flavors led to an increase in demand for natural favors
Food flavorings do not add nutritional value to food products and may sometimes be harmful in nature. Nowadays, increasing attention is being paid to food additives used, with the growing concerns related to their safety and potential health risks. Consumers are becoming increasingly aware of the adverse effects of consuming food & beverages containing synthetic ingredients. Several health organizations and food safety associations are prohibiting the usage of various artificial flavorings in food & beverages. For instance, on October 5th, 2018, the US Food and Drug Administration (FDA) banned seven synthetic flavorings that are associated with cancer. FDA stated to use the naturally extracted counterparts of the banned flavors as they are a safer option. Previously, FDA banned eight synthetic flavorings, which were found in ice creams, baked goods, candy, and beverages. These substances used in flavorings had been known to cause cancer in humans.
Restraints: Inadequate supply of raw materials and price fluctuation
Most of the herbaceous plants with functional properties are available in Asian countries. China and India are home to a majority of such plant species. India constitutes approximately 25,000 plants of medicinal value and is known as the Botanical Garden of the World. Since these plants are majorly produced in only a few countries, the supply of such a wild variety of plants to other developed countries is limited. Various spices and herbs are available in specific seasons and are harvested annually. The continuity in the supply of raw materials is one of the major problems faced by the plant extracts market. The prices of herbs and spices may vary on the basis of availability and season. High storage costs are involved in maintaining the stock throughout the year. Owing to seasonal availability, prices of the raw materials also fluctuate a lot, which makes it difficult to standardize prices of end products.
Opportunities: Identification of new herbs and spices in accordance with changing consumer preferences and tastes
To create awareness among consumers related to the benefits offered by natural ingredients and extracts, governments of various countries have started taking initiatives and are investing in R&D. Several companies are also investing in R&D to innovate and come up with new herbs and spices to meet consumer preferences. The development of new plant-based flavors & fragrances favored by consumers poses new opportunity areas for plant extract manufacturers. 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. 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.
Challenges: Similar products led to intense competition and product rivalry
The market for plant extracts is highly fragmented, comprising a significant number of leading and small players. A majority of the players in the market are located in Asia Pacific and offer a variety of products. With the increase in the demand for natural, clean labeled food and cosmetic products, key players in the market are focusing on R&D investments to launch plant extracts that would cater to the requirements of food & beverage, pharmaceuticals, and cosmetic industries across the world to produce extracts according to the customer needs. The high demand for plant extracts has also contributed to the growth of distributors in the market that cater to consumer demands from niche markets.
Market Ecosystem
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The phytomedicines & herbal extracts segment of the plant extracts market is projected to account for the largest share, by type
The phytomedicines & herbal extracts segment is projected to holds the largest share in the plant extracts market during the forecast period. This growth is because of the increasing preference for herbal medicines. The excessive use of synthetic antibiotics has resulted in microorganisms developing resistance to them. Continuous intake of synthetic drugs has several side effects, such as hallucinations, racing heartbeat, and hypertension. These ill-effects of synthetic drugs can be overcome with the consumption of its counterpart, phytomedicines.
The market for pharmaceutical & dietary supplements in the plant extracts market is projected to account for the largest share during the forecast period
The Pharmaceuticals & dietary supplements segment is projected to dominate the market by application. This growth can be attributed to the increasing awareness of people related to bacterial resistance toward allopathic medicines. As a result of the increasing incidents of illnesses due to stressful and busy lifestyles, consumers are demanding functional food and 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.
The fruits flowers and bulbs holds the largest share, by the source of plant extracts market, across the globe
The fruits, flowers, and bulbs segment is projected to hold the largest market share during the forecast period. All of these sources are used in diverse applications, including herbal extracts, flavors and fragrances, aromatherapy, personal care, and toiletries. Owing to multiple functionalities and the presence of several phytochemicals, these parts of the plants are majorly used for extraction and are in high demand from various industries. In the food & beverages application, flowers and fruits are generally used to provide flavors and aroma. Essential Oils from flowers, when incorporated into finished products impart various benefits, such as a pleasant aroma in perfumery, shine or conditioning effects in hair care products, and improving the elasticity of the skin.
North America is the fastest-growing market during the forecast period in the plant extracts market
The North American countries such as the US is one of the leading importers of plant extracts from Asian countries such as China and India due to the consumption of healthy foods by a majority of its population. It is projected to grow well in terms of plant extract production. This is further expected to be driven by the development of new plant-based pharmaceuticals and the rise in the beverage industry, where consumer preferences continue to shift away from carbonated soft drinks toward alternative beverages with natural flavor loadings. The growth in the industrial consumption of plant extracts is largely driven by an increase in consumer demand for fortified food & beverage products, dietary supplements, and personal care products, which impart health benefits and aid in dealing with the rising healthcare costs; the concept of healthy aging and the rising trend of health-conscious diets are also driving this market. The other factors driving the use of plant extracts in food & beverage products consumed in the US include the rise in the number of cases of osteoporosis, obesity, cardiovascular, and other diseases caused by the deficiency of essential micronutrients or due to the inclusion of synthetic products in diets.
Key Market Players
Key players in this market include Symrise AG (Germany), Sensient Technologies Corporation (US), International Flavors & Fragrance Inc. (US), Givaudan (Switzerland), Dohler (Germany), Synergy Flavors (US), Synthite Industries Private LTD, PT Indesso Aroma (Indonesia), Vidya Herbs Private Ltd. (India), Nutra Green Biotechnology Co. Ltd. (China), Kalsec Inc. (US), Martin Bauer Group (Germany), Kangcare Bioindustry Co. Ltd. (China), Blue Sky Botanic Ltd (UK), Shaanxi Jiahe Pyhtochem Co. Ltd. (China), Tokiwa Phytochemical Co. Ltd. (China), Native Extract Pty Ltd. (Australia), Ransom Natural Ltd (UK), Prinova Group LLC (US), and Arjuna Naturals Extract Ltd. (India).
Scope of Market
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|
Details |
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Market size available for years |
20192026 |
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Base year considered |
2020 |
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Forecast period |
20212026 |
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Forecast units |
Value (USD Million) and Volume (Thousand Units) |
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Segments covered |
By type, By application, By source, by Region |
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Geographies covered |
Asia Pacific, Europe, North America, RoW |
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Companies covered |
The major market players include Givaudan (Switzerland), Sensient Technologies Corporation (US), International Flavors & Fragrances, Inc (US), Kangcare Bioindustry Co., Ltd. (China), Synthite Industries Private Ltd. (India), and PT. Indesso Aroma (Indonesia). |
The study categorizes the plant extracts market based on type, applications, form component at the regional and global levels.
By Type
- Phytomedicines & herbal extracts
- Essential oils
- Spices
- Flavors & fragrances
By application
- Pharmaceutical & dietary supplements
- Food & beverage
- Cosmetics
- Others
By sources
- Fruits, flowers and bulbs
- Leaves
- Barks & stems
- Rhizomes & roots
- Others
By Region
- North America
- Europe
- Asia Pacific
- Row
Recent Developments
- In October 2020, Givaudan opened its newest state-of-the-art fragrance production facility in Changzhou, China. In line with the recently announced 2025 strategy Committed to Growth, with Purpose China remains a key growth market for innovative and consumer-preferred fragranced products.
- In June 2019, Diana Food, a subsidiary of Symrise, opened a new R&D laboratory in Quιbec, supporting a nearby facility where Diana produces nutritional ingredients for use in a range of health solutions. The scientists working here would extract polyphenols from locally sourced materials, such as cranberries and blueberries, and explore their applications in health offerings, such as dietary supplements.
- In May 2018, Synergy Flavors, one of the leading suppliers of flavors, extracts, and essences for the global food & beverage industry, recently announced its acquisition of Janouek (Italy), one of the worlds first suppliers of herbal extracts and natural flavoring and an expert in Italian flavor profiles. The acquisition of Janouek will enable Synergy Flavors to expand into these European geographies and provide its expertise in areas such as nutrition and dairy.
- In September 2020, Symrise launched SymControl Scalp, which normalizes the sebum production on the scalp and promotes healthy hair. To solve the issue of sebum overproduction at its source, Tetraselmis Suecica extract has been selected as highly effective in reducing sebum levels. Combined with the naturally occurring Mannitol, the algae can also protect the scalp and hair from environmental stress.
Frequently Asked Questions (FAQ):
What is the current size of the global plant extracts market?
The global plant extracts market was valued at USD 30.76 billion in 2021 and is projected to reach USD 55.26 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.
What are the growth opportunities in the plant extracts market?
One of the biggest opportunities is the growth of the vegan population. Consumers are encouraged to shift to veganism and vegetarianism due to factors such as animal welfare, environment, and personal health. The largest market for plant-based foods includes plant-based milk and plant-based meat. This trend is expected to boost the demand for various plant extracts in the food & beverage industry as plant extracts can be used to increase the flavor and nutritional value of products.
What are the major and new product launches in the plant extracts ingredients market?
In March 2020, Givaudan Active Beauty is thrilled to launch its new breakthrough innovation called Synchronight, an active cosmetic ingredient made from gardenia fruit extract designed to protect the skin from digital stress.
What are some of the major regulatory challenges and restraints that the industry faces?
Various plant extracts are a mixture of several plant compounds and are subjected to rigorous health and safety checks based on governmental regulations in different countries. Several studies have been conducted by regulatory bodies to assess the impact of these products on human health. Based on their results, products are classified, and Daily Intake Allowance (DIA) has been set. International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), U.S. Food and Drug Administration (FDA), World Health Organization (WHO), and Committee on the Environment, Public Health and Food Safety (EU) are associated with food safety regulations. These organizations have control over the usage of different chemicals and materials used in food processing, directly or indirectly.
Which region is projected to emerge as a global leader by 2026?
The market for plant extracts in North America is projected to witness the highest growth rate during the review period. This is attributed to the increasing focuses on investing more in research programs, with an aim to introduce new ingredients to address the diversified demand for varied applications and potential customers in the region. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 24)
1.1 OBJECTIVE OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION: PLANT EXTRACTS MARKET
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 GEOGRAPHIC SCOPE
1.4 PERIODIZATION CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 29)
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 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.2.2 Primary Insights
FIGURE 4 PRIMARY INSIGHTS
2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.1 SUPPLY SIDE
FIGURE 7 PLANT EXTRACTS MARKET: SUPPLY SIDE ANALYSIS
2.2.2 DEMAND SIDE
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS & RISK ASSESSMENT
2.5 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
2.5.1 SCENARIO-BASED MODELLING
2.6 COVID-19 HEALTH ASSESSMENT
FIGURE 9 COVID-19: GLOBAL PROPAGATION
FIGURE 10 COVID-19 PROPAGATION: SELECT COUNTRIES
2.7 COVID-19 ECONOMIC ASSESSMENT
FIGURE 11 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
2.7.1 COVID-19 ECONOMIC IMPACTSCENARIO ASSESSMENT
FIGURE 12 CRITERIA IMPACTING THE GLOBAL ECONOMY
FIGURE 13 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
3 EXECUTIVE SUMMARY (Page No. - 44)
FIGURE 14 PLANT EXTRACTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 15 MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 16 MARKET SIZE, BY SOURCE, 2021 VS. 2026 (USD MILLION)
FIGURE 17 MARKET SHARE, BY REGION, 2020
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 OPPORTUNITIES IN THE PLANT EXTRACTS MARKET
FIGURE 18 GROWING DEMAND FOR NATURAL INGREDIENTS DUE TO THE INCREASING CONSUMER AWARENESS TO DRIVE THE GROWTH OF THE PLANT EXTRACTS MARKET
4.2 MARKET, BY TYPE, 2021 VS 2026
FIGURE 19 PHYTOMEDICINES & HERBAL EXTRACTS SEGMENT ACCOUNTS TO THE LARGEST VALUE SHARE (USD MILLION)
4.3 MARKET, BY APPLICATION AND REGION
FIGURE 20 ASIA PACIFIC DOMINATED THE MARKET ACROSS APPLICATIONS IN 2020 (%)
4.4 MARKET, BY SOURCE
FIGURE 21 THE FRUIT, FLOWERS, AND BULBS SEGMENT DOMINATED THE PLANT EXTRACTS MARKET ACROSS SOURCES , 2020 VS 2026 (USD MILLION)
4.5 ASIA PACIFIC: MARKET, BY APPLICATION AND COUNTRY, 2020
FIGURE 22 IN 2020, PHARMACEUTICALS & DIETARY SUPPLEMENTS SEGMENT ACCOUNTED FOR THE LARGEST SHARE IN ASIA PACIFIC
4.6 COVID-19 IMPACT ON PLANT EXTRACTS MARKET
FIGURE 23 GROWTH IN 2020 IS REDUCED IN THE POST-COVID-19 SCENARIO COMPARED TO THE PRE-COVID-19 SCENARIO
5 MARKET OVERVIEW (Page No. - 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 MARKET DYNAMICS: PLANT EXTRACTS MARKET
5.2.1 DRIVERS
5.2.1.1 Adverse side-effects of synthetic flavors led to an increase in demand for natural favors
5.2.1.2 Increasing health and wellness trend led to a rise in demand for clean label products
FIGURE 25 DISTRIBUTION OF RETAIL SALES OF ORGANIC PRODUCTS, 2019
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations and international quality standards
5.2.2.2 Inadequate supply of raw materials and price fluctuation
5.2.3 OPPORTUNITIES
5.2.3.1 Growing trend of veganism and vegetarianism among consumers
FIGURE 26 RETAIL SALES OF PLANT-BASED FOOD PRODUCTS, 2019 (USD MILLION)
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 Similar products led to intense competition and product rivalry
5.2.4.2 Availability of substitutes and adulterated products
5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS
6 REGULATORY FRAMEWORK (Page No. - 58)
6.1 NORTH AMERICA
6.1.1 UNITED STATES
6.1.2 CANADA
6.2 EUROPE
6.3 ASIA PACIFIC
6.4 SOUTH AMERICA
7 INDUSTRY TRENDS (Page No. - 62)
7.1 VALUE CHAIN ANALYSIS
FIGURE 27 VALUE CHAIN ANALYSIS
7.2 TECHNOLOGY ANALYSIS
7.2.1 SUPERCRITICAL FLUID EXTRACTION
7.2.2 ULTRASOUND ASSISTED EXTRACTION
7.2.3 MICROWAVE ASSISTED EXTRACTION
7.2.4 PRESSURIZED HOT WATER EXTRACTION TECHNIQUE
7.3 ECOSYSTEM, MARKET MAP & SUPPLY CHAIN ANALYSIS
FIGURE 28 MARKET ECOSYSTEM
FIGURE 29 MARKET MAP
7.3.1 DEMAND SIDE
7.3.2 SUPPLY SIDE
7.3.2.1 Regulatory bodies
7.3.3 PLANT EXTRACTS MARKET : ECOSYSTEM TABLE
TABLE 2 MARKET: ECOSYSTEM
7.4 PORTERS FIVE FORCES ANALYSIS
TABLE 3 PLANT EXTRACTS MARKET: PORTERS FIVE FORCES ANALYSIS
7.4.1 THREAT OF NEW ENTRANTS
7.4.2 THREAT OF SUBSTITUTES
7.4.3 BARGAINING POWER OF SUPPLIERS
7.4.4 BARGAINING POWER OF BUYERS
7.4.5 DEGREE OF COMPETITION
7.5 YC-YCC SHIFT
FIGURE 30 YC & YCC SHIFT FOR THE PLANT EXTRACTS MARKET
7.6 TRADE ANALYSIS
TABLE 4 INDIAN EXPORT OF HERBS AND HERBAL PRODUCTS, 20152018 (USD MILLION)
7.6.1 TOP FIVE IMPORTERS OF VEGETABLE SAPS AND EXTRACTS, 20162020 (USD THOUSAND)
FIGURE 31 TOP FIVE IMPORTERS OF VEGETABLE SAPS AND EXTRACTS, 20162020 (USD THOUSAND)
7.6.2 TOP FIVE EXPORTERS OF VEGETABLE SAPS AND EXTRACTS, 20162020 (USD THOUSAND)
FIGURE 32 TOP FIVE EXPORTER OF VEGETABLE SAPS AND EXTRACTS, 20162020 (USD THOUSAND)
7.7 PATENT ANALYSIS
FIGURE 33 NUMBER OF PATENTS GRANTED FOR PLANT EXTRACTS, 20172021
FIGURE 34 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE PLANT EXTRACTS MARKET, 20172021
TABLE 5 LIST OF A FEW PATENTS IN THE PLANT EXTRACTS MARKET, 2020
7.8 PRICING ANALYSIS
TABLE 6 PRICING ANALYSIS, BY REGION 2020 (USD/TONS)
FIGURE 35 PRICE ANALYSIS, BY TYPE, 2016 2020 (USD/TON)
7.9 CASE STUDY
7.9.1 DEVELOPMENT OF ORGANIC PLANT EXTRACTS
8 PLANT EXTRACTS MARKET, BY TYPE (Page No. - 75)
8.1 INTRODUCTION
FIGURE 36 PLANT EXTRACTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 7 MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 8 MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 9 MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 10 MARKET SIZE, BY TYPE, 20202026 (KT)
8.2 COVID-19 IMPACT ON PLANT EXTRACTS, BY TYPE (20182021)
8.2.1 OPTIMISTIC SCENARIO
TABLE 11 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY TYPE, 20182021 (USD MILLION) (OPTIMISTIC SCENARIO)
8.2.2 REALISTIC SCENARIO
TABLE 12 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY TYPE, 20182021 (USD MILLION) (REALISTIC SCENARIO)
8.2.3 PESSIMISTIC SCENARIO
TABLE 13 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY TYPE, 20182021 (USD MILLION) (PESSIMISTIC SCENARIO)
8.3 PHYTOMEDICINES & HERBAL EXTRACTS
8.3.1 INCREASE IN RESISTANCE FOR SYNTHETIC PRODUCTS TO PROPEL THE MARKET OF PHYTOMEDICINES & HERBAL EXTRACTS
TABLE 14 PHYTOMEDICINES & HERBAL EXTRACTS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 15 PHYTOMEDICINES & HERBAL EXTRACTS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 16 PHYTOMEDICINES & HERBAL EXTRACTS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 17 PHYTOMEDICINES & HERBAL EXTRACTS MARKET SIZE, BY REGION, 20202026 (KT)
8.4 ESSENTIAL OILS
8.4.1 INCREASE IN TREND OF AROMATHERAPY IN DEVELOPING COUNTRIES BOOSTING GROWTH OF ESSENTIAL OILS
TABLE 18 ESSENTIAL OILS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 19 ESSENTIAL OILS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 20 ESSENTIAL OILS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 21 ESSENTIAL OILS MARKET SIZE, BY REGION, 20202026 (KT)
8.5 SPICES
8.5.1 USE OF SPICES FOR EXTENDING THE SHELF-LIFE OF PRODUCTS IN THE FOOD INDUSTRY
FIGURE 37 GLOBAL PRODUCTION QUANTITY OF SPICES (TONS), 20162019
TABLE 22 SPICES MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 23 SPICES MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 24 SPICES MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 25 SPICES MARKET SIZE, BY REGION, 20202026 (KT)
8.6 FLAVORS & FRAGRANCES
8.6.1 INCREASING INCLINATION OF CONSUMERS TOWARD NATURAL PRODUCTS THRIVING THEIR GROWTH
TABLE 26 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 27 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 28 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 29 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION, 20202026 (KT)
9 PLANT EXTRACTS MARKET, BY APPLICATION (Page No. - 88)
9.1 INTRODUCTION
FIGURE 38 MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD BILLION)
TABLE 30 MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 31 MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 32 MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 33 MARKET SIZE, BY APPLICATION, 20202026 (KT)
9.2 COVID-19 IMPACT ON PLANT EXTRACTS, BY APPLICATION (20182021)
9.2.1 OPTIMISTIC SCENARIO
TABLE 34 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY APPLICATION, 20182021 (USD MILLION) (OPTIMISTIC SCENARIO)
9.2.2 REALISTIC SCENARIO
TABLE 35 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY APPLICATION, 20182021 (USD MILLION) (REALISTIC SCENARIO)
9.2.3 PESSIMISTIC SCENARIO
TABLE 36 COVID-19 IMPACT ON PLANT EXTRACTS MARKET SIZE, BY APPLICATION, 20182021 (USD MILLION) (PESSIMISTIC SCENARIO)
9.3 PHARMACEUTICALS & DIETARY SUPPLEMENTS
9.3.1 PLANT-BASED MEDICINES IS ON THE RISE OWING TO THE GROWING RESISTANCE OF BACTERIA AGAINST ALLOPATHIC MEDICINES
TABLE 37 PHARMACEUTICALS AND DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 38 PHARMACEUTICALS AND DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 39 PHARMACEUTICALS AND DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 40 PHARMACEUTICALS AND DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20202026 (KT)
9.4 FOOD & BEVERAGES
9.4.1 RISE IN VEGAN POPULATION DEMANDING PLANT-BASED FOODS TO BOOST MARKET GROWTH
TABLE 41 FOOD & BEVERAGES MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 42 FOOD & BEVERAGES MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 43 FOOD & BEVERAGES MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 44 FOOD & BEVERAGES MARKET SIZE, BY REGION, 20202026 (KT)
9.5 COSMETICS
9.5.1 ANTI-MICROBIAL AND ANTIOXIDANT PROPERTIES OF PLANT EXTRACTS LED TO THE ADOPTION OF VARIOUS HERBAL COSMETICS
TABLE 45 COSMETICS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 46 COSMETICS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 47 COSMETICS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 48 COSMETICS MARKET SIZE, BY REGION, 20202026 (KT)
9.6 OTHER APPLICATIONS
TABLE 49 OTHER APPLICATIONS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 50 OTHER APPLICATIONS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 51 OTHER APPLICATIONS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 52 OTHER APPLICATIONS MARKET SIZE, BY REGION, 20202026 (KT)
10 PLANT EXTRACTS MARKET, BY SOURCE (Page No. - 100)
10.1 INTRODUCTION
TABLE 53 IMPORTANT SOURCES OF PLANT EXTRACTS
FIGURE 39 MARKET SIZE, BY SOURCE, 2021 VS.2026 (USD MILLION)
TABLE 54 MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 55 MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 56 MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 57 MARKET SIZE, BY SOURCE, 20202026 (KT)
10.2 FRUITS, FLOWERS, AND BULBS
10.2.1 INCREASE IN THE USE OF FLOWER EXTRACTS FOR FRAGRANCES IN THE COSMETIC INDUSTRY TO PROPEL PLANT EXTRACT GROWTH
TABLE 58 FRUITS, FLOWERS, AND BULBS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 59 FRUITS, FLOWERS, AND BULBS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 60 FRUITS, FLOWERS & BULBS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 61 FRUITS, FLOWERS, AND BULBS MARKET SIZE, BY REGION, 20202026 (KT)
10.3 LEAVES
10.3.1 RISING DEMAND FOR HERBAL MEDICINES DUE TO NO SIDE EFFECTS TO DRIVE THE DEMAND FOR EXTRACTS FROM LEAVES
TABLE 62 LEAVES MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 63 LEAVES MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 64 LEAVES MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 65 LEAVES MARKET SIZE, BY REGION, 20202026 (KT)
10.4 RHIZOMES & ROOTS
10.4.1 EXTRACTS FROM ROOTS OFFERING MULTIPLE FUNCTIONALITIES SURGED ITS DEMAND IN VARIOUS INDUSTRIES
TABLE 66 RHIZOMES & ROOTS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 67 RHIZOMES & ROOTS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 68 RHIZOMES & ROOTS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 69 RHIZOMES & ROOTS MARKET SIZE, BY REGION, 20202026 (KT)
10.5 BARKS & STEMS
10.5.1 HIGH SECONDARY METABOLITES CONTENT IN MEDICINAL BARKS TO DRIVE THE MARKET FOR EXTRACTS FROM BARKS & STEMS
TABLE 70 BARKS AND STEMS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 71 BARKS AND STEMS MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 72 BARKS AND STEMS MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 73 BARKS AND STEMS MARKET SIZE, BY REGION, 20202026 (KT)
10.6 OTHER SOURCES
TABLE 74 OTHER SOURCES MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 75 OTHER SOURCES MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 76 OTHER SOURCES MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 77 OTHER SOURCES MARKET SIZE, BY REGION, 20202026 (KT)
11 PLANT EXTRACTS MARKET, BY REGION (Page No. - 113)
11.1 INTRODUCTION
FIGURE 40 GEOGRAPHIC SNAPSHOT OF PLANT EXTRACTS MARKET (20212026): RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOTSPOTS
TABLE 78 PLANT EXTRACTS MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 79 MARKET SIZE, BY REGION, 20202026 (USD MILLION)
TABLE 80 MARKET SIZE, BY REGION, 20162019 (KT)
TABLE 81 MARKET SIZE, BY REGION, 20202026 (KT)
TABLE 82 MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 83 MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 84 MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 85 MARKET SIZE, BY TYPE, 20202026 (KT)
TABLE 86 MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 87 MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 88 MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 89 MARKET SIZE, BY APPLICATION, 20202026 (KT)
TABLE 90 MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 91 MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 92 MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 93 MARKET SIZE, BY SOURCE, 20202026 (KT)
11.2 NORTH AMERICA
FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT
TABLE 94 NORTH AMERICA: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 95 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20202026 (USD MILLION)
TABLE 96 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20162019 (KT)
TABLE 97 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20202026 (KT)
TABLE 98 NORTH AMERICA MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 99 NORTH AMERICA MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 100 NORTH AMERICA MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 101 NORTH AMERICA PLANT EXTRACTS MARKET SIZE, BY TYPE, 20202026 (KT)
TABLE 102 NORTH AMERICA MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 103 NORTH AMERICA MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 104 NORTH AMERICA MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 105 NORTH AMERICA MARKET SIZE, BY APPLICATION, 20202026 (KT)
TABLE 106 NORTH AMERICA MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 107 NORTH AMERICA MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 108 NORTH AMERICA MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 109 NORTH AMERICA MARKET SIZE, BY SOURCE, 20202026 (KT)
11.2.1 US
TABLE 110 US: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 111 US: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 112 US: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 113 US: MARKET SIZE, BY TYPE, 20202026 (KT)
11.2.2 CANADA
TABLE 114 CANADA: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 115 CANADA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 116 CANADA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 117 CANADA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.2.3 MEXICO
TABLE 118 MEXICO: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 119 MEXICO: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 120 MEXICO: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 121 MEXICO: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3 EUROPE
FIGURE 42 EUROPE: MARKET SNAPSHOT
TABLE 122 EUROPE: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 123 EUROPE: MARKET SIZE, BY COUNTRY, 20202026 (USD MILLION)
TABLE 124 EUROPE: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20162019 (KT)
TABLE 125 EUROPE: MARKET SIZE, BY COUNTRY, 20202026 (KT)
TABLE 126 EUROPE MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 127 EUROPE MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 128 EUROPE MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 129 EUROPE MARKET SIZE, BY TYPE, 20202026 (KT)
TABLE 130 EUROPE MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 131 EUROPE MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 132 EUROPE MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 133 EUROPE MARKET SIZE, BY APPLICATION, 20202026 (KT)
TABLE 134 EUROPE MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 135 EUROPE MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 136 EUROPE MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 137 EUROPE MARKET SIZE, BY SOURCE, 20202026 (KT)
11.3.1 GERMANY
TABLE 138 GERMANY: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 139 GERMANY: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 140 GERMANY: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 141 GERMANY: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.2 UNITED KINGDOM
TABLE 142 UNITED KINGDOM: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 143 UNITED KINGDOM: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 144 UNITED KINGDOM: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 145 UNITED KINGDOM: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.3 FRANCE
TABLE 146 FRANCE: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 147 FRANCE: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 148 FRANCE: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 149 FRANCE: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.4 ITALY
TABLE 150 ITALY: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 151 ITALY: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 152 ITALY: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 153 ITALY: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.5 SPAIN
TABLE 154 SPAIN: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 155 SPAIN: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 156 SPAIN: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 157 SPAIN: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.6 RUSSIA
TABLE 158 RUSSIA: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 159 RUSSIA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 160 RUSSIA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 161 RUSSIA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.7 POLAND
TABLE 162 POLAND: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 163 POLAND: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 164 POLAND: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 165 POLAND: MARKET SIZE, BY TYPE, 20202026 (KT)
11.3.8 REST OF EUROPE
TABLE 166 REST OF EUROPE: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 167 REST OF EUROPE: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 168 REST OF EUROPE: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 169 REST OF EUROPE: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4 ASIA PACIFIC
FIGURE 43 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 170 ASIA PACIFIC: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 171 ASIA PACIFIC: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20202026 (USD MILLION)
TABLE 172 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 20162019 (KT)
TABLE 173 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 20202026 (KT)
TABLE 174 ASIA PACIFIC MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 175 ASIA PACIFIC MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 176 ASIA PACIFIC MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 177 ASIA PACIFIC MARKET SIZE, BY TYPE, 20202026 (KT)
TABLE 178 ASIA PACIFIC MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 179 ASIA PACIFIC MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 180 ASIA PACIFIC MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 181 ASIA PACIFIC MARKET SIZE, BY APPLICATION, 20202026 (KT)
TABLE 182 ASIA PACIFIC MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 183 ASIA PACIFIC MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 184 ASIA PACIFIC MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 185 ASIA PACIFIC MARKET SIZE, BY SOURCE, 20202026 (KT)
11.4.1 CHINA
TABLE 186 CHINA: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 187 CHINA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 188 CHINA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 189 CHINA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4.2 INDIA
TABLE 190 INDIA: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 191 INDIA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 192 INDIA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 193 INDIA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4.3 JAPAN
TABLE 194 JAPAN: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 195 JAPAN: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 196 JAPAN: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 197 JAPAN: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4.4 AUSTRALIA & NEW ZEALAND
TABLE 198 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 199 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 200 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 201 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4.5 SINGAPORE
TABLE 202 SINGAPORE: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 203 SINGAPORE: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 204 SINGAPORE: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 205 SINGAPORE: MARKET SIZE, BY TYPE, 20202026 (KT)
11.4.6 REST OF ASIA PACIFIC
TABLE 206 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 207 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 208 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 209 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 20202026 (KT)
11.5 REST OF THE WORLD
TABLE 210 REST OF THE WORLD: PLANT EXTRACTS MARKET SIZE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 211 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, 20202026 (USD MILLION)
TABLE 212 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, 20162019 (KT)
TABLE 213 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, 20202026 (KT)
TABLE 214 REST OF THE WORLD: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 215 REST OF THE WORLD: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 216 REST OF THE WORLD: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 217 REST OF THE WORLD: MARKET SIZE, BY TYPE, 20202026 (KT)
TABLE 218 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 219 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 20202026 (USD MILLION)
TABLE 220 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 20162019 (KT)
TABLE 221 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 20202026 (KT)
TABLE 222 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 20162019 (USD MILLION)
TABLE 223 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 20202026 (USD MILLION)
TABLE 224 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 20162019 (KT)
TABLE 225 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 20202026 (KT)
11.5.1 BRAZIL
11.5.1.1 Increase in the consumption of flavored foods in Brazil to drive the market for plant extracts
TABLE 226 BRAZIL: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 227 BRAZIL: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 228 BRAZIL: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 229 BRAZIL: MARKET SIZE, BY TYPE, 20202026 (KT)
11.5.2 REST OF SOUTH AMERICA
11.5.2.1 Rise in demand for organic products in food, cosmetics, and pharma industries
TABLE 230 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 231 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 232 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 233 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.5.3 REST OF AFRICA
11.5.3.1 Inability of western medicine to provide a cure for some diseases and infections to increase the demand for herbal solutions in Africa
TABLE 234 REST OF AFRICA: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 235 REST OF AFRICA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 236 REST OF AFRICA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 237 REST OF AFRICA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.5.4 SOUTH AFRICA
11.5.4.1 Unique qualities of plants extracts led South America to increasingly use them in cosmetics
TABLE 238 SOUTH AFRICA: PLANT EXTRACTS MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 239 SOUTH AFRICA: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 240 SOUTH AFRICA: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 241 SOUTH AFRICA: MARKET SIZE, BY TYPE, 20202026 (KT)
11.5.5 MIDDLE EAST
11.5.5.1 Growth in import demand for plant extracts from North America
TABLE 242 MIDDLE EAST: MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 243 MIDDLE EAST: MARKET SIZE, BY TYPE, 20202026 (USD MILLION)
TABLE 244 MIDDLE EAST: MARKET SIZE, BY TYPE, 20162019 (KT)
TABLE 245 MIDDLE EAST: MARKET SIZE, BY TYPE, 20202026 (KT)
12 COMPETITIVE LANDSCAPE (Page No. - 187)
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS, 2020
TABLE 246 MARKET SHARE OF TOP FOUR PLAYERS IN 2020
FIGURE 44 REVENUE ANALYSIS OF KEY PLAYERS IN THE PLANT EXTRACTS MARKET, 20182020 (USD MILLION)
12.3 COMPANY EVALUATION QUADRANT: DEFINITION & METHODOLOGY (KEY PLAYERS)
12.3.1 STARS
12.3.2 EMERGING LEADERS
12.3.3 PERVASIVE PLAYERS
12.3.4 PARTICIPANTS
FIGURE 45 PLANT EXTRACTS MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)
12.4 PRODUCT FOOTPRINT
TABLE 247 COMPANY TYPE FOOTPRINT
TABLE 248 COMPANY REGIONAL FOOTPRINT
TABLE 249 PRODUCT FOOTPRINT (OVERALL)
12.5 COMPANY EVALUATION MATRIX: DEFINITION & METHODOLOGY (FOR START-UPS/SMES)
12.5.1 PROGRESSIVE COMPANIES
12.5.2 STARTING BLOCKS
12.5.3 RESPONSIVE COMPANIES
12.5.4 DYNAMIC COMPANIES
FIGURE 46 PLANT EXTRACTS MARKET: COMPANY EVALUATION QUADRANT FOR START-UPS/SMES, 2020
12.6 KEY PLAYER STRATEGIES
TABLE 250 OVERVIEW OF STRATEGIES DEPLOYED BY PLANT EXTRACTS COMPANIES
12.7 PRODUCT LAUNCHES, DEALS AND OTHER DEVELOPMENTS
12.7.1 NEW PRODUCT LAUNCHES
TABLE 251 PLANT EXTRACTS: PRODUCT LAUNCHES, 20182021
12.7.2 DEALS
TABLE 252 PLANT EXTRACTS: DEALS, 20182021
12.7.3 OTHER DEVELOPMENTS
TABLE 253 PLANT EXTRACTS: OTHER DEVELOPMENTS, 20182021
13 COMPANY PROFILES (Page No. - 199)
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS
13.1.1 SYMRISE
TABLE 254 SYMRISE: BUSINESS OVERVIEW
FIGURE 47 SYMRISE: COMPANY SNAPSHOT
TABLE 255 SYMRISE: PRODUCT OFFERED
TABLE 256 SYMRISE: NEW PRODUCT LAUNCHES
TABLE 257 SYMRISE: DEALS
TABLE 258 SYMRISE: OTHER DEVELOPMENTS
13.1.2 SENSIENT TECHNOLOGIES CORPORATION
TABLE 259 SENSIENT TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
FIGURE 48 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 260 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS OFFERED
TABLE 261 SENSIENT TECHNOLOGIES CORPORATION: DEALS
13.1.3 INTERNATIONAL FLAVORS & FRAGRANCES, INC.
TABLE 262 INTERNATIONAL FLAVOR & FRAGRANCES, INC. - BUSINESS OVERVIEW
FIGURE 49 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: COMPANY SNAPSHOT
TABLE 263 INTERNATIONAL FLAVOR & FRAGRANCES, INC.: PRODUCTS OFFERED
TABLE 264 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: NEW PRODUCT LAUNCHES
TABLE 265 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: DEALS
13.1.4 GIVAUDAN
TABLE 266 GIVAUDAN - BUSINESS OVERVIEW
FIGURE 50 GIVAUDAN: COMPANY SNAPSHOT
TABLE 267 GIVAUDAN: PRODUCTS OFFERED
TABLE 268 GIVAUDAN: NEW PRODUCT LAUNCHES
TABLE 269 GIVAUDAN: DEALS
TABLE 270 GIVAUDAN: OTHER DEVELOPMENTS
13.1.5 DΦHLER
TABLE 271 DΦHLER: BUSINESS OVERVIEW
TABLE 272 DΦHLER: PRODUCTS OFFERED
13.1.6 SYNERGY FLAVORS
TABLE 273 SYNERGY FLAVORS: BUSINESS OVERVIEW
TABLE 274 SYNERGY FLAVORS: PRODUCTS OFFERED
TABLE 275 SYNERGY FLAVORS: NEW PRODUCT LAUNCHES
TABLE 276 SYNERGY FLAVORS: DEALS
13.1.7 SYNTHITE INDUSTRIES PRIVATE LTD
TABLE 277 SYNTHITE INDUSTRIES PRIVATE LTD: BUSINESS OVERVIEW
TABLE 278 SYNTHITE INDUSTRIES PRIVATE LTD: PRODUCTS OFFERED
13.1.8 PT. INDESSO AROMA
TABLE 279 PT. INDESSO AROMA: BUSINESS OVERVIEW
TABLE 280 PT. INDESSO AROMA: PRODUCTS OFFERED
TABLE 281 PT. INDESSO AROMA: DEALS
13.1.9 VIDYA HERBS PRIVATE LTD
TABLE 282 VIDYA HERBS PRIVATE LTD: BUSINESS OVERVIEW
TABLE 283 VIDYA HERBS PRIVATE LTD: PRODUCTS OFFERED
TABLE 284 VIDYA HERBS PRIVATE LTD: NEW PRODUCT LAUNCHES
13.1.10 NUTRA GREEN BIOTECHNOLOGY CO., LTD
TABLE 285 NUTRA GREEN BIOTECHNOLOGY CO., LTD BUSINESS OVERVIEW
TABLE 286 NUTRA GREEN BIOTECHNOLOGY CO. LTD.: PRODUCT OFFERED
13.2 OTHER PLAYERS
13.2.1 KALSEC INC
TABLE 287 KALSEC INC : BUSINESS OVERVIEW
TABLE 288 KALSEC INC: PRODUCTS OFFERED
TABLE 289 KALSEC INC: NEW PRODUCT LAUNCHES
13.2.2 MARTIN BAUER GROUP
TABLE 290 MARTIN BAUER GROUP: BUSINESS OVERVIEW
TABLE 291 MARTIN BAUER GROUP : PRODUCTS OFFERED
TABLE 292 MARTIN BAUER GROUP: DEALS
13.2.3 KANGCARE BIOINDUSTRY CO.,LTD
TABLE 293 KANGCARE BIOINDUSTRY CO., LTD : BUSINESS OVERVIEW
TABLE 294 KANGCARE BIOINDUSTRY CO., LTD: PRODUCTS OFFERED
13.2.4 NATIVE EXTRACTS PTY. LTD
TABLE 295 NATIVE EXTRACTS PTY. LTD: BUSINESS OVERVIEW
TABLE 296 NATIVE EXTRACTS PTY. LTD: PRODUCTS OFFERED
13.2.5 RANSOM NATURALS LTD
TABLE 297 RANSOM NATURALS LTD : BUSINESS OVERVIEW
TABLE 298 RANSOM NATURALS LTD: PRODUCTS OFFERED
TABLE 299 RANSOM NATURALS LTD : DEALS
13.2.6 BLUE SKY BOTANICS LTD
13.2.7 SHAANXI JIAHE PHYTOCHEM CO.,LTD (JIAHERB, INC.)
13.2.8 TOKIWA PHYTOCHEMICAL CO.,LTD
13.2.9 PRINOVA GROUP LLC
13.2.10 ARJUNA NATURALS EXTRACTS LTD
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS (Page No. - 241)
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 BOTANICAL EXTRACTS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
FIGURE 51 PLANT EXTRACTS MARKET TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD (USD MILLION), 20152022
14.3.3 BOTANICAL EXTRACTS MARKET, BY APPLICATION
FIGURE 52 BOTANICAL EXTRACTS MARKET SIZE, BY APPLICATION, 20172022 (USD MILLION)
TABLE 300 BOTANICAL EXTRACTS MARKET SIZE, BY APPLICATION, 20152022 (USD MILLION)
14.4 ESSENTIAL OILS MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
FIGURE 53 ESSENTIAL OILS MARKET TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD (USD MILLION), 20192026
14.4.3 ESSENTIAL OILS MARKET, BY APPLICATION
FIGURE 54 FOOD & BEVERAGES TO LEAD THE MARKET BY 2026 (USD MILLION)
TABLE 301 ESSENTIAL OILS MARKET SIZE, BY APPLICATION, 20172020 (USD MILLION)
TABLE 302 ESSENTIAL OILS MARKET SIZE, BY APPLICATION, 20212026 (USD MILLION)
15 APPENDIX (Page No. - 247)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study involves four major activities to estimate the current market size of the plant extracts market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated 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, the market breakdown and data triangulation approaches were used to estimate the market size of various segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as the Food and Agriculture organization (FAO), United States Department of Agriculture (USDA), European Commission, Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, food safety organizations, regulatory bodies, and trade directories.
Primary Research
The plant extracts market comprises several stakeholders such as in the Supply-side: plant extracts producers, suppliers, distributors, importers, and exporters, and in the Demand-side: pharmaceutical product manufacturers, food and beverage manufacturers, cosmetic producing companies, and research organizations. Regulatory-side: Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies & NGOs, and other regulatory bodies, Food product consumers, Regulatory bodies, including government agencies and NGOs, Commercial research & development (R&D) institutions and financial institutions, Government and research organizations
Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the plant extracts market. The research methodology used to estimate the market size includes the following:
- The key players were identified through extensive secondary research.
- The industrys supply chain and market size were determined through primary and secondary research.
- All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Plant extracts Ingredients Market Size: Bottom-Up Approach
- With the bottom-up approach, plant extracts for each type, form, and application were added to arrive at the global and regional market size and CAGR.
- The pricing analysis was conducted based on types in regions. From this, we derived the market sizes, in terms of volume, for each region and type of plant extracts.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- The bottom-up procedure has been employed to arrive at the overall size of the plant extracts market from the revenues of key players (companies) and their product share in the market.
- The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent and each market have been determined and confirmed in this study. The data triangulation procedure implemented for this study is explained in the next section.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the plant extracts market.
Report Objectives
- To define, segment, and estimate the size of the plant extracts market with respect to ingredients type, applications, form, and region
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the complete value chain and influence of all key stakeholders, such as manufacturers, suppliers, and end users
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To profile the key players and comprehensively analyze their core competencies
- To analyze the competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and product approvals, in the plant extracts market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the Rest of Asia Pacific plant extracts market Vietnam, Thailand, Malaysia, Philippines and South korea.
- Further breakdown of the Rest of Europe plant extracts market - The Netherlands, Sweden, Turkey, Belgium and other-EU-&-non-EU-countries
- Further breakdown of the Rest of South America into Peru, Chile, and Colombia.
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Growth opportunities and latent adjacency in Plant Extracts Market
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