Plant Extracts: Global Market Intelligence (2023-2030)

REPORT OBJECTIVES

The report "Plant Extracts: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, form, application, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The global plant extract market is expected to grow at a CAGR of more than 10% from 2023 to 2030. Plant extracts are gaining popularity as an effective and natural solution for various health issues, which is driving the growth of the global plant extracts market. Rising consumer awareness about the benefits of plant-based products, coupled with an increasing demand for herbal and natural medicines, is expected to drive the demand for plant extracts. The use of plant extracts in the food and beverage industry is also expected to drive market growth. Plant extracts are used as natural colorants, flavorings, and preservatives, and as an alternative to artificial ingredients. In addition, the increasing trend of clean label and natural products is also driving the demand for plant extracts. The demand for plant extracts is also increasing in the cosmetics and personal care industry, as plant-based ingredients are considered safe and effective for various applications. Moreover, the growing interest in natural and organic skincare products is expected to drive the demand for plant extracts in this sector.

The USA, India, China, UK, and Germany are the leading countries in plant extracts market.

Naturex, Frutarom Industries, Indena, Martin Bauer, and Linnea SA are the leading manufacturers of plant extracts.

Sprout Intelligence expert team projected the global plant extract marketis expected to cross mark of USD 40 billion.