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Plant Extract Market Share

Report ID: GMI11924
Published Date: Oct 2024
Report Format: PDF

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Plant Extract Market Share

The global plant extract industry is competitive, with major companies like ADM, BASF SE, and Symrise. These companies compete on product differentiation, quality, and innovation. For example, ADM is expanding its natural ingredient portfolio to meet the rising demand for clean-label products. BASF SE focuses on research and development to create high-performance extracts for various applications. Companies also compete on price, emphasizing cost-effective production processes. Distribution is crucial, as a global presence and strong supply chains are essential to meet customer needs across regions. Additionally, companies innovate to provide tailored solutions for specific industries, such as food, beverages, cosmetics, and pharmaceuticals. Customization and technical support are important competitive factors in the market.

Plant Extract Market Companies

Major players operating in the plant extract industry are:

ADM
Aethon
BASF SE
Botanic Healthcare
Carbery Group
Dohler
Kerry
Martin Bauer
Symrise
Truly Essential
Vidya Herbs

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for plant extract was valued at USD 36.7 billion in 2023 and is estimated to reach USD 95.7 billion by 2032, driven by a CAGR of over 11.3% from 2024 to 2032.

Essential oils held a 33.8% market share in 2023, due to their versatility and increasing consumer preference for natural wellness products.

The U.S. market generated USD 9.8 billion in revenue in 2023, driven by the rising demand for natural and organic products in food, cosmetics, and nutraceuticals.

Major players in the industry include ADM, Aethon, BASF SE, Botanic Healthcare, Carbery Group, Dohler, Kerry, Martin Bauer, Symrise, Truly Essential, and Vidya Herbs.