Home > Chemicals & Materials > Biobased Chemicals > Biobased Chemical Feedstocks > Plant Extract Market

Plant Extract Market Size

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

Download Free Sample

Plant Extract Market Size

The global plant extract market was valued at USD 36.7 billion in 2023 and is estimated to grow at a CAGR of over 11.3 % from 2024 to 2032.

To get key market trends

Download Free Sample

Plant extracts come from various parts of plants like leaves, roots, flowers, and seeds through extraction processes. These extracts are rich in bioactive compounds and have many uses in various industries.

The growing demand for natural ingredients in food and cosmetics drives the plant extract market. Consumers are moving away from synthetic additives and prefer products that match their health-conscious and eco-friendly values. This trend is linked to increased awareness of health and wellness, as people choose clean-label products they believe are safer and better for their well-being.

Plant Extract Market Report Attributes
Report Attribute	Details
Base Year:	2023
Plant Extract Market Size in 2023:	USD 36.7 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	11.3%
2032 Value Projection:	USD 95.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	310
Tables, Charts & Figures:	240
Segments covered:	Form, Type, End Use Industry
Growth Drivers:	Rising demand for natural ingredients in food and cosmetics Increasing consumer awareness of health and wellness Expansion of the herbal medicine market
Pitfalls & Challenges:	Fluctuating availability of raw materials due to environmental factors High production costs compared to synthetic alternatives

Learn more about the key segments shaping this market

Download Free Sample

As a result, plant-based extracts are becoming popular in functional foods, supplements, and natural beauty products. Additionally, the expanding herbal medicine market boosts demand, with consumers seeking natural remedies for health issues. This combined demand in food, cosmetics, and herbal medicine sectors is speeding up the growth of the market. Companies are responding to these changing preferences by adding these extracts to a wide range of products.

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.