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

Plant Extract Market Trends

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

Plant Extract Market Trends

Several key trends are shaping the growth of the plant extract industry. One major trend is the increasing use of plant extracts in nutraceuticals, as consumers seek natural ways to boost immunity and overall health. The rise of vegan and plant-based diets is also driving demand for plant extracts as alternative sources of nutrients, especially in protein supplements and fortified foods.
 

Advancements in extraction technologies, like supercritical CO2 extraction, are improving the quality and purity of plant extracts. This makes them more appealing for high-end uses in pharmaceuticals and personal care. There is also growing interest in regional and indigenous plant extracts, driven by consumers' curiosity about traditional remedies and exotic ingredients. Additionally, the cosmetic industry is increasingly adopting plant extracts with anti-aging, anti-inflammatory, and antioxidant properties, as brands focus on clean beauty products for environmentally conscious customers. These trends continue to diversify the market's landscape.
 

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.

Plant Extract Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 310
 Download Free Sample