Plant Extracts Market size was valued at US$ 30.63 Bn. in 2021 and the total Plant Extracts revenue is expected to grow at 13.2% from 2022 to 2029, reaching nearly US$ 82.59 Bn.
Market Overview
The intelligence report on Plant Extracts market was published by Maximise Market research which indicates the expected growth in Plant Extracts market in the forecast period of 2022-2029. The Plant Extracts market is growing rapidly with a substantial growth rate over the previous years and it is estimated to grow more. The report provides Plant Extracts market drivers and restraints. It helps in recognizing the key drivers of the Plant Extracts market which driving the Plant Extracts markets growth and also helps to understand the upcoming opportunities by using the key drivers.
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Market Scope
The reports provides an in-depth analysis of the market size and its compound annual growth rate for forecast period. Leading analyst’s team has scrutinized the results and data while making of report. It also focuses on the key methods used by the competitors in the industry. It provides the reader and investors with up to data of the Plant Extracts market. Data on market size, current and future trends, market share, market dynamics, opportunities, threats and risks and the new entrants of the are represented in the report in the form of graphs, tables, pie charts and product statistics. Some methodologies were undertaken while researching such as SWOT, PESTLE and PORTER’S five forces analysis to understand the Plant Extracts market strengths and weaknesses.
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Segmentation:
By application, the food and beverage segment is expected to grow at a CAGR of 8.1% during the forecast period. Botanical ingredients are gaining popularity in the food and beverage industries. Beverages containing plant extracts grew 46% between 2017 and 2020. Furthermore, according to a 2021 worldwide consumer research study titled Botanical State of Mind: Uncovering customers' personal and emotional affinity with botanicals, more than 97% of consumers polled throughout the world indicated botanical ingredients and tastes appeal to them. More than 6,500 consumers were polled in 12 countries throughout North America, Europe, Latin America, Asia Pacific, and Africa for the study.
Key Players:
• Sensient Technologies (US)
• International Flavors & Fragrances (US)
• Prinova Group LLC. (US)
• Synergy Flavors, Inc. (US)
• Kalsec, Inc. (US)
• Plant Extracts International (US)
• PT. Indesso Aroma (Indonesia)
• PT. Haldin Pacific Semesta (Indonesia)
• Döhler (Germany)
• Symrise AG (Germany)
• Martin Bauer (Germany)
• Blue Sky Botanics Ltd. (UK)
• Ransom Naturals Ltd. (UK)
• Organic Herb (UK)
• Synthite Industries (India)
• Vidya Herbs Private Limited (India)
• Arjuna Natural Extracts (India)
• Givaudan (Switzerland)
• Kangcare Bioindustry Co.,ltd. (China)
• Tokiwa Phytochemical (Japan)
• NATIVE EXTRACTS Pty Ltd (Australia)
• Network Nutrition (Australia)
• Indena (Italy)
• Naturex (France)
• Frutarom Industries Ltd. (Israel)
Regional Analysis
Regional analysis provided in the report by MMR indicates the Plant Extracts market’s growth region wise with analysis of the Plant Extracts market in specific country. The report also provides the information regarding the Plant Extracts market dominating country as well as the least achieving countries in the industry. It also covers the geographic conditions of the market and revenue generated and in-depth analysis into the business structure and new updates.
Key Questions answered in the Plant Extracts Market Report are:
Key offerings:
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Mar 13, 2023