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Plant Extracts Market
Plant Extracts Market Size, Share, Forecast, & Trends Analysis by Product (Essential Oils, Oleoresins, Flavonoids, Carotenoid), Form (Liquid), Source (Herbs & Spices, Fruits & Vegetables), Application (Food & Beverages, Cosmetics) - Global Forecast to 2031
Report ID:MRFB - 1041305 Pages: 180 Aug-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThe Plant Extracts Market is expected to reach $63.26 billion by 2031, at a CAGR of 8.7% from 2024 to 2031.
Plant Extracts Market Size & Forecast
The growth of this market can be attributed to several factors, including increasing consumer awareness regarding the benefits of natural products, growing demand for natural colors and flavors, rising demand for herbal supplements, and rising concerns regarding the use of synthetic ingredients. Moreover, increasing demand for the cosmetics industry, the emergence of developing countries, and increasing utilization of oleoresins in animal feed are expected to offer growth opportunities for the players operating in this market.
Plant Extracts Market Growth Drivers
Increasing Consumer Awareness Regarding the Benefit of Natural Products
Concerns over the environment and ecology are common these days. Environmental and health problems are a result of the population's rapid growth, diverse eating patterns, declining amount of arable land, and use of harmful and chemical chemicals. People are requesting natural products as a result. The demand for natural products has surged due to shifting consumer preferences, affecting a variety of industries such as food, personal care, and pharmaceuticals. Customers are choosing natural and organic products over those with artificial preservatives, synthetic additives, and hazardous chemicals as they become more aware of the contents of the goods they use.
Furthermore, natural extracts are valued for their aromatic, healing, coloring, and antioxidant properties. In the food industry, they are used as natural additives, preservatives, and flavor enhancers in food products. In the cosmetics industry, they provide natural skincare benefits, such as anti-aging and antibacterial effects. Thus, increasing demand for natural products is driving the growth of the market globally.
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Rising Demand for Herbal Supplements
As per their claimed health benefits and desire to stay away from artificial chemicals and additives, consumers are growing more health-conscious and gravitating toward natural and organic items like herbal supplements. The herbal supplement may help treat certain medical issues and enhance general health. Additionally, as chronic illnesses like cancer, diabetes, and cardiovascular disorders become more common, people are turning to complementary or alternative therapies, which are fueling the market for herbal supplements. Additionally, due to their long-standing use and perceived efficacy, traditional medicines and natural cures have become increasingly popular in recent times. Another issue is the aging population, which is looking for safe, natural solutions to age-related health problems. This is driving increased demand for herbal supplements.
Plant Extracts Market Trends
Increasing Adoption of Clean-label Products
Clean-label is a consumer-driven initiative, primarily shaped by consumer perception of ingredient acceptability. Food products containing natural, familiar, and simple ingredients are clean-label products. Factors such as rising demand for organic, natural, and ‘free from’ artificial ingredients food products are expected to drive the demand for plant extracts across the globe.
Consumer attention to product quality, ingredient lists, and health claims is driving a steady increase in the clean label movement across all areas. In response to growing consumer demand, manufacturers are reformulating their products to adhere to clean label requirements. Moreover, the global sales of clean-label food ingredients are projected to reach around USD 64.1 billion by 2026. Thus, people’s increasing need for clean-label products is a prominent trend that positively influences the plant extracts market.
Increasing Awareness of Health & Wellness
The desire to live longer and in better health is gaining ground among consumers. Their tastes have changed to include more natural, organic food that isn't processed or contains preservatives. Additionally, since average lifespans continue to climb and consumers look to ensure healthy lifestyles for as long as possible, well-being is quickly becoming a global trend. Consuming more healthful food is a proactive approach to avert future medical expenses.
Several plant extracts have various bioactive compounds like polyphenols and carotenoids. These compounds have antimicrobial and antioxidant properties, which can combat oxidative stress, delay the development of off-flavors, improve shelf life, and enhance the color stability of food products. Plant extracts are natural alternatives to synthetic compounds, offering health benefits without the potential toxicological and carcinogenic effects associated with synthetic ingredients.
Plant Extracts Market Opportunity
Increasing Demand For Cosmetics Industry
Personal hygiene, skin health, and general well-being have gained more attention from people in recent years, particularly from younger people. As a result, more people are using cosmetics and personal hygiene products. The demand for beauty and personal care goods has surged due to rising disposable income and an increasing focus on personal grooming. Furthermore, the growing knowledge of the risks involved in regularly using chemical-based cosmetics and the attendant concerns are driving up demand for herbal and natural cosmetic products. Vitamins, minerals, antioxidants, and other naturally extracted substances can be found in natural cosmetic products. It is free of toxins and has several benefits over chemical-based cosmetics for treating acne and enhancing skin health. Consequently, there is a growing market for plant extracts due to the growing demand for cosmetics.
Increasing Utilization of Oleoresins in Animal Feed
The demand for animal feed is increasing due to the commercialization of the livestock sector, increasing demand for animal-based products, and increasing awareness regarding animal health. According to projections by the Food and Agriculture Organization of the United Nations (2022), global livestock production is set to reach 1,961,400,000 heads in 2026 from 1,904,800,000 heads in 2023, an increase of 0.7% per year. Thus, the demand for animal feed is increasing. Also, the demand for feed additives is gaining popularity day by day due to the benefits such as growth promotion in animals, control over infectious diseases as well as enhancement of feed digestibility.
There is an increasing use of oleoresins in animal feed due to their potential benefits in improving animal health and performance. Plant-derived oleoresins are part of the phytogenic feed additives used in animal nutrition. Additives, including herbs, essential/aromatic oils, and oleoresins, are added to animal diets to enhance feed properties, promote animal production performance, and improve the quality of products derived from these animals. Thus, the increasing use of oleoresins in animal feed is creating an opportunity for manufacturers operating in this market.
Plant Extracts Market Analysis: Key Findings
By Product Type: In 2024, the Essentials Oils Segment to Dominate the Plant Extracts Market
Based on product type, the plant extracts market is segmented into essential oils, oleoresins, flavonoids, alkaloids, carotenoids, and other product type. In 2024, the essential oils segment is expected to account for the largest share of over 44.9% of the plant extracts market. The large market share of this segment can be attributed to factors such as the high use of essential oils in various industries, including food & beverages, cosmetics and personal care, and medicinal applications, growing demand for natural and organic products, and rising interest in aromatherapy. Additionally, essential oils are used in various products due to their potential health benefits, such as antifungal, antimicrobial, anticancer, and wound healer properties.
Moreover, this segment is slated to register the highest growth rate of over 10.2% during the forecast period of 2024–2031. This growth is driven by the increasing demand for clean-label products, vegan products, and consumer interest in fragrance and herbal supplements.
By Form: In 2024, the Liquid Segment to Dominate the Plant Extracts Market
Based on form, the plant extracts market is segmented into liquid and dry plant extracts. In 2024, the liquid plant extracts segment is expected to account for the larger share of the plant extracts market. The large market share of this segment can be attributed to factors such as the high use of essential oils and oleoresins, its versatility and ease of application in various industries. Liquid form is more convenient for incorporation into different products such as cosmetics, personal care items, food, and beverages. Also, liquid plant extract has other advantages such as liquid form allows better homogeneity and easier dosing in final products.
By Source: The Herbs & Spices Segment to Witness Highest Demand During the Forecast Period
Based on source, the plant extracts market is segmented into herbs & spices, fruits & vegetables, and flowers. In 2024, the herbs & spices segment is expected to account for the largest share of over 53.2% of the plant extracts market. The significant market share of this segment can be ascribed to several factors, such as growing knowledge of the health advantages of herbs and spices, their extensive application in ayurvedic treatments, their growing use in the cosmetics & personal care sector, which includes skin, hair, and nail products, and their growing use in the food and beverage industry. The medicinal qualities of spices and herbs, including their anti-inflammatory and antioxidant capabilities, are what propel the global market's expansion.
By Application: In 2024, the Food & Beverage Segment to Dominate the Plant Extracts Market
Based on application, the plant extracts market is segmented into food & beverage, cosmetics & personal care, pharmaceutical & nutraceutical, animal feed, and other applications. In 2024, the food & beverage segment is expected to account for the larger share of over 44.9% of the plant extracts market. This segment's significant market share can be ascribed to several factors, including the expanding popularity of processed foods, the preference for natural ingredients over synthetic ones, the rise in the demand for natural food flavor and color, and the growing popularity of clean-label products. In the food sector, plant extracts are mostly used as taste, coloring, antioxidants, antimicrobials, enzymes, and nutrient enhancers. Because of its antimicrobial qualities, it is widely used to prolong the shelf life of food and beverage goods, which propels the market's expansion.
However, the cosmetics & personal care segment is projected to witness the highest growth rate of 9.3% during the forecast period of 2024–2031. This growth is driven by increasing awareness of natural ingredients, growing demand for vegan beauty products, and increasing demand for the perfume industry. Plant extracts are associated with functional properties, including antioxidant activity, tyrosinase inhibition for skin depigmentation, antimicrobial activity, and sun protection. Moreover, increasing incorporation into cleansers, moisturizers, astringents, and hair care products is further fueling the growth of the market.
Geographical Analysis
Asia-Pacific Dominates the Overall Plant Extracts Market
Based on geography, the plant extracts market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 35.7% of the global plant extracts market, followed by North America and Europe. Asia-Pacific plant extracts market is estimated to be worth 12.62 billion in 2024. Asia-Pacific's significant market share can be attributed to several key factors, including the increasing disposal income, changing lifestyle, increasing consumer demand for processed food products, growing demand for healthy food ingredients, high consumer preference for herbal supplements, high availability of raw materials, large numbers of food & beverages manufacturers in the region.
However, the Latin America region is slated to register the highest growth rate of 9.7% during the forecast period due to the growing consumer awareness regarding health and wellness, increasing consumer spending for healthy products, increasing demand for natural-based ingredients, growing demand for vegan cosmetics and personal care products, growing demand for aqua feed, and rising product innovations.
Plant Extracts Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the plant extracts market are Arjuna Natural Extracts Ltd. (India), Döhler GmbH (Germany), Givaudan SA (Switzerland), International Flavors & Fragrances Inc (U.S.), Synthite Industries Ltd (India), Sensient Technologies Corporation (U.S.), Symrise AG. (Germany), Synergy Flavors Inc. (U.S.), dōTERRA International, LLC (U.S.), ROBERTET SA (France), Kalsec Inc. (U.S.), Vidya Herbs Pvt Ltd. (India), Rüther Gewürze GmbH (Germany), Universal Oleoresins (India), Essential Oils of New Zealand Ltd (New Zealand), and Sydney Essential Oil Co. (Australia).
Plant Extracts Industry Overview: Latest Developments from Key Industry Players
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In May 2024, Guilin Layn Natural Ingredients Corp. (China) launched SophorOxa, a polyphenol-rich natural additive that reduces oxidative stress and provides weight management for dogs and cats.
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In April 2024, Symrise (Germany) launched Flowerconcentrole, an olfactive flower extract for cosmetic application.
- In September 2023, dōTERRA International, LLC (U.S.) launched several new essential oils and essential oil blends at dōTERRA global convention. Their aim is to provide high-quality products and sustainably sourced essential oils.
- In August 2023, Synthite Industries Ltd. (India) partnered with TÜRER Bitkisel A.Ş. (Turkey) to access Mediterranean herbs, & essential oils from Turkey and surrounding countries and give Türer Bitkisel access to more sales channels.
Plant Extracts Market Research Summary:
|
Particulars |
Details |
|
Number of Pages |
180 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
8.7% |
|
Market Size (Value) |
$63.26 Billion by 2031 |
|
Segments Covered |
By Product Type
By Form
By Source
By Application
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Poland, Belgium, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, and Rest of Latin America), and Middle East & Africa |
|
Key Companies |
Arjuna Natural Extracts Ltd. (India), Döhler GmbH (Germany), Givaudan SA (Switzerland), International Flavors & Fragrances Inc (U.S.), Synthite Industries Ltd (India), Sensient Technologies Corporation (U.S.), Symrise (Germany), Synergy Flavors Inc. (U.S.), dōTERRA International, LLC (U.S.), ROBERTET SA (France), Kalsec Inc. (U.S.), Vidya Herbs Pvt Ltd. (India), Rüther Gewürze GmbH (Germany), Universal Oleoresins (India), Essential Oils of New Zealand Ltd (New Zealand), and Sydney Essential Oil Co. (Australia) |
Key questions answered in the plant extracts market report:
This study focuses on market analysis and opportunity assessment based on the sales of plant extracts across various countries, regions, and market segments. The study also includes a competitive analysis based on key market players’ product portfolios, geographic presence, and growth strategies adopted in the last three to four years.
The global plant extracts market study provides valuable insights, market sizes, and forecasts in terms of both value and volume by product type and geography. However, the study provides insights, market sizes, and forecasts only in terms of value based on form, source, and application.
The global plant extracts market is projected to reach $63.26 billion by 2031, at a CAGR of 8.7% during the forecast period.
Essential oils segment is expected to hold the largest market share in 2024.
The cosmetics & personal care segment is expected to witness the fastest growth from 2024 to 2031.
Increasing consumer awareness regarding the benefits of natural products, growing demand for natural colors and flavors, rising demand for herbal supplements, and rising concerns regarding the use of synthetic ingredients are creating opportunities for players operating in this market. Moreover, the increasing demand for the cosmetics industry, the emergence of developing countries, and the increasing utilization of oleoresins in animal feed create opportunities for players operating in this market.
The key players operating in the plant extracts market are Arjuna Natural Extracts Ltd. (India), Döhler GmbH (Germany), Givaudan SA (Switzerland), International Flavors & Fragrances Inc (U.S.), Synthite Industries Ltd (India), Sensient Technologies Corporation (U.S.), Symrise AG. (Germany), Synergy Flavors Inc. (U.S.), d?TERRA International, LLC (U.S.), ROBERTET SA (France), Kalsec Inc. (U.S.), Vidya Herbs Pvt Ltd. (India), Rüther Gewürze GmbH (Germany), Universal Oleoresins (India), Essential Oils of New Zealand Ltd (New Zealand), and Sydney Essential Oil Co. (Australia).
Latin America region is slated to register the highest growth rate of 9.7% during the forecast period of 2024–2031 due the growing consumer awareness regarding health and wellness, increasing consumer spending for healthy products, increasing demand for natural-based ingredients, growing demand for vegan cosmetics and personal care products, growing demand for aqua feed, and rising product innovations.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Plant Extracts Market Analysis: by Product Type
3.2.2. Plant Extracts Market Analysis: by Form
3.2.3. Plant Extracts Market Analysis: by Source
3.2.4. Plant Extracts Market Analysis: by Application
3.3. Plant Extracts Market, by Regional Analysis
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Consumer Awareness Regarding the Benefit of Natural Products
4.2.1.2. Growing Demand for Natural Colors and Flavors
4.2.1.3. Rising Demand for Herbal Supplements
4.2.1.4. Rising Concerns Regarding the Use of Synthetic Ingredients
4.2.2. Restraints
4.2.2.1. Fluctuations in Raw Material Prices
4.2.2.2. Availability of High Number of Substitutes at Lower Cost
4.2.3. Opportunities
4.2.3.1. Increasing Demand for the Cosmetics Industry
4.2.3.2. Emergence of Developing Countries
4.2.3.3. Increasing Utilization of Oleoresins in Animal Feed
4.2.4. Challenges
4.2.4.1. High Production Costs
4.2.4.2. Stringent Regulations
4.3. Trends
4.3.1. Increasing Adoption of Clean-label Products
4.3.2. Increasing Awareness of Health & Wellness
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Pricing Analysis
5. Plant Extracts Market Assessment—by Product Type
5.1. Overview
5.2. Essential Oils
5.3. Oleoresins
5.4. Flavonoids
5.5. Alkaloids
5.6. Carotenoids
5.7. Other Product Types
6. Plant Extracts Market Assessment—by Form
6.1. Overview
6.2. Liquid
6.3. Dry
7. Plant Extracts Market Assessment—by Source
7.1. Overview
7.2. Herbs & Spices
7.3. Fruits & Vegetables
7.4. Flowers
8. Plant Extracts Market Assessment—by Application
8.1. Overview
8.2. Food & Beverage
8.3. Cosmetics & Personal Care
8.4. Pharmaceutical & Nutraceutical
8.5. Animal Feed
8.6. Other Applications
9. Plant Extracts Market Assessment—by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Netherlands
9.3.7. Poland
9.3.8. Belgium
9.3.9. Rest of Europe
9.4. Asia Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Australia
9.4.5. South Korea
9.4.6. Indonesia
9.4.7. Malaysia
9.4.8. Rest of Asia-Pacific
9.5. Latin America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Mexico
9.5.4. Rest of Latin America
9.6. Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Arjuna Natural Extracts Ltd.
11.2. Döhler GmbH
11.3. Givaudan SA
11.4. International Flavors & Fragrances Inc.
11.5. Synthite Industries Ltd
11.6. Sensient Technologies Corporation
11.7. Symrise AG
11.8. Synergy Flavors Inc.
11.9. dōTERRA International, LLC
11.10. ROBERTET SA
11.11. Kalsec Inc.
11.12. Vidya Herbs Pvt Ltd.
11.13. Rüther Gewürze GmbH
11.14. Universal Oleoresins
11.15. Essential Oils of New Zealand Ltd
11.16. Sydney Essential Oil Co.
(Note: SWOT Analysis of Top 5 Companies Will Be Provided)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Global Plant Extracts Market, by Product Type, 2022-2031 (USD Million)
Table 2 Global Plant Extracts Market, by Product Type, 2022-2031 (Tons)
Table 3 Essential Oils Market, by Country/Region, 2022-2031 (USD Million)
Table 4 Essential Oils Market, by Country/Region, 2022-2031 (Tons)
Table 5 Oleoresins Market, by Country/Region, 2022-2031 (USD Million)
Table 6 Oleoresins Market, by Country/Region, 2022-2031 (Tons)
Table 7 Flavonoids Market, by Country/Region, 2022-2031 (USD Million)
Table 8 Flavonoids Market, by Country/Region, 2022-2031 (Tons)
Table 9 Alkaloids Market, by Country/Region, 2022-2031 (USD Million)
Table 10 Alkaloids Market, by Country/Region, 2022-2031 (Tons)
Table 11 Carotenoids Market, by Country/Region, 2022-2031 (USD Million)
Table 12 Carotenoids Market, by Country/Region, 2022-2031 (Tons)
Table 13 Other types of Plant Extracts Market, by Country/Region, 2022-2031 (USD Million)
Table 14 Other types of Plant Extracts Market, by Country/Region, 2022-2031 (Tons)
Table 15 Global Plant Extracts Market, by Form, 2022-2031 (USD Million)
Table 16 Liquid Plant Extracts Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Dry Plant Extracts Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 19 Herbs & Spices Derived Plant Extracts Market, by Country/Region, 2022–2031 (USD Million)
Table 20 Fruits & Vegetables Derived Plant Extracts Market, by Country/Region, 2022–2031 (USD Million)
Table 21 Flowers Derived Plant Extracts Market, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Plant Extracts Market, by Application, 2022-2031 (USD Million)
Table 23 Global Plant Extracts Market for Food and Beverage, by Country/Region, 2022-2031 (USD Million)
Table 24 Global Plant Extracts Market for Cosmetics and Personal Care, by Country/Region, 2022-2031 (USD Million)
Table 25 Global Plant Extracts Market for Pharmaceutical & Nutraceutical, by Country/Region, 2022-2031 (USD Million)
Table 26 Global Plant Extracts Market for Animal Feed, by Country/Region, 2022-2031 (USD Million)
Table 27 Global Plant Extracts Market for Other Applications, by Country/Region, 2022-2031 (USD Million)
Table 28 Plant Extracts Market, by Country/Region, 2022-2031 (USD Million)
Table 29 Plant Extracts Market, by Country/Region, 2022-2031 (Tons)
Table 30 North America: Plant Extracts Market, by Country, 2022-2031 (USD Million)
Table 31 North America: Plant Extracts Market, by Country, 2022-2031 (Tons)
Table 32 North America: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 33 North America: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 34 North America: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 35 North America: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 36 North America: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 37 U.S.: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 38 U.S.: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 39 U.S.: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 40 U.S.: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 41 U.S.: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 42 Canada: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 43 Canada: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 44 Canada: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 45 Canada: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 46 Canada: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 47 Europe: Plant Extracts Market, by Country, 2022-2031 (USD Million)
Table 48 Europe: Plant Extracts Market, by Country, 2022-2031 (Tons)
Table 49 Europe: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 50 Europe: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 51 Europe: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 52 Europe: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 53 Europe: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 54 Germany: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 55 Germany: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 56 Germany: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 57 Germany: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 58 Germany: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 59 France: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 60 France: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 61 France: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 62 France: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 63 France: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 64 U.K.: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 65 U.K.: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 66 U.K.: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 67 U.K.: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 68 U.K.: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 69 Italy: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 70 Italy: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 71 Italy: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 72 Italy: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 73 Italy: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 74 Spain: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 75 Spain: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 76 Spain: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 77 Spain: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 78 Spain: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 79 Netherlands: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 80 Netherlands: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 81 Netherlands: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 82 Netherlands: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 83 Netherlands: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 84 Poland: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 85 Poland: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 86 Poland: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 87 Poland: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 88 Poland: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 89 Belgium: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 90 Belgium: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 91 Belgium: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 92 Belgium: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 93 Belgium: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 94 Rest of Europe: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 95 Rest of Europe: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 96 Rest of Europe: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 97 Rest of Europe: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 98 Rest of Europe: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 99 Asia-Pacific: Plant Extracts Market, by Country, 2022-2031 (USD Million)
Table 100 Asia-Pacific: Plant Extracts Market, by Country, 2022-2031 (Tons)
Table 101 Asia-Pacific: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 102 Asia-Pacific: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 103 Asia-Pacific: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 104 Asia-Pacific: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 105 Asia-Pacific: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 106 China: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 107 China: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 108 China: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 109 China: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 110 China: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 111 India: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 112 India: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 113 India: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 114 India: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 115 India: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 116 Japan: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 117 Japan: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 118 Japan: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 119 Japan: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 120 Japan: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 121 Australia: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 122 Australia: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 123 Australia: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 124 Australia: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 125 Australia: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 126 South Korea: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 127 South Korea: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 128 South Korea: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 129 South Korea: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 130 South Korea: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 131 Indonesia: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 132 Indonesia: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 133 Indonesia: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 134 Indonesia: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 135 Indonesia: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 136 Malaysia: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 137 Malaysia: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 138 Malaysia: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 139 Malaysia: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 140 Malaysia: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 141 Rest of Asia-Pacific: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 142 Rest of Asia-Pacific: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 143 Rest of Asia-Pacific: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 144 Rest of Asia-Pacific: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 145 Rest of Asia-Pacific: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 146 Latin America: Plant Extracts Market, by Country, 2022-2031 (USD Million)
Table 147 Latin America: Plant Extracts Market, by Country, 2022-2031 (Tons)
Table 148 Latin America: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 149 Latin America: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 150 Latin America: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 151 Latin America: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 152 Latin America: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 153 Brazil: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 154 Brazil: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 155 Brazil: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 156 Brazil: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 157 Brazil: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 158 Argentina: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 159 Argentina: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 160 Argentina: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 161 Argentina: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 162 Argentina: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 163 Mexico: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 164 Mexico: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 165 Mexico: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 166 Mexico: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 167 Mexico: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 168 Rest of Latin America: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 169 Rest of Latin America: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 170 Rest of Latin America: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 171 Rest of Latin America: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 172 Rest of Latin America: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 173 Middle East & Africa: Plant Extracts Market, by Product Type, 2022–2031 (USD Million)
Table 174 Middle East & Africa: Plant Extracts Market, by Product Type, 2022–2031 (Tons)
Table 175 Middle East & Africa: Plant Extracts Market, by Form, 2022–2031 (USD Million)
Table 176 Middle East & Africa: Plant Extracts Market, by Source, 2022–2031 (USD Million)
Table 177 Middle East & Africa: Plant Extracts Market, by Application, 2022–2031 (USD Million)
Table 178 Recent Developments, by Company (2020–2024)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2024, the Essential Oils Segment to Dominate the Global Plant Extracts Market
Figure 8 In 2024, the Liquid Segment to Dominate the Global Plant Extracts Market
Figure 9 In 2024, the Herbs & Spices Segment to Dominate the Global Plant Extracts Market
Figure 10 In 2024, the Food and Beverage Segment to Dominate the Overall Plant Extracts Market
Figure 11 In 2024, Asia-Pacific Dominates the Overall Plant Extracts Market
Figure 12 Impact Analysis of Market Dynamics
Figure 13 Plant Extract Market: Porter’s Five Forces Analysis
Figure 14 Global Plant Extracts Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 15 Global Plant Extracts Market, by Product Type, 2024 Vs. 2031 (Tons)
Figure 16 Global Plant Extracts Market, by Form, 2024 Vs. 2031 (USD Million)
Figure 17 Global Plant Extracts Market, by Source, 2024 Vs. 2031 (USD Million)
Figure 18 Global Plant Extracts Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 19 North America: Plant Extracts Market Snapshot (2024)
Figure 20 Europe: Plant Extracts Market Snapshot (2024)
Figure 21 Asia-Pacific: Plant Extracts Market Snapshot (2024)
Figure 22 Latin America: Plant Extracts Market Snapshot (2024)
Figure 23 Middle East & Africa: Plant Extracts Market Snapshot (2024)
Figure 24 Key Growth Strategies Adopted by Leading Players (2021–2024)
Figure 25 Global Plant Extracts Market Competitive Benchmarking, by Product Type
Figure 26 Global Plant Extracts Market Competitive Benchmarking, by Source
Figure 27 Competitive Dashboard: Global Plant Extracts Market
Figure 28 Givaudan SA: Financial Overview (2023)
Figure 29 International Flavors & Fragrances Inc: Financial Overview (2023)
Figure 30 Sensient Technologies Corporation: Financial Overview (2023)
Figure 31 ROBERTET SA: Financial Overview (2022)
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