NEW YORK , July 4, 2022 /PRNewswire/ -- The Insight Partners published latest research study on Plant Extracts Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Form, Source, Application, and Geography, the market is expected to grow from US$ 29.24 billion in 2021 to US$ 47.42 billion by 2028; it is expected to grow at a CAGR of 7.3% from 2022 to 2028.Consumers are highly concerned about the food they consume. They are paying attention to ingredients used in processed food products. Further, consumers are focusing on holistic and conscious consumption and prefer products with ethically sourced ingredients.
Therefore, herbal and natural products are becoming increasingly popular, owing to their perceived health benefits. Consumers are ready to pay high prices for products free of synthetic ingredients. Moreover, they increasingly prefer food and beverage products free of synthetic flavors, colors, and other food additives. Due to these factors, the plant extracts market is expected to propel in the coming years. Plant Extracts Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Form (Powder, Liquid, and Paste), Source (Fruits & Vegetables, Herbs & Spices, Flowers, and Others), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others), and Geography
Request Sample PDF Brochure of Plant Extracts Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at - https://www.theinsightpartners.com/sample/TIPRE00017876/
Plant Extracts Market - Strategic Insights
No. of Charts & Figures
North America; Europe; Asia Pacific; Latin America; MEA
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Plant Extracts Market: Competitive Landscape and Key Developments
Sensient Technologies Corporation; Givaudan S.A.; Symrise; Dohler; Indesso; Synergy Flavours; International Flavors and Fragrances Inc.; Kerry Group Plc; Ingredion Inc.; and Kemin Industries, Inc. are a few leading players operating in the plant extracts market. These players are focused on developing innovative products to meet the changing requirements of consumers. For instance, in may 2022 , Symrise has announced launch of new product range of aronia (Aronia melanocarpa) health actives, containing extract (patent application filed) and aronia juice powder, both standardized in polyphenols and anthocyanins.
The plant extracts market in South and Central America is projected to register the highest CAGR during the forecast period. The awareness regarding health and nutrition has increased significantly. Moreover, rising disposable income and improving lifestyle are among the key factors driving the growth of the plant-based food & beverages industry in the region. Moreover, the increasing demand for natural ingredients in South and Central America is attributed to the availability of a wide range of products at affordable prices. Thus, the rising food & beverage products demand in the region is potentially bolstering the across South & Central America .
Inquiry Before Purchase: https://www.theinsightpartners.com/discount/TIPRE00017876/
Growing Inclination Toward Herbal Products
Consumers often prefer herbal and natural products as healthier alternatives to synthetic products. Therefore, producers tend to replace chemical ingredients with natural ingredients. In India , Ayurveda has a 5,000-year-old rich heritage of using plants as alternative medicines in the treatment of various human ailments. Various end-use industries are using plant extracts for the manufacturing of herbal products, such as herbal food and beverages, herbal medicines, and herbal cosmetic products.
The demand for herbal cosmetics and personal care products is increasing. Manufacturers are also investing in the cosmetics industry. In October 2021 , specialty chemicals firm Evonik Industries signed an agreement to purchase Switzerland -based plant extract manufacturer Botanica, positioning the company to progress on its goal of becoming a leader in the active cosmetic ingredient market. Thus, the increasing demands for herbal skincare products and herbal medicines fuel the growth of the plant extracts market.
Plant Extracts Market: Segmental Overview
Based on form, the plant extracts market is segmented into powder, liquid, and paste. The powder segment is projected to register the highest CAGR during the forecast period. Powder form reduces the risk of spilling and can be shipped easily. The powdered plant extracts are more concentrated than liquid extracts, and it helps deliver essential ingredients per application. The powdered plant extracts from flowers, herbs and spices, and fruits and vegetables are widely used in beverages, such as alcoholic beverages and soft drinks. Plant extract powder is in huge demand in the cosmetics and personal care industry, which drives the plant extracts market growth for the segment.
Have a question? Speak to Research Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00017876/
Based on source, the plant extracts market is segmented into fruits & vegetables, herbs & spices, flowers, and others. The herbs and spices segment held the largest market share in 2020, and the flowers segment is projected to register the highest CAGR during the forecast period. Flowers are a natural source of bioactive compounds with antioxidant, anti-inflammatory, and antiageing properties and can also be used as natural dyes in the cosmetic industry. The growing popularity of natural ingredients and their different formulations used in hair care, facial treatment, and perfumes propels the demand for floral extracts.
Based on application, the plant extracts market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The food & beverages segment accounted for the largest share in 2021. In the food & beverages industry, plant extracts are generally used as flavorings agents, colorants, antioxidants, and taste enhancers, meeting the nutritional demand of consumers and adding value to products. Nowadays, global consumers seek products with natural ingredients and added functional properties that support a healthy lifestyle. Hence, plant extracts are increasingly becoming essential additives in the food industry due to their bioactive compounds, such as polyphenols and carotenoids.
Plant extracts are prepared by extracting significant components and phytochemicals from specific plant part, namely, root, stem, fruit, leaves or seeds, by a feasible extraction technology. During extraction process, the plant constituents are solubilized in solvent. The solvent from obtained solution is eliminated, to isolate plant extract. These extracts contain bioactive components which possess functional properties and health benefits. The plant extracts are widely utilized in food, beverage, nutraceutical, flavors, fragrances and personal care industries, as a result is expected to drive the growth of plant extract market. Moreover, rising consumer awareness and shift of customer preferences towards natural ingredients is anticipated to drive plant extract market.
Avail Lucrative DISCOUNTS on 'Plant Extracts Market' Research Study: https://www.theinsightpartners.com/discount/TIPRE00017876/
Over the past few years, awareness regarding environmental sustainability has increased significantly along with rising demand for herbal products. Consumers often see herbal and natural products as healthier alternatives to synthetic products, to respond to this trend, producers tend to replace chemical ingredients with natural ingredients. Herbal and natural products are becoming increasingly popular, owing to their perceived health benefits. Plant extracts are primarily added to cosmetic formulations due to several associated properties such as antioxidant, anti-inflammatory, antiseptic and antimicrobial properties. The demand for herbal cosmetics and personal care products is increasing. Herbal cosmetics products claimed to have efficacy and intrinsic acceptability due to routine use in daily life and avoid the side effects which are commonly seen in synthetic products.
Moreover, consumers increasingly prefer food and beverage products free of synthetic flavors, colors, and other food additives. Further, consumers are focusing on holistic and conscious consumption and prefer products with ethically sourced ingredients. The increasing consumer awareness about the adverse health effects of consuming synthetic ingredients driving the demand for natural ingredients in food and beverage industries. The use of plant extracts as an antioxidant, antimicrobial agent, and preservative is increasing in food and beverage industry. The customers have awareness of the negative effects of consuming food and beverages with synthetic ingredients.
The use of various artificial flavorings in food and beverages is prohibited by a number of health organizations and food safety associations. For instance, the US Food and Drug Administration (FDA) banned seven artificial flavors that have been linked to cancer on October 5th, 2018 . The FDA advised using the naturally extracted alternatives of the flavors that were prohibited since they are a safer option. Eight artificial flavorings that were formerly included in ice cream, baked goods, confectionery, and beverages had been prohibited by the FDA.
Directly Purchase Premium Copy of Plant Extracts Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00017876/
Impact of COVID-19 Pandemic on Plant Extracts Market
Supply chains were completely disrupted due to nationwide lockdown and border restrictions enacted by various governments during the initial period of COVID-19 pandemic, which affected the production and distribution of several products. However, the pandemic had a short-term impact on the food industry. The plant extracts market experienced positive effects of the crisis. Consumers' focus increased on immunity and wellness during the peak pandemic period. Therefore, the demand for herbal products also increased. Consumption of dietary supplements is anticipated to rise in the coming years due to customers' increased concerns about maintaining their health amid the fear and panic caused by the COVID-19 pandemic. Additionally, the rising use of medicinal plant extracts in pharmaceutical products is influenced by consumers' shift to plant-derived supplements.
Browse Latest and Related Reports:
Meat Extract Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Beef, Pork, Chicken, and Others), Form (Powder, Liquid, and Others), and Application (RTE & RTC Meals, Sweet & Savory Snacks, Soups & Sauces, and Others)
Food Grade Gases Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Carbon Dioxide, Nitrogen, Oxygen, Others); Application (Freezing and Chilling, Packaging, Carbonation, Others); End-Use (Beverages, Meat Poultry and Seafood Products, Dairy and Frozen Products, Fruits and Vegetables, Convenience Food Products, Bakery and Confectionery Products, Others); Mode of Supply (Bulk, Cylinder) and Geography
Confectionery coatings Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Flavor (Milk Chocolate, Fudge, Caramel, Citrus, Berries, Others.); Form (Wafers, Blocks, Others.); Product Type (Biscuits and Cookies, Dried Fruits and Nuts, Candies, Lollipops, Others.) and Geography
Fungicides Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Chemical Fungicides, Bio Fungicides); Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others); Application (Seed Treatment, Foliar, Soil Treatment, Others) and Geography
Herbicides Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Glyphosate, Diquat, 2,4-D, Others); Mode of Action (Non-Selective, Selective); Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others) and Geography
Spices and Herbs Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Turmeric, Pepper, Paprika, Nutmeg, Cardamom, Cumin, Mustard Seed, Cloves, Ginger, And Others); Application (Meat and Poultry Products, Snacks and Convenience Food, Soups Sauces and Dressings, Bakery and Confectionery, Others) and Geography
Immunity Boosting Food Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Herbs and Spices, Nuts and Seeds, Fruits and Vegetables, Dairy-Based Products, Probiotics and Prebiotics, Others); Distribution Channel (Store-Based, Non-Store-Based) and Geography
Flavored Syrup Market to 2027 - Global Analysis and Forecasts By Flavor (Fruit, Chocolate, Vanilla, Herbs and Seasonings, and Others); Flavor Type (Sweet, Salty & Savory, Sour, and Mint); Application (Beverages, Dairy & Frozen Desserts, Confectionery, Bakery, and Others); and Geography
Beverage Flavoring Systems Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Ingredients (Flavoring Agents, Flavor Carriers, Flavor Enhancers, Others); Beverage Type (Alcoholic, Non-Alcoholic, Others); Type (Chocolates and Browns, Dairy, Herbs and Botanical, Fruits and Vegetables, Others); Origin (Natural, Artificial, Nature-Identical); Form (Liquid, Dry) and Geography
Specialty Cheese Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Goat Milk, Cow Milk, Sheep Milk, Buffalo Milk); Flavor (Herbs and Spices, Fruits, Nuts, Others); Distribution Channel (Store-Based, Non-Store Based) and Geography
Air Dried Food Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fruits and Vegetables, Herbs and Spices, Meat and Seafood Products, Others); Form (Whole, Slices, Powder and Granules, Others); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Geography
Seed Coating Materials Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Polymers, Colorants, Binders, Minerals/Pumice, Other Additives); Crop Type (Cereals and Grains, Fruits and Vegetables, Flowers and Ornamentals, Oilseeds and Pulses, Others) and Geography
Commercial Greenhouse Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Equipment (Heating Systems, Cooling Systems, Others); Type (Glass Greenhouses, Plastic Greenhouse); Crop Type (Flowers and Ornamentals, Nursery Crops, Fruits and Vegetables, Others) and Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876 Press Release: https://www.theinsightpartners.com/pr/plant-extracts-market More Research Reports from Food and Beverages Market: https://www.theinsightpartners.com/categories/food-and-beverages
Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/plant-extracts-market-size-worth-us-47-42bn-by-2028-at-7-3-cagr-with-deep-dive-analysis-of-18-countries-across-5-key-regions-50-companies-scrutinized-by-the-insight-partners-301580112.html
(Bloomberg) -- Gasoline prices in the US just saw the biggest single-day drop in more than a decade. Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsStocks Score Weekly Gain as Jobs Fuel Rate Bets: Markets WrapShinzo Abe's Assassination Will Scar Japan ForeverAverage US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest da
Millions of barrels of oil from the U.S. Strategic Petroleum reserve are being exported to Europe and Asia despite record-breaking fuel prices
(Bloomberg) -- Western nations made a mistake by imposing energy sanctions on Russia, and if they persist with further restrictions it will be a catastrophe for global markets, said President Vladimir Putin.Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsStocks Score Weekly Gain as Jobs Fuel Rate Bets: Markets WrapShinzo Abe's Assassination Will Scar
Gas futures are falling as prices have already receded from recent highs.
“We need the excesses to get weeded out,” Ruchir Sharma told CoinDesk TV.
Deere’s John C. May is enhancing the company’s equipment business with technologies that help customers be more productive and efficient.
From vaccines for Lyme disease to treatments for migraines, CEO Albert Bourla is looking for ways to make a difference in patients’ lives.
U.S. drivers had high hopes that the historic release of oil from the nation's Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at the pump, but costs for both have seen little relief.
At Illumina, we are driven by the power of genomics to positively impact the world and shape a more sustainable and equitable future for all.
The 33-year-old man, identified only by his pseudonym Chen Li to protect his identity, was initially diagnosed with appendicitis after complaining of abdominal discomfort and blood in his urine, according to South China Morning Post. Despite being treated for appendicitis, Chen’s symptoms persisted. After traveling some 930 miles from Sichuan province to Guangzhou to visit a hospital that treats genitalia issues, Chen discovered through medical examination that he also had female reproductive organs, such as a uterus and ovaries.
Apple Inc.’s decision to end imports of tungsten from Russia sets an example to other major U.S. corporations in this challenging geopolitical climate, according to Lewis Black, CEO of tungsten mining company Almonty Industries Inc. “I think it’s very important that Apple did what it did,” said Black. “I would not be surprised now if more [companies] do follow [Apple’s lead].”
Oil markets saw one of the largest single-day declines in history this week, but the realities of supply and demand have since sent prices bouncing higher.
The stock markets tumbled and a short-seller slammed Nio (NYSE: NIO) for fudging its numbers last month, but the electric vehicle (EV) stock still ended June with solid 24.9% gains, according to data provided by S&P Global Market Intelligence. A new product launch and big plans for the near future helped the stock bottom after its steep fall this year through May, and Nio stock has sustained its momentum in July so far. Nio put to rest investors' fears about decelerating growth when it released its delivery numbers for May on the first day of June.
Sophie Wild delivered her second baby without medical intervention and describes the experience as 'amazing, powerful and totally natural'.
Gas prices have started to slowly decline thanks to decreasing oil prices, and one analyst is expecting that trend to continue throughout the month.
Demand for vaccines is currently far outstripping supply; an infectious disease expert said the next batch of vaccines will be key to make immunity more widespread.
Although fears may be growing that another COVID-19 surge will be upon us in the coming months, there is some indication that the future is now.
Mental health advocate Fonda Bryant shares how her own suicidal thoughts inspired her to help others address their mental health.
The catalysts weighing on prices were a slow rise in output and weather forecasts calling for less demand next week than previously expected.
A significant downturn in commodity prices this week may give the Federal Reserve cover to reconsider plans to aggressively hike interest rates, according to Andrew Hunter, senior U.S. economist at Capital Economics.