Plant Extracts Market: most of the modern pharmaceutical medicines are derived from plant

Plant Extracts Market: By Type (Phytochemicals, Essential Oils, Oleoresins, Others) By Form (Powdered, Liquid, Others) End-Use Industry (Nutraceuticals, Cosmoceuticals, Functional Food & Beverage and Pharmaceuticals)

Plant extracts are the derived ingredients from plants in liquid, powdered or any other form. These extracts are derived from leaves, roots, seeds, flowers or any part of the plant. These extracts have been the primary source of medication since the ancient times. With the end-use industries recognizing the importance of these extracts and the demand for them among consumers is increasing.

Manufacturers have been involving in R&D significantly to identify, develop and commercialize new herbal extracts. In the recent years, plant extracts industry has witnessed path breaking inventions that transform to the consumable medicines in the near future

Driving factors of this Market:

·         Highly improving interest towards self-grooming among the public

·         Growing number of people who use the beauty products

·         Increased awareness in people regarding side effects of the beauty products

Post-Survey Insights:

The Global Market of Plant Extracts is estimated to grow from around $41.5bn to around $79.2bn at a CAGR of 11.4% during the forecast period. Phytochemicals are estimated to grow the fastest, with a CAGR of 11.7%.

Plant Products Market forms around 3%-4% of the Global Personal Care Market among which Germany itself accounts for around one-fourth of the Global Plant Personal Care Products.

In 2013, skin care products segment accounted for around 32% of the global market followed by hair care products forming nearly 27% of the total market.

According to the IndustryARC marketing research analysis studies, The APAC region is expected to witness the maximum growth in the Plant Extracts Market owing to rich traditional methods of healing in China and India. The rise in ancient medical treatment methods will boost the plant extracts industry through 2020.

Segmentation and key players of the Plant Extracts Market:

The Plant Extracts Market is segmented into various categories in the IndustryARC market research report by type, by form, by end use industry and by geography.

1.       By type: phytochemicals, essential oils and others

2.       By form: powdered, liquid and others

3.       By end use industry: pharmaceuticals, cosmeceuticals and functional food and beverages

4.       By Geography: North America, South America, Europe, Asia Pacific and ROW

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Key Company Players of the Industry:

·         Organic Herb Inc.,

·         Plant Extracts International Inc.,

·         Network Nutrition,

·         FT Technologies,

·         Lehmann & Voss & Co.

Key Countries dealing in this Market:

·         United States,

·         Europe (including Germany, France),

·          China,

·         India,

·         Korea.

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