New York, Sept. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Plant Extracts Market by Product Type, Application, Form, Source and Region – Global Forecast to 2027” – https://www .reportlinker .com/p05797478/?utm_source=GNW
They are used in many applications for the food, beverage, cosmetic and pharmaceutical industries. Plant extracts are experiencing increased demand due to changing consumer lifestyles and preferences for natural and organic products.
Consumers are increasingly aware of the health benefits associated with herbal extracts, which provides manufacturers with a growing opportunity to incorporate these herbal extracts into various applications. revolutionary products with a range of applications.
These ingredients are also used in cosmetics and skin care preparations, and this market is booming due to increased awareness of maintaining healthy skin. Other factors, such as healthy aging and the threat of antimicrobial resistance, also contribute significantly. Likewise, in the food and beverage industry, there is an increasing trend to consume natural ingredients with additional functional properties, which has driven the demand for herbal extracts.
By application, there is an increased use of herbal medicines, driving the growth of the herbal extracts market
Plant extracts have served as an important source of bioactive compounds for various drug discovery programs, and several important drugs have been isolated and identified from plants. Beyond their direct use in traditional medicine, medicinal plants are used on an industrial scale to produce total extracts and tinctures, purified extracts and chemicals.
Regulatory approval of some of the better known herbal extracts has potentially been made easier than that of new chemical entities. Some phytochemical companies focus their efforts on single molecules or plant extracts with the aim of simplifying the regulatory process by avoiding complex mixtures and combinations.
By source, increasing use of flower extracts in cosmetics and fragrance industry is driving the growth of herbal extracts market
Flower extracts are used in several applications, ranging from food and beverages to pharmaceuticals and dietary supplements. In food and beverage application, flowers and fruits are generally used to provide flavors and aromas.
Flower essential oils, when incorporated into finished products, impart various benefits, such as a pleasant aroma in perfumery, shine or conditioning effects in hair care products, and improved elasticity. skin. The considerably high application potential of flower extracts is also used in perfumes.
Extracts of certain other flowers such as hibiscus, chamomile, magnolia, and echinacea are widely used in pharmaceutical and dietary supplement applications due to the various therapeutic effects they offer.
North America region is expected to grow at the highest CAGR during the forecast period
The North America region has the highest consumption of herbal extracts and hence is expected to play an important role in the global market. The region is one of the major importers of various types of herbal extracts due to the continued acceptance of essential oils, oleoresins and flavonoids. , since oleoresins and essential oils are used in nearly every food application in the United States to add natural spice attributes such as flavor, color, or as a natural antioxidant.
Antibiotic and hormone-free ingredients, local and organic consumer goods are expected to gain market share as consumers seek these green and ethical attributes in their dietary supplements, cosmetics and food and beverage products to adapt to the new trend. of lifestyle. These trends are further expected to attract investments from herbal extract product manufacturers across the globe, boosting the herbal extract market.
Distribution of primaries:
• By value chain side: demand side-41%, supply side-59%
• By designation: CXO – 31%, Managers – 24%, D-Level – 30% and Executives – 45%
• By region: Europe – 25%, Asia-Pacific – 15%, North America – 45%, Rest of the world – 5%, South America – 10%
Key Players Featured in This Report:
• International Flavors & Fragrances Inc. (United States)
• Givaudan (Switzerland)
• Symrise (Germany)
• Kerry Group Plc (Ireland)
• ADM (United States)
• Synthite Industries Ltd (India)
• Kalsec Inc. (United States)
• Kangcare bioindustry co. ltd. (China)
• Carbery Group (Ireland)
• DSM (Netherlands)
• Dohler (Germany)
• Synthite Industries Ltd (India)
• Indesso (Indonesia)
• Vidya Herbs (India)
The report segments the herbal extracts market on the basis of product type, application, form, source and region. In terms of insights, this report has focused on different levels of analyzes – competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the segments Emerging and High Growth Global Plant Extracts, High Growth Regions, Countries, Government Initiatives, Drivers, Restraints, Opportunities and Challenges.
Reasons to buy this report:
• To have a complete overview of the plant extracts market
• To get far-reaching insights on major players in this industry, their product portfolios and key strategies adopted by them
• To get an overview of major countries/regions in which the Herbal Extracts Market is flourishing
Read the full report: https://www.reportlinker.com/p05797478/?utm_source=GNW
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