The worldwide plant extract market is predicted to develop due to rising need for plant extracts in the beverages and food, pharmaceutical, and cosmetics industries.
Plant extracts are utilized in the cosmetics and personal care products for fragrances, skin care, and products for hair care. These extracts are used in skin care products to treat eczema, acne, and dryness, as well as for free-radical scavenging, anti-inflammatory, and anti-aging properties. They are utilized as growth accelerators, colorants, and anti-dandruff compounds in hair care products. The growing trend of utilizing natural extracts in cosmetics is projected to raise demand for plant extracts even further. The absence of uniform rules governing plant extract uses is projected to limit market expansion throughout the forecast period. Each country has its own set of rules for the usage and use of plant extracts.
Coherent Market Insights mentions in its study that the global Plant Extracts Market was valued at US$ 44,345.6 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030).
Leading Companies in the Plant Extract Industry:
1. Symrise AG
Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. It operates in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. Symrise AG was founded in 1874 and is headquartered in Holzminden, Germany.
2. Sensient Technologies Corporation
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group. The company was incorporated in 1882 and is headquartered in Milwaukee, Wisconsin. Sensient Technologies Corporation on October 2022, announced that it has acquired Endemix Doğal Maddeler A.Ş. (Endemix). Endemix, located in Turkey, is a vertically integrated natural color and extracts company servicing the food and beverage markets. The acquisition of this business strengthens Sensient’s extensive natural color portfolio capabilities and puts Sensient operations closer to key botanical growing areas.
3. International Flavors & Fragrance Inc.
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments. International Flavors & Fragrances Inc. was founded in 1833 and is headquartered in New York, New York. On 1 February 2021, the $26.2 billion mega merger of International Flavors & Fragrances and DuPont Nutrition and Biosciences, solidifies IFF's place as one of the biggest players in the ingredients space
4. Givaudan
Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through in divisions, Fragrance & Beauty, and Taste & Wellbeing. t operates in Switzerland, Europe, Africa, the Middle East, North America, Latin America, and the Asia Pacific. The company was founded in 1796 and is headquartered in Vernier, Switzerland. Givaudan SA has acquired 20 companies, including 16 in the last 5 years
5. Dohler GmbH
Döhler S.A. manufactures and sells textile products in Brazil. It offers bed products, table clothing, shower, bathing clothes, and industrial and hotel textiles, as well as curtains, handicrafts, decoration products, and infantile products. The company was founded in 1881 and is headquartered in Joinville, Brazil.
6. Synergy Flavors, Inc.
Synergy Flavors, Inc. provides artificial flavours and colours of different products. The Company manufactures flavours, extracts, syrups, and powders of different products like coffee, tea, botanical, herbal, fruit and vegetables. Synergy Flavors serves customers in the United States, United Kingdom, and Portugal. The company is founded in 1886, headquartered in United States.
7. PT Indesso Aroma
Indesso was founded in 1968, headquartered in Indonesia. Presently Indesso is recognised as the world leader in essential oils, particularly in clove oil derivatives and a prominent manufacturer of ingredients for multi-industry such as food, flavor, fragrance, and pharmaceutical.
8. Kalsec Inc.
The company founded in 1958, Today, Kalsec® is an international leader in the development of natural taste and sensory solutions, colors, food protection, advanced hop products, dry products and nutritional ingredients for the manufactured food, beverage, nutritional and pharmaceutical markets. The company is headquartered in Kalamazoo, Michigan. Infinome™ Biosciences, a next generation biomanufacturing company, and Kalsec® Inc on August 2022, announced a new partnership to develop and commercialize multiple precision fermentation products. The partnership will deliver naturally produced, highly innovative ingredients with superior quality and consistency, in the most sustainable way possible.
9. V. Mane Fils SA
V. Mane Fils manufactures and researches fragrances and flavor. The Company produces a wide range of essences, aroma chemicals, food flavors, synthetic molecules, and natural ingredients for diverse applications. V. Mane Fils markets its products worldwide. The company was established in 1871, headquartered in Le Bar-sur-Loup, in the South of France.
*Definition-A plant extract is a material that contains chemicals such as resin alcohols, starches, hydrocarbon resins, gums, phlegmatics, carotenoids, and quinones.
