The plant extracts market is estimated to be valued at USD 42.54 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031. The global plant extracts market has seen substantial growth in recent years due to increasing demand from various end-use industries such as food and beverages, cosmetics, and pharmaceuticals. Plant extracts contain numerous bioactive compounds with several health benefits. Components, such as phytochemicals, antioxidants, polyphenols, and flavonoids extracted from plants, are commonly used in dietary supplements, functional foods, and cosmetic products due to their therapeutic properties. The rising health consciousness among consumers is a major driver for the increased consumption of plant derived ingredients in both developed and emerging economies worldwide. With rapid urbanization and growing prevalence of lifestyle diseases, the commercial applications of plant extracts are expected to significantly expand over the coming years.

Market Dynamics:

The global plant extracts market is driven by increasing health awareness, rising disposable incomes, and growth of end-use industries such as food and beverages, nutraceuticals, and cosmetics. Consumer preference for herbal and natural products free from synthetic ingredients is propelling the demand for plant extracts. However, high costs associated with R&D activities for developing new extraction methods and standardized extracts could hinder the market growth. Expanding applications of plant extracts in developing areas like organic farming and animal feed additives present lucrative opportunities. Stringent quality and safety regulations particularly for extracts used in pharmaceuticals and food pose a challenge to industry stakeholders.

Key Features of the Study:

• This report provides in-depth analysis of the global plant extracts market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global plant extracts market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Symrise AG, Sensient Technologies Corporation, International Flavors & Fragrance Inc., Givaudan, Synergy Flavors, Synthite Industries Private LTD, PT Indesso Aroma, Vidya Herbs Private Ltd., Nutra Green Biotechnology Co. Ltd, Kalsec Inc.,  Indena S.p.A.,  Naturex Inc.,  Mane Fils SA,  Kalsec Inc.,  Döhler GmbH, Vidya Herbs , Indesso , Kangcare Bioindustry Co., Ltd, Martin Bauer GmbH & Co. KG, Native Extracts Pty. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global plant extracts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plant extracts market.

Detailed Segmentation-

• By Product Type:
• • Spices
  • Essential Oils
  • Phytochemicals
  • Others
• By Form:
• • Dry
  • Liquid
• By Application:
• • Pharmaceuticals
  • Food and Beverages
  • Personal Care
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Symrise AG
  •  Sensient Technologies Corporation
  •  International Flavors & Fragrance Inc.
  •  Givaudan
  •  Synergy Flavors
  •  Synthite Industries Private LTD
  •  PT Indesso Aroma
  •  Vidya Herbs Private Ltd.
  •  Nutra Green Biotechnology Co. Ltd
  •  Kalsec Inc.
  •  Indena S.p.A.
  •  Naturex Inc.
  •  V. Mane Fils SA
  •  Kalsec Inc.
  •  Döhler GmbH
  • Vidya Herbs
  • Indesso
  • Kangcare Bioindustry Co., Ltd
  • Martin Bauer GmbH & Co. KG
  • Native Extracts Pty. Ltd.