PERILLA EXTRACT MARKET ANALYSIS

Regional Analysis

Global Perilla Extract Market- Regional Insights

Asia Pacific (APAC): Asia Pacific is the dominant market for perilla extract, attributed to its deep-rooted cultural significance and traditional use of perilla extract in countries like China, Japan, and South Korea. The region is expected to maintain its market leadership. Furthermore, increasing awareness about health benefits of perilla extract in Western countries boosts its demand. In 2023, Asia Pacific is estimated to account for 65% of the global market share for perilla extract. The region's market growth is fueled by rising demand in the food and beverage, cosmetics, and pharmaceutical industries. China, Japan, and South Korea are major contributors to the perilla extract market in APAC.

North America: The demand for perilla extract is growing in North America due to  rising interest in natural and functional ingredients in the food and beverage, nutraceutical, and cosmetic industries. Various applications have witnessed increased adoption of perilla extract. In 2023, North America is estimated to account for 15% of the global market share for perilla extract. The U.S. serves as the primary market for perilla extract in the region.

Europe: Europe demonstrates significant potential in the perilla extract market. Market growth in the region is propelled by the increasing consumer preference for natural and plant-based ingredients, along with the expanding market for functional foods and beverages. The cosmetics and personal care sector also shows growing interest in perilla extract. In 2023, Europe is estimated to account for 10% of the global market share for perilla extract. Germany, France, and Italy are major markets for perilla extract within Europe.

Geographies covered:

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa:  GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East