Plant Extracts Market Share, Size, and Trends by 2028
Plant Extracts Market: Strategic Insights
Plant Extracts Market
-
CAGR (2021 - 2028)7.3% -
Market Size 2021
US$ 29.24 Billion -
Market Size 2028
US$ 47.42 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in vegan and flexitarian diets
- Increased health awareness globally
- Environmental sustainability focus
FUTURE TRENDS
- Technological advancements in texture
- Use of novel plant protein sources
- Focus on local ingredient sourcing
OPPORTUNITIES
- Expansion in Functional Foods
- Growing demand for organic
- Rising interest in Herbal Medicines
Key Players
- Sensient Technologies Corporation
- Givaudan S A
- Symrise
- Dohler
- Indesso
- Synergy Flavors
- International Flavors Fragrances Inc
- Kerry Group Plc
- Ingredion Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Form
- Powder
- Liquid
- Paste
Source
- Fruits & Vegetables
- Herbs & Spices
- Flowers
Application
- Food & Beverages
- Pharmaceuticals & Nutraceuticals
- Personal Care