Plant Extracts Market Overview:
The purpose of this study is to provide an in-depth analysis of the Plant Extracts market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Plant Extracts industry. The study also provides a thorough examination of the market's value chain.
Estimated Increase in Revenue:
Plant Extracts Market size was valued at US$ 30.63 Bn. in 2021 and the total Plant Extracts revenue is expected to grow at 13.2% from 2022 to 2029, reaching nearly US$ 82.59 Bn.
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Plant Extracts Market Scope:
The research method used to assess and forecast the Plant Extracts market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Plant Extracts market.
Plant Extracts Market Dynamics:
The cosmetics industry is currently seeing an increase in the use of natural extracts. The reduction of oxidative stress in the skin, which has been associated to ageing, can be achieved by using antioxidants in topical formulations. The majority of herbal ingredients used in cosmetics are typically selected through a trial-and-error process, and are thus used based on experience rather than experimental research. But mounting scientific data suggests that plants possess a vast and complex arsenal of active substances that can actively repair, heal, and protect human skin.
Plant Extracts Market Segmentation:
The food and beverage application is anticipated to expand at a CAGR of 8.1% over the course of the projected period. The food and beverage sectors are becoming more and more interested in botanical components. Between 2017 and 2020, sales of beverages with plant extracts increased by 46%. Furthermore, more than 97% of consumers polled globally stated that botanical ingredients and tastes appeal to them in a 2021 global consumer research study titled Botanical State of Mind: Uncovering customers' personal and emotional affinity with botanicals. For the study, more than 6,500 consumers were surveyed in 12 nations across North America, Europe, Latin America, Asia Pacific, and Africa.
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Major Plant Extracts Market Competitors:
• Givaudan
• Sensient Technologies
• Symrise AG
• Kangcare Bioindustry
• PT. Indesso Aroma
• PT. Haldin Pacific Semesta
• Vidya Herbs Private Limited
• Tokiwa Phytochemical
• Native Extracts
• Shaanxi Jiahe Phytochem
• Synthite Industries
• Döhler
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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Key Questions Answered in the Plant Extracts Market Report are:
- Which segment had the largest share in the Plant Extracts market?
- How is the competitive scenario of the Plant Extracts market in 2029?
- Which are the key drivers impacting the Plant Extracts market growth?
- Which region holds the maximum share in the Plant Extracts market?
- What will be the CAGR of the Plant Extracts market during the forecast period (2022-2029)?
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Maximize market research, a global market research firm with a dedicated team of specialists and data, has carried out extensive research about the online event ticketing market. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Maximize Market Research has a strong, unified team of industry specialists and analysts across sectors to ensure the entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends, and futuristic – the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, the company’s approach is uniquely custom detailed.
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