Plant Extracts Market Research Report - Global Forecast till 2028

Plant Extracts Market: Information by Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances), by Source (Fruits, Flowers & Bulbs, Leaves, Rhizomes & Roots, Barks & Stems), by Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Personal Care, and Others) and by Region (North America, Europe,Asia-Pacific, South America, and Middle East & Africa)—Forecast till 2028

ID: MRFR/F-B & N/9177-CR | August 2021 | Region: Global | 99 pages

Plant Extracts Market Overview


Plant extracts market is projected to register a CAGR of 5.57% and reach a value of USD 53,694.4 million by 2028. A plant extract is a substance or an active ingredient with desirable properties; this extract is removed from the plant tissues, usually by treating it with a solvent, to be used for a particular purpose. Roots, bulbs, fruits, leaves, barks, and stems are among the major sources of plant extracts. Aloe vera extracts, citrus fruits extracts, herbal extracts, flower extracts, and other plant extracts are widely used in herbal medicines, food & beverages additives, functional food & beverages, and personal care.The rising demand for dietary supplements products is supporting the rise in the sales of plant extracts among consumers.The increasing use of plant extracts in personal care products consumers is expected to drive the growth of the global plant extracts market during the forecast period. Furthermore, the growing demand for natural food ingredients is further expected to witness the growth of the global plant extracts market during the forecast period. However, limited availability and fluctuating prices of raw materialsare expected to hinder market growth in the coming years.


COVID-19 Impact Analysis


The advent of the global pandemic, COVID-19, resulted in a global crisis. Impacting over 210 countries, the outbreak has already created an economic backlog worldwide. With over 165 million COVID-19 cases worldwide, along with 3.4 million fatalities during the fourth week of May 2021, the global pandemic COVID-19 is deemed to create a chaotic environment, thereby resulting in global rescission. With the rapidly rising cases, the global plant extractsmarket is getting affected in many ways.


As the global economy struggles with the pandemic situation, its impact on the global trade and supply chain is growing owing to the rapid weakening of global investment flows. Strict containment measures imposed by the governments of various countries and preventive measures to control the impact of the outbreak have led to significant restrictions in transportations, driving a knock-on effect globally. Transportation is crucial in the supply chain of any market, as it is responsible for transferring the raw materials to manufacturers and then distribute the final product from the manufacturers to the retail market. The pandemic had brought the transportation of goods to a near halt across the globe to stop the spread of the virus.


In these unprecedented times, low working efficiency and lockdown in various regions have led to delays in product delivery. Many logistics companies were operating at low efficiency with very few working staff, which led to the disruption of the supply chain. The low efficiency of delivery systems of e-commerce websites and logistics companies and disruptions in international and modern trade has severely impacted the supply chain of the plant extracts market.


Market Dynamics


The global plant extracts market has witnessed a significant growth rate over the last few years and is projected to register a 5.57% CAGR during the forecast period. Various factors are driving the growth of the market.The rising demand for dietary supplements, increasing use of plant extracts in personal care products, and growing demand for natural food ingredients aremajorly driving the growth of the plant extracts market.The rising demand for natural and organic fragrances and the growing popularity of Ayurveda are also factors creating an opportunistic market for the market players to grow and expand.However, limited availability and fluctuating prices of raw materialsare restricting the growth of the market.


Drivers:


  • Growing Demand for Natural Food Ingredients


The organic segment of the food industry is growing at a significant rate globally. Consumers around the world are becoming more aware of the adverse impact of chemicals on their health. This increasing health consciousness has led to a high preference for products with minimal or no chemicals. The increasing focus of consumers on health and wellness can be attributed to the growing incidences of lifestyle disorders, such as obesity, osteoporosis, diabetes, and cardiovascular diseases. This has changed consumer food choices and perception of natural ingredients. Consumers are also concerned about the impact of chemicals on the environment and health, leading to a shift to organically cultivated and processed products. Thus, the rising consumer preference for natural and clean-label products drives the demand for plant extracts in the food & beverage industry. This demand is especially high in North America and Europe, owing to the high demand for healthy and natural food products. A survey conducted by the International Food Information Council Foundation in the US in 2018 found that around 70% of consumers are willing to shift product choices to avoid artificial ingredients. These consumers are also willing to pay extra for products that do not use artificial ingredients. Considering this trend, several food products and beverages manufacturers are shifting to natural flavors as ingredients that offer several health benefits. Thus, the growing demand for natural food ingredients is expected to drive the global plant extracts market during the forecast period.


Restraint:



  •  Limited Availability and Fluctuating Prices of Raw Materials


The demand for plant extracts has been increasing at a high pace across the globe. Several plant extracts are available in the market; ginger, cinnamon, cardamom, clove, nutmeg, rosemary, pepper, parsley, and thyme are the most widely used by manufacturers of pharmaceuticals and dietary supplements, food & beverages, and cosmetics, among others. Soil and climatic conditions play vital roles in the production of fruits, vegetables, herbs, and spices. Specific temperature requirements are essential for the optimum production of herbs, spices, fruits, flowers, and tea leaves. Therefore, Climatic conditions greatly affect crop production with natural disasters, including hurricanes, landslides, floods, and hostile weather conditions, adversely affecting the overall production of raw materials. Moreover, the production of certain plant extracts is limited to a few countries. For instance, ginger is mostly cultivated In China, India, Thailand, Indonesia, Bangladesh, the Philippines, South Korea, and Sri Lanka. The production of ginger is low in North America and Europe, making market players based in these regions dependent on imports. On the other hand, the production of cinnamon is limited to Sri Lanka, Indonesia, China, Vietnam, the Netherlands, the US, Germany, and France.


Opportunities:



  • Rising Demand for Natural and Organic Fragrance


An increasing number of consumers are interested in buying only chemical-free products. Consumers are becoming highly inclined toward natural and organic personal care products. According to MRFR analysis, the organic personal care products market is projected to reach USD 19.5 billion by 2024. The demand for natural and organic ingredients is increasing among various application industries owing to the rising demand for plant extracts among consumers. Consumers are increasingly becoming aware of the harmful effects of synthetic chemicals, which is influencing manufacturers to adopt natural ingredients in their product offerings. Thus, the demand for plant extracts is increasing, especially in personal care products.


Segment Overview


By Type


Based on type, the global plant extracts market has been segregated into phytomedicines & herbal extracts, essential oils, spices, flavors & fragrances. The phytomedicines & herbal extracts segment accounted for the largest market share in 2020, while essential oils is expected to register the highest CAGR of 5.86% during the forecast period.


By Source


By source, the global plant extractsmarket has been segmented into fruits, flowers, & bulbs, leaves, rhizomes & roots, and barks &stems.Theleaves segment is projected to exhibit the highest CAGR of 5.77% during the forecast period.


By Application


Based on application, the global plant extractsmarket has been segmented into pharmaceuticals & dietary supplements, food & beverages, personal care, and others. The pharmaceuticals & dietary supplements segment accounted for the largest market share of  36.28% in 2020 and is expected to register a CAGR of 5.36% during the forecast period.


Global Plant Extracts Market Share, by Region, 2020 (%)
Plant Extracts Market Share by Region 2020

Sources: MRFR Analysis


Regional Analysis


By region, the global plant extracts market has been dividedinto North America, Europe, Asia-Pacific, South America, Middle East & Africa.North America accounted for the largest market share of 32.02% in 2020. Europe was the second-largest market in 2020 and is projected to exhibit a CAGR of 5.59% during the review period.The market in Asia-Pacific is expected to register the highest CAGR during the forecast period.


North America


North America is an attractive region among the manufacturers of plant extracts. The region accounted for a 32.02 % share of the market in 2020 and is projected to expand at a rate of 5.24% during the forecast period, 2021–2028. The increasing demand for natural ingredients in several food & beverages is anticipated to further propels the growth of the plant extracts market in North America. Product innovation in the food & beverage industry is another major factor leading to market growth. Consumers are highly inclined toward skincare products with natural ingredients, which leads to an increase in the application of plant extracts in radiance and anti-cellulite products. Moreover, the rising demand for herbal medicinal products and supplements is projected to boost the growth of the plant extracts market in the region. In the North American plant extracts market, the US is estimated to retain its dominance during the forecast period. The market in the US is projected to be valued at USD 12,329.1 million by the end of 2028, registering an above-average growth of 5.19%. However, the market in Canada is projected to exhibit the highest CAGR of 5.60% during the review period.


Europe


Europe accounted for the second-highest market share of 30.56% in 2020 and is expected to be the most lucrative regional market for plant extracts during the review period. One of the significant factors for the growth of plant extracts is the increasing consumption of functional beverages, which is exceptionally high in European countries. Consumers prefer healthy and nutritiousdrink alternatives over calorie-heavy soft drinks that have little or no functional benefits. This shift in preference results from the focus on preventive healthcare and the growing awareness of health and wellness among people. Product development and technological upgrade drive the growth of the functional beverages market in the European countries during the forecast period. Apart from that, the increasing demand for chemical-free cosmetics is encouraging the manufacturers of skincare products to incorporate plant extracts and other natural ingredients. The presence of cosmetics manufacturers in the region is expected to lead to the growth of the market during the forecast period. Additionally, the increasing demand for organic plant extracts in application industries is expected to add to the market growth and create opportunities for the market players during the forecast period.


Competitive Landscape


The market comprises tier-1 players along with some local players with diverse product portfolios. Companies such as Givaudan SA (Switzerland), International Flavors & Fragrances Inc (US), Symrise (Germany), Sensient Technologies Corporation (US), and Synergy Flavors Inc. (US) dominate the market due to brand reputation, product differentiation, financial stability, and strong distribution network. The players are focused on lowering their environmental footprint and investing in research and development along with strategic growth initiatives such as acquisitions and product launches to strengthen their market position and capture a large consumer base.


Prominent players in the global plant extractsmarket include Givaudan SA (Switzerland), International Flavors & Fragrances Inc (US), Symrise (Germany), Sensient Technologies Corporation (US), Synthite Industries Ltd (India), Synergy Flavors Inc. (US), Döhler Group (Germany), Indesso (Indonesia), Vidya Herbs (India), and Nutra Green Biotechnology Co., Ltd. (China).


Recent Developments


Few developments that occurred in recent times influencing the market growth of plant extracts are listed below:



  • In February 2021,Givaudan SA partnered with Knowde— a leading marketplace for food and beverage ingredients, personal care, nutritional products, polymers, and chemicals—to expand its online presence in North America. This partnership will help Givaudan become the anchor Taste & Wellbeing store on Knowde's new food and nutrition platform.

  • In June 2020, SPC (Australia) announced a major joint venture partnership with Döhler. This partnership will help Döhler in expanding its operations in Australia and Asia-Pacific.

  • In April 2020,Evolva formed an agreement with International Flavors & Fragrances Inc.to develop and expand with the commercialization of vanillin.

  • In November2019, Givaudan doubled the flavor production capacity in China by expanding its Nantong manufacturing facility.

  • In April2019, International Flavors & Fragrances Incannounced the launch of Henry Rose, a line of fine fragrances, to set a new precedent for transparency in fine fragrance and personal care.

  • In May 2019,Givaudan SA completed the acquisition of Albert Vieille for expanding capabilities in natural ingredients for the fragrance division.


Scope of the Report


Global Plant Extracts Market, byType



  • Phytomedicines & Herbal Extracts

  • Essential Oils

  • Spices

  • Flavors & Fragrances


Global Plant Extracts Market, by Source



  • Fruits, Flowers & Bulbs

  • Leaves

  • Rhizomes & Roots

  • Barks & Stems


Global Plant Extracts Market, by Application



  • Pharmaceuticals & Dietary Supplements

  • Food & Beverages

  • Personal Care

    • Others




Global Plant Extracts Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific



  • South America

    • Brazil

    • Argentina

    • Rest of South America



  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest of the Middle East & Africa




Intended Audience



  • Phytomedicines & Herbal ExtractsManufacturers

  • Essential OilsManufacturers

  • Spices Manufacturers

  • Flavors & FragrancesManufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL PLANT EXTRACTS MARKET, BY TYPE 16

1.1.2 GLOBAL PLANT EXTRACTS MARKET, SOURCE 17

1.1.3 GLOBAL PLANT EXTRACTS MARKET, APPLICATION 18

1.1.4 GLOBAL PLANT EXTRACTS MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 20

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 RISING DEMAND FOR DIETARY SUPPLEMENTS 29

4.2.2 INCREASING USE IN PERSONAL CARE PRODUCTS 29

4.2.3 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS 29

4.2.4 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINT 30

4.3.1 LIMITED AVAILABILITY AND FLUCTUATING PRICES OF RAW MATERIALS 30

4.3.2 RESTRAINTS IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 RISING DEMAND FOR NATURAL AND ORGANIC FRAGRANCES 31

4.4.2 GROWING POPULARITY OF AYURVEDA 31

5 MARKET FACTOR ANALYSIS 32

5.1 VALUE CHAIN ANALYSIS 32

5.1.1 RAW MATERIAL PROCUREMENT 33

5.1.2 PROCESSING 34

5.1.3 PACKAGING 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER’S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 THREAT OF SUBSTITUTES 37

5.3.4 BARGAINING POWER OF BUYERS 37

5.3.5 INTENSITY OF RIVALRY 37

6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL PLANT EXTRACTS MARKET 38

6.1.1 OVERVIEW 38

6.1.2 IMPACT ON PRODUCTION & RAW MATERIAL AVAILABILITY 38

6.1.3 IMPACT ON SUPPLY CHAIN 38

6.1.4 IMPACT ON APPLICATION AREAS 38

7 GLOBAL PLANT EXTRACTS MARKET, BY TYPE 39

7.1 OVERVIEW 39

7.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 40

7.2 PHYTOMEDICINES & HERBAL EXTRACTS 40

7.2.1 PHYTOMEDICINES & HERBAL EXTRACTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40

7.3 ESSENTIAL OILS 41

7.3.1 ESSENTIAL OILS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41

7.4 SPICES 41

7.4.1 SPICES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

7.5 FLAVORS & FRAGRANCES 42

7.5.1 FLAVORS & FRAGRANCES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

8 GLOBAL PLANT EXTRACTS MARKET, SOURCE 43

8.1 OVERVIEW 43

8.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 44

8.2 FRUITS, FLOWERS & BULBS 44

8.2.1 FRUITS, FLOWERS, & BULBS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44

8.3 LEAVES 45

8.3.1 LEAVES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45

8.4 RHIZOMES & ROOTS 46

8.4.1 RHIZOMES & ROOTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

8.5 BARKS & STEMS 47

8.5.1 BARKS & STEMS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

9 GLOBAL PLANT EXTRACTS MARKET, BY APPLICATION 48

9.1 OVERVIEW 48

9.1.1 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 49

9.2 PHARMACEUTICALS & DIETARY SUPPLEMENTS 49

9.2.1 PHARMACEUTICALS & DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.3 FOOD & BEVERAGES 50

9.3.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.4 PERSONAL CARE 51

9.4.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

9.5 OTHERS 52

9.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

10 GLOBAL PLANT EXTRACTS MARKET, BY REGION 53

10.1 OVERVIEW 53

10.2 NORTH AMERICA 55

10.2.1 US 57

10.2.2 CANADA 58

10.2.3 MEXICO 59

10.3 EUROPE 61

10.3.1 UK 63

10.3.2 GERMANY 64

10.3.3 FRANCE 66

10.3.4 ITALY 67

10.3.5 SPAIN 68

10.3.6 RUSSIA 69

10.3.7 REST OF EUROPE 70

10.4 ASIA-PACIFIC 72

10.4.1 CHINA 74

10.4.2 INDIA 75

10.4.3 JAPAN 76

10.4.4 AUSTRALIA & NEW ZEALAND 78

10.4.5 REST OF ASIA-PACIFIC 79

10.5 SOUTH AMERICA 81

10.5.1 BRAZIL 83

10.5.2 ARGENTINA 84

10.5.3 REST OF SOUTH AMERICA 85

10.6 MIDDLE EAST & AFRICA 87

10.6.1 GCC COUNTRIES 89

10.6.2 SOUTH AFRICA 90

10.6.3 REST OF THE MIDDLE EAST & AFRICA 91

11 COMPETITIVE LANDSCAPE 93

11.1 INTRODUCTION 93

11.1.1 MARKET STRATEGY ANALYSIS 93

11.2 COMPETITIVE BENCHMARKING 94

11.3 KEY DEVELOPMENTS 95

11.3.1 EXPANSION 95

11.3.2 PRODUCT LAUNCH 95

11.3.3 ACQUISITION 96

11.3.4 AGREEMENT 96

11.3.5 PARTNERSHIP 97

12 COMPANY PROFILES 98

12.1 GIVAUDAN SA 98

12.1.1 COMPANY OVERVIEW 98

12.1.2 FINANCIAL OVERVIEW 99

12.1.3 PRODUCTS OFFERED 100

12.1.4 KEY DEVELOPMENTS 100

12.1.5 SWOT ANALYSIS 101

12.1.6 KEY STRATEGIES 101

12.2 INTERNATIONAL FLAVORS & FRAGRANCES, INC. 102

12.2.1 COMPANY OVERVIEW 102

12.2.2 FINANCIAL OVERVIEW 102

12.2.3 PRODUCTS OFFERED 103

12.2.4 KEY DEVELOPMENTS 104

12.2.5 SWOT ANALYSIS 104

12.2.6 KEY STRATEGIES 105

12.3 SYMRISE 106

12.3.1 COMPANY OVERVIEW 106

12.3.2 FINANCIAL OVERVIEW 106

12.3.3 PRODUCTS OFFERED 107

12.3.4 KEY DEVELOPMENTS 107

12.3.5 SWOT ANALYSIS 108

12.3.6 KEY STRATEGIES 108

12.4 SENSIENT TECHNOLOGIES CORPORATION 109

12.4.1 COMPANY OVERVIEW 109

12.4.2 FINANCIAL OVERVIEW 109

12.4.3 PRODUCTS OFFERED 110

12.4.4 KEY DEVELOPMENTS 111

12.4.5 SWOT ANALYSIS 112

12.4.6 KEY STRATEGIES 112

12.5 SYNERGY FLAVORS, INC. 113

12.5.1 COMPANY OVERVIEW 113

12.5.2 FINANCIAL OVERVIEW 113

12.5.3 PRODUCTS OFFERED 113

12.5.4 KEY DEVELOPMENTS 113

12.5.5 SWOT ANALYSIS 114

12.5.6 KEY STRATEGIES 114

12.6 SYNTHITE INDUSTRIES LTD 115

12.6.1 COMPANY OVERVIEW 115

12.6.2 FINANCIAL OVERVIEW 115

12.6.3 PRODUCTS OFFERED 115

12.6.4 KEY DEVELOPMENTS 118

12.6.5 KEY STRATEGIES 118

12.7 DÖHLER GROUP 119

12.7.1 COMPANY OVERVIEW 119

12.7.2 FINANCIAL OVERVIEW 119

12.7.3 PRODUCTS OFFERED 120

12.7.4 KEY DEVELOPMENTS 120

12.7.5 KEY STRATEGIES 120

12.8 INDESSO 121

12.8.1 COMPANY OVERVIEW 121

12.8.2 FINANCIAL OVERVIEW 121

12.8.3 PRODUCTS OFFERED 121

12.8.4 KEY DEVELOPMENTS 122

12.8.5 KEY STRATEGIES 122

12.9 VIDYA HERBS 123

12.9.1 COMPANY OVERVIEW 123

12.9.2 FINANCIAL OVERVIEW 123

12.9.3 PRODUCTS OFFERED 123

12.9.4 KEY DEVELOPMENTS 125

12.9.5 KEY STRATEGIES 125

12.10 NUTRA GREEN BIOTECHNOLOGY CO., LTD. 126

12.10.1 COMPANY OVERVIEW 126

12.10.2 FINANCIAL OVERVIEW 126

12.10.3 PRODUCTS OFFERED 126

12.10.4 KEY DEVELOPMENTS 127

12.10.5 KEY STRATEGIES 127

13 REFERENCES 128


LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 23

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 27

TABLE 3 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 (USD MILLION) 40

TABLE 4 PHYTOMEDICINES & HERBAL EXTRACTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 40

TABLE 5 ESSENTIAL OILS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 41

TABLE 6 SPICES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 42

TABLE 7 FLAVORS & FRAGRANCES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 42

TABLE 8 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 (USD MILLION) 44

TABLE 9 FRUITS, FLOWERS & BULBS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 44

TABLE 10 LEAVES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 45

TABLE 11 RHIZOMES & ROOTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46

TABLE 12 BARKS & STEMS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47

TABLE 13 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 (USD MILLION) 49

TABLE 14 PHARMACEUTICALS & DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 50

TABLE 15 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 50

TABLE 16 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51

TABLE 17 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 18 GLOBAL PLANT EXTRACTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 54

TABLE 19 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 55

TABLE 20 NORTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 56

TABLE 21 NORTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 56

TABLE 22 NORTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 56

TABLE 23 US: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 57

TABLE 24 US: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 57

TABLE 25 US: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 58

TABLE 26 CANADA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 58

TABLE 27 CANADA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 58

TABLE 28 CANADA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 59

TABLE 29 MEXICO: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 59

TABLE 30 MEXICO: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 60

TABLE 31 MEXICO: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 60

TABLE 32 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 61

TABLE 33 EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 62

TABLE 34 EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 62

TABLE 35 EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 63

TABLE 36 UK: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 63

TABLE 37 UK: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 64

TABLE 38 UK: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 64

TABLE 39 GERMANY: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 64

TABLE 40 GERMANY: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 65

TABLE 41 GERMANY: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 65

TABLE 42 FRANCE: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 66

TABLE 43 FRANCE: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 66

TABLE 44 FRANCE: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 66

TABLE 45 ITALY: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 67

TABLE 46 ITALY: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 67

TABLE 47 ITALY: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 68

TABLE 48 SPAIN: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 68

TABLE 49 SPAIN: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 68

TABLE 50 SPAIN: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 69

TABLE 51 RUSSIA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 69

TABLE 52 RUSSIA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 70

TABLE 53 RUSSIA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 70

TABLE 54 REST OF EUROPE: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 70

TABLE 55 REST OF EUROPE: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 71

TABLE 56 REST OF EUROPE: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 71

TABLE 57 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 72

TABLE 58 ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 73

TABLE 59 ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 73

TABLE 60 ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 73

TABLE 61 CHINA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 74

TABLE 62 CHINA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 74

TABLE 63 CHINA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 75

TABLE 64 INDIA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 75

TABLE 65 INDIA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 76

TABLE 66 INDIA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 76

TABLE 67 JAPAN: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 76

TABLE 68 JAPAN: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 77

TABLE 69 JAPAN: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 77

TABLE 70 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 78

TABLE 71 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 78

TABLE 72 AUSTRALIA & NEW ZEALAND: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 78

TABLE 73 REST OF ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 79

TABLE 74 REST OF ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 79

TABLE 75 REST OF ASIA-PACIFIC: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 80

TABLE 76 SOUTH AMERICA: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 81

TABLE 77 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 82

TABLE 78 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 82

TABLE 79 SOUTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 82

TABLE 80 BRAZIL: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 83

TABLE 81 BRAZIL: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 83

TABLE 82 BRAZIL: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 84

TABLE 83 ARGENTINA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 84

TABLE 84 ARGENTINA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 84

TABLE 85 ARGENTINA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 85

TABLE 86 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 85

TABLE 87 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 86

TABLE 88 REST OF SOUTH AMERICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 86

TABLE 89 MIDDLE EAST & AFRICA: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 87

TABLE 90 MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 88

TABLE 91 MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 88

TABLE 92 MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 88

TABLE 93 GCC COUNTRIES: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 89

TABLE 94 GCC COUNTRIES: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 89

TABLE 95 GCC COUNTRIES: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 90

TABLE 96 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 90

TABLE 97 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 90

TABLE 98 SOUTH AFRICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 91

TABLE 99 REST OF THE MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 91

TABLE 100 REST OF THE MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 92

TABLE 101 REST OF THE MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 92

TABLE 102 EXPANSION 95

TABLE 103 PRODUCT LAUNCH 95

TABLE 104 ACQUISITION 96

TABLE 105 AGREEMENT 96

TABLE 106 PARTNERSHIP 97

TABLE 107 GIVAUDAN SA: PRODUCTS OFFERED 100

TABLE 108 GIVAUDAN SA: KEY DEVELOPMENTS 100

TABLE 109 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: PRODUCTS OFFERED 103

TABLE 110 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: KEY DEVELOPMENTS 104

TABLE 111 SYMRISE: PRODUCTS OFFERED 107

TABLE 112 SYMRISE: KEY DEVELOPMENTS 107

TABLE 113 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS OFFERED 110

TABLE 114 SENSIENT TECHNOLOGIES CORPORATION: KEY DEVELOPMENTS 111

TABLE 115 SYNERGY FLAVORS, INC.: PRODUCTS OFFERED 113

TABLE 116 SYNTHITE INDUSTRIES LTD: PRODUCTS OFFERED 115

TABLE 117 SYNTHITE INDUSTRIES LTD: KEY DEVELOPMENTS 118

TABLE 118 DÖHLER GROUP: PRODUCTS OFFERED 120

TABLE 119 DÖHLER GROUP: KEY DEVELOPMENTS 120

TABLE 120 INDESSO: PRODUCTS OFFERED 121

TABLE 121 VIDYA HERBS: PRODUCTS OFFERED 123

TABLE 122 NUTRA GREEN BIOTECHNOLOGY CO., LTD.: PRODUCTS OFFERED 126


LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL PLANT EXTRACTS MARKET, 2020 15

FIGURE 3 GLOBAL PLANT EXTRACTS MARKET ANALYSIS, BY TYPE, 2020 16

FIGURE 4 GLOBAL PLANT EXTRACTS MARKET ANALYSIS, BY SOURCE, 2020 17

FIGURE 5 GLOBAL PLANT EXTRACTS MARKET ANALYSIS, BY APPLICATION, 2020 18

FIGURE 6 GLOBAL PLANT EXTRACTS MARKET ANALYSIS, BY REGION, 2020 19

FIGURE 7 GLOBAL PLANT EXTRACTS MARKET: STRUCTURE 20

FIGURE 8 KEY BUYING CRITERIA FOR PLANT EXTRACTS 21

FIGURE 9 RESEARCH PROCESS 22

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 25

FIGURE 11 MARKET DYNAMICS OVERVIEW 28

FIGURE 12 DRIVERS IMPACT ANALYSIS: GLOBAL PLANT EXTRACTS MARKET 30

FIGURE 13 RESTRAINTS IMPACT ANALYSIS: GLOBAL PLANT EXTRACTS MARKET 31

FIGURE 14 VALUE CHAIN: GLOBAL PLANT EXTRACTS MARKET 32

FIGURE 15 GLOBAL PLANT EXTRACTS MARKET: SUPPLY CHAIN ANALYSIS 35

FIGURE 16 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL PLANT EXTRACTS MARKET 36

FIGURE 17 GLOBAL PLANT EXTRACTS MARKET, BY TYPE, 2020 (% SHARE) 39

FIGURE 18 GLOBAL PLANT EXTRACTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 39

FIGURE 19 GLOBAL PLANT EXTRACTS MARKET, BY SOURCE, 2020 (% SHARE) 43

FIGURE 20 GLOBAL PLANT EXTRACTS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 43

FIGURE 21 GLOBAL PLANT EXTRACTS MARKET, BY APPLICATION, 2020 (% SHARE) 48

FIGURE 22 GLOBAL PLANT EXTRACTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 48

FIGURE 23 GLOBAL PLANT EXTRACTS MARKET, BY REGION, 2019–2028 (USD MILLION) 53

FIGURE 24 GLOBAL PLANT EXTRACTS MARKET, BY REGION, 2020 (% SHARE) 54

FIGURE 25 NORTH AMERICA: PLANT EXTRACTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 55

FIGURE 26 EUROPE: PLANT EXTRACTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 61

FIGURE 27 ASIA-PACIFIC: PLANT EXTRACTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 72

FIGURE 28 SOUTH AMERICA: PLANT EXTRACTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 81

FIGURE 29 MIDDLE EAST & AFRICA: PLANT EXTRACTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 87

FIGURE 30 GIVAUDAN SA: FINANCIAL OVERVIEW SNAPSHOT 99

FIGURE 31 GIVAUDAN SA: SWOT ANALYSIS 101

FIGURE 32 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: FINANCIAL OVERVIEW SNAPSHOT 102

FIGURE 33 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: SWOT ANALYSIS 104

FIGURE 34 SYMRISE: FINANCIAL OVERVIEW SNAPSHOT 106

FIGURE 35 SYMRISE: SWOT ANALYSIS 108

FIGURE 36 SENSIENT TECHNOLOGIES CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 109

FIGURE 37 SENSIENT TECHNOLOGIES CORPORATION: SWOT ANALYSIS 112

FIGURE 38 SYNERGY FLAVORS, INC.: SWOT ANALYSIS 114