Plant Extracts Market Expects Rich History of Asia-Pacific Region to Innovate Future Herbal Remedies

The Plant Extracts Market deals with the development of solid-liquid derivatives which are obtained from various plant parts like the roots, flowers, seeds, etc. These botanical extracts are then processed by the pharmaceutical, food & beverage or cosmetic segments for various uses.

 

Concentrated plant extracts contain certain properties which are then utilized for various health benefits. During the last few years, public demand for medicinal plants and natural essential oils has increased dramatically. Hence, the Plant Extracts Market is in a good position to make the most of it during the forecast period of 2016-2022.

 

Scope & Regional Forecast of the Plant Extracts Market:

 

The Plant Extracts Market considers the primary growth drivers to be a few factors like: rising health consciousness among the general public as they try to avoid processed products; growing popularity of herbal remedies; technological advances in plant extraction methods; and changing public preferences with regards to skincare. Due to these factors the Plant Extracts Market is expected to post a revenue in excess of $80 Billion, accompanied by a CAGR of 11.7%, till the year 2022.

 

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Currently, the Plant Extracts Market is being dominated by demand originating from North & South America due to the presence of a relatively advanced medical industry. But Asia-Pacific holds the most potential for future growth as countries like China and India have a great amount of herbal and natural remedies contained within their rich culture and history. There is concerted effort to recover this ancient knowledge and enjoy its benefits.

 

Segmentations & Key Players Involved in the Plant Extracts Market :

According to IndustryARC findings, the Plant Extracts Market can be broken down into various segmentations on the basis of –

 

  • Type: Phytochemicals, Essential Oils and Others.

  • Form: Powdered, Liquid and Others.

  • End-Use Industry: Pharmaceuticals, Cosmoceuticals and Functional Food & Beverages.

  • Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

 

Some of the key players involved in the Plant Extracts Market according to IndustryARC are as follows:

  • Arjuna Plant Extracts Limited

  • Unicorn Natural Products Pvt. Ltd.

  • Biomax Life Sciences Limited

  • Innovia International Ltd.

  • Indfrag Limited

  • Akay Flavours & Aromatics Pvt. Ltd.

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