Meticulous Research(R)가 발간한 조사 보고서 "식물 추출물 시장 규모, 점유율, 예측, 동향 분석 : 제품별(에센셜 오일, 올레오레진, 플라보노이드, 카로티노이드), 형태별(액체), 소스별(허브·향신료, 과일·채소), 용도별(식품·음료, 화장품) - 세계 예측(-2031년)"에 따르면, 식물 추출물 시장은 2024년부터 2031년까지 8.7%의 CAGR로 2031년까지 632억 6,000만 달러에 달할 것으로 예측됩니다. 이 보고서는 5개 주요 지역의 식물 추출물 시장에 대한 상세한 분석, 현재 시장 동향, 규모, 최근 동향 및 2031년 예측을 담고 있습니다.
광범위한 2차 조사와 1차 조사, 시장 시나리오에 대한 심층 분석을 통해 주요 산업의 촉진요인, 억제요인, 기회, 도전 과제 및 동향에 대한 영향 분석을 수행합니다.
식물 추출물 시장의 성장은 주로 천연 제품의 이점에 대한 소비자의 인식 증가, 천연 색소 및 천연 향료에 대한 수요 증가, 허브 보충제에 대한 수요 증가, 합성 성분 사용에 대한 우려 증가로 인해 발생합니다. 그러나 원료 가격의 변동과 더 낮은 비용으로 많은 대체품을 사용할 수 있다는 점 등은 이 시장의 성장을 어느 정도 억제하고 있습니다.
또한, 화장품 산업의 수요 증가, 신흥국의 부상, 사료의 올레오레진 사용 증가 등은 시장 참여자들에게 큰 성장 기회를 창출할 것으로 예상됩니다. 한편, 높은 생산 비용과 엄격한 규제는 식물 추출물 시장의 성장에 영향을 미치는 주요 과제입니다.
또한, 클린 라벨 제품 채택의 증가와 건강 및 웰빙에 대한 인식의 증가는 식물 추출물 시장에서 두드러진 추세입니다.
(참고 : 상위 5개사 SWOT 분석을 제공합니다)
Plant Extracts Market Size, Share, Forecast, & Trends Analysis by Product (Essential Oils, Oleoresins, Flavonoids, Carotenoid), Form (Liquid), Source (Herbs & Spices, Fruits & Vegetables), Application (Food & Beverages, Cosmetics)-Global Forecast to 2031
According to a new market research report titled, 'Plant Extracts Market Size, Share, Forecast, & Trends Analysis by Product (Essential Oils, Oleoresins, Flavonoids, Carotenoid), Form (Liquid), Source (Herbs & Spices, Fruits & Vegetables), Application (Food & Beverages, Cosmetics)-Global Forecast to 2031,' published by Meticulous Research(R), the plant extracts market is projected to reach $63.26 billion by 2031, at a CAGR of 8.7% from 2024 to 2031. The report provides an in-depth analysis of the plant extracts market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.
The growth of the plant extracts market is primarily driven by the increasing consumer awareness regarding the benefits of natural products, growing demand for natural colors and flavors, rising demand for herbal supplements, and growing concerns regarding the use of synthetic ingredients. However, challenges such as fluctuations in raw material prices and the availability of a high number of substitutes at lower costs restrain the growth of this market to some extent.
Furthermore, the increasing demand for the cosmetics industry, the emergence of developing countries, and the increasing utilization of oleoresins in animal feed are expected to generate significant growth opportunities for the market players. On the other hand, high production costs and stringent regulations are the major challenges impacting the growth of the plant extracts market.
Moreover, the increasing adoption of clean-label products and growing awareness of health & wellness are prominent trends in the plant extracts market.
Key Players
The key players operating in the plant extracts market are Arjuna Natural Extracts Ltd. (India), Dohler GmbH (Germany), Givaudan SA (Switzerland), International Flavors & Fragrances Inc (U.S.), Synthite Industries Ltd (India), Sensient Technologies Corporation (U.S.), Symrise AG. (Germany), Synergy Flavors Inc. (U.S.), doTERRA International, LLC (U.S.), ROBERTET SA (France), Kalsec Inc. (U.S.), Vidya Herbs Pvt Ltd. (India), Ruther Gewurze GmbH (Germany), Universal Oleoresins (India), Essential Oils of New Zealand Ltd (New Zealand), and Sydney Essential Oil Co. (Australia).
Based on product type, the plant extracts market is segmented into essential oils, oleoresins, flavonoids, alkaloids, carotenoids, and other product type. In 2024, the essential oils segment is expected to account for the largest share of over 44.9% of the plant extracts market. The large market share of this segment can be attributed to factors such as the high use of essential oils in various industries, including food & beverages, cosmetics and personal care, and medicinal applications, growing demand for natural and organic products, and rising interest in aromatherapy.
Based on form, the plant extracts market is segmented into liquid and dry plant extracts. In 2024, the liquid plant extracts segment is expected to account for a larger share of the plant extracts market. The large market share of this segment can be attributed to factors such as the high use of essential oils and oleoresins, its versatility and ease of application in various industries. Liquid form is more convenient for incorporation into different products such as cosmetics, personal care items, food, and beverages. Also, liquid plant extract has other advantages such as liquid form allows better homogeneity and easier dosing in final products.
Based on source, the plant extracts market is segmented into herbs & spices, fruits & vegetables, and flowers. In 2024, the herbs & spices segment is expected to account for the largest share of over 53.2% of the plant extracts market. The significant market share of this segment can be ascribed to several factors, such as growing knowledge of the health advantages of herbs and spices, their extensive application in ayurvedic treatments, their growing use in the cosmetics & personal care sector, which includes skin, hair, and nail products, and their growing use in the food and beverage industry. The medicinal qualities of spices and herbs, including their anti-inflammatory and antioxidant capabilities, are what propel the global market's expansion.
Based on application, the plant extracts market is segmented into food & beverage, cosmetics & personal care, pharmaceutical & nutraceutical, animal feed, and other applications. In 2024, the food & beverage segment is expected to account for the larger share of over 44.9% of the plant extracts market. This segment's significant market share can be attributed to several factors, including the expanding popularity of processed foods, the preference for natural ingredients over synthetic ones, the rise in the demand for natural food flavor and color, and the growing popularity of clean-label products.
However, the cosmetics & personal care segment is projected to witness the highest growth rate of 9.3% during the forecast period of 2024-2031. This growth is driven by increasing awareness of natural ingredients, growing demand for vegan beauty products, and increasing demand for the perfume industry.
Based on geography, the plant extracts market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 35.7% of the global plant extracts market, followed by North America and Europe. Asia-Pacific plant extracts market is estimated to be worth $12.62 billion in 2024. Asia-Pacific's significant market share can be attributed to several key factors, including the increasing disposal income, changing lifestyle, increasing consumer demand for processed food products, growing demand for healthy food ingredients, high consumer preference for herbal supplements, high availability of raw materials, large numbers of food & beverages manufacturers in the region.
Plant Extracts Market Assessment-by Product Type
Plant Extracts Market Assessment-by Form
Plant Extracts Market Assessment-by Source
Plant Extracts Market Assessment-by Application
Plant Extracts Market Assessment-by Geography
(Note: SWOT Analysis of Top 5 Companies Will Be Provided)