Herbal Extract Market Outlook
Market Overview
According to Goldstein Research, world Herbal Extracts Market is expected to reach USD 18.0 billion by 2024, growing at a compounded annual growth rate of 7.09 % over the forecast period 2016-2024. Herbal extracts market globally has its increasing foothold. The key driver of the herbal extracts market is the easy availability, affordability and no side effects from its application. Global herbal extracts market segmentation has been carried out on the basis of ingredients, a form of extract, extraction method, application, and region. Based on application, pharmaceuticals account for the largest market share in the global herbal extracts market followed by food and beverages segment. Plant extracts market is majorly driven by North America, with a market share of 42.1% in 2016. People in North America are more attracted towards using the herbal products as compared to other parts of the world. Further, North America is followed by Asia Pacific herbal extracts market owing to an abundance of herbs and their different extraction methods in the region.
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Developed Countries: Embracing Herbal Medicines and Cosmetics
The consumption of herbal medicines and therapies has been extensively embraced in many developed countries with complementary and alternative medicines (CAMs) now becoming new normal in the UK and the rest of Europe, as well as in Australia and North America. Upsurge in consumption of botanical extracts in developed countries is backed by the fact that they are viewed as a balanced and adequate approach to healing and individuals who use them as home remedies and over-the-counter drugs spend huge amount of money (in excess of billions of dollars) on herbal products. This describes in part the reason sales of herbal medicines are thriving and represents a considerable proportion of the global drug market.
Market Segmentation
On the basis of our in-depth analysis, Global Herbal Extracts Market can be segmented as follows:
By Ingredients
- Amla Extracts
- Aloe Vera Extracts
- Guggal Extracts
- Vetiver Extracts
- Rosemary Extracts
- Garlic Extracts
- Turmeric Extracts
- Mint Extracts
- Others (fennel, eucalyptus, clary sage, etc) Extracts
By Form of Extracts
- Capsule
- Tablet
- Powder
- Softgel
- Liquid
By Extraction Method
- Super critical fluid extraction
- Sonication extraction
- Soxhlet extraction
- Microwave-assisted extraction (MAE)
- Marinated extraction
- Steam-distillation extraction
- Hydro-distillation extraction
- Ultra-high pressure extraction
- Hot water extraction
- Accelerated solvent extraction (ASE)
By Application
- Cosmetics
- Hair care
- Skin care
- Fragrances
- Food
- Food Supplement
- Sport Drinks
- Health Drinks
- Pharmaceutical
- Anti-inflammatory
- Detoxification
- Treatment of several illness
By Region
- North America (US, Canada) Plant Extracts Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Plant Extracts Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Plant Extracts Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) Plant Extracts Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Plant Extracts Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Herbal Extracts Market Anlaysis” contains a detailed overview of the global herbal extracts market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by ingredients, form of extract, extraction method and application.
Further, for the in-depth analysis, Plant Extracts Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asDoehler GmbH, Synthite Industries Ltd., Kalsec Inc., Naturex SA, Superior Supplement Manufacturing Inc., Maat Nutritionals, Matsun Nutrition, Kingherbs ltd., Savesta, Green Earth Products Pvt. Ltd., Plant Extracts International Inc., Organic Herb Inc., BerryPharma AG, FT Technologies, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the botanical extract market report represents the global herbal extracts market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Key queries answered in this global herbal extracts market report
- Present and future herbal extracts market outlook in the developed and emerging markets
- Investigating various perceptions of the market with the help of Porter’s five forces analysis
- Key market trends across the segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period.
- The regional outlook that are projected to witness fastest growth over the forecast period
- Key developments and strategies employed by the major market players.
- Market opportunities for the prevailing and entry level players?
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