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Herbal Extracts Market Size, Share, Trend, Global Analysis, Key Players Review, Phenomenal Growth and Forecast to 2023

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Herbal Extracts Market Size, Share, Trend, Global Analysis, Key Players Review, Phenomenal Growth and Forecast to 2023

August 29
01:10 2019
Herbal Extracts Market Worldwide Research Report by Ingredient (Marigold, Basil, Garlic, Soy, Aloe Vera, Licorice, Reishi and others), Application (Food, Beverages, Personal Care, Dietary Supplements and others) and Region Forecast till 2023

Market Overview

Herbal extract is referred to the crude mixtures extracted from various parts of plants, which have diverse applications in various industries. The extraction of herbal compounds is generally carried out using ethanol or water. Herbal extracts have been identified to be highly consumed in the form of dietary supplements. Other major application sectors of herbal extracts include food, beverages, pharmaceutical, cosmetic & personal care, and others.

Pharmaceutical industry, especially herbal dietary supplements, is gaining acceptance in developed economies, which, in turn, would accelerate the sales of herbal extract during the forecast period. Furthermore, various homeopathy products are manufactured using herbal extracts, which are estimated to propel the growth of herbal extract market further. Increasing number of health-conscious consumers, along with the rising usage of plant extract dietary supplement, is also anticipated to fuel the growth of the global herbal extract market during the forecast period. The rising demand for anti-aging skin care products is one of the key factors for the rising growth of the global herbal extract market. Consumers are identified to have a high preference towards skin care products, which contain natural ingredients, over chemically loaded products.

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Major Key Players Strategy

Some of the key players profiled in the Global Herbal Extracts Market

  • Plant Extracts International Inc. (U.S.),
  • Lehmann & Voss & Co. KG (Germany),
  • Kalsec Inc. (U.S.),
  • MB-Holding GmbH & Co.KG (Germany),
  • Changsha Organic Herb, Inc. (China),
  • Ingredia Nutritional (France),
  • Iprona AG (Italy) and
  • FT Technologies, Inc. (U.K)

Key Findings

Asia Pacific is estimated to register maximum growth due to the massive growth of herbal dietary supplements and cosmetic industry in the developing nations of Asia Pacific

North America is estimated to dominate the global herbal extract market during the forecast period

Segments

Herbal Extract Market has been segmented based on ingredient, which comprises garlic, basil, soy, marigold, aloe vera, licorice, reishi, and others.

Herbal extract has been segmented based on application, which includes foods, beverages, dietary supplements, personal care, and others.

Regional Analysis

Global Herbal Extract Market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). North America is dominating the global herbal extract market, in terms of market share. North America is the largest consumer of herbal ingredients in food & beverage and pharmaceutical products. Additionally, the U.S., Canada, and Mexico are the major consumers of herbal extract products.

Furthermore, awareness regarding health benefits of herbal products is also projected to stimulate the growth of the market in North America during the review period. However, Europe is also anticipated to witness a decent growth over the forecast period due to the early adoption of new products and technology. Additionally, Asia Pacific region is anticipated to grow tremendously during the review period, owing to the increased growth of pharmaceutical industry in India and China.

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Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/herbal-extract-market-2523

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