"Market Intelligence that Adds Flavour to Your Success"

Plant Extracts Market Size, Share & Industry Analysis, By Type (Phytomedicines, Herbal Extracts, Essential Oils, Phytochemicals, Others (Flavours and Fragrances and Others)), By Application (Fortified Foods, Pharmaceuticals, Cosmetics and Personal Care), By Application (Pharmaceuticals, Food and Beverages, Cosmetics and Personal Care)and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102471 | Status : Ongoing



The use of several plant extracts is increasing significantly in different areas of traditional medicine and functional foods. The rising consumer’s demand for food, which is microbiologically safe, natural, and lacks addition of chemical preservatives, is expected to drive the global plant extract market during the forthcoming years.

The increasing use of herbs and spices for masking undesirable properties, especially in meat products, is anticipated to work as a fuelling agent in stimulating the growth of the herbal extracts market. For instance, rosemary and oregano can be used as a natural substitute for sodium erythorbate in lamb burgers. The companies operating in the respective industry are focused on investing in research and development to strengthen their position in the global plant extracts market. For instance, in June 2019, Givaudan, the world’s leading flavor and fragrance company, inaugurated a new Flavours technical and commercial center in Morocco.

Up Arrow

Key Market Driver -

Health Benefits Offered by Herbal Extracts and Phytomedicines

Down Arrow

Key Market Restraint -

The Availability of Synthetic Products at Low-Cost

The use of plant extracts in food has been widely accepted by consumers who are increasingly looking for natural and healthy products that are free of synthetic additives. The consumption of herbal medicines is increasing steadily across the world as an alternative treatment for health problems, including diabetes, heart disease, and others. Herbal extracts are used as ingredients in the food and beverage industry to change the flavor and aroma of the product and impart a refreshing flavor in the product. Herbal extracts impart properties such as extended shelf life and reduce microbial spoilage, which is expected to support the growth of global plant extracts market.

The availability of synthetic products in the market can hamper the growth of the global plant extracts market. The advantages associated with synthetic products such as lower prices compared to natural spices & herbs, uniform & consistent quality and ease of use in contrast to natural products can act as a significant restraint for the growth of global plant extracts market.

Key Players Covered:

The prominent players operating in the global plant extract market are Givaudan, Symrise AG, Sensient Technologies, Kangcare Bioindustry Co., Ltd., Pt. Indesso Aroma, Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd., Synthite Industries Private Ltd., Martin Bauer GmbH & Co. KG, International Flavours and Fragrances Inc., and others.

Phytomedicines and Herbal Extracts are anticipated to witness the robust growth in plant extract market owing to their widespread application in the pharmaceutical and food industries. The increasing consumer awareness about the adverse health effects of consuming synthetic products is driving the demand for plant-based products. The use of essential oils as an antioxidant, antimicrobial agent, and shelf-life extending agent is increasing in the food and beverage industry, which is further expected to compliment the market growth of essential oils. For instance, in November 2018, Young Living Essential Oil launched its offering and solution in the Southeast Asian market of the Philippines.

The plant extracts are extensively used in the pharmaceutical industry, followed by food and beverages and cosmetics industries. The easy registration procedure for traditional herbal medicinal products in developed countries is expected to drive the demand for plant extracts in the pharmaceutical industry. The growing trend of clean label products and increasing adoption of herbal products among consumers is predicted to increase the demand for plant extracts in the food and beverage industry. The demand of herbal beverages such as chamomile, peppermint tea, and herbal coffee has increased dynamically in the recent years, which is projected to offer growth opportunity for herbal beverage manufacturers.

Regional Analysis:

Asia Pacific is expected to witnesses considerable growth in global plant extracts market. The easy availability of raw products and suitable environment for the growth of plants used for extraction will positively leverage the plant extracts market in this region. The plant extracts market in Asia Pacific is expected to be driven by the rising demand for plant-derived products. The rising awareness about better dietary choices and growing demand for herbal products especially across countries such as Japan, South Korea, and others will drive the plant extract market in this region.

To gain extensive insights into the market, Request for Customization

The plant extracts market in North America and Europe is driven by extensive use of plant extracts as a flavoring agent and to positively change the appearance and taste of food. The rising adoption of natural preservatives for extending the shelf life of the products and for consumer’s safety is anticipated to drive the plant extract market in this region. The easy availability of the product due to the presence of leading players in this region such as Symrise AG and Givaudan is anticipated to escalate the plant extract market growth within this region. The companies located in this region are focused on acquisition and collaborations to strengthen their position in the global plant extract market. For instance, in February 2019, Martine Bauer Group, global botanical experts, announced the acquisition of BI Nutraceuticals, a leading US-based manufacturer of botanical ingredients.




By Type

  • Phytomedicines

  • Herbal Extracts

  • Essential Oils

  • Phytochemicals

  • Others (Flavours and Fragrances and Others)

By Application

  • Pharmaceuticals

  • Food and Beverages

  • Cosmetics and Personal Care

By Geography

  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)

Key Industry Developments:

  • In June 2019, Givaudan, the global leaders of flavors and fragrances, inaugurated its new flagship innovation center in Switzerland. The major aim of this innovation center is to create different and sustainable flavor, taste and fragrance solutions for the food and beverage and beauty, personal and home care industries.

  • In June 2019, the nutrition division of Symrise Diana Food has opened a new Research and Development Centre in Canada. The creation of new product and processes will be a key focus in new facility.

  • In May 2019, Givaudan, the global leaders of flavors and fragrances, announced the acquisition of Vietnamese flavor company Golden Frog to strengthen the product portfolio in natural flavor, extracts and essential oils.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.