Plant Extracts Market Demand, Trends and Competitive Landscape Forecast 2021-2027

[Aarti Ghodke]

The negative impacts of using chemical compounds in agriculture have prompted the creation of alternative options, with researchers focusing on understanding the usefulness and potential of plant extracts in agriculture.

Plant Extracts Market size was valued at US$ 30.63 Bn. in 2021 and the total Plant Extracts revenue is expected to grow at 13.2% from 2022 to 2029, reaching nearly US$ 82.59 Bn.

Plant Extracts  Market overview:

The Plant Extracts market's competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization's focus on the Plant Extracts market.

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Plant Extracts Market scope:

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.

 Segmentation:

By application, the food and beverage segment is expected to grow at a CAGR of 8.1% during the forecast period. Botanical ingredients are gaining popularity in the food and beverage industries. Beverages containing plant extracts grew 46% between 2017 and 2020. Furthermore, according to a 2021 worldwide consumer research study titled Botanical State of Mind: Uncovering customers' personal and emotional affinity with botanicals, more than 97% of consumers polled throughout the world indicated botanical ingredients and tastes appeal to them. More than 6,500 consumers were polled in 12 countries throughout North America, Europe, Latin America, Asia Pacific, and Africa for the study.

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Key Players:  Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Plant Extracts  market-

• Givaudan
• Sensient Technologies
• Symrise AG
• Kangcare Bioindustry
• PT. Indesso Aroma
• PT. Haldin Pacific Semesta
• Vidya Herbs Private Limited
• Tokiwa Phytochemical
• Native Extracts
• Shaanxi Jiahe Phytochem
• Synthite Industries
• Döhler
• International Flavors & Fragrances
• Martin Bauer
• Arjuna Natural Extracts
• Indena

Regional Analysis:

Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter's five forces analysis, and case studies.

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COVID-19 Impact Analysis on Plant Extracts  Market: Furthermore, the research assesses the impact of COVID-19 on the Plant Extracts  market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Plant Extracts  Market. The report focuses on market share and size, clearly demonstrating the pandemic's influence on the worldwide Plant Extracts  Market in the next years.

Key Questions Answered in the Plant Extracts  Market Report are:

• What will be the Plant Extracts  market's CAGR throughout the projected period (2021-2027)?
• Which market category emerged as the market leader in the Plant Extracts  industry?
• Who are the key players in the Plant Extracts  market?
• What important trends in the Plant Extracts  industry are anticipated to develop throughout the forecast period?
• How big will the Plant Extracts  market be in 2027?
• In 2020, which business segment had the highest proportion of the Plant Extracts  market?

 

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