Increase in Demand for Natural Products is Leading to the Increased Demand for Various Plant Extracts
The global plant
extracts market is estimated to value USD 30.8 billion in 2021 and is
projected to reach USD 55.3 billion by 2026, at a CAGR of 6.0% during the
forecast period. The growth of the plant extracts market is driven by the
rising consumption of nutritive convenience food and fortified food and the
growth in health awareness among consumers are leading to the increased
consumption of healthier...
Plant Extracts Market worth $59.4 Billion By 2025
According to the new market research report “Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances), Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics), Source, and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Plant Extracts Market is estimated to...
Increase in Popularity of Convenience Foods is Boosting the Demand for Plant Extracts
The rising awareness regarding the side-effects of synthetic
flavors and health benefits offered by phytomedicines and herbal extracts have
significantly fueled the market for plant extracts. Further, due to the growth
in R&D activities in plant extracts market and increase in popularity of
convenience foods, there has been a growing need for plant extracts in food
& beverage industry.
The
pharmaceuticals...