Medicinal Plant Extracts Market Trends, Prices: Sales Analysis, Growth, Global Size, Share, Top Companies Report

 

Medicinal Plant Extracts Market

Medicinal Plant Extracts Market Overview:

Global Medicinal Plant Extracts Market is reported to be growing due to the increasing demand for herbal medicines and Ayurveda & homeopathic products. The demand for the same is due to the changing consumer behaviour, thereby influencing the growth of the market. Increasing acceptance towards medicinal plant extracts-based products and items due to rising awareness and prevalent health concerns is one of the driving factors behind the growth of the global medicinal plant extract market.

The global medicinal plant extracts market was analysed by Market Research Future (MRFR) and Medicinal Plant Extracts Market Share is expected to grow at a 7.20% CAGR and reach USD 15.67 Billion by 2030. The valuation of the market was further stated to surpass its previous valuation.

Additionally, the increasing demand for natural skincare products comprising medicinal plant extracts is also expected to be an important factor pushing the growth of the global market. Major market dispersion has led to the emergence of various new products made out of medicinal plant extracts and their retail distribution across various regions. The players in the market are responding to these new opportunities by widening their service offerings/product lines, this is subsequently fuelling up the share of medicinal plant extracts in the global market. Add to this, the increasing rate of product development alongside research advancements are further increasing the market growth for medicinal plant extracts market.

Market Segmentation:

The global medicinal plant extracts market has been segmented in terms of type, part, application, and form.

By type, the market comprises herbal extracts, spices, phytochemicals, essential oils, and others. The herbal extracts segment is slated to grow with the highest CAGR in the market due to its natural nature and the number of health benefits it offers. This has, in turn, increased the usage of medicinal plant extracts across the globe.

By part, the market includes seed, shell, leaf, and others. The leaf segment leads the global market with the highest share as plant extracts are substances that are derived from tissues.

By the market segments into personal care, medicinal products, and others.

By form, the market divides into liquid, powder, oil, and others. The liquid segment is projected to grow during the forecast period with the highest pace owing to its fast-paced absorbability in medicines and personal care products.

Competitive Landscape:

The global medicinal plant extracts market comprises a host of key players. This includes names like Arjuna Natural Extracts Ltd (India), Organic Herb Inc (China), Sigma-Aldrich Co. LLC (U.S.), Plant Extracts International Inc (U.S.),  Phytovation (U.K.),  Indfrag (India), KANCOR (India), and others.

Regional Analysis:

The global Medicinal Plant Extracts Market Trends is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Asia Pacific is at present the dominant region in the market for medicinal plant extracts and is expected to continue its lead in the coming years.  The region is closely followed up by North America, which stands in the second spot. Increasing health benefits alongside the rising demand for personal care items has strengthened the growth of the global market. This has prompted the regional market of Asia Pacific to expand considerably in terms of revenue and is slated to be the same story during the forecast period. Moreover, in Asia Pacific, the ancient history of herbal and natural remedies for various diseases is expected to significantly drive the growth of the market in this region. Also, the growth anticipated in developing regions like China and India is due to the increasing health concerns herein and the wide scale medical uses.

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About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

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New York, New York 10013

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+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

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