Report Highlights
Plant Extracts Market Size And Forecast
According to Verified Market Research, The Global Plant Extracts Market was valued at USD 43.32 billion in 2019 and is projected to reach USD 66.81 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027.
Plant Extracts Market Outlook
Through the use of plant extracts in medicine, there were found to be potential for several health benefits which include advantageous biological activity such as anticancer, wound healing activity, antidiarrheal, antimicrobial, analgesic and antioxidant properties. Consumers are now viewing natural products as healthier alternatives to synthetic products. These are some of the key factors estimated to fuel the demand for the Plant Extracts in the forecasted period.
However, Adulteration, through several means is leading to the eventual loss of reputation for the industry itself. Moreover, the availability of synthetic products is expected to be one of the major restraints in the growth of the Plant Extracts market.
Plant Extracts Market, Segment Analysis
The Global Plant Extracts Market is segmented on the basis of Type, Application, and Geography.
Global Plant Extracts Market Competitive Landscape
The Global Plant Extracts market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Naturex, Berkem, Kuber Impex Ltd., Network Nutrition, Organic Herb Inc., Qualiphar-Gifrer among others. Naturex is one of the top five players in the Plant Extracts market.
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