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Plant Extracts Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2028
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Plant Extracts Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2028
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Plant Extracts Market to Reach $55.3 billion by 2026
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Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Spices, Essential Oils, Flavors & fragrances), Application (Pharmaceutical & Dietary Supplements, Food & beverages, cosmetics), Sources and Region - Forecast to 2026 , published by MarketsandMarkets™
, the global Plant Extracts Market is projected to grow from USD 30.8 billion in 2021 to USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.
With the growing health awareness, the increasing prevalence of chronic diseases, and the need for nutrition enhancements among consumers, plant extracts find applications in various end-user industrial applications. The demand for cosmetics products made of plant-derived ingredients also remains high as these ingredients enhance the product value due to their health benefits for the skin. Various types of plant extracts are also used as key ingredients in food & beverage products and dietary supplements due to their health and nutritional benefits, which cater to nu