The plant extracts market in Asia Pacific is expected to grow from US$ 11,659.87 million in 2022 to US$ 18,449.66 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2022 to 2028.
The demand for herbal products is increasing among consumers. Herbal and natural products are considered as healthier alternatives to synthetic products. Plant extracts are used in the manufacturing of herbal food and beverages, herbal medicines, and herbal cosmetic products. Moreover, the demand for herbal products is increasing due to the rising awareness about the therapeutic properties of herbs. Plant extracts are primarily added to cosmetic formulations due to their antioxidant, anti-inflammatory, antiseptic, and antimicrobial properties. The demand for herbal cosmetics and personal care products is increasing. Herbal cosmetics products are claimed to have efficacy and intrinsic acceptability as consumers routinely use these products in daily life over synthetic products to avoid the side effects. Manufacturers are also developing strategies to invest in the cosmetics industry. Thus, the increasing demands for herbal skin care products are driving the growth of the plant extracts market.
The demand for herbal products is increasing among consumers. Herbal and natural products are considered as healthier alternatives to synthetic products. Plant extracts are used in the manufacturing of herbal food and beverages, herbal medicines, and herbal cosmetic products. Moreover, the demand for herbal products is increasing due to the rising awareness about the therapeutic properties of herbs. Plant extracts are primarily added to cosmetic formulations due to their antioxidant, anti-inflammatory, antiseptic, and antimicrobial properties. The demand for herbal cosmetics and personal care products is increasing. Herbal cosmetics products are claimed to have efficacy and intrinsic acceptability as consumers routinely use these products in daily life over synthetic products to avoid the side effects. Manufacturers are also developing strategies to invest in the cosmetics industry. Thus, the increasing demands for herbal skin care products are driving the growth of the plant extracts market.
Asia Pacific Plant Extracts Market Segmentation
The Asia Pacific plant extracts market is segmented on the basis of form, source, application, and country.- Based on form, the market is segmented into liquid, powder, and paste. The liquid segment dominated the market in 2022.
- Based on source, the market is segmented into fruits and vegetables, herbs and spices, flowers, and others. The herbs and spices segment dominated the market in 2022.
- Based on application, the Asia Pacific plant extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment dominated the market in 2022.
- Based on country, the Asia Pacific plant extracts market is segmented into the China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. Further, China dominated the market in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Plant Extracts Market Landscape
5. APAC Plant Extracts Market - Key Market Dynamics
6. Plant Extracts Market - APAC Analysis
7. APAC Plant Extracts Market Analysis - By Form
8. APAC Plant Extracts Market Analysis - By Source
9. APAC Plant Extracts Market Analysis - By Application
10. APAC Plant Extracts Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Dohler
- Givaudan S.A.
- Indesso
- Ingredion Inc.
- International Flavors & Fragrances, Inc.
- Kemin Industries, Inc.
- Kerry Group Plc
- Sensient Technologies Corporation
- Symrise
- Synergy Flavors
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11659.87 Million |
| Forecasted Market Value ( USD | $ 18449.66 Million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
