This Plant Extracts report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The plant extracts market size has grown strongly in recent years. It will grow from $30.31 billion in 2024 to $33.16 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing consumer awareness, rising demand for natural ingredients, expanding applications in pharmaceuticals, globalization of trade.
The plant extracts market size is expected to see rapid growth in the next few years. It will grow to $49.2 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to growing popularity of functional foods, expanding cosmetics and personal care industry, government initiatives supporting herbal products, environmental sustainability concerns. Major trends in the forecast period include rising research and development activities, technological advancements in extraction techniques, focus on superfoods, personalization of nutraceuticals, innovations in extraction methods, emergence of plant-based meat alternatives, integration of traditional medicine, clean label movement.
The rapid expansion of the vegan trend is significantly boosting the growth of the plant extract market. A vegan is someone who does not consume any animal products, including meat, eggs, or dairy. Vegans rely on plant-based products to meet their nutritional needs. For example, the Plant-Based Foods Association (PBFA), a US-based trade association, reported that retail sales of plant-based foods in the United States rose by 6.6% in 2022. Thus, the rapid growth of vegan trends is propelling the expansion of the plant extract market.
Anticipated growth in the plant extracts market is fueled by the escalating demand from the food and beverage industry. This industry encompasses various activities, including production, processing, distribution, marketing, and sale of food and beverages. Plant extracts contribute to product quality, flavor enhancement, and increased nutritional value, aligning with consumer preferences for clean and natural ingredients. In 2021, global food and beverage sales reached $435. 3 billion, with an increase to $506 billion in 2022, projecting a further rise to $857 billion by 2025, as reported by Common Thread Collective. The escalating demand from the food and beverage sector propels the growth of the plant extracts market.
Major companies in the plant extracts market are concentrating on developing innovative products, such as PrimeLock, a vegan-friendly solution that mimics animal fat cells. This helps food companies improve plant-based product development and boosts consumer revenue in their market. For example, in February 2022, Givaudan, a Switzerland-based company in the flavors and fragrance industry, launched PrimeLock+. This natural, vegan-friendly solution encapsulates and protects both flavor and fat, gradually releasing them during cooking and consumption. This method helps preserve the desired juiciness in plant-based items like burgers and sausages, which tend to lose moisture when cooked. The technology enables a reduction of up to 75% of the fat and 30% of the calories in plant-based products while maintaining taste and texture.
Major companies in the plant-based butter market are innovating new products, such as Beleaf PlantBetter, to maintain their market position. Beleaf PlantBetter is a plant-based butter specifically designed for bakery applications. For example, in November 2023, Bunge, a US-based agribusiness and food company, launched Beleaf PlantBetter. This product offers a superior taste with the distinctive aroma, flavor, and texture of traditional butter. Beleaf PlantBetter is primarily composed of coconut, cocoa butter, rapeseed, and lecithins. It seamlessly integrates into any production process, providing the desired levels of aeration, volume, and taste in baked goods.
In April 2022, Kerry Group plc, an Ireland-based food company, acquired Natreon, Inc., for 42 million euros ($45. 74 million). This acquisition augments Kerry's influence and portfolio of branded ingredients, particularly those from ProActive Health. These ingredients, supported by research, contribute to Kerry's technological development and enhance the overall customer experience. Natreon, Inc., based in the United States, specializes in ayurvedic extracts subjected to scientific research and testing, primarily serving the global dietary supplement and functional food and beverage industries.
Major companies operating in the plant extracts market include Naturex S. A., Berkem S. A., Kuber Impex Ltd., Organic Herb Inc., Givaudan S. A., Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise AG, Sensient Technologies Corporation, PT Indesso Aroma, Vidya Herbs Pvt Ltd., Plant Extracts International Inc., Indena S. p. A., Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe Group, Provital Group, Chenguang Biotech Group Co Ltd., Kangcare Bioindustry Co. Ltd., International Flavors & Fragrances Inc., Kerry Group plc, Archer Daniels Midland Company, Kalsec Inc., Carbery Group, Koninklijke DSM N. V., Döhler GmbH, Vital Herbs, Sydler India Pvt. Ltd., Plantnat, Sabinsa Corporation, Nexira.
Asia-Pacific was the largest region in the plant extracts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plant extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Plant extracts involve a method designed for extracting specific plant-based ingredients, a process that entails bringing a solid (the plant) into contact with a liquid (the solvent). The solvent is utilized to solubilize and contain the valuable plant components, effectively separating solids from liquids. These extracts exhibit medicinal, aromatic, anti-inflammatory, antifungal, antimicrobial, antiparasitic, and antioxidant effects.
The primary categories of plant extracts encompass spices, essential oils, and natural extracts; flavors and fragrances; phytomedicines and herbal extracts; phytochemicals, among others. Phytochemicals are bioactive nutrient plant chemicals found in fruits, vegetables, grains, and other plant foods, offering health benefits beyond basic nutrition and helping reduce the risk of major chronic diseases. These extracts are derived from various sources such as fruits, flowers, bulbs, leaves, barks, stems, rhizomes, roots, and others. Their applications span pharmaceuticals, food and beverages, cosmetics, and other industries.
The plant extracts market research report is one of a series of new reports that provides plant extracts market statistics, including plant extracts industry global market size, regional shares, competitors with a plant extracts market share, detailed plant extracts market segments, market trends and opportunities, and any further data you may need to thrive in the plant extracts industry. This plant extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plant extracts market consists of sales of medicinal plants, polyphenols, carotenoids, maceration, infusion, decoction, and percolation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The plant extracts market size has grown strongly in recent years. It will grow from $30.31 billion in 2024 to $33.16 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing consumer awareness, rising demand for natural ingredients, expanding applications in pharmaceuticals, globalization of trade.
The plant extracts market size is expected to see rapid growth in the next few years. It will grow to $49.2 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to growing popularity of functional foods, expanding cosmetics and personal care industry, government initiatives supporting herbal products, environmental sustainability concerns. Major trends in the forecast period include rising research and development activities, technological advancements in extraction techniques, focus on superfoods, personalization of nutraceuticals, innovations in extraction methods, emergence of plant-based meat alternatives, integration of traditional medicine, clean label movement.
The rapid expansion of the vegan trend is significantly boosting the growth of the plant extract market. A vegan is someone who does not consume any animal products, including meat, eggs, or dairy. Vegans rely on plant-based products to meet their nutritional needs. For example, the Plant-Based Foods Association (PBFA), a US-based trade association, reported that retail sales of plant-based foods in the United States rose by 6.6% in 2022. Thus, the rapid growth of vegan trends is propelling the expansion of the plant extract market.
Anticipated growth in the plant extracts market is fueled by the escalating demand from the food and beverage industry. This industry encompasses various activities, including production, processing, distribution, marketing, and sale of food and beverages. Plant extracts contribute to product quality, flavor enhancement, and increased nutritional value, aligning with consumer preferences for clean and natural ingredients. In 2021, global food and beverage sales reached $435. 3 billion, with an increase to $506 billion in 2022, projecting a further rise to $857 billion by 2025, as reported by Common Thread Collective. The escalating demand from the food and beverage sector propels the growth of the plant extracts market.
Major companies in the plant extracts market are concentrating on developing innovative products, such as PrimeLock, a vegan-friendly solution that mimics animal fat cells. This helps food companies improve plant-based product development and boosts consumer revenue in their market. For example, in February 2022, Givaudan, a Switzerland-based company in the flavors and fragrance industry, launched PrimeLock+. This natural, vegan-friendly solution encapsulates and protects both flavor and fat, gradually releasing them during cooking and consumption. This method helps preserve the desired juiciness in plant-based items like burgers and sausages, which tend to lose moisture when cooked. The technology enables a reduction of up to 75% of the fat and 30% of the calories in plant-based products while maintaining taste and texture.
Major companies in the plant-based butter market are innovating new products, such as Beleaf PlantBetter, to maintain their market position. Beleaf PlantBetter is a plant-based butter specifically designed for bakery applications. For example, in November 2023, Bunge, a US-based agribusiness and food company, launched Beleaf PlantBetter. This product offers a superior taste with the distinctive aroma, flavor, and texture of traditional butter. Beleaf PlantBetter is primarily composed of coconut, cocoa butter, rapeseed, and lecithins. It seamlessly integrates into any production process, providing the desired levels of aeration, volume, and taste in baked goods.
In April 2022, Kerry Group plc, an Ireland-based food company, acquired Natreon, Inc., for 42 million euros ($45. 74 million). This acquisition augments Kerry's influence and portfolio of branded ingredients, particularly those from ProActive Health. These ingredients, supported by research, contribute to Kerry's technological development and enhance the overall customer experience. Natreon, Inc., based in the United States, specializes in ayurvedic extracts subjected to scientific research and testing, primarily serving the global dietary supplement and functional food and beverage industries.
Major companies operating in the plant extracts market include Naturex S. A., Berkem S. A., Kuber Impex Ltd., Organic Herb Inc., Givaudan S. A., Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise AG, Sensient Technologies Corporation, PT Indesso Aroma, Vidya Herbs Pvt Ltd., Plant Extracts International Inc., Indena S. p. A., Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe Group, Provital Group, Chenguang Biotech Group Co Ltd., Kangcare Bioindustry Co. Ltd., International Flavors & Fragrances Inc., Kerry Group plc, Archer Daniels Midland Company, Kalsec Inc., Carbery Group, Koninklijke DSM N. V., Döhler GmbH, Vital Herbs, Sydler India Pvt. Ltd., Plantnat, Sabinsa Corporation, Nexira.
Asia-Pacific was the largest region in the plant extracts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plant extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Plant extracts involve a method designed for extracting specific plant-based ingredients, a process that entails bringing a solid (the plant) into contact with a liquid (the solvent). The solvent is utilized to solubilize and contain the valuable plant components, effectively separating solids from liquids. These extracts exhibit medicinal, aromatic, anti-inflammatory, antifungal, antimicrobial, antiparasitic, and antioxidant effects.
The primary categories of plant extracts encompass spices, essential oils, and natural extracts; flavors and fragrances; phytomedicines and herbal extracts; phytochemicals, among others. Phytochemicals are bioactive nutrient plant chemicals found in fruits, vegetables, grains, and other plant foods, offering health benefits beyond basic nutrition and helping reduce the risk of major chronic diseases. These extracts are derived from various sources such as fruits, flowers, bulbs, leaves, barks, stems, rhizomes, roots, and others. Their applications span pharmaceuticals, food and beverages, cosmetics, and other industries.
The plant extracts market research report is one of a series of new reports that provides plant extracts market statistics, including plant extracts industry global market size, regional shares, competitors with a plant extracts market share, detailed plant extracts market segments, market trends and opportunities, and any further data you may need to thrive in the plant extracts industry. This plant extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plant extracts market consists of sales of medicinal plants, polyphenols, carotenoids, maceration, infusion, decoction, and percolation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Plant Extracts Market Characteristics3. Plant Extracts Market Trends and Strategies4. Plant Extracts Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Plant Extracts Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Plant Extracts Market34. Recent Developments in the Plant Extracts Market
5. Global Plant Extracts Growth Analysis and Strategic Analysis Framework
6. Plant Extracts Market Segmentation
7. Plant Extracts Market Regional and Country Analysis
8. Asia-Pacific Plant Extracts Market
9. China Plant Extracts Market
10. India Plant Extracts Market
11. Japan Plant Extracts Market
12. Australia Plant Extracts Market
13. Indonesia Plant Extracts Market
14. South Korea Plant Extracts Market
15. Western Europe Plant Extracts Market
16. UK Plant Extracts Market
17. Germany Plant Extracts Market
18. France Plant Extracts Market
19. Italy Plant Extracts Market
20. Spain Plant Extracts Market
21. Eastern Europe Plant Extracts Market
22. Russia Plant Extracts Market
23. North America Plant Extracts Market
24. USA Plant Extracts Market
25. Canada Plant Extracts Market
26. South America Plant Extracts Market
27. Brazil Plant Extracts Market
28. Middle East Plant Extracts Market
29. Africa Plant Extracts Market
30. Plant Extracts Market Competitive Landscape and Company Profiles
31. Plant Extracts Market Other Major and Innovative Companies
35. Plant Extracts Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Plant Extracts Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on plant extracts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for plant extracts? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plant extracts market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Spices; Essential Oils and Natural Extracts; Flavors and Fragrance; Phytomedicines and Herbal Extracts; Phytochemicals; Other Types2) by Source: Fruits, Flowers and Bulbs; Leaves; Rhizomes and Roots; Barks and Stems; Other Sources
3) by Application: Pharmaceuticals; Food and Beverages; Cosmetics; Other Applications
Subsegments:
1) by Spices: Whole Spices; Ground Spices; Spice Extracts2) by Essential Oils and Natural Extracts: Aromatherapy Oils; Carrier Oils; Concentrated Extracts
3) by Flavors and Fragrance: Natural Flavoring Agents; Fragrance Oils; Flavoring Extracts
4) by Phytomedicines and Herbal Extracts: Herbal Supplements; Medicinal Plant Extracts; Traditional Herbal Remedies
5) by Phytochemicals: Alkaloids; Terpenoids; Polyphenols
6) by Other Types: Nutraceuticals; Cosmetic Plant Extracts; Feed Additives
Key Companies Mentioned: Naturex S.A.; Berkem S.A.; Kuber Impex Ltd.; Organic Herb Inc.; Givaudan S.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Plant Extracts market report include:- Naturex S. A.
- Berkem S. A.
- Kuber Impex Ltd.
- Organic Herb Inc.
- Givaudan S. A.
- Arjuna Natural Pvt Ltd.
- Synthite Industries Private Ltd.
- Martin Bauer Group
- Tokiwa Phytochemical Co Ltd.
- Native Extracts Pty Ltd.
- Symrise AG
- Sensient Technologies Corporation
- PT Indesso Aroma
- Vidya Herbs Pvt Ltd.
- Plant Extracts International Inc.
- Indena S. p. A.
- Nutra Green Biotechnology Co Ltd.
- Nantong Sihai Plant Extracts Co. Ltd.
- Schwabe Group
- Provital Group
- Chenguang Biotech Group Co Ltd.
- Kangcare Bioindustry Co. Ltd.
- International Flavors & Fragrances Inc.
- Kerry Group plc
- Archer Daniels Midland Company
- Kalsec Inc.
- Carbery Group
- Koninklijke DSM N. V.
- Döhler GmbH
- Vital Herbs
- Sydler India Pvt. Ltd.
- Plantnat
- Sabinsa Corporation
- Nexira
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 33.16 Billion |
| Forecasted Market Value ( USD | $ 49.2 Billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 35 |
