{"id":127831,"date":"2024-01-23T13:53:22","date_gmt":"2024-01-23T18:53:22","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-plant-extracts-market-size-is-estimated-to-reach-usd-94-1-billion-by-2031-growing-at-a-cagr-of-12-straits-research\/"},"modified":"2024-01-23T13:53:22","modified_gmt":"2024-01-23T18:53:22","slug":"global-plant-extracts-market-size-is-estimated-to-reach-usd-94-1-billion-by-2031-growing-at-a-cagr-of-12-straits-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-plant-extracts-market-size-is-estimated-to-reach-usd-94-1-billion-by-2031-growing-at-a-cagr-of-12-straits-research\/","title":{"rendered":"Global Plant Extracts Market Size is Estimated to Reach USD 94.1 billion by 2031, Growing at a CAGR of 12%: Straits Research"},"content":{"rendered":"

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The demand for goods made with natural and healthy ingredients is rising as consumers’ health concerns grow. Various antioxidants, minerals, vitamins, and other bioactive compounds are abundant in plant extracts. Natural and healthy plant extracts are becoming increasingly popular in place of various synthetic ingredients in personal care products.<\/h2>\n

New York, United State, Jan. 23, 2024 (GLOBE NEWSWIRE) — A plant extract is a substance or active ingredient with desirable properties used for a particular purpose. Usually, a solvent is used to extract it from plant tissues. Plant extracts are primarily derived from roots, bulbs, fruits, leaves, bark, and stems. Aloe vera extracts, citrus fruit extracts, herbs, flower extracts, and other plant extracts are frequently used in herbal medicines, food and beverage additives, functional food and beverages, and personal care products.<\/p>\n

Download Free Sample Report PDF @ <\/b>https:\/\/straitsresearch.com\/report\/plant-extracts-market\/request-sample<\/u><\/b><\/a><\/p>\n

Growing Demand for Dietary Supplements Drives the Global Market<\/b><\/p>\n

Extracts of ginger, green tea, and echinacea are used in several dietary supplements. Due to its rich phytochemical properties, ginger is an ideal herbal remedy for many chronic diseases. Ginger extract has anti-inflammatory qualities that aid in easing the symptoms of osteoarthritis, preventing diabetes, and lowering LDL lipoprotein levels, which are closely linked to cardiovascular diseases. The use of dietary supplements has grown over the past few years, and soon the market is expected to grow exponentially. <\/p>\n

According to Straits Research, \u201cThe global plant extracts market size was valued at USD 33.9 billion in 2022. It is expected to reach USD 94.1 billion by 2031, growing at a CAGR of 12% during the forecast period (2023\u20132031).\u201d<\/i><\/b> The global market for dietary supplements is expanding due to rising healthcare costs and the resulting focus on preventive medicine. Consumers are becoming more health conscious globally, which impacts the demand for dietary supplements as natural alternatives to prescription medications. The body receives essential nutrients from dietary supplements, which improve immunity and metabolism.<\/p>\n

Growing Market for Natural and Organic Flavors Creates Tremendous Opportunities<\/b><\/p>\n

Consumer interest in buying entirely chemical-free products is growing. Consumers are increasingly interested in personal care products with natural and organic ingredients. According to an analysis, the market for organic personal care products is projected to grow to USD 19.5 billion by 2024. There is a growth in demand for natural and organic components across various application industries due to customers’ increased demand for plant extracts. Additionally, as consumers become more aware of the risks associated with synthetic chemicals, manufacturers are under pressure to include natural components in their product ranges. Plant extracts are therefore becoming increasingly necessary, especially for personal care goods.<\/p>\n

Regional Analysis<\/b><\/p>\n

North America plant extracts market share<\/u><\/a> is expected to grow at a CAGR of 5.34% during the forecast period. The market for plant extracts in the region is expected to grow due to rising dietary supplement consumption. The consumption of dietary supplements is rising quickly in North America due to several factors. Due to increasing medical service costs, consumers are adopting healthier lifestyle choices, and dietary supplement demand and consumption have significantly increased. As the demand for natural ingredients in various foods and beverages grows, the market for plant extracts in North America is anticipated to grow. In addition, product innovation is a significant force behind the market expansion in the food and beverage industry. Plant extracts are used in radiance and anti-cellulite products more frequently due to the strong consumer preference for skincare products made with natural ingredients. <\/p>\n

Europe is expected to grow at a CAGR of 5.69% during the forecast period. One of the key drivers of the growth of plant extracts is the rising acceptance of functional beverages, which is exceptionally high in European countries. Consumers prefer non-soft drink alternatives to those high in calories and low in nutrition. This shift in preference can be attributed to the focus on preventive healthcare and people’s increasing awareness of health and wellness. In addition, product development and technological advancement will drive market growth for functional beverages in European countries during the forecast period. Due to the presence of cosmetics manufacturers in the region, the market is expected to grow during the forecast period. The rising demand for organic plant extracts in application industries is also anticipated to present opportunities for market participants.<\/p>\n

Key Highlights<\/b><\/p>\n