The Plant Extracts Market is estimated to grow at CAGR 14% during the forecast period 2021-2026.

The rising awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts have significantly fueled the market for plant extracts. Further, due to the growth in R&D activities in plant extracts market and increase in popularity of convenience foods, there has been a growing need for plant extracts in food & beverage industry.
The pharmaceuticals & dietary supplements segment is projected to account for the largest share in the plant extracts market. This can be attributed to increasing consumer awareness about the benefits of herbal medicines over allopathic medicines. Further, as a result of the growing incidents of illnesses due to stressful and busy lifestyles, consumers are demanding functional food & supplements for regular consumption.
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Plant Extracts Market, By Type
Phytomedicines & Herbal Extracts
Essential Oils
Spices
Flavors & Fragrances
Plant Extracts Market, By Application
Pharmaceuticals & Dietary Supplements
Food & Beverages
Cosmetics
Others
Plant Extracts Market, By Source
Fruits ,Flowers & Bulbs
Leaves
Rhizomes & Roots
Barks & Stems
Others
Plant Extracts Market, By Region
North America
Europe
Asia Pacific
Rest of World
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