According to Verified Market Research, The Global Plant Extracts Market was valued at USD 43.32 billion in 2019 and is projected to reach USD 66.81 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027.
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Plant extraction a process used in order to extract desirable components or active ingredients that are present in any part of the plant. The extractions are solubilized and contained within a solvent, the resulting solution being the desired extract, the solvent will eventually be eliminated (according to its intended end-use application) to isolate the plant extract. Plant extracts have an expanding scope of uses in various sectors such as in the cosmetic industry, pharmaceutical industry for therapeutic properties and the food and beverage industry due to their beneficial components. Natural extracts from plants provide unlimited opportunities due to their unmatched availability for chemical diversity. Plant extracts are used for various functionalities such as skin medicines, anti-irritants, wetting, anti-inflammatory, sterilizers, anti-infective, and skin protection among others. These extracts have applications in different sectors such as pharmaceuticals, food & beverages, cosmetics, and others.
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