- Herb extracts are derived from herbsand are very important for natural or bio pharmaceutical industries. They are also called as botanical extracts which are in high demand in cosmetic industry to naturally enhance the skin. The rising awareness among people and high demand of the plant or herb extract are the driving factors of the Plant Extracts Market.
The North America is currently leading the Plant Extracts Market with high utilization of various plant extracts in pharmaceuticals and cosmetic industry. The food and beverage industry isexpected to witness high demand owing to less use of chemical products for flavoring during 2015-2020.
The APAC region is expected to witness the maximum growth in the Plant Extracts Market owing to rich traditional methods of healing in China and India. The rise in ancient medical treatment methods will boost the plant extracts industry through 2020.
The Plant Extracts Market is segmented into various categories in the IndustryARC market research report by type, byform, by end use industry and by geography.
By type: phytochemicals, essential oils and others
By form: powdered, liquid and others
By end use industry: pharmaceuticals, cosmeceuticals and functional food and beverages
By Geography: North America, South America, Europe, Asia Pacific and ROW
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According to the IndustryARC market research report, the prominent players in the Plant Extracts Market are as follows:
- NaturexSA (France)
MartinBauer GmbH &Co. KG (Germany)
The Plant Extracts Market is rapidly growing market with rise in demand for natural essence and plant oriented ingredients for medical and consumption purpose across the globe during 2015-2020. This market is expected to witness fast growth due to high demand from pharmaceutical companies and consumers through 2020.
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