According to a new report, published by KBV research, The Global Plant Extracts Market size is expected to reach $65.6 billion by 2028, rising at a market growth of 11.7% CAGR during the forecast period.
The Food & Beverages market acquired the maximum revenue share in the Global Plant Extracts Market by Application in 2021, thereby, achieving a market value of $24.8 billion by 2028. In the food sector, extracts are used to enhance foods with natural plant actives, serve as natural flavorings, colors, and antioxidants, and satisfy regulatory standards. The most diverse components of a plant, including the stem, leaves, seeds, and fruits, are used to extract the active chemicals.
The Fruits & Vegetables market is showcasing a CAGR of 12.1% during (2022 - 2028). Extracts from fruits and vegetables that have lipid-lowering, antioxidant, and antiproliferative effects as well as fiber, minerals, vitamins, and other naturally occurring compounds. These extracts, when used in chemoprevention therapy, may stop the growth or recurrence of cancer.
The Liquid market has shown the high growth rate of 13.2% during (2022 - 2028). Liquid Plant Extract has anti-microbial qualities with no flavor influence as well as no pH dependence in a liquid form. The shelf life of a variety of beverages, baked products, cheeses, salad dressings, meats, condiments, dips, spreads, meats, and other items can all be extended using this product.
The Flavonoids market is registering a CAGR of 12.1% during (2022 - 2028). Plants have a variety of sections that contain flavonoid compounds, which are chemicals that are derived from plants. One of the major types of polyphenols present in natural products is flavonoids.
The Asia Pacific market dominated the Global Plant Extracts Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $25.2 Billion by 2028. The Europe market is estimated to witness a CAGR of 11% during (2022 - 2028). Additionally, The North America market would generate a CAGR of 11.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/plant-extracts-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of International Flavors & Fragrances, Inc., Kerry Group PLC, Archer Daniels Midland Company, Carbery Group Ltd., Koninklijke DSM N.V., Döhler Gmbh, Symrise AG, Givaudan S.A., Synthite Industries Pvt. Ltd., and Kalsec Inc.
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