Dublin, 10 October 2022 (GLOBE NEWSWIRE) — “Plant Extracts Market by Product Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids), by Application (Food & Beverage, Cosmetics, Pharmaceuticals, Dietary Supplements) Agents ), Report “Tables, Sources and Regions – Global Outlook 2027″ has been added to ResearchAndMarkets.com offers.
The global market size for herbal extracts is estimated at US$34.4 billion by 2022 and is expected to reach US$61.5 billion by 2027, growing by an average of 12.3% in value terms. Plant extracts are made from a variety of sources such as fruits and vegetables, herbs and spices, and flowers.
They are used in many areas in the food, cosmetic and pharmaceutical industries. The demand for herbal extracts is growing due to changes in consumer lifestyle and their preference for natural and organic products. Consumers are increasingly aware of the health benefits associated with herbal extracts, which gives manufacturers more and more options to include these herbal extracts in various applications.
These markets appear to be using herbal ingredients to develop and create new products and technologies, leading to innovation and the introduction of breakthrough products with a wide range of applications. These ingredients are also used in cosmetics and skin care products, which are growing rapidly in the market due to the growing awareness of the need to maintain healthy skin. Other factors such as healthy aging and the threat of antimicrobial resistance are also significant contributors. Likewise, within the food & beverages industry, there is a growing trend of consuming natural ingredients with additional functional properties, which has been boosting the demand for plant extracts Likewise, within the food & beverages industry, there is a growing trend of consuming natural ingredients with additional functional properties, which has been boosting the demand for plant extracts Similarly, there is a growing trend in the food and beverage industry towards the consumption of natural ingredients with additional functional properties, which increases the demand for herbal extracts. Similarly, in the food and beverage industry, the growing trend towards the consumption of natural ingredients with additional functional properties is driving demand for herbal extracts.
The increase in the use of herbal medicines through application is driving the growth of the market for herbal extracts.
Plant extracts have served as an important source of bioactive compounds for various drug development programs, and several important drugs have been isolated and identified from plants. In addition to their direct use in folk medicine, medicinal plants are used on an industrial scale to produce general extracts and tinctures, refined extracts, and chemical products. Regulatory approval for some of the most widely known herbal extracts may be easier than for new chemicals. Some Phyto pharmaceutical chemical companies focus their efforts on single molecules or plant extracts in order to simplify the regulatory process by avoiding complex mixtures and combinations.
From the source: The increasing use of flower extracts in the cosmetics and perfume industries is fueling the growth of the herbal extract market.
Extracts from flowers are used in several applications, ranging from food & beverages to pharmaceuticals & dietary supplements. Extracts from flowers are used in several applications, ranging from food & beverages to pharmaceuticals & dietary supplements. Flower extracts are used in a variety of applications, from food and beverages to pharmaceuticals and dietary supplements. Flower extracts are used in a wide range of applications, from food and beverages to pharmaceuticals and dietary supplements. In the food & beverages application, flowers and fruits are generally used to provide flavors and aroma. In the food & beverages application, flowers and fruits are generally used to provide flavors and aroma. In the food and beverage industry, flowers and fruits are commonly used to add flavor and aroma. In food and beverages, flowers and fruits are often used to add flavor and aroma. Essential oils from flowers, when incorporated into finished products, provide many benefits, such as pleasant fragrance in perfumes, shine or conditioning in hair care products, and increased skin elasticity. The significant potential of flower extracts is also used in perfumery. Extracts of several other flowers such as hibiscus, chamomile, magnolia, and echinacea are widely used in pharmaceutical and nutritional supplements due to the various therapeutic effects they provide.