Global Herbal Extract Market Information- by product type (Stevia, Ginseng, Epimedium, Aloe vera, Reishi, Marigold, Licorice and Others), by Form (Powder, oil, wax and others), by source (Leaf, shell, bark, seed, fruits, roots and others), by Application (Food, Beverages, Personal care and home care, pharmaceuticals and others) and by Region Herbal Extract Forecast to 2022 —
Herbal Extract Market has gained a huge traction around the globe primarily owing to the increasing pharmaceutical industry and Herbal extract is treated as safe and effective, and it is the key reason behind the growth of this segment. Besides, Herbal extracts are extensively used in the manufacture of high quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand.
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According to a recent study report published by the Market Research Future, The global market of Herbal Extract is projected to grow at a rapid pace during the forecast period (2017 – 2022). The Market is forecasted to demonstrate an aggrandized growth by 2022, surpassing its previous growth records; with a striking CAGR during forecast period 2017-2022.
Herbal extract is essential crude mixtures extracted from various parts of the plant, generally ethanol or water is used for various extraction methods. Herbal extracts are the constituents extracted from the plants which are extensively used for various application in industries such as food, beverages, pharmaceutical, cosmetic & personal care and others. Pharmaceutical industry especially herbal medicine is gaining acceptance in developed economies that in turn accelerates the sales of herbal extract during the forecast period. Apart from that, various homeopathy products are also made using the herbal extract which is estimated to further propel the growth of herbal extract market. In addition, increasing health cognizant consumers along with the rising usage of plant extract dietary supplement is also anticipated to fuel the growth of global herbal extract market during the forecast period. Moreover, rising demand of anti-aging skin care products is one of to the key factor for the rising growth of global herbal extract market, as consumers prefer skin care products that contains natural ingredients over chemically loaded products.
The increasing inclination toward natural treatment of diseases and Ayurveda, the rising requirement for personal care products domain are few of the important factors that are contributing to the positive growth of the Herbal extract market. On the other hand, the reducing plantation and shortage of accessibility of raw substances in the developed countries is anticipated to impede the growth of the market in the near future. Nevertheless, the growing inclination toward the organic food is expected to bring up new growth avenues for the market in the near future.
Herbal has an enormous track record of benefits including soothe irritation, protect the skin, boost the immune system, reduce inflammation, treat gastric conditions, slow the aging process. The list goes on and on! Topical uses in soaps, creams and lotions help soothe redness, itching and swelling. Virtually every part of a tree can be used to help with improved health in humans.
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Herbal Extract Global Market – Competitive Analysis
The Herbal Extract market appears to be highly competitive owing to the presence of several large and small key players accounting for a substantial market share. Emphasising upon new product development initiatives, and geographical expansion; Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
The key players profiled in the Herbal Extract market are
• Organic Herb Inc. (China)
• Plant Extracts International Inc. (Hopkins)
• MB-Holding GmbH & Co.KG (Germany)
• Lehmann & Voss & Co. (Germany)
• Kalsec Inc. (US)
• Ingredia Nutritional (France)
• BerryPharma AG (Italy)
• FT Technologies (UK)
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Herbal Extract Global Market – Segments
The Herbal Extract Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types : Comprises Stevia, Ginseng, Epimedium, Aloe vera, Reishi, Marigold, Licorice and Other.
Segmentation By Form : Comprises Powder, oil, wax and other.
Segmentation By Source : Comprises Leaf, shell, bark, seed, fruits, roots and other.
Segmentation By Application : Comprises Food, Beverages, Personal care (natural cosmetics and natural homecare) and home care, pharmaceuticals and other.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Herbal Extract Global Market – Regional Analysis
The global Herbal Extract market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region accounts for major market share in the global herbal extract market both in terms of value and volume. This is attributed by the rising acceptance of herbal products by the U.S. consumers as well as the increasing use of herbal products in various other industries. Also, the awareness regarding health benefits of herbal products is also projected to stimulate the growth of North America market during the forecast period. North America is projected to dominate the global herbal extract market during the forecast period.
Europe is also anticipated to witness decent growth over the forecast period due to the early adopter of new products and technology.
Asia-Pacific region is estimated to register maximum growth due to the massive growth of pharmaceutical and cosmetic industry in developing nations of Asia Pacific. Asia Pacific region is projected to grow tremendously during the forecast period. Moreover, the presence of various developing economies such as India, China and ASEAN countries are providing extra demand of the herbal extract product. Mounting growth of pharmaceutical industry in India and china are also anticipated to be one of the significant driver in Asia Pacific region.
Name: Akash Anand
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