Global Plant Extract Market Size Was Worth USD 44.43 billion in 2020 and Is Projected to Grow to USD 66.81 billion by 2027, at a CAGR of 6% Over The Forecast Period 2021 to 2027.

Global Plant Extract Market Size Was Worth USD 44.43 billion in 2020 and Is Projected to Grow to USD 66.81 billion by 2027, at a CAGR of 6% Over The Forecast Period 2021 to 2027.

Auguest 30, 2021, New York, USA -  What is Herbal Extract?

A liquid solution of herbs and alcohol is called an herbal extract. 

Herbal extraction is the process where the fresh or dried herbs have been combined with alcohol, the solid matter is removed, and only the oils of the herbs is retained mixed with the alcohol. This procedure is called extraction. Therefore it is called herbal extraction. 

After the fresh or dried herbs have been combined with alcohol, the solid matter is removed, and only the oils of the herbs are retained mixed with the alcohol.                                                                                          

How does Herbal Extract Work?

The extract, which is sold commercially, have a herb to alcohol ratio mentioned on the label. 

For the dried herb's extract: The recommended ratio is 1 part of the dried plant to 4 parts of liquid (alcohol and water).

For the fresh herb's extract: The recommended ratio is 1 part of fresh plats to 1 part of the liquid (alcohol and water). 

 

Herbal extracts are generally used for flavouring in cooking and baking. They are also used as dietary supplements and alternative medicines. Herbalists and alternative medicine practitioners called them tinctures.  

 

There are four main types of extracts:

 

  1. Liquid extracts (tinctures):To make these, you will need the whole herbs soaked in the solution of water and alcohol. 
  1. Dried powder extracts:To make these, you will need herbal powdered extracts soaked in a solvent, which will be evaporated later on. 
  1. Essential oils:To make these, you will need steam distillation of the plant. In this process, oil-based chemicals are removed from the plants into a very concentrated liquid form.
  1. Liposomal blends:To make these, you will need a phytochemicals mixture combined with liposomes (fat), which enclose the chemicals.  

 

Health Benefits of the Herbal / Plant Extract For Human Health:

 

Nowadays, the medicinal properties of plant/herb extracts have been recognised scientifically, and it has also been mentioned in ancient literature. They have various health benefits. The natural compound called phytochemicals is found in plants like herbs, vegetables and fruits. Phytochemicals work with nutrients and fibres to support health-boosting activities and functions in the body. 

 

Here are the common plants / herbs used for tinctures, which are scientifically proven to benefit your health.

 

Saw palmetto (fruit): It has been used to treat benign prostatic hypertrophy. 

Valerian (root): It has been used to improve sleep quality.

Chamomile (flower): It has been used to treat wounds, inflammation and anxiety.

Feverfew (leaf): It has been used to treat fever, migraines and arthritis.

Milk thistle (fruit): It has been used to treat diseases of the liver.

Garlic (cloves, root): It has been used to reduce cholesterol and to treat cancer.

Gingko (leaf): It has been used to treat asthma and tinnitus. It also helps in improving memory and boosting brain functions. 

St. John's wort (flower, leaf): It has been used to ease the symptoms of depression.    

The Global Herbal Extract Market Forecast:

The main factors driving the market for plant extracts are the increasing health consciousness and rising vegan trends

The UN estimates that the world's vegan population was approximately 79 million as of 2021. This large number can be attributed to increased awareness among target consumers about the health benefits of eating plant-based foods products.

 

Some of the most prominent food & beverage manufacturers are now incorporating plant ingredients in their final products to address changing consumer perceptions. This leads to increased demand for plant extract products from manufacturers. The most popular types of plant extracts are herbal extracts, essential oils, and flavours.

 

The Key Market Segmentation of the Global Herbal Extract Market: 

Global Extract Market can be divided into Product Types, Product Applications, Products Source, and Geographical landscapes, etc. 

Herbal Extract Market Segmentation By Product Type:

  • Phytomedicines & herbal extracts
  • Essential oils
  • Phytochemicals
  • Spices
  • Flavours & fragrances

Herbal Extract Market Segmentation By Product Application:

  • Pharmaceutical & dietary supplements
  • Food & beverage
  • Cosmetics
  • Others

 

Herbal Extract Market Segmentation By Product Sources:

  • Fruits, flowers and bulbs
  • Leaves
  • Barks & stems
  • Rhizomes & roots
  • Others

Herbal Extract Market Segmentation By Geographical Landscape:

  • North America
  • Europe
  • Asia Pacific
  • Row

Major Key Players in the Global Herbal Extract Market Are:

  • Döhler 
  • Synthite Industries Private Ltd.
  • Tokiwa Phytochemical Co. Ltd.
  • International Flavors & Fragrances, Inc.
  • Native Extracts Pty. Ltd.
  • Qualiphar-Gifrer
  • Organic Herb Inc.
  • Network Nutrition Pty Ltd.
  • Kuber Impex Ltd.
  • Berkem
  • Naturex
  • Arjuna Natural Extracts Ltd.

The Covid-19 Impact Analysis:

This pandemic caused mass production disruptions and supply chain disruptions that also negatively impacted the economy. This pandemic has a varied impact on different countries, depending on cultural norms, mitigation efforts and their health infrastructure. Each country is trying to combat the pandemic.

There are a number of research studies that support the use of medicinal plant extracts to combat coronavirus. Research is ongoing on medicinal plant extracts that can be used to combat COVID-19.

The COVID-19 analysis by World Health Organization (WHO) suggests that the majority of the world's population eats immune-boosting foods. The pharmaceuticals and nutraceuticals sector is experiencing a boom in demand for medicinal plant extracts that boost immunity.

The worldwide lockdown, nonetheless, has also affected farming methods, which has extremely impacted the supply of basic raw materials of medical plant extracts. The COVID-19 effect on logistics additionally contributes to the boosted prices of basic raw materials, which boosts the expense for medicinal plant extracts producers. 

Therefore, the increased raw material costs, adhered to by high demand for medical plant extracts, would bring about a raised price of medicinal plant extracts for the following few years.

 

The Global Herbal Extract Market Report Highlights:

Geographically, North America held 42.1% of the global herbal extracts market in 2016. This is due to the acceptance of the herbal product by a larger number of people and the use of herbal products within different industries.

Asia-Pacific also has the highest growth rate of 10.3%. This is due to the widespread use of herbal extracts since ancient times and the presence of large producers.

The changing consumption patterns of people, who are more health-conscious, have made the European market the most promising.

In 2020, the Global Plant Extract Market was valued at USD 44.43 Billion. 

The Global Plant Extract Market will reach USD 66.81 Billion by 2027 at a CAGR 6% between 2021 and 2027.

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