The global plant extracts market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. The consumption of plant extracts in cosmetic products is expected to increase during the forecast period due to which the plant extracts market witnessed growth across the globe. Due to the beneficiary properties of plant extracts consumers are demanding natural and organic cosmetics and skincare products which increases the production of plant extracts. Many companies are introducing innovative and organic plant-based cosmetics and personal care products to satisfy consumers’ needs. With increasing awareness about the harmful effects of conventional makeup, the demand for chemical-free and organic cosmetics is growing among people. Major players are introducing vegan, chemical-free makeup products to expand their product portfolio and increase their market share.
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Key players are supporting the market growth by introducing many products and extracts for the skincare sector. For instance, in 2022, Givaudan’s active beauty department (Active Beauty) utilizes the beauty properties of nootropic materials to introduce 6 plant extracts that are beneficial to the skin. The 6 extracts are extracted from guarana, ginger, green tea, kola nut, Ginkgo Biloba, and green coffee which are very beneficial for the skin. Additionally, in January 2021, Elf Cosmetics, a globally reputed vegan and cruelty-free makeup brand launched its range in India. Elf Cosmetics offers a wide range of products from skincare to a variety of makeup products. All their products are vegan, including their makeup brushes. Moreover, in September 2021, The company behind e-commerce player Boddess.com has also launched the plant-based makeup brand Juice Beauty in India. Gurugram-based House of Beauty – the company that launched Boddess in India in 2020 expanded American beauty brand Juice Beauty.
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Market Coverage
- Segment Covered-
o By Type
o By Form
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Döhler GmbH, International Flavors & Fragrances Inc, Kangcare Bioindustry Co., ltd., Nutra Green Biotechnology Co., Ltd., Synthite Industries Ltd, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Plant Extracts Market Report Segment
By Type
- Phytomedicines & Herbal Extracts
- Essential Oils
- Flavors and Fragrances
- Others
By Source
- Leaves
- Fruits
- Flowers and Bulbs
- Rhizomes and Roots
- Barks and Stems
- Others
By Form
- Powder
- Liquid
By Application
- Pharmaceutical & Dietary Supplements
- Food & beverages
- Cosmetics
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