The plant extracts market in Europe is expected to grow from US$ 7,357.90 million in 2022 to US$ 11,050.83 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
The demand for herbal products is increasing among consumers. Herbal and natural products are considered as healthier alternatives to synthetic products. Plant extracts are used in the manufacturing of herbal food and beverages, herbal medicines, and herbal cosmetic products. Moreover, the demand for herbal products is increasing due to the rising awareness about the therapeutic properties of herbs. Plant extracts are primarily added to cosmetic formulations due to their antioxidant, anti-inflammatory, antiseptic, and antimicrobial properties. The demand for herbal cosmetics and personal care products is increasing. Herbal cosmetics products are claimed to have efficacy and intrinsic acceptability as consumers routinely use these products in daily life over synthetic products to avoid the side effects. Manufacturers are also developing strategies to invest in the cosmetics industry. Thus, the increasing demands for herbal skin care products are driving the growth of the plant extracts market.
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Europe Plant Extracts Strategic Insights
Strategic insights for the Europe Plant Extracts provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
Dohler
Givaudan S.A.
Ingredion Inc.
International Flavors & Fragrances, Inc.
Kemin Industries, Inc.
Kerry Group Plc
Sensient Technologies Corporation
Symrise
Synergy Flavors
Europe Plant Extracts Regional Insights
The geographic scope of the Europe Plant Extracts refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Plant Extracts Market Segmentation
The Europe plant extracts market is segmented on the basis of form, source, application, and country. Based on form, the market is segmented into liquid, powder, and paste. The liquid segment dominated the market in 2022. Based on source, the market is segmented into fruits and vegetables, herbs and spices, flowers, and others. The herbs and spices segment dominated the market in 2022. Based on application, the Europe plant extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment dominated the market in 2022. Based on country, the Europe plant extracts market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Further, the rest of Europe dominated the market in 2022.
A few of the key players dominating the Europe plant extracts market are Dohler; Givaudan S.A.; Ingredion Inc.; International Flavors & Fragrances, Inc.; Kemin Industries, Inc.; Kerry Group Plc; Sensient Technologies Corporation; Symrise; and Synergy Flavors.
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Akshay
Senior Market Research Expert at Business Market Insights
