Global Medicinal Plant Extract Market Overview:
Medical plant extracts are extensively used in the healthcare sector. Growing health benefits coupled with rise in demand for personal care products has strengthened the growth of the global medicinal plant extract market. Based on these applications, the global plants extract market is forecasted to witness exponential growth over a period of time. Moreover, some of the medicinal plants are used aromatic treatments such as massage and sauna.
- Rising Awareness Regarding the Side-Effects of Synthetic Flavor
- Increasing Demand for Herbal Medicines and Ayurveda & Homeopathic Products
- Surging Demand for Natural Skincare Products Containing Medicinal Plant Extracts
- Lack of Supply of Raw Materials and Price Fluctuation
- Growth of the Pharmaceutical Industry and Healthy Eating Trend
- Growing Personal Care and Nutraceutical Industry Worldwide
- Lack of Awareness About the Advantages Offered By Medicinal Plant Extracts in Developing Countries
- Availability of Substitutes
Some of the key players profiled in the report are Givaudan (Switzerland), Organic Herb Inc (China), Plant Extracts International Inc (United States), Arjuna Natural Extracts Ltd (India), Indfrag (India), Phytovation (United Kingdom), KANCOR (India), Sigma-Aldrich Co. LLC (United States) and Vidya Herbs (India). Analyst at AdvanceMarketAnalytics see United States and India Players to retain maximum share of Global Medicinal Plant Extract market by 2025. Considering Market by Source , the sub-segment i.e. Fruits, Flowers, and Bulbs will boost the Medicinal Plant Extract market. Considering Market by Form, the sub-segment i.e. Powder will boost the Medicinal Plant Extract market.
In Nov 2019, Italian botanicals firm Indena is to sell its nutricosmetics business to Swiss flavours and fragrances specialist Givaudan in a deal that also involves a manufacturing and innovation partnership between the two firms.
In April 2019, Arjuna Natural Ltd. has been granted a new patent in Europe for its applied technology of improving the bioavailability of curcumin in its BCM-95®(Curcugreen®) formulation and a leading product in its broad portfolio of natural ingredients.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medicinal Plant Extract market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medicinal Plant Extract market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Medicinal Plant Extracts Manufacturers, Retailers, Wholesalers, E-commerce Companies and Traders, Importers and Exporters.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.