Plant Extract Market Size Worth $124.91 Billion by 2034 | CAGR: 11.3%

The global plant extracts market size is expected to reach USD 124.91 billion by 2034 according to a new study by Polaris Market Research. The report “Plant Extracts Market Share, Size, Trends, Industry Analysis Report, By Product Type (Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids); By Application; By Form; By Source; By Region; Segment Forecast, 2025 – 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Plant extracts are extracts formed from the active constituents of the plant, concentrated and naturally derived, with functional, therapeutic, or nutrition-based benefits. Consumer involvement in clean-label and plant-based products highlights the nature of plant extracts as safe and natural alternatives to synthetic chemicals. Increased excitement surrounding wellness, sustainability, and transparency has boosted emerging industries to favor bioactive plant alternatives instead of artificial additives. Plant extracts are being formulated into a growing everyday consumer products, solidifying their position as a key ingredient to satisfy changing lifestyle choices.

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The plant extracts market is also driven by the focus on innovation in extraction methods using sustainable systems and improved processing methods. Companies have been engaged in identifying, implementing, and redistributing technologies that allow for higher yield, purity, efficiency, and lower environmental impacts, while also keeping consistency, quality, and stability in mind when manufacturing at scale. While the changing markets continue to provide unique value propositions to plant extracts, this developing trend outlines both the global priorities for sustainable manufacturing practices and responsible sourcing, and the potential to grow an industry's application while utilizing sustainability, safety, and product differentiation as pillars for growth. The opportunity for the industry to incorporate new, more innovative extraction methodologies, solidifies their future expansion potential.

Plant Extracts Market Report Highlights

• Based on product, essential oils segment dominated the market in 2024. This is due to the concentrated, volatile, aromatic compounds of the plant, which are also the primary aromatic features of the plant, and they are steam distilled to extract oil.
• In terms of application, the food & beverage segment held largest market share in 2024 as plant extracts are used as colorants and flavoring agents to enhance the overall nutritional content.
• Based on form, the dry-form herbal extracts are expected to hold significant revenue share during the forecast period as they are simple to utilize and can be combined into various products.
• Asia Pacific dominated the plant extracts market in 2024. The is due to the established traditional medical practices and the fast-evolving natural product market in the region.
• The North America market is expected to witness growth during the forecast period. This is due to rise in demand from consumers who prefer natural, organic, and clean label products in the food, cosmetics, and nutraceutical sectors.
• Major players operating in the industry include Arjuna Natural Extracts Ltd., Döhler, Givaudan, Indena S.p.A., International Flavors & Fragrances, Inc, Kalsec, Inc., Kangcare Bioindustry Co., Ltd., Martin Bauer GmbH & Co. KG, Native Extracts Pty. Ltd., Naturex Inc., Network Nutrition, Organic Herb Inc., Plant Extracts International Inc., PT. Haldin Pacific Semesta.

Polaris Market Research has segmented the plant extracts market report based on product type, application, form, source, and region:

Plant Extracts, Product Type Outlook (Revenue - USD Billion, 2020 - 2034)

• Oleoresins
• Essential Oils
• Flavonoids
• Alkaloids
• Carotenoids
• Others

Plant Extracts, Application Outlook (Revenue - USD Billion, 2020 - 2034)

• Food & Beverages
• Cosmetics
• Pharmaceuticals
• Dietary Supplements
• Others

Plant Extracts, Form Outlook (Revenue - USD Billion, 2020 - 2034)

• Dry
• Liquid

Plant Extracts, Source Outlook (Revenue - USD Billion, 2020 - 2034)

• Herbs & Spices
• Fruits & Vegetables
• Flowers

Plant Extracts, Regional Outlook (Revenue - USD Billion, 2020 - 2034)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa