Global Medicinal Plant Extracts Market Growth 2023-2029

Global Medicinal Plant Extracts Market Growth 2023-2029

Medicinal plants, also called medicinal herbs, have been discovered and used in traditional medicine practices since prehistoric times. Plants synthesise hundreds of chemical compounds for functions including defence against insects, fungi, diseases, and herbivorous mammals. Numerous phytochemicals with potential or established biological activity have been identified.

LPI (LP Information)' newest research report, the “Medicinal Plant Extracts Industry Forecast” looks at past sales and reviews total world Medicinal Plant Extracts sales in 2022, providing a comprehensive analysis by region and market sector of projected Medicinal Plant Extracts sales for 2023 through 2029. With Medicinal Plant Extracts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medicinal Plant Extracts industry.

This Insight Report provides a comprehensive analysis of the global Medicinal Plant Extracts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medicinal Plant Extracts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medicinal Plant Extracts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medicinal Plant Extracts and breaks down the forecast by form, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medicinal Plant Extracts.

The global Medicinal Plant Extracts market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Plant medicines are in wide use around the world. In most of the developing world, especially in rural areas, local traditional medicine, including herbalism, is the only source of health care for people, while in the developed world, alternative medicine including use of dietary supplements is marketed aggressively using the claims of traditional medicine.

This report presents a comprehensive overview, market shares, and growth opportunities of Medicinal Plant Extracts market by product form, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by form
Powder
Oil
Others

Segmentation by application
Medicinal Products
Personal Care

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Organic Herb
Plant Extracts International
Arjuna Natural Extracts
Phytovation
Sigma-Aldrich
Indfrag
Kancor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medicinal Plant Extracts market?

What factors are driving Medicinal Plant Extracts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medicinal Plant Extracts market opportunities vary by end market size?

How does Medicinal Plant Extracts break out form, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.