Leading Plant Extracts Application Markets Databank
The Plant Extracts market was valued at $25,417.2 Million in 2020, and is projected to reach $37,857.9 Million by 2029 growing at a CAGR of 4.58% from 2021 to 2029. Pharmaceutical & dietary supplements segment is expected to be the highest contributor to this market, with $8,932.9 Million in 2020, and is anticipated to reach $13,996.6 Million by 2029, registering a CAGR of 5.17%. Food & beverage segment is anticipated to reach $12,722.4 Million by 2029 with the highest CAGR of 5.38%. Pharmaceutical & dietary supplements and Food & beverage segments collectively expected to account for about 66.5% share of the Plant Extracts market in 2020, with the former constituting around 35.1% share. Food & beverage and Pharmaceutical & dietary supplements segments are expected to witness significant growth rates at a CAGR of 5.38% and 5.17% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.5% in the overall Plant Extracts market in 2020, and is anticipated to reach 70.6% by 2029.
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