Leading Plant Extracts Source 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. Fruits and flowers segment is expected to be the highest contributor to this market, with $12,324.8 Million in 2020, and is anticipated to reach $17,561.9 Million by 2029, registering a CAGR of 4.06%. Rhizomes & roots segment is anticipated to reach $4,471.6 Million by 2029 with the highest CAGR of 7.33%. Fruits and flowers and Leaves segments collectively expected to account for about 71.2% share of the Plant Extracts market in 2020, with the former constituting around 48.5% share. Rhizomes & roots and Leaves segments are expected to witness significant growth rates at a CAGR of 7.33% and 5.90% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 32.0% in the overall Plant Extracts market in 2020, and is anticipated to reach 37.2% by 2029.
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