Leading Plant Extracts Type Markets Databank

Leading Plant Extracts Type 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. Phytomedicines & herbal extracts segment is expected to be the highest contributor to this market, with $8,458.2 Million in 2020, and is anticipated to reach $11,959.2 Million by 2029, registering a CAGR of 3.97%. Flavors & fragrances segment is anticipated to reach $3,434.6 Million by 2029 with the highest CAGR of 7.13%. Phytomedicines & herbal extracts and Essential oils segments collectively expected to account for about 63.4% share of the Plant Extracts market in 2020, with the former constituting around 33.3% share. Flavors & fragrances and Essential oils segments are expected to witness significant growth rates at a CAGR of 7.13% and 5.40% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 37.4% in the overall Plant Extracts market in 2020, and is anticipated to reach 41.4% by 2029.