The Latin America, Middle East and Africa Plant Extracts Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
Consumers who are constantly searching for organic, healthful products without artificial additives have generally supported the inclusion of plant extracts in meals. The use of herbal remedies as an alternative form of treatment for illnesses, including heart disease, diabetes, and other conditions is slowly rising throughout the world. In order to alter the flavor and scent of the product and give it a refreshing flavor, herbal extracts are utilized as additives in the food and beverage sector. The market for plant extracts is anticipated to develop as a result of the features that herbal extracts confer, such as extended shelf life and a reduction in microbial deterioration.
Different applications for customized care and beauty products have been developed as a result of growing consumer preference for natural products. Many of the macro forces driving the development of the market are rapid industrialization and rising non-renewable consumer income, particularly in emerging financial systems. It is anticipated that increasing application opportunities due to increased consumer interest in health benefits and negligible environmental effects of gas would drive the demand in the health care sector. In the coming years, it is anticipated that the demand for perfumed flavors and odors in fragrances, cosmetics, as well as spa and leisure applications, would increase.
The project to establish a medical plant incubator was formally launched by the Gauteng MEC for Agriculture, Conservation, and Environment to encourage efficient harvesting of medicinal plants, which are essential to humankind's healthcare systems. This attempt to create an incubator for medicinal plants is intended to help stop the deterioration of local medicinal plants. Hence, with a significant prevalence of a number of key medicinal plants, the extraction of these plants is estimated to rise significantly. In addition to this, the rising number of government initiatives in order to protect them would also play a major role in accelerating the growth of the regional plant extracts market.
The Brazil market dominated the LAMEA Plant Extracts Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,175.6 million by 2028. The Argentina market is experiencing a CAGR of 15.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 14.5% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages, Cosmetics, Pharmaceuticals, Dietary Supplements, and Others. Based on Source, the market is segmented into Herbs & Spices, Fruits & Vegetables, and Flowers. Based on Form, the market is segmented into Dry and Liquid. Based on Product Type, the market is segmented into Oleoresins, Essential Oils, Flavonoids, Alkaloids, Carotenoids, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Plant Extracts Market is Predict to reach $65.6 Billion by 2028, at a CAGR of 11.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include International Flavors & Fragrances, Inc., Kerry Group PLC, Archer Daniels Midland Company, Carbery Group Ltd., Koninklijke DSM N.V., Döhler Gmbh, Symrise AG, Givaudan S.A., Synthite Industries Pvt. Ltd., and Kalsec Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food & Beverages
- Cosmetics
- Pharmaceuticals
- Dietary Supplements
- Others
By Source
- Herbs & Spices
- Fruits & Vegetables
- Flowers
By Form
By Product Type
- Oleoresins
- Essential Oils
- Flavonoids
- Alkaloids
- Carotenoids
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- International Flavors & Fragrances, Inc.
- Kerry Group PLC
- Archer Daniels Midland Company
- Carbery Group Ltd.
- Koninklijke DSM N.V.
- Döhler Gmbh
- Symrise AG
- Givaudan S.A.
- Synthite Industries Pvt. Ltd.
- Kalsec Inc.
TABLE 1 LAMEA Plant Extracts Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Plant Extracts Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Plant Extracts Market
TABLE 4 Product Launches And Product Expansions – Plant Extracts Market
TABLE 5 Acquisition and Mergers – Plant Extracts Market
TABLE 6 Business Expansion – Plant Extracts Market
TABLE 7 LAMEA Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 8 LAMEA Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 9 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Cosmetics Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Cosmetics Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Pharmaceuticals Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Pharmaceuticals Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Dietary Supplements Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Dietary Supplements Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 20 LAMEA Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 21 LAMEA Herbs & Spices Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Herbs & Spices Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Fruits & Vegetables Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Fruits & Vegetables Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Flowers Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Flowers Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 28 LAMEA Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 29 LAMEA Dry Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Dry Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Liquid Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Liquid Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 34 LAMEA Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 35 LAMEA Oleoresins Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Oleoresins Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Essential Oils Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Essential Oils Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Flavonoids Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Flavonoids Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Alkaloids Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Alkaloids Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Carotenoids Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Carotenoids Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Plant Extracts Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Plant Extracts Market by Country, 2022 - 2028, USD Million
TABLE 49 Brazil Plant Extracts Market, 2018 - 2021, USD Million
TABLE 50 Brazil Plant Extracts Market, 2022 - 2028, USD Million
TABLE 51 Brazil Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 52 Brazil Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 53 Brazil Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 54 Brazil Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 55 Brazil Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 56 Brazil Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 57 Brazil Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 58 Brazil Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 59 Argentina Plant Extracts Market, 2018 - 2021, USD Million
TABLE 60 Argentina Plant Extracts Market, 2022 - 2028, USD Million
TABLE 61 Argentina Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 62 Argentina Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 63 Argentina Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 64 Argentina Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 65 Argentina Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 66 Argentina Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 67 Argentina Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Argentina Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 69 UAE Plant Extracts Market, 2018 - 2021, USD Million
TABLE 70 UAE Plant Extracts Market, 2022 - 2028, USD Million
TABLE 71 UAE Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 72 UAE Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 73 UAE Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 74 UAE Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 75 UAE Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 76 UAE Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 77 UAE Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 78 UAE Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Plant Extracts Market, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Plant Extracts Market, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 89 South Africa Plant Extracts Market, 2018 - 2021, USD Million
TABLE 90 South Africa Plant Extracts Market, 2022 - 2028, USD Million
TABLE 91 South Africa Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 92 South Africa Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 93 South Africa Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 94 South Africa Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 95 South Africa Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 96 South Africa Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 97 South Africa Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 98 South Africa Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 99 Nigeria Plant Extracts Market, 2018 - 2021, USD Million
TABLE 100 Nigeria Plant Extracts Market, 2022 - 2028, USD Million
TABLE 101 Nigeria Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 102 Nigeria Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 103 Nigeria Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 104 Nigeria Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 105 Nigeria Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 106 Nigeria Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 107 Nigeria Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 108 Nigeria Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Plant Extracts Market, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Plant Extracts Market, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Plant Extracts Market by Application, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Plant Extracts Market by Application, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Plant Extracts Market by Source, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Plant Extracts Market by Source, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Plant Extracts Market by Form, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Plant Extracts Market by Form, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Plant Extracts Market by Product Type, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Plant Extracts Market by Product Type, 2022 - 2028, USD Million
TABLE 119 Key information – International Flavors & Fragrances, Inc.
TABLE 120 Key Information – Kerry Group PLC
TABLE 121 key Information – Archer Daniels Midland Company
TABLE 122 Key Information – Carbery Group Ltd.
TABLE 123 Key Information – Koninklijke DSM N.V.
TABLE 124 Key Information – Döhler Gmbh
TABLE 125 key Information – Symrise AG
TABLE 126 key Information – Givaudan S.A.
TABLE 127 Key Information – Synthite Industries Pvt. Ltd
TABLE 128 Key Information – Kalsec Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2018, Oct – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: International Flavors & Fragrances, Inc.
FIG 6 Recent strategies and developments: Symrise AG
FIG 7 Recent strategies and developments: Givaudan S.A.