Plant Extracts Market - Forecast(2021 - 2026)
Plant Extract Market Overview Plant Extract Market size in 2020 is estimated to be $14.162 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Plant extracts is a substance that is extracted from plant and herbs. It has medicinal properties and is also a source of active compounds such as alkaloids, steroids, tannins , glycosides, volatile oils, phenols, and flavonoids . These active compounds are found in various part of the plants such as leaves, flowers, bark, seeds, fruits, and roots. Plant extracts are used in various industries such as food and beverage, cosmetic, pharmaceutical and others. Increasing demand of plant extracts in food and beverage as well as in cosmetics industries are the major factors driving the growth of the market. Moreover, growing consumption of convenience food coupled with increasing health consciousness among the people further enhance the overall market demand for Plant Extract during the forecast period 2021-2026. Report Cover