Europe Plant Extracts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Liquid, Powder, and Paste), Source (Fruits and Vegetables, Herbs and Spices, Flowers, and Others), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)

The plant extracts market in Europe is expected to grow from US$ 7,357.90 million in 2022 to US$ 11,050.83 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.

The demand for herbal products is increasing among consumers. Herbal and natural products are considered as healthier alternatives to synthetic products. Plant extracts are used in the manufacturing of herbal food and beverages, herbal medicines, and herbal cosmetic products. Moreover, the demand for herbal products is increasing due to the rising awareness about the therapeutic properties of herbs. Plant extracts are primarily added to cosmetic formulations due to their antioxidant, anti-inflammatory, antiseptic, and antimicrobial properties. The demand for herbal cosmetics and personal care products is increasing. Herbal cosmetics products are claimed to have efficacy and intrinsic acceptability as consumers routinely use these products in daily life over synthetic products to avoid the side effects. Manufacturers are also developing strategies to invest in the cosmetics industry. Thus, the increasing demands for herbal skin care products are driving the growth of the plant extracts market.

Europe Plant Extracts Market Revenue and Forecast to 2028 (US$ Million)

Europe Plant Extracts Market Segmentation    

The Europe plant extracts market is segmented on the basis of form, source, application, and country. Based on form, the market is segmented into liquid, powder, and paste. The liquid segment dominated the market in 2022. Based on source, the market is segmented into fruits and vegetables, herbs and spices, flowers, and others. The herbs and spices segment dominated the market in 2022. Based on application, the Europe plant extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment dominated the market in 2022. Based on country, the Europe plant extracts market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Further, the rest of Europe dominated the market in 2022.

A few of the key players dominating the Europe plant extracts market are Dohler; Givaudan S.A.; Ingredion Inc.; International Flavors & Fragrances, Inc.; Kemin Industries, Inc.; Kerry Group Plc; Sensient Technologies Corporation; Symrise; and Synergy Flavors.

1. Dohler
2. Givaudan S.A.
3. Ingredion Inc.
4. International Flavors & Fragrances, Inc.
5. Kemin Industries, Inc.
6. Kerry Group Plc
7. Sensient Technologies Corporation
8. Symrise
9. Synergy Flavors

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