The global market for Medicinal Plant Extracts is expected to grow at a significant CAGR during the forecast period (2021-2027). Plant extraction is a technique for extracting desired components or active compounds from any section of the plant. The plant extract is solubilized and confined in a solvent, with the resultant solution being the required extract. The solvent is then removed (according to its intended end-use application) to isolate the plant extract. Plant extracts are increasingly being used in a variety of industries, including cosmetics, pharmaceuticals for medicinal qualities, and food and beverage for their beneficial components. Due to their unrivalled chemical variety, natural extracts from plants give limitless possibilities, plant extracts are used for a variety of purposes, including skin medicine, anti-irritants, wetting, anti-inflammatory, sterilisers, anti-infectives, and skin protection. These extracts are used in a variety of industries, including medicines, food and beverage, cosmetics, and others.

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Plant extracts have been discovered to have a beneficial biological activity such as anticancer, wound healing activity, antidiarrheal, antibacterial, analgesic, and antioxidant characteristics through their usage in medicine. Natural goods are now seen as healthier alternatives to synthetic ones by consumers. These are some of the main reasons that are expected to drive demand for global medicinal plant extracts market growth.

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Furthermore, there has been a growing need for plant essences in the pharmaceutical industry, owing to an increase in corporate research and development initiatives and an increase in the desire for comfort foods. For instance, Givaudan has created a new Protein Hub in Zurich intending to bring producers together to cooperate and share ideas that will help the medicinal plant proteins continue to improve.

Global Medicinal Plant Extracts Market – Segmentation
By Source
Leaves
Fruits
Flowers
Rhizomes & Roots
Barks & Stems
Seeds
Others
By Application
Pharmaceuticals & Dietary Supplements
Food & Beverages
Cosmetics
Personal Care Products
Toiletries
By Function
Antioxidant
Immune Enhancer
Anti – Cancer
Skin Care

Global Medicinal Plant Extracts Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Givaudan
Sensient Technologies Corporation
Kangcare
Synthite Industries Ltd.
International Flavors & Fragrances Inc.

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