North America Plant Extracts Market to Grow with a CAGR of 6.19% through 2029
Increasing consumer demand
for natural and herbal products are factors driving the North America Plant
Extracts market in the forecast period 2025-2029
According to TechSci
Research report, “Plant
Extracts Market – North America Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the North America Plant Extracts Market stood at USD
14.25 billion in 2023 and is anticipated to grow with a CAGR of 6.19% in the
forecast period. The North America Plant Extracts Market is witnessing a
notable upsurge, fueled by various factors including shifting consumer
preferences, technological advancements, and the growing recognition of the
therapeutic and functional attributes of plant-based substances. Over recent
years, this market has experienced significant expansion, reshaping industries
such as pharmaceuticals, cosmetics, and food and beverages.
Positioned at the nexus of
consumer trends, technological progress, and the demand for sustainable and
natural solutions, the North America Plant Extracts Market presents a promising
landscape for businesses. As industries increasingly leverage the benefits of
plant-derived compounds, this market is primed for continued growth, offering a
diverse array of opportunities for enterprises and providing consumers with a
wide range of natural alternatives.
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"North America Plant Extracts Market”
The North America Plant
Extracts Market is segmented into product type, application, regional
distribution, and company.
Based on product type, essential
oils stand out as the fastest-growing segment. This growth is attributed to the
rising popularity of aromatherapy and natural remedies in the health and
wellness sector. Essential oils are valued for their therapeutic properties,
including stress relief, relaxation, and mood enhancement. Additionally, they
are widely used in personal care products, home fragrances, and natural
cleaning solutions. The increasing consumer preference for organic and holistic
lifestyles has propelled the demand for essential oils, driving their rapid
growth within the plant extracts market.
Based on application, dietary
supplements emerge as the fastest-growing segment. This growth is fueled by
several factors. There is a growing emphasis on preventive healthcare and
wellness, with consumers seeking natural alternatives to support their overall
health. Plant-based dietary supplements are perceived as safer and more
sustainable options compared to synthetic alternatives. There is increasing
awareness about the health benefits of botanical extracts, driving demand for
supplements enriched with plant-derived compounds like vitamins, minerals, and
antioxidants. Advancements in extraction technologies have improved the
bioavailability and potency of plant extracts, enhancing their efficacy in
dietary supplements. As consumers become more proactive about their health and
seek out natural solutions, the demand for plant-based dietary supplements
continues to rise, making it the fastest-growing segment in the North America
Plant Extracts Market.
Based on country, the
United States stands out as the fastest-growing segment in the Plant Extracts
Market. This growth is attributed to several factors. Firstly, the United
States boasts a robust healthcare infrastructure and a large consumer base,
driving demand for plant-based products across various industries. The country
is at the forefront of technological innovation and research, leading to the
development of advanced extraction techniques and novel plant-derived
compounds. The consumer awareness and demand for natural and sustainable
products are particularly high in the United States, fostering the rapid
expansion of the plant extracts market in the region.
Major
companies operating in North America Plant Extracts Market are:
- Naturex Inc
- Groupe Berkem SA
- Kuber Impex Ltd
- Organic Herb Inc
- Plant Extracts
International Inc
- Network Nutrition Pty
Ltd
- Nantong Sihai plant
extracts Co ltd
- Phytovation Ltd
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“North America Plant
Extracts Market include increasing consumer demand for natural and organic
products, advancements in extraction technologies improving product quality and
efficiency, growing awareness of the therapeutic properties of plant-derived compounds,
expanding applications in industries such as pharmaceuticals, cosmetics, and
food and beverages, and supportive regulatory frameworks promoting innovation
and quality assurance. The rising focus on health and wellness, coupled with
sustainability trends, drives the market forward as consumers seek cleaner,
greener, and more ethically sourced ingredients in their products” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“North America Plant
Extracts Market By Product Type (Oleoresins, Essential Oils, Flavonoids,
Alkaloids, Carotenoids, Others), By Application (Food & Beverages,
Cosmetics, Pharmaceuticals, Dietary Supplements, Others), By Region,
Competition, Opportunity, & Forecast 2029F”, has evaluated the future growth potential
of North America Plant Extracts Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Plant Extracts Market.
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