Water-Soluble Plant Extracts Market By Type (Herbal Extracts, Fruit Extracts, Vegetable Extracts, Seaweed Extracts, Flower Extracts), By Application (Pharmaceuticals, Dietary Supplements, Cosmetics & Personal Care, Food & Beverages, Animal Feed), By Source (Medicinal Plants, Fruits & Vegetables, Seaweeds, Flowers & Herbs, Other Botanical Sources), By Form (Powder, Liquid, Capsules, Tablets, Other Forms), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Water-Soluble Plant Extracts Market was valued at USD 34.4 billion in 2023 and will surpass USD 68.9 billion by 2030; growing at a CAGR of 10.4% during 2024 - 2030.

The water-soluble plant extracts market is growing rapidly as industries increasingly seek natural ingredients for various applications, including pharmaceuticals, cosmetics, food, and beverages. Among the various types of plant extracts, herbal extracts dominate the market due to their wide-ranging benefits and applications. Herbal extracts are derived from medicinal plants known for their therapeutic properties, such as anti-inflammatory, antioxidant, and antimicrobial benefits. The growing consumer preference for natural and plant-based products has significantly driven demand for herbal extracts, especially in the health and wellness sector.

Herbal Extracts Segment Is Largest Owing To Their Versatility and Demand Across Industries

Herbal extracts are particularly popular in the pharmaceutical and dietary supplement industries, where they are used for formulating products aimed at boosting immunity, improving digestion, and promoting overall well-being. The adaptability of herbal extracts in both traditional and modern applications, coupled with an increasing trend towards holistic health, has made them a preferred choice in product development. As consumers become more health-conscious and seek alternatives to synthetic chemicals, the demand for herbal extracts is expected to continue growing, solidifying their position as the largest sub-segment in the water-soluble plant extracts market.

Pharmaceuticals Segment Is Fastest Growing Owing To Rising Health Consciousness

The application of water-soluble plant extracts in pharmaceuticals is witnessing rapid growth, driven by the increasing consumer shift towards natural remedies and preventative health measures. With rising concerns about the side effects of synthetic drugs, there is a growing preference for plant-based ingredients in pharmaceutical formulations. Water-soluble extracts from various plants, including herbs and fruits, offer enhanced bioavailability, making them ideal for use in health supplements, functional foods, and medicinal products.

The pharmaceuticals sector is leveraging the medicinal properties of water-soluble plant extracts to create drugs targeting chronic conditions, boosting immunity, and addressing lifestyle diseases. The growing trend of self-medication and the rising awareness of plant-based treatments are contributing to the rapid expansion of this segment. As the demand for natural alternatives in healthcare continues to rise, the pharmaceutical application of water-soluble plant extracts is expected to maintain its position as one of the fastest-growing sub-segments in the market.

Medicinal Plants Segment Is Largest Due To Their Extensive Use in Therapeutics

Among the various sources of water-soluble plant extracts, medicinal plants lead the market due to their extensive therapeutic applications and historical use in traditional medicine. These plants are rich in bioactive compounds that offer a wide range of health benefits, including anti-inflammatory, antioxidant, and antimicrobial properties. The growing global focus on natural remedies and the increasing demand for sustainable and organic products are driving the demand for water-soluble extracts derived from medicinal plants.

Medicinal plants are integral to the development of health supplements, pharmaceuticals, and functional foods. Their ability to provide targeted health benefits has made them essential in the formulation of products that cater to an increasingly health-conscious population. As the preference for herbal and natural ingredients continues to gain momentum, the medicinal plants segment is expected to remain the largest source of water-soluble plant extracts, with continued growth in both developed and emerging markets.

Powder Segment Is Largest Owing To Its Versatility in Various Applications

The powder form of water-soluble plant extracts is the largest sub-segment in the market, attributed to its versatility and ease of use across a broad range of industries. Powders are preferred for their long shelf life, ease of transportation, and ability to be incorporated into various formulations, including tablets, capsules, and functional foods. The powder form is particularly well-suited for dietary supplements and pharmaceutical applications, where precise dosing and easy incorporation into other products are crucial.

The growing demand for dietary supplements and natural health products has significantly driven the adoption of powdered plant extracts. Additionally, the powder form facilitates the creation of concentrated products that offer high potency and easy consumption. As the market for health and wellness products expands, the powder form of water-soluble plant extracts is expected to maintain its dominant position, particularly in the nutraceuticals and pharmaceuticals sectors.

North America Holds the Largest Market Share Owing To High Demand in Pharmaceuticals and Cosmetics

North America is the largest region in the water-soluble plant extracts market, driven by the high demand in pharmaceuticals, cosmetics, and dietary supplements. The region's well-established healthcare and cosmetic industries, along with a growing preference for natural and organic products, have created a robust market for plant-based ingredients. The United States and Canada are major consumers of water-soluble plant extracts, with a focus on functional foods, nutraceuticals, and personal care products.

The increasing trend towards wellness, clean-label products, and natural ingredients in North America is a key factor contributing to the region's dominance. Additionally, the presence of leading companies in the plant extracts market, coupled with favorable regulatory frameworks for natural products, has solidified North America's position as the largest market. The region is expected to continue leading the market in the coming years, driven by the rising awareness of plant-based wellness solutions and the growing demand for sustainable and eco-friendly ingredients in various industries.

Competitive Landscape: Leading Companies Focus on Innovation and Strategic Collaborations

The water-soluble plant extracts market is highly competitive, with several established players leading the industry through innovation, strategic partnerships, and expanding product portfolios. Companies such as Givaudan, BASF, and Naturex (now part of Givaudan) are prominent in the market, offering a wide range of plant-based extracts and solutions for various applications, including pharmaceuticals, cosmetics, and food and beverages. These companies are increasingly focusing on product innovation, such as creating specialized extracts that offer enhanced bioavailability and targeted health benefits.

In addition to large multinational companies, smaller players are also emerging with unique offerings, targeting niche markets and emphasizing sustainable sourcing and organic certification. The competitive landscape is further shaped by mergers and acquisitions, as companies seek to expand their market presence and diversify their product offerings. As the demand for natural and plant-based ingredients continues to rise, companies in the water-soluble plant extracts market are expected to increasingly focus on sustainable practices, regulatory compliance, and meeting the evolving needs of health-conscious consumers.

 

Recent Developments:

  • Givaudan acquired Naturex, expanding its portfolio of natural ingredients, including water-soluble plant extracts for use in various industries.
  • BASF launched new water-soluble plant-based extract solutions for the functional food and beverage sectors, improving nutrient absorption.
  • Sabinsa introduced a water-soluble version of its Curcumin C3 Complex, offering better bioavailability for dietary supplements.
  • Kemin Industries launched a new line of water-soluble plant extracts aimed at improving animal gut health and nutritional value.
  • Alchem International partnered with Teva to supply water-soluble plant extracts for use in pharmaceutical products, focusing on natural therapeutic solutions.

List of Leading Companies:

  • Indena S.p.A.
  • Givaudan SA
  • BASF SE
  • DSM Nutritional Products
  • Herbalife Nutrition Ltd.
  • Naturex (Givaudan)
  • Arjuna Natural Extracts Ltd.
  • Kemin Industries, Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Sabinsa Corporation
  • Antioxidant Solutions, Inc.
  • BotanicalsPlus, Inc.
  • PlantaPhile
  • Alchem International Pvt. Ltd.
  • Cargill, Inc.

Report Scope:

Report Features

Description

Market Size (2023)

USD 34.4 Billion

Forecasted Value (2030)

USD 68.9 Billion

CAGR (2024 – 2030)

10.4%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Water-Soluble Plant Extracts Market By Type (Herbal Extracts, Fruit Extracts, Vegetable Extracts, Seaweed Extracts, Flower Extracts), By Application (Pharmaceuticals, Dietary Supplements, Cosmetics & Personal Care, Food & Beverages, Animal Feed), By Source (Medicinal Plants, Fruits & Vegetables, Seaweeds, Flowers & Herbs, Other Botanical Sources), By Form (Powder, Liquid, Capsules, Tablets, Other Forms)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Indena S.p.A., Givaudan SA, BASF SE, DSM Nutritional Products, Herbalife Nutrition Ltd., Naturex (Givaudan), Arjuna Natural Extracts Ltd., Kemin Industries, Inc., Teva Pharmaceutical Industries Ltd., Sabinsa Corporation, Antioxidant Solutions, Inc., BotanicalsPlus, Inc., PlantaPhile, Alchem International Pvt. Ltd., Cargill, Inc.

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Water-Soluble Plant Extracts Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Herbal Extracts

   4.2. Fruit Extracts

   4.3. Vegetable Extracts

   4.4. Seaweed Extracts

   4.5. Flower Extracts

5. Water-Soluble Plant Extracts Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Pharmaceuticals

   5.2. Dietary Supplements

   5.3. Cosmetics & Personal Care

   5.4. Food & Beverages

   5.5. Animal Feed

   5.6. Others

6. Water-Soluble Plant Extracts Market, by Source (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Medicinal Plants

   6.2. Fruits & Vegetables

   6.3. Seaweeds

   6.4. Flowers & Herbs

   6.5. Other Botanical Sources

7. Water-Soluble Plant Extracts Market, by Form (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Powder

   7.2. Liquid

   7.3. Capsules

   7.4. Tablets

   7.5. Other Forms

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Water-Soluble Plant Extracts Market, by Type

      8.2.7. North America Water-Soluble Plant Extracts Market, by Application

      8.2.8. North America Water-Soluble Plant Extracts Market, by Source

      8.2.9. North America Water-Soluble Plant Extracts Market, by Form

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Water-Soluble Plant Extracts Market, by Type

               8.2.10.1.2. US Water-Soluble Plant Extracts Market, by Application

               8.2.10.1.3. US Water-Soluble Plant Extracts Market, by Source

               8.2.10.1.4. US Water-Soluble Plant Extracts Market, by Form

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Indena S.p.A.

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Givaudan SA

   10.3. BASF SE

   10.4. DSM Nutritional Products

   10.5. Herbalife Nutrition Ltd.

   10.6. Naturex (Givaudan)

   10.7. Arjuna Natural Extracts Ltd.

   10.8. Kemin Industries, Inc.

   10.9. Teva Pharmaceutical Industries Ltd.

   10.10. Sabinsa Corporation

   10.11. Antioxidant Solutions, Inc.

   10.12. BotanicalsPlus, Inc.

   10.13. PlantaPhile

   10.14. Alchem International Pvt. Ltd.

   10.15. Cargill, Inc.

11. Appendix

A comprehensive market research approach was employed to gather and analyze data on the Water-Soluble Plant Extracts Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Water-Soluble Plant Extracts Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Water-Soluble Plant Extracts Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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