Vegetable Extracts Market size was valued at USD 3.50 Billion in 2024 and is projected to reach USD 5.25 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
The global vegetable extracts market was valued at USD 5.6 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The growth in the market is driven by an increasing demand for plant-based ingredients in the food and beverage industry, as well as growing health-conscious consumer trends. In terms of regional distribution, North America held the largest market share, contributing approximately 40% of the global revenue in 2022, followed by Europe with a share of around 30%. The growing adoption of vegetable extracts in nutraceuticals, functional foods, and cosmetics is significantly influencing market growth across these regions. North America and Europe are expected to continue their dominance due to well-established consumer trends favoring plant-based alternatives and rising awareness of the health benefits associated with vegetable extracts.
Asia-Pacific, on the other hand, is projected to witness the fastest growth during the forecast period, with a CAGR of 9.2% from 2023 to 2030. This is attributed to the rising demand for natural food additives in emerging markets such as India and China. Additionally, the increasing awareness of the benefits of vegetable extracts in traditional medicine and skincare is driving market penetration in these regions. The market share of Latin America and the Middle East and Africa is expected to remain steady, but both regions are anticipated to see moderate growth due to the expansion of the plant-based food trend and increasing local production capabilities of vegetable extract manufacturers.
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Aarkay Food Products
Alpspure Lifesciences
B.K. Dehy Foods
Del-Val Food Ingredients
Foods & Inns
Givaudan
Ingredion
KAN Phytochemicals
Mevive International
Mitsubishi Corporation
Mitthi Foods
Natural Dehydrated Vegetables
Nikken Foods
Olam Group
Real Dehydrates
Shakti Foods
Silva International
Tanisi Incorporation
Van Drunen Farms
Xinghua Lianfu Food
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vegetable Extracts Market
Herbal Extracts
Fruit Extracts
Leaf Extracts
Root Extracts
Seed Extracts
Organic Sources
Conventional Sources
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Nutraceuticals
Animal Feed
Liquid Extracts
Powdered Extracts
Granulated Extracts
Capsules
Food Industry
Healthcare Industry
Cosmetic Industry
Agriculture Industry
Nutraceutical Industry
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vegetable Extracts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vegetable Extracts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vegetable Extracts Market, By Type
6. Global Vegetable Extracts Market, By Application
7. Global Vegetable Extracts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vegetable Extracts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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