the natural extracts market | United States

The global market for plant and natural extracts is forecast to grow from USD 41.5 billion to USD 79.2billion at a CAGR of 11.4% between 2014-2020.Phytochemicals are predictedto experience the quickest growth, with a CAGR of 11.7%

 

The US is the largest consumer of plant extracts, with over 60% of global consumption, valued at USD 915 million. This industry is not subject to the same rigorous regulatory standards imposed on pharmaceutical manufacturers.70% of raw materials are imported.

 

The market can be segmented intothe following categories:

Herbal Extracts

Phytochemicals

Spices

Essential Oils

Flavors and Fragrances

Others

 

The driving factors of this market are:

 

  • Increased awareness among consumers regarding the side effects of beauty products
  • A growing number of people who use beauty products
  • Increased interest in personal grooming

 

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Sigma Aldrich Co. Llc.

  • Country : United States
  • Turnover : USD 2.7 billion
  • Position : A high-end technology company that makes various products to enhance their consumers’ lives.

Lehmann & Voss & Co.

  • Country : Germany
  • Turnover : €297 million
  • Position : A company that sells chemical and mineral extracts to various other industries.

Alkaloid co.

  • Country : North Macedonia
  • Turnover : €119 million
  • Position : A company that makes botanical raw materials, drugs, and various cosmetic products.

Organic Herb Inc.

  • Country : United States
  • Turnover : USD 7 million
  • Position : A company that makes organic spices and herb extracts throughout the nation.

Plant Extracts International

  • Country : United States
  • Turnover : USD 7 million
  • Position : A company that makes various plant extracts and aethereo oils for mass distribution.

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