Vegetable Extracts Market (Form - Dry, and Liquid; Source - Brassica, Leafy Vegetables, and Others; Application - Food and Beverage, Dietary Supplements, Cosmetics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the vegetable extracts market provides an in-depth analysis of segments and sub-segments in the global as well as regional vegetable extracts market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vegetable extracts market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global vegetable extracts market. According to the report, the global vegetable extracts market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

Market Insight

By extracting dried vegetables, vegetable extracts in liquid and dry form are obtained. Vegetables such as kale, onions, carrots, beetroot, cabbage, parsley, broccoli, and other vegetables as sources for vegetable extracts. Vegetable extracts have diverse uses such as flavoring savory dishes, for medical purposes, and in dietary supplements. Vegetable extracts are rich in minerals, vitamins, antioxidants, anti-inflammatory, fibers, and others. Over the period of time, extraction processes and technology have developed which has made vegetable extraction easier and more efficient. Similarly, the applications of vegetable extracts have grown. Also, increasing vegetable production has also supplemented the vegetable extracts growth to a large extent.

The applications of the vegetable extracts market are growing rapidly across industries such as food and beverage, pharmaceuticals, and cosmetics. Researchers are being conducted to find new applications for vegetable extracts in dietary supplements as vegetable extracts are rich in minerals and vitamins. Furthermore, vegetable extracts are considered a natural source of dyes that are considered to be used in cosmetics such as hair dyes, and in food and beverage, the applications of vegetable extracts are limitless. The world is moving away from meat based products due to their cruelty towards animals and the environment which has given rise to veganism and thus the demand for plant based foods is rising dramatically. Vegetable extracts are used as ingredients in a variety of plant based foods and with the rise in demand for plant based foods the use of vegetable extracts in these foods is only expected to grow. However, the availability of artificial alternatives is some factor hampering the growth of the market. Going further, the improvements and technological advancements in extraction processes and technology offer growth opportunities.

The global vegetable extracts market is segmented into North America, Asia Pacific, Europe, and RoW region. The Asia Pacific is expected to be the largest revenue generating region in the market. Countries such as India and China are one of the major producers of vegetables in the world and thus have a major share in vegetable exports of the world. Vegetable extraction companies have also grown significantly over the period of time. There are many locally based and regional companies that offer vegetable extracts and have set up manufacturing plants and a whole ecosystem in Asia-Pacific. Like vegetable exports, the export of vegetable extracts. Also, end user industries such as food and beverage, pharmaceuticals and cosmetics are well established in Asia-Pacific and use vegetable extracts on a large scale. North America is expected to be the second largest major user of vegetable extracts due to strong demand for end user industries.

Segment Covered

The report on the global vegetable extracts market covers segments such as form, source, and application. On the basis of form, the sub-markets include dry, and liquid. On the basis of source, the sub-markets include brassica, leafy vegetables, and others. On the basis of application, the sub-markets include food and beverage, dietary supplements, cosmetics, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as ADM Company, B.K. Dehy Foods, Aarkay Food Products, Givaudan S.A., Carrubba INC, Draco Natural Products, KAN Phytochemicals Pvt. Ltd., Olam Group, Del-Val Food Ingredients, and ESENCO.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the vegetable extracts market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.