Plant extract market grows at a CAGR of 9.1% during the forecast period of 2019-2024.

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Plant Extract Market grows at a CAGR of 9.1
during the forecast 2019-2024. 
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The Americas has a major share in the Plant
Extracts Market during the forecast period. It is
expected to reach 41, 553.1 million at a CAGR of
9.7 by 2023. The market in this region has been
experiencing a steady growth recently due to
increasing demand for cosmetics and nutritional
products composed of ingredients which are
derived from plants.
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Selected Analysis Done in the Full Report
Nutraceuticals segment reached a market revenue
of 14,321.8 million in 2014. It is expected to
reach 38, 942 million by 2023 at a CAGR of
10.5. it is the largest end user industry due to
the growing demand for food and medicinal
products that provide health benefits along with
the basic nutrition value found in the foods.
The functional food and beverages segment holds
the second largest share in the Plant Extracts
market. It is expected to reach 2,174 million at
a CAGR of 13.1 by 2023.
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Excerpts on Market Growth Factors

• Increasing awareness of consumers about the
  benefits of naturally derived products will drive
  the demand for Plant Extracts Market.
• Growing health concerns due to unhealthy
  lifestyles which results in the increasing number
  of health disorders, enhance the growth of plant
  extracts.
• Consumers are investing a lot in natural
  products which are beneficial to them such as
  natural cosmetics, dietary supplements, and
  functional foods.

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Key Players of the Plant Extracts Market

• Symrise AG
• Naturex SA
• Indena SpA
• Martin Bauer GmbH Co. KG
• Linnea SA
• And 15 more

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