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    Medicinal Plant Extracts Market Research Report -Forecast to 2032 Infographic

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    Medicinal Plant Extracts Market

    ID: MRFR/HC/2753-HCR
    110 Pages
    Kinjoll Dey
    September 2025

    Medicinal Plant Extracts Market Research Report Information by Type (Spices, Essential Oils, Phytochemicals, Herbal Extracts, and others), by Part (Leaf, Seed, Shell, and others), By Application (Medicinal Products, Personal Care and Others), By Form (Powder, Oil, and others) and by Regions-Forecast to 2032

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    Medicinal Plant Extracts Market Research Report -Forecast to 2032 Infographic
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    Table of Contents

    Medicinal Plant Extracts Market Summary

    As per Market Research Future Analysis, the Global Medicinal Plant Extracts Market was valued at USD 13.20 Billion in 2023 and is projected to grow to USD 24.97 Billion by 2032, with a CAGR of 7.35% from 2024 to 2032. The market is driven by the increasing demand for natural ingredients in personal care and medicinal products, alongside rising consumer awareness and preferences for Ayurveda and herbal medicines. However, challenges such as the extinction of certain plant species and price fluctuations may hinder growth. The COVID-19 pandemic has also spurred interest in medicinal plant extracts for immunity enhancement, further boosting market demand.

    Key Market Trends & Highlights

    Key trends driving the Medicinal Plant Extracts Market include consumer behavior shifts and increased demand for natural products.

    • Market size in 2023: USD 13.20 Billion; projected to reach USD 24.97 Billion by 2032.
    • CAGR during 2024-2032: 7.35%; driven by rising consumer disposable incomes and health concerns.
    • Asia Pacific is the dominant region, fueled by historical use of herbal remedies and increasing health awareness.
    • 58% of medicinal plant analysis publications in the last decade emerged from India, USA, China, and South Korea.

    Market Size & Forecast

    2023 Market Size USD 13.20 Billion
    2024 Market Size USD 14.15 Billion
    2032 Market Size USD 24.97 Billion
    CAGR (2024-2032) 7.35%

    Major Players

    Key players include Plant Extracts International Inc (U.S.), ARJUNA NATURAL EXTRACTS LTD (India), Organic Herb Inc (China), Phytovation (U.K.), Indfrag (India), Sigma-Aldrich Co. LLC (U.S.), KANTOR (India).

    Medicinal Plant Extracts Market Trends

    Major Drivers of the Market

    The Medicinal Plant Extracts Market is driving the market growth due to the changing consumer behavior and growing demand for Ayurveda & homeopathic products and herbal medicines. Another key factor fuelling the global extract market is the growing awareness regarding the medicinal plant extracts-based products and growing acceptance of the product among the people because of their health concerns.

    Nearly 58% of medicinal plant analysis publications have been observed in the last ten years that have collectively emerged from countries like India, the USA, China, and South Korea. These kinds of the initiative are thriving the growth of the Global Marketing the research period.

    Growth opportunities for the market

    The present Medicinal Plant Extracts Market Forecast reports the changing consumer preferences and tastes because identifying new herbs and spices brings lucrative opportunities for the Global Market Growth.

    The global demand for medicinal plant extracts is experiencing a notable increase, driven by a growing consumer preference for natural remedies and a rising awareness of the therapeutic benefits of herbal products.

    U.S. Department of Agriculture

    Medicinal Plant Extracts Market Drivers

    Rising Demand for Natural Remedies

    The Global Medicinal Plant Extracts Market Industry experiences a notable surge in demand for natural remedies, driven by a growing consumer preference for herbal and plant-based products. This trend is largely attributed to increasing awareness regarding the side effects of synthetic pharmaceuticals. As consumers seek safer alternatives, the market is projected to reach 14.2 USD Billion in 2024. This shift towards natural solutions is evident in various sectors, including dietary supplements and cosmetics, where plant extracts are increasingly incorporated for their therapeutic properties.

    Market Segment Insights

    Medicinal Plant Extracts Parts Insights

    The Market has been segmented into seed, shell, leaf, and others based on the part segment.

    The leaf segment is the high growth Medicinal Plant Extracts Market segment because the plant extracts are those substances derived from the tissues.

    Medicinal Plant Extracts Applications Insights

    The Medicinal Plant Extracts Market has been categorized into personal care, medicinal products, and others in the application segment.

    According to the Market Outlook report, the medicinal product segment is projected to enhance the higher market growth in the review period.

    Medicinal Plant Extracts Form Insights

    Depending upon the form segment, the Medicinal Plant Extracts Market has been classified into liquid, powder, oil, and others.

    The liquid segment is projected to expand fast because it has fast absorbability in personal care and medicinal products.

    Medicinal Plant Extracts Types Insights

    The Medicinal Plant Extracts Market has been segregated into herbal extracts, essential oils, spices, phytochemicals, and others, depending on the type of segment.

    The Market Analysis shows that the herbal extracts segment is the highest growth segment due to its natural and health benefits.

    Get more detailed insights about Medicinal Plant Extracts Market Research Report -Forecast to 2032

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    Regional Insights

    Key Companies in the Medicinal Plant Extracts Market market include

    Industry Developments

      • In March 2022, Arjuna Natural adopted the yellow inspired by turmeric, representing the potency of Arjuna Natural’s BCM-95(Curcugreen) solutions.
      • In June 2021, a new nutraceutical and herbal extracts manufacturing facility was to be opened by Manipal Group, an Indian ingredient provider focused on functional food and beverage ingredients and botanical extracts, at Dabaspet Industrial Area in the Bangalore Rural District of Karnataka.
      • In May 2018, Synergy Flavors, Inc. announced the acquisition of Janousek, one of the first herbal extracts and natural flavoring providers.

    Report Outlook

    Future Outlook

    Medicinal Plant Extracts Market Future Outlook

    The Global Medicinal Plant Extracts Market is projected to grow at a 7.36% CAGR from 2024 to 2035, driven by increasing consumer demand for natural remedies and sustainable sourcing.

    New opportunities lie in:

    • Develop innovative extraction technologies to enhance yield and purity of plant extracts.
    • Expand product lines to include personalized herbal supplements tailored to specific health needs.
    • Leverage e-commerce platforms to reach a broader consumer base and improve market penetration.

    By 2035, the market is expected to achieve substantial growth, solidifying its position as a leader in the natural health sector.

    Market Segmentation

    Report Outlook

    Medicinal Plant Extracts Form Outlook

    • Liquid
    • Powder
    • Oil
    • Others

    Medicinal Plant Extracts Parts Outlook

    • Seed
    • Shell
    • Leaf
    • Others

    Medicinal Plant Extracts Types Outlook

    • Herbal extracts
    • Essential Oils
    • Spices
    • Phytochemicals
    • Others

    Medicinal Plant Extracts Applications Outlook

    • Personal care
    • Medicinal products
    • Others

    Report Scope

    Attribute/Metric Details
     Market Size 2023   USD 13.2 Billion 
    Market Size 2024 USD 14.15 Billion 
    Market Size 2032  USD 24.97 Billion 
      CAGR   7.35%
      Base Year   2023
      Forecast Period   2024-2032
      Historical Data   2022
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Part, Application, Form, and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Plant Extracts International Inc (U.S.), ARJUNA NATURAL EXTRACTS LTD (India), Organic Herb Inc (China), Phytovation (U.K.), Indfrag (India), Sigma-Aldrich Co. LLC (U.S.), KANTOR (India)
      Key Market Opportunities   Changing consumer preferences and tastes
      Key Market Drivers   Growing demand for Ayurveda & homeopathic products and herbal medicines, Growing awareness regarding the medicinal plant extracts-based products, Growing acceptance of the product

    Market Highlights

    Author
    Kinjoll Dey
    Research Analyst Level I

    He is an extremely curious individual currently working in Healthcare and Medical Devices Domain. Kinjoll is comfortably versed in data centric research backed by healthcare educational background. He leverages extensive data mining and analytics tools such as Primary and Secondary Research, Statistical Analysis, Machine Learning, Data Modelling. His key role also involves Technical Sales Support, Client Interaction and Project management within the Healthcare team. Lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.

    Get In Touch
    Leave a Comment

    FAQs

    Which end user segment would dominate the medical plants extract market?

    Pharmaceutical and personal care industries would inspire medical plants extract market.

    Who are the key players in the global medicinal plant extracts market?

    Plant Extracts International Inc (U.S.), ARJUNA NATURAL EXTRACTS LTD (India), Organic Herb Inc (China), Phytovation (U.K.), Indfrag (India), Sigma-Aldrich Co. LLC (U.S.), KANTOR (India) are the major companies operating in the global medicinal plant extracts market.

    Which part would lead the medical plants extract market?

    The leaf segment would lead medical plants extract market.

    Which form would influence the medical plants extract market the most?

    The liquid segment has the upper hand in medical plants extract market.

    Which region would dominate the medical plants extract market?

    The APAC region would lead medical plants extract market.

    1. '1. Executive Summary
    2. Market Introduction
      1. Definition
      2. Scope of the study
        1. Research Objectives
        2. Assumptions
        3. Limitations
      3. Markets Structure
      4. Stakeholders
    3. Impact of COVID-19
    4. on the market
    5. Impact on product availability
      1. Impact on supply chain
      2. Impact on store-based vs online sales
      3. Impact on pricing
      4. Impact on consumer
    6. buying behaviour
    7. Short-term & long-term impact on market growth
    8. Research Methodology
      1. Research application
      2. Secondary Research
      3. Primary Research
      4. Forecast Model
      5. Market Size Estimation
    9. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    10. Market Trends
      1. Trends in Supply/Certifications
      2. Trends in Demand/Consumption
      3. Emerging Markets
    11. (Supply & Demand)
    12. Emerging Brands
    13. Trade (Import-export) Analysis
      1. Innovations in Certifications/application
      2. Macroeconomic indicators Analysis for top 5 Producing
    14. countries
    15. Market Factor Analysis
    16. Introduction
    17. Value Chain Analysis
    18. Porter’s Five Forces
      1. Supply Chain Analysis
    19. Market by Type
      1. Introduction
      2. Market size (sub segments)
        1. Spices
        2. Essential Oils
        3. Phytochemicals
        4. Herbal Extracts
        5. Others
    20. Market by Part
      1. Introduction
      2. Market size (sub
    21. segments)
    22. Leaf
    23. Seed
    24. Shell
    25. Others
    26. Market by Application
    27. Introduction
    28. Market size (sub segments)
      1. Medicinal Products
        1. Personal Care
        2. Others
    29. Market by Form
      1. Introduction
      2. Market size (sub segments)
        1. Powder
        2. Liquid
        3. Oil
        4. Others
    30. Market by Region
      1. Introduction
        1. North America
      2. Europe
        1. Introduction
      3. Asia Pacific
        1. Introduction
    31. Pacific
    32. RoW
    33. Introduction
    34. Brazil
    35. Argentina
    36. Egypt
    37. South Africa
    38. Others
    39. Competitive landscape
    40. Introduction
    41. Certifications Launch/Development
      1. Partnerships and collaborations
      2. Acquisitions
      3. Business Expansion
    42. Company Profiles
      1. Organic Herb Inc (China)
      2. Plant Extracts International Inc (U.S.)
      3. ARJUNA NATURAL EXTRACTS
    43. LTD (India)
    44. Phytovation (U.K.)
    45. Sigma-Aldrich Co. LLC (U.S.)
      1. Indfrag (India)
      2. KANCOR (India)
    46. JAPAN
    47. PESTLE ANALYSIS- GERMANY
    48. PLANT EXTRACTS MARKET, BY TYPE, (2022–2030), USD MILLION
    49. EXTRACTS MARKET, BY PART, (2022–2030), USD MILLION
    50. APPLICATION, (2022–2030), USD MILLION
    51. BY FORM, (2022–2030), USD MILLION
    52. RATE (2022–2030) USD MILLION
    53. PLANT EXTRACTS MARKET TOP COMPANIES-USD MILLION
    54. MARKET, BY TYPE, (2022–2030) USD MILLION
    55. MARKET, BY PART, (2022–2030) USD MILLION
    56. MARKET, BY APPLICATION, (2022–2030), USD MILLION
    57. MARKET, BY FORM, (2022–2030), USD MILLION
    58. BY TYPE, (2022–2030) USD MILLION
    59. (2022–2030) USD MILLION
    60. (2022–2030), USD MILLION
    61. USD MILLION
    62. APAC MEDICINAL PLANT EXTRACTS MARKET, BY TYPE, (2022–2030) USD MILLION
    63. PLANT EXTRACTS MARKET, BY PART, (2022–2030) USD MILLION
    64. EXTRACTS MARKET, BY APPLICATION, (2022–2030), USD MILLION
    65. EXTRACTS MARKET, BY FORM, (2022–2030), USD MILLION
    66. MARKET, BY TYPE, (2022–2030) USD MILLION
    67. MARKET, BY PART (2022–2030) USD MILLION
    68. MARKET, BY APPLICATION, (2022–2030), USD MILLION
    69. MARKET, BY FORM, (2022–2030), USD MILLION
    70. DURING THE YEAR 2030
    71. ANALYSIS APPROACH
    72. TREND IN MEDICINAL PLANT EXTRACTS IMPORTS 2022-30
    73. IMPORTS 2022-30
    74. MEDICINAL PLANT EXTRACTS IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2022 VS 2030)
    75. PLANT EXTRACTS EXPORTS 2022-30
    76. EXTRACTS EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2022 VS 2030)
    77. MEDICINAL PLANT EXTRACTS
    78. BY TYPE
    79. MEDICINAL PLANT EXTRACTS MARKET TRENDS BY PART
    80. BY APPLICATION
    81. MEDICINAL PLANT EXTRACTS MARKET TRENDS BY FORM

    Medicinal Plant Extracts Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Medicinal Plant Extracts Market Research Report -Forecast to 2032 Infographic
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