Market Highlights:
Herbal extract is essential crude mixtures extracted from various parts of the plant, generally ethanol or water is used for various extraction methods. Herbal extracts are the constituents extracted from the plants which are extensively used for various application in industries such as food, beverages, pharmaceutical, cosmetic & personal care and others.

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Major Key Players:
• Plant Extracts International Inc. (Hopkins)
• MB-Holding GmbH & Co.KG (Germany Lehmann & Voss & Co. (Germany)
• Kalsec Inc. (US)
• Ingredia Nutritional (France)
• BerryPharma AG (Italy)
• FT Technologies (UK)

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Market Forecast:
Pharmaceutical industry especially herbal medicine is gaining acceptance in developed economies that in turn accelerates the sales of herbal extract during the forecast period. Apart from that, various homeopathy products are also made using the herbal extract which is estimated to further propel the growth of herbal extract market. In addition, increasing health cognizant consumers along with the rising usage of plant extract dietary supplement is also anticipated to fuel the growth of global herbal extract market during the forecast period.

Moreover, rising demand of anti-aging skin care products is one of to the key factor for the rising growth of global herbal extract market, as consumers prefer skin care products that contains natural ingredients over chemically loaded products. These factors will play a key role in the growth of Herbal Extract market at the CAGR of 14.5% during 2016-2022.

Downstream Analysis:
Stevia is projected to account maximum market proportion of the total herbal extract market in the year of 2016. Stevia is used widely as a sugar substitute which is anticipated to enhance the usage in various food & beverage applications. Moreover, rising debates patient is also considered to be one of the significant reason of adopting stevia as a product type by the end users.

However, aloe vera segment is projected to register highest CAGR during the forecast period owing to the massive usage of the product in cosmetic & personal care products. Additionally, powder segment is also projected to dominate overall market of the herbal extract market during the forecasted period. In case of application, food segment is estimated to account maximum market proportion.

Regional Analysis:
The Global Herbal Extract Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region is expected to account major market share in the global herbal extract market both in terms of value and volume. This is attributed by the rising acceptance of herbal products by the US consumer as well as the mounting usage of herbal products in various industries. Also, the awareness regarding health benefits of herbal products is also projected to stimulate the growth of North America market during the forecast period. Europe is also anticipated to witness decent growth over the forecast period due to the early adopter of new products and technology.

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Market Segmentation:
Global Herbal Extract Market is segmented by product type, form, source, application and region

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