European Plant Extracts Market - Forecast(2021 - 2026)
The European plant extract market is estimated to grow at an approximate CAGR of 8% during the forecast period 2018-2023. European phytochemicals & plant extracts market is dominated by Germany, followed by France and Italy. There is a growing demand for plant extracts for personal care products as the consumers are preferring natural ingredients. The growing awareness among the consumers regarding the health benefits and efficacy of naturally derived products is raising the market demand. What is a Plant Extract? A plant extract is a substance or an active with desirable properties that is obtained from the plant tissue by treating it with a solvent, to be used for a particular purpose. Most commonly used solvents are Water, Ethanol, Ethyl acetate, CO2, Methanol, Aceton, Acetic acid and Hexane. Extracts may be used in various foodstuffs such as antioxidants, preservatives, etc. Plant extracts are used as processing aids and additives in pharmaceutical industry for therapeutic p...