Plant extract market will reach $59.4 billion in 2025

Recently, some investors asked Chenguang Bio: What is the scale of the plant extraction industry, and what is the downstream demand?

In this regard, Chenguang Bio said that according to MarketsandMarkets analysis, the plant extract market is estimated to be worth 23.7 billion US dollars in 2019 and is expected to reach 59.4 billion US dollars by 2025, with a compound annual growth rate of 16.5% from 2019 to 2025.

The company pointed out that the plant extraction industry is characterized by many categories, and the market size of each individual product will not be particularly large. The relatively large market size of individual products such as red pepper, lycopene, and stevioside is about 1 billion to 2 billion. yuan. CBD, which has a relatively high market attention, is expected to be in the hundreds of billions level, but it is still in its infancy.

Plant extracts are pure natural ingredients that achieve coloring, flavor, or nutritional effects, and are in line with consumers' pursuit of natural and healthy products. They are mainly used in feed additives, food additives, health products, pharmaceuticals, cosmetics, and other industries. The annual growth rate is about 10-15%.