Fermented Plant Extracts Market Overview
Fermented plant extracts market is expected to gain impetus, globally owing to non-toxicity feature and nutritional benefits associated with them. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Fermented Plant Extracts Market Research Report- Forecast to 2030 that the market will demonstrate significant CAGR % while achieving million dollar growth in the forecast period.
Use of fermented plant extracts as a fertilizer and pesticides is an age old practice in Asian countries. They are organic in nature and provide various nutritional and microbial benefits to the soil and plants which helps the plants to grow stronger, thereby enhancing plant productivity. When specific fermented plant extracts are used as a spray, it acts as a pesticide and fungicides for the plants. These features of fermented plant extracts is propelling the demand for the product, especially in emerging economies of Asia, Africa, and Latin America. It is a cost effective and easy way to provide nutrition to plants. Even weeds, which otherwise are considered as waste, can be fermented and used as foliar spray and insect repellent as specific varieties of weeds have properties.
Furthermore, with the rising awareness of sustainable agricultural farming practices, the demand for the product is expected to grow at an incremental rate during the forecast period. In addition, fermented plant extracts have wider range of application as they are used as dietary supplements as well as their demand is growing in healthcare and personal care industries, consequently driving the growth of the market.
𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 : https://www.marketresearchfuture.com/sample_request/3568
Latest Industry Updates
Nov 2021 Seawin Biotech launched project to produce 100,000t seaweed based bio-organic fertilizer
Oct 2021 Draco Natural Products, Inc., announced the formation of a strategic partnership with Givaudan for the development of a new proprietary line of bioactive botanical ingredients. Draco specializes in the manufacture of full spectrum standardized extract ingredients made from herbs, fruits, vegetables and mushrooms. Its innovative ingredients are used in products such as dietary supplements, functional foods and beverages, and skin and hair care.
Competitive Analysis
The major key players are investing heavily in research and development and launching novel products to capitalize on the growing demands for organic products including fermented plant extracts. For instance, recently Seawin Biotech launched project to produce seaweed based bio-organic fertilizer. As the product is cost effective, the demand for the product is growing manifold in emerging economies of Asia, Africa and Latin America which further opens up expansion opportunity for fermented plant extract manufacturers. Also, rising consciousness for sustainable environment, developed economies of North America and Europe are showing inclination towards fermented plant extracts products. There are many small scale players competing in the market, specifically in Asia-Pacific region, providing opportunity for acquisition and mergers which will help in strengthening the market position as well as product portfolio.
The key players profiled in Fermented Plant Extracts are ID bio (France), Phytoneering Extract Solutions GmbH (Germany), Xi’an Hao-Xuan Bio-Tech Co., Ltd (China), Xian Sost Biological Science & Technology Co., Ltd (China), Ecuadorian Rainforest, Llc (U.S.), Honson Pharmatech Group Ltd (Canada) and Chengdu PRF Medication Research Co., Ltd (China), and Draco Natural Products (U.S.) among many others.
Market Segments
The global Fermented Plant Extracts market has been divided into product, form, application, and region.
On The Basis Of Product: Soybean, Comfrey, Garlic, Seaweed, Nettles, Carrot, Dandelion, and others
On The Basis Of Form: Liquid, Powder, and others
On The Basis Of Application: Food and Beverages, Pharmaceuticals, Fertilizers, Animal Feed, and others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Fermented Plant Extracts Market –
Regional Analysis
The Global Fermented Plant Extract market is segmented into North America, Europe, and Asia Pacific along with rest of the world (RoW). Asia Pacific region is estimated to dominate the market followed by North America, China and India are major fermented plant extract producers in the Asia Pacific region. China dominates the market in this region due to large production of fermented plant extract made from soybean in China. Increasing demand of seaweed fermented extract from developed countries like U.K., Germany and Italy is influencing the market growth in the Europe region. U.S., Mexico and Canada are major fermented plant extract producers in the North-American region. Strong potential of crop production and rising application of fermented plant extract will boost market growth in the North America region.
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