What is Pharmaceutical Plant Extracts Market?
Pharmaceutical plant extracts are obtained by removing active constituents with a suitable solvent, which is evaporated away, and adjusting the residue to a prescribed standard. It involves the separation of medicinally active portions of plant tissues from inactive or inert components by using selective solvents in standard extraction procedures.
Highlights from Pharmaceutical Plant Extracts Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Indena S.p.A. (Italy), Naturex (France), Ipsen (France), EUROMED S.A. (Spain), Sabinsa Corporation (United States), TSUMURA & CO. (Japan), Zhejiang CONBA Group Co., Ltd. (China), Shaanxi Jiahe Phytochem Co., Ltd. (China), Lingonberry Group (USA) Inc. (United States) and Guilin Layn Natural Ingredients Corp. (China) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Pharmaceutical Plant Extracts market throughout the forecasted period.
Indena S.p.A. (Italy), Naturex (France), Ipsen (France), EUROMED S.A. (Spain), Sabinsa Corporation (United States), TSUMURA & CO. (Japan), Zhejiang CONBA Group Co., Ltd. (China), Shaanxi Jiahe Phytochem Co., Ltd. (China), Lingonberry Group (USA) Inc. (United States) and Guilin Layn Natural Ingredients Corp. (China) are some of the key players profiled in the study. Pharmaceutical Plant Extracts Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Ayurveda, Traditional Chinese Medicine, Western Herbalism, Homeopathy and Other |
Type | Non-standardized Extracts and Standardized Extracts |
Solvents | Ethanol,Methanol,Acetone,Ethyl Acetate |
Form | Capsule,Tablet,Powder,Soft Gel,Liquid |
On the basis of geography, the market of Pharmaceutical Plant Extracts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Extraction Process in Plant Extract
Market Growth Drivers:
High demand from pharmaceutical companies for new drug development and Increasing demand for plant-based medicines
Challenges:
Standardization and quality control challenges
Restraints:
Fluctuations in the raw material prices restraining the market
Opportunities:
Increasing demand for natural and plant-based medicines and Market expansion in emerging economies such as India, China, Brazil, and South Africa, offer significant growth potential for the pharmaceutical plant extracts market
Key Target Audience
Pharmaceutical Plant Extracts Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Bodies & Associations and End-user
Market Leaders & Development Strategies
In April 2019, Ipsen and Clementia Pharmaceuticals announced the closing of Ipsen’s acquisition of Clementia following approval of the arrangement by Clementia shareholders and the Quebec Superior Court.
In October 2012, Indena launched its Enovita® Organic in collaboration with Alvinesa
The EMA is responsible for regulating human medicine regulations in the European Union. It evaluates and authorizes medicines for use throughout all of the European Union's member states, including plant extracts. The effectiveness, safety, and quality of pharmaceutical goods are evaluated scientifically by the EMA.