Fermented Plant Extract Market | Global Industry Analysis, Size, Share, Growth, Key Vendors, Drivers and Trend by Forecast to 2023

Market Overview:

Global Fermented Plant Extract Market is projected to grow at a CAGR of 5.5%. The growing consumption of natural health products is playing a key role to create demand for food products made from fermented plant extract since the last few years. The advancement in research and development has a major impact on the growth of fermented plant extract market. Increasing demand of natural health products and rising awareness among the consumers about health benefits of fermented plant extract is supporting the market growth. The growing demand of natural fertilizer is playing the key role to create demand for fermented plant extract in developed countries like U.S., U.K. and Germany. The developing economic conditions of various regions are fueling up the market demand for fermented plant extract products.

For quite a long time plant extracts have been utilized as solutions for a wide range of infirmities. Key players would search out certain plant materials that were known for their useful properties to get the desired advantages. Some manufactures are using fermented plant extracts of garlic to create health products especially to prevent any illness caused by insects or bugs. Seaweed fermented plant extract is useful to make fertilizer as it contains vitamins, enzymes and minerals which are essential for plant growth. Rising application of fermented plant extract in animal feed will play a major role for growth of the market in upcoming years.

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Major Key Players:

This report includes a study of strategies such as mergers and acquisitions, product launches by the major Fermented Plant Extract market players. It further includes product portfolios, developments of leading major players which includes

• 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)
• Chengdu PRF Medication Research Co., Ltd (China)

Regional Analysis:

Fermented Plant Extract Market is spread across 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 Asia Pacific region due to large production of soybean fermented plant extract in China. Increasing demand of seaweed fermented extract from developed countries like U.K., Germany and Italy is influencing the market growth in Europe region. U.S., Mexico and Canada are major fermented plant extract producer in the North-American region. Strong potential of crop production and rising application of fermented plant extract will boost market growth in North America region.

Key Findings:

• Liquid form of fermented plant extract is projected to grow at a higher rate compare to other forms of fermented plant extract
• Fermented plant extract application as a fertilizer will witness higher growth during the forecast period

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Segments:

• Fermented Plant Extract product has been segmented on the basis of product which include soybean, comfrey, garlic, seaweed, nettles, carrot, dandelion, and others. Fermented plant extract made from seaweed and comfrey will witness significant growth during the forecast period.
• Fermented Plant Extract product has been segmented on the basis of form which comprises of liquid, powder and others. Liquid form of fermented plant extract holds the major market share due to increasing demand of fertilizers.
• Fermented Plant Extract product has been segmented on the basis of application which comprises food and beverages, pharmaceuticals, fertilizers, animal feed and others. Fermented plant extract application as fertilizer will witness the growth rate during the forecast period.