The global Perilla Extract Market is estimated to be valued at US$ 1.15 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Perilla extract is obtained from perilla plants and is rich in various antioxidants such as rosmarinic acid, luteolin, and chlorogenic acid. It has anti-inflammatory, anticancer, and neuroprotective properties. Perilla extract finds application in dietary supplements, functional foods, and nutraceuticals owing to its diverse health benefits.
Market key trends:
One of the key trends in the perilla extract market is the growing demand for natural antioxidants. Perilla extract is rich in various natural antioxidants such as rosmarinic acid and luteolin which help neutralize free radicals and protect cells from oxidative stress. The increasing health consciousness among consumers has boosted the demand for natural antioxidants. This is expected to fuel the growth of the perilla extract market over the forecast period.
Segment Analysis
The global perilla extract market is segmented into perilla frutescens and perilla frutescens var.crispa. Among these, the perilla frutescens segment dominates the market and accounted for around 70% share in 2023 due to its abundance in compounds such as alpha-linolenic acid, rosmarinic acid and luteolin that offer various health benefits.
Key Takeaways:
The Global Perilla Extract Market Demand is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing demand for herbal supplements and natural ingredients in food and pharmaceutical industries. The market size was valued at US$ 1.15 Bn in 2023.
Regional analysis: North America accounted for the largest share in the global perilla extract market in 2023 due to growing awareness about health benefits of perilla extracts among consumers. Asia Pacific is expected to witness the fastest growth during the forecast period owing to expanding food processing industries and rise in herbal medicinal use in countries such as China, India, and Japan.
Key players: Key players operating in the perilla extract market are Shaanxi Undersun Biomedtech Co., Ltd., Tocris Bioscience (Bio-Techne Corporation), BioOrigin, Nature’s Sunshine Products, Inc., Organic Herb Inc., Damin Foodstuff (Zhangzhou) Co., Ltd., Nutra Green Biotechnology Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., Guangxi Yiyuan Biotechnology Co., Ltd., Changsha Heking Bio-Tech Co., Ltd., Hangzhou Botanical Technology Co., Ltd., Novoherb Technologies, Jiangsu Changhai Food Additive Co., Ltd., Xian Sost Biological Science & Technology Co., Ltd., Xi’an Plant Bio-Engineering Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it