Owing to high nutritional value, fermented plant extracts market is gaining traction in the agricultural sector globally. In Asian countries, fermented plant extracts are used as fertilizers and pesticides since long. They assist in providing nutritional and microbial benefits to the soil and plants which leads to increased productivity. They are organic in nature for which they are gaining traction across the globe in recent times. They act as pesticides and fungicides for the plants when used as a spray due to which the demand for the product is propelling in the market. Emerging economies of Asia, Africa, and Latin America are experiencing upsurge in the growth of fermented plant extract market as it is a cost effective and an easy way to provide nutrition to plants. Also, weeds can be fermented and used as foliar spray.
Furthermore, owing to rise in awareness of sustainable agricultural farming practices, the demand for the product is likely to grow at an incremental rate during the review period. In addition, fermented plant extracts also have a wider range of application in dietary supplements as well as their demand is growing in healthcare and personal care industries which is consequently driving the growth of the market.
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Latest Industry Updates:
Nov 2017 Seawin Biotech launched project to produce 100,000 tons seaweed-based bio-organic fertilizer
Oct 2017 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.
Major Key Players Analysis:
The major key players are observed to invest heavily in research and development and to launch novel products. Growing demands for organic products including fermented plant extracts is encouraging the key players to invest in the market. Also, rising awareness for sustainable environment in developed economies of North America and Europe is creating an opportunistic market for the players. Companies are also focusing on acquisitions and mergers for undergoing new product developments and increasing their geographical presence.
The key players profiles in Fermented Plant Extracts Market Report are ID bio (France), Xi’an Hao-Xuan Bio-Tech Co., Ltd (China), Phytoneering Extract Solutions GmbH (Germany), 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.
The global Fermented Plant Extracts market has been divided into product, form, application, and region.
On The Basis Of Product: Soybean, Seaweed, Nettles, Comfrey, Garlic, Carrot, Dandelion, and Others
On The Basis Of Form: Liquid, Powder and others
On The Basis Of Application: Foods and Beverages, Fertilizers, Pharmaceuticals, Animal Feed and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Based on region, the Global Fermented Plant Extract Market is segmented into Europe, North America, and Asia Pacific along with rest of the world (RoW). Asia Pacific region is projected to dominate the market followed by North America. In Asia Pacific region, China and India are major fermented plant extract producers. China dominates the market in this region based on large production of fermented plant extract made from soybean in China. Escalating demand of seaweed fermented extract from developed countries like U.K., Germany and Italy is prompting the market growth in the European region. U.S., Mexico and Canada are the major fermented plant extract producers in the North-American region.
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Table of Content:
1. Executive Summary
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objectives
2.3 Markets Structure
3. Research Methodology
3.1 Research Methods
3.1.1 Primary Research
3.1.2 Secondary Research
3.2 Forecast Model
3.3 Market Size Estimation
4. Market Dynamics
4.1.1 Value Chain Analysis
4.1.2 Porter’s Five Forces
4.1.3 Supply Chain Analysis
4.1.4 Macroeconomic Indicators Analysis For Top 5 Producing Countries
5. Market Trends
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