Macleaya Cordata Extract Market Size, Share, Growth, And Industry Analysis, By Type (35% - 60% of Total Alkaloids (Excluding 60%), 60% - 80% of Total Alkaloids, Others), By Application (Medical, Veterinary Medicine, Biological Pesticide, Feed Additive, Others) and Regional Forecast To 2031

Updated On: 29 April 2024

Macleaya Cordata Extract Market Report Overview

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global macleaya cordata extract market size was USD 34 million in 2022 and market is projected to touch USD 113.78 Million By 2031, exhibiting a CAGR of 14.4% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the macleaya cordata extract market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A species of blooming plant belonging to the papaveraceae poppy family is called the Macleaya Cordata. Due to its adaptability and use in several sectors, Macleaya Cordata extract has been attracting a lot of interest in the market. You will know that this extract is produced from the macleaya cordata plant and includes alkaloids that provide a variety of advantages as a consultant or industry expert. The extract is largely utilized in the pharmaceutical sector as an anti-inflammatory and painkiller. Customers may get macleaya cordata extract in two different forms: powder and liquid (oil). While the liquid (oil) form is mostly employed in cosmetic applications, the powder form is often used for food and medicinal uses. The liquid version is more costly whereas the powder form is simpler to use and store. The culinary, pharmaceutical, and cosmetic sectors all employ macleaya cordata extract because it is so adaptable and popular. it is employed as a food coloring additive in the food business and as an analgesic and anti-inflammatory in the pharmaceutical industry. It is utilized in the cosmetics industry for its moisturizing and anti-aging properties.

Plant extracts are compounds or active ingredients with desirable qualities that have been prepared from plant tissue for a particular use. It is employed in many different industries, including cosmetics, processing aids, chemical alternatives, medicinal medications, and health foods. Lifestyle modifications, increased consumer awareness, the usage of goods with natural components, and advancements in biotechnology all contribute to the market's growth. In addition, macroeconomic factors such increased consumer disposable income, R&D, imports and exports, expansion of the agriculture sector, population ageing, and population growth have recently had a beneficial influence on the demand for plant extracts.

COVID-19 Impact: Covid-19 outbreak slowed manufacturing and the supply chain, which greatly impeded future growth

The macleaya cordata extract market is anticipated to be significantly impacted by pandemic. The supply chain may be disrupted as a result of the unstable political and economic climate, which might also have an impact on the cost of the raw materials needed to produce macleaya cordata extract. These elements might affect the demand for the goods, together with the worldwide epidemic.

Latest Trends

"Rising usage of herbs propel the market growth"

Consumers of macleaya cordata seeds are defining value more broadly than just price, and they are giving personal convictions a bigger say in what they buy. Maintaining growth during the projection period will depend on operations being strengthened in response to short- and long-term trends. Strong growth potential is presented by the industry's changing dynamics for businesses entering the sector.

The market for herbal extracts is expected to rise as a result of the rising usage of herbs and spices to disguise unpleasant qualities, particularly in meat products. For instance, in place of sodium erythorbate in lamb burgers, rosemary and oregano might be used as natural substitutes. To improve their position in the worldwide market for plant extracts, businesses in the relevant industry are concentrating their investments in R&D. For instance, the top flavour and fragrance business in the world, Givaudan, opened a new Flavours technical and commercial centre in Morocco in June 2019.

Macleaya Cordata Extract Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into 35% - 60% of Total Alkaloids (Excluding 60%), 60% - 80% of Total Alkaloids, Others. 35% - 60% of Total Alkaloids (Excluding 60%) is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into medical, veterinary medicine, biological pesticide, feed additive, others. Medical will be the dominating segment.

Driving Factors

"Rising demand from the pharmaceutical propel the market growth"

The demand from the pharmaceutical, cosmetic, and food and beverage sectors has led to a steady increase in the market for Macleaya Cordata extract in recent years. The extract has uses in a number of functional meals, cosmetic items, and health supplements. In the upcoming years, demand for Macleaya Cordata Extract is anticipated to increase dramatically as consumers' knowledge of natural and organic components grows.

The main trend gaining traction in the plant extract industry has been the expansion of technology. Companies in the plant extract industry are concentrating on creating new technical advancements to strengthen their position. For instance, in June 2021, Firmenich, a fragrance and flavor firm located in Switzerland, introduced the Fir good components utilizing ground-breaking and environmentally friendly patented extraction technique. The Firgood technique is low energy and solvent-free. The odorant components in the water are utilized in the extraction process after it has been warmed up by electromagnetic vibration. This produces the final pure extract.

"Increasing use of botanical extract in the food and beverage sectors"

The market will develop as consumer knowledge of the health advantages of botanical extracts that might strengthen immunity, which is considerably more important in COVID-19, increases. Due to customer desire for food and drinks with natural flavors, the use of botanical extract is expected to increase, which would likely lead to market expansion. The plant extract is added to foods and beverages to replace synthetic components since it provides natural sugars, vitamins, and minerals. Consequently, market expansion is anticipated to be fueled by the rising demand for botanical extract in the food and beverage industry.

Restraining Factors

"Cost differentials between natural and synthetic additives and adulteration may hamper the market"

The prevalence of contaminated extracts is one of the biggest problems the plant extracts business is now facing. These tampered-with goods deceive consumers by lacking the true qualities of pure extracts. The majority of the compounds that are generally present in mineral oil and petroleum jelly, both by-products of the petroleum industry, are contained in synthetic oils, according to the National Academy of Science, USA. For synthetic perfumes to disperse and disseminate throughout the air, fragrance producers must add a number of hazardous compounds. Apart from other recognized poisons that might have a negative impact on health, the most prevalent additive compounds are aldehydes and benzene derivatives. The primary cause of essential oil adulteration is their high cost. For instance, a litre of premium, pure rose essential oil can cost over USD 78,000, whereas a product that has been tampered with will cost between USD 200 and 300. The rate of adulteration is notably high because some of the extracts are only very hardly available. In addition, when customers choose genuine essential oils over synthetic substitutes, the cost of essential oils rises, mostly because of high manufacturing expenses.

Macleaya Cordata Extract Market Regional Insights

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"North America will be the dominating region during forecast period"

Due to the rising demand for natural and plant-based products in the pharmaceutical and cosmetic sectors, regions of North America, Europe, and APAC are likely to witness considerable expansion in the Macleaya Cordata extract market. Given that they have developed pharmaceutical and cosmetic sectors and that there is a significant market for natural and organic goods in these regions, North America and Europe are anticipated to have the largest market share. Due to rising disposable incomes, increased health and wellness awareness, and increased demand for herbal and natural goods in developing nations like China and India, APAC is anticipated to see the fastest growth rate. According to recent estimates, North America now has a 35% market share, followed by Europe at 30%, APAC at 25%, and the United States and China at 5%.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• VTR Bio-Tech (China)
• JL Extract (U.S.)
• Changsha Comext Biotech Co., Ltd. (China)
• Rainbow Biotch (India)
• Huakang Biotech (China)
• Hunan Hanqing Biological (China)
• Nanjing NutriHerb BioTech Co., Ltd. (China)
• Nanjing BCYK Biotechnology (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.