by Perilla extract is an extract from Perilla frutescens leaves and seeds that are rich in alpha-linolenic acid, rosmarinic acid, and volatile oils. Perilla extract offers various health benefits such as anti-allergic, antioxidant, anti-inflammatory and anticancer properties. It helps in improving brain function, reducing cholesterol levels, boosting immunity and managing diabetes. The growing awareness about these health advantages of perilla extract among consumers is driving its demand. The Global Perilla Extract Market is estimated to be valued at US$ 1.33 Bn in 2024 and is expected to exhibit a 15.% CAGR over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Global Perilla Extract Market Demand are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel, Qualcomm. Key players are focusing on product launches and partnerships to strengthen their market presence. Growing health consciousness is creating demand for herbal medicinal and food supplements using perilla extract providing growth opportunities to market players. Major players are expanding their business globally especially in Asia Pacific and North America owing to increasing consumption of herbal extracts in these regions.
Market drivers
The major market driver for perilla extract is rising applications in nutraceuticals and pharmaceutical sector. Perilla extract finds wide usage in manufacturing dietary supplements, capsules and tablets due to its antioxidant and anti-inflammatory properties. Increasing demand for herbal medicinal products for treatment of chronic diseases like cancer and diabetes is propelling the perilla extract market growth.
PEST Analysis
Political: Regulations on the use of natural ingredients in food and supplements. Government initiatives to support natural food products.
Economic: Demand for natural products from health-conscious consumers is driving market growth. The growing cosmetics industry also impacts demand trends.
Social: Increasing preference for herbal and Ayurvedic remedies promotes perilla extract usage. Growing health awareness influences consumption patterns.
Technological: Innovations in extraction methods aid production efficiency. Advanced analytical techniques support quality testing and new product development.
Geographical Regions of Concentration
The Asia Pacific region accounts for the largest share of the global perilla extract market in terms of value. Countries like China, Japan, and South Korea have a long tradition of using perilla plants in cooking and medicine. Growing health awareness is further propelling demand growth across Asia Pacific nations.
Fastest Growing Region
Europe is expected to witness the fastest growth in the perilla extract market during the forecast period. This can be attributed to rising preference for natural ingredients in food products and cosmetics among European consumers. Manufacturers are introducing new perilla extract based formulations to cater to health-conscious demographics in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
