| Product Code: ETC4657704 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Hong Kong continued to see a high concentration of plant extracts imports from top exporting countries including China, UK, USA, Switzerland, and Japan. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained strong at 18.16%. This indicates a sustained interest and demand for plant extracts in the Hong Kong market, with key suppliers maintaining their positions as leading exporters to the region.
The plant extracts market in Hong Kong is expanding due to the rising demand for natural ingredients in food, beverages, and cosmetics. Plant extracts are valued for their health benefits and functional properties, contributing to their increasing use in various formulations.
The plant extracts market in Hong Kong is expanding due to the rising demand for natural ingredients in the food, cosmetics, and pharmaceutical industries. Consumers are increasingly seeking products that are free from synthetic additives, driving the demand for plant-based extracts. The growing trend of herbal supplements and natural remedies is also contributing to the market`s growth.
The plant extracts market in Hong Kong encounters challenges such as high production costs, limited availability of raw materials, and competition from synthetic alternatives. Additionally, stringent regulatory standards and maintaining product purity add further operational hurdles.
Hong Kong plant extracts market is influenced by government policies promoting natural health products and sustainable agriculture. The government supports the use of plant-based ingredients in pharmaceuticals, cosmetics, and food products, ensuring that plant extracts comply with safety and quality regulations. Environmental initiatives also encourage sustainable sourcing of raw materials, driving demand for ethically produced plant extracts.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Plant Extracts Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Plant Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Plant Extracts Market - Industry Life Cycle |
3.4 Hong Kong Plant Extracts Market - Porter's Five Forces |
3.5 Hong Kong Plant Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Hong Kong Plant Extracts Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Hong Kong Plant Extracts Market Revenues & Volume Share, By Source Types, 2021 & 2031F |
4 Hong Kong Plant Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of plant extracts for health and wellness |
4.2.2 Growing demand for natural and organic products in the beauty and personal care industry |
4.2.3 Rising interest in traditional Chinese medicine and herbal remedies |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements for sourcing and processing plant extracts |
4.3.2 Limited availability of rare or endangered plant species for extraction |
4.3.3 Fluctuations in raw material prices and supply chain disruptions |
5 Hong Kong Plant Extracts Market Trends |
6 Hong Kong Plant Extracts Market Segmentations |
6.1 Hong Kong Plant Extracts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Plant Extracts Market Revenues & Volume, By Spices, 2021-2031F |
6.1.3 Hong Kong Plant Extracts Market Revenues & Volume, By Essential oils, 2021-2031F |
6.1.4 Hong Kong Plant Extracts Market Revenues & Volume, By Flavors & fragrances, 2021-2031F |
6.1.5 Hong Kong Plant Extracts Market Revenues & Volume, By Phytomedicines & herbal extracts, 2021-2031F |
6.2 Hong Kong Plant Extracts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Plant Extracts Market Revenues & Volume, By Pharmaceuticals & dietary supplements, 2021-2031F |
6.2.3 Hong Kong Plant Extracts Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 Hong Kong Plant Extracts Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Hong Kong Plant Extracts Market Revenues & Volume, By Others? , 2021-2031F |
6.3 Hong Kong Plant Extracts Market, By Source Types |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Plant Extracts Market Revenues & Volume, By Leaves, 2021-2031F |
6.3.3 Hong Kong Plant Extracts Market Revenues & Volume, By Fruits, Flowers, and Bulbs, 2021-2031F |
6.3.4 Hong Kong Plant Extracts Market Revenues & Volume, By Rhizomes & roots? ? , 2021-2031F |
6.3.5 Hong Kong Plant Extracts Market Revenues & Volume, By Barks & stems, 2021-2031F |
6.3.6 Hong Kong Plant Extracts Market Revenues & Volume, By Others? , 2021-2031F |
7 Hong Kong Plant Extracts Market Import-Export Trade Statistics |
7.1 Hong Kong Plant Extracts Market Export to Major Countries |
7.2 Hong Kong Plant Extracts Market Imports from Major Countries |
8 Hong Kong Plant Extracts Market Key Performance Indicators |
8.1 Percentage increase in demand for plant extract-based products in the health and wellness sector |
8.2 Number of new product launches featuring plant extracts in the beauty and personal care market |
8.3 Growth in the number of traditional Chinese medicine clinics offering plant extract-based treatments |
9 Hong Kong Plant Extracts Market - Opportunity Assessment |
9.1 Hong Kong Plant Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Hong Kong Plant Extracts Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Hong Kong Plant Extracts Market Opportunity Assessment, By Source Types, 2021 & 2031F |
10 Hong Kong Plant Extracts Market - Competitive Landscape |
10.1 Hong Kong Plant Extracts Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Plant Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |