Product Code: ETC009950 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Plant Extracts Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 13.44% in 2028, following an initial rate of 11.37%, before easing to 13.39% at the end of the period.
The Plant Extracts market in Vietnam is projected to grow at a high growth rate of 12.86% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Vietnam plant extracts market involves the production, distribution, and utilization of extracts derived from various plants, herbs, and botanicals. Plant extracts are used in various industries, including pharmaceuticals, cosmetics, food and beverages, and nutraceuticals. These extracts are valued for their beneficial properties and are used for medicinal, nutritional, and cosmetic purposes.
The increasing preference for natural and organic products in various industries, including cosmetics and healthcare, drives the demand for plant extracts. The rising awareness of health and wellness, and the demand for herbal and traditional remedies, contribute to the growth of the plant extracts market. Plant extracts are used in the production of nutraceuticals and dietary supplements, driving demand from the supplement industry. Plant extracts are increasingly used in skincare and cosmetic products due to their perceived beneficial effects on the skin and hair.
Ensuring the quality and standardization of plant extracts can be a challenge due to variations in plant sources, extraction methods, and regional differences. Sustainable sourcing of plant materials and responsible extraction practices are crucial to prevent overexploitation and environmental impacts. Compliance with regulations and quality standards in the manufacturing and distribution of plant extracts is essential for market growth.
Saigon Botanical Corporation and Viet Herbs Company Limited are the two major key players of the market.
The Covid-19 pandemic may have had various effects on the plant extracts market in Vietnam. Disruptions in supply chains, logistics, and industrial operations during lockdowns and movement restrictions could have impacted the overall production and distribution of plant extracts. The pandemic`s impact on various industries, such as pharmaceuticals and cosmetics, may have influenced the demand for plant extracts in specific applications. Additionally, changes in consumer behavior and preferences during the pandemic may have influenced the demand for natural and herbal products, including 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 Vietnam Plant Extracts Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Plant Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Plant Extracts Market - Industry Life Cycle |
3.4 Vietnam Plant Extracts Market - Porter's Five Forces |
3.5 Vietnam Plant Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Plant Extracts Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Vietnam Plant Extracts Market Revenues & Volume Share, By Source Types, 2021 & 2031F |
4 Vietnam Plant Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Plant Extracts Market Trends |
6 Vietnam Plant Extracts Market, By Types |
6.1 Vietnam Plant Extracts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Plant Extracts Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Plant Extracts Market Revenues & Volume, By Spices, 2021-2031F |
6.1.4 Vietnam Plant Extracts Market Revenues & Volume, By Essential oils, 2021-2031F |
6.1.5 Vietnam Plant Extracts Market Revenues & Volume, By Flavors & fragrances, 2021-2031F |
6.1.6 Vietnam Plant Extracts Market Revenues & Volume, By Phytomedicines & herbal extracts, 2021-2031F |
6.2 Vietnam Plant Extracts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Plant Extracts Market Revenues & Volume, By Pharmaceuticals & dietary supplements, 2021-2031F |
6.2.3 Vietnam Plant Extracts Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 Vietnam Plant Extracts Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Vietnam Plant Extracts Market Revenues & Volume, By Others , 2021-2031F |
6.3 Vietnam Plant Extracts Market, By Source Types |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Plant Extracts Market Revenues & Volume, By Leaves, 2021-2031F |
6.3.3 Vietnam Plant Extracts Market Revenues & Volume, By Fruits, Flowers, and Bulbs, 2021-2031F |
6.3.4 Vietnam Plant Extracts Market Revenues & Volume, By Rhizomes & roots , 2021-2031F |
6.3.5 Vietnam Plant Extracts Market Revenues & Volume, By Barks & stems, 2021-2031F |
6.3.6 Vietnam Plant Extracts Market Revenues & Volume, By Others , 2021-2031F |
7 Vietnam Plant Extracts Market Import-Export Trade Statistics |
7.1 Vietnam Plant Extracts Market Export to Major Countries |
7.2 Vietnam Plant Extracts Market Imports from Major Countries |
8 Vietnam Plant Extracts Market Key Performance Indicators |
9 Vietnam Plant Extracts Market - Opportunity Assessment |
9.1 Vietnam Plant Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Plant Extracts Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Vietnam Plant Extracts Market Opportunity Assessment, By Source Types, 2021 & 2031F |
10 Vietnam Plant Extracts Market - Competitive Landscape |
10.1 Vietnam Plant Extracts Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Plant Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |