Discovery of New Herbs Fuels the Plant Extracts Market in Pharmaceuticals Industry

2024-11-04 09:43:08 Lifestyle

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Plant extracts refer to the material extracted from various parts of a plant or herb. These extracts have been the primary source of medication since the ancient times. With the end-use industries recognizing the importance of these extracts and the demand for them among consumers is increasing; manufacturers have been involving in R&D significantly to identify, develop and commercialize new herbal extracts. In the recent years, plant extracts industry has witnessed path breaking inventions that transform to the consumable medicines in the near future.

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Researchers have discovered triptolide, an extract of Tirpterygium wilforii, which helps in suppressing GRP78 (Binding immunoglobulin protein); thereby, reducing the activity of pancreatic cancer cells. Though there are a few inhibitions hindering the full-scale usage of this natural extract, with the rapid progression in the medical and botanical fields, it is expected that triptolide can be transformed into a potential solution for mitigating the effects of pancreatic cancer thereby improving the survival rate in the near future.

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Hepatitis C is an infectious disease that affects the liver. Hepatitis C is caused by the Hepatitis C Virus (HCV). Annually, more than 350,000 people die from HCV-related diseases. Researchers have recently discovered SBEL1, a compound derived from an herb found in Taiwan and Southern China. SBEL1 has been proven to possess the capability of inhibiting the HCV replication by 90%. Driven by the emergence of new plant extracts for medication, the global pharmaceutical plant extracts market is estimated to grow at a CAGR of 8.8% in the coming five years.

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Categorization of the market:

Based on type:
? Spices,
? Essential Oils and Natural Extracts,
? Flavors and Fragrances,
? Phytochemicals,
? Herbal Extracts etc.

Based on geography:
? North America,
? Europe,
? Asia-Pacific and
? ROW.

Key Company Players of the Industry:
? Organic Herb Inc.,
? Plant Extracts International Inc.,
? Network Nutrition,
? FT Technologies,
? Lehmann & Voss & Co.

Key Countries dealing in this Market:
? United States,
? Europe (including Germany, France),
? China,
? India,
? Korea.

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