The perilla extract market is primarily driven by increasing demand from the herbal cosmetics and supplements industries. Perilla extract contains high amounts of alpha-linolenic acid that helps improve skin hydration and treat inflammatory skin conditions like eczema. It also contains rosmarinic acid that acts as a potent antioxidant. The growing consumer preference for natural and organic personal care products is fueling the growth of the herbal cosmetics industry. Perilla extract finds wide application in anti-aging creams, sun protection creams, and moisturizers due to its antioxidant and nourishing properties. Further, perilla extract helps reduce oxidative stress and supports liver function, driving its adoption in herbal dietary supplements. The Global perilla extract market is estimated to be valued at US$ 1.33 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Perilla Extract Market Size are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel, and Qualcomm. Thales Group holds a significant market share owing to its expertise in providing cybersecurity solutions for critical infrastructures.
The growing demand for herbal cosmetics and dietary supplements is a major factor driving the growth of the perilla extract market. Perilla extract contains high amounts of antioxidants that protects skin from damage caused by free radicals. It also helps improve skin hydration and treat inflammatory skin conditions. This increasing demand from cosmetics and personal care industries is expected to propel market growth during the forecast period.
The market is witnessing steady growth in the Asia Pacific region due to increasing perilla cultivation and rising healthcare expenditure. Countries like China, South Korea, and Japan are the major consumers of perilla extract given its wide application in traditional herbal medicines. Leading players are focusing on expanding their production facilities in Asia to cater to the growing regional demand. Several strategic collaboration with local herbal extract producers are widening the scope of applications of perilla extract.
Market Drivers
The primary drivers fueling growth of the perilla extract market include increased production of perilla crops and rising awareness about the nutritional and medicinal benefits of perilla extract. Perilla production has significantly increased over the past few years, especially in China and South Korea. Further, growing cognizance regardings perilla's anti- inflammatory and antioxidant properties are driving its adoption in herbal supplements and cosmetic formulations. Various clinical studies validating the efficacy of perilla extract in managing chronic conditions like asthma and diabetes are also supporting its demand worldwide.
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