by Perilla extract comes with numerous health benefits and is gaining recognition as a superfood. The extract is obtained from Perilla frutescens leaves and is rich in antioxidants like rosmarinic acid, luteolin, and shiso flavonoids. It helps improve overall health and wellness.
Perilla extract finds wide applications in the food and beverages industry. It is used as a spice and flavoring agent in several Asian cuisines. The extract adds aromatic essence to dishes and impart umami taste. It also helps process and preserve food products naturally. In the personal care industry, perilla extract is utilized in cosmetic formulations like lotions, creams, and serums due to its anti-inflammatory and skin-soothing properties. The extract protects skin from environmental stressors and reduces signs of aging.
The Global Perilla Extract Market Demand 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 2030.
Key Takeaways
Key players operating in the Perilla Extract are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel, Qualcomm.
Growing recognition of perilla extract’s health benefits has led to augmented demand from end-use sectors like food and beverages, personal care, and pharmaceuticals. Additionally, rising health-conscious population is bolstering the market growth.
Global expansion of personal care and cosmeceutical industries has created new revenue streams for perilla extract suppliers worldwide. North America and Europe represent lucrative markets due to aggressive adoption of natural ingredients in personal care products.
Market key trends
One of the major perilla extract market trends is its increasing usage in functional foods and dietary supplements. Players are utilizing the benefits of perilla extract and developing innovative product formulations for lifestyle disease management. For example, supplements containing perilla extract that claim to control blood pressure, regulate blood sugar, and promote heart health. Such trends are widening the scope of applications and driving higher incorporation of perilla extract in end-use verticals.
Porter’s Analysis
Threat of new entrants: The perilla extract market is a mature and established market leaving limited opportunities for new entrants due to capital requirements and standard certifications needed.
Bargaining power of buyers: Buyers have moderate bargaining power in this market due to the availability of substitutes and suppliers having product differentiation.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to a requirement for specialized expertise and equipment for perilla extract production.
Threat of new substitutes: Substitutes like basil extract pose a moderate threat as perilla extract has certain unique functional properties.
Competitive rivalry: High as companies compete on basis of product innovation, quality, and pricing.
Geographical Regions
The Asia Pacific region accounts for the largest share of the global perilla extract market in terms of value owing to the high cultivation and consumption of perilla in countries like China, Korea and Japan.
North America is expected to witness the fastest growth during the forecast period due to the rising awareness about the health benefits of perilla extract and its uses in various food applications 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
