March 4, 2024
Perilla Extract Market

Perilla Extract Market Propelled By Rising Demand For Natural And Organic Ingredients

Perilla extract is obtained from perilla leaves and seeds. It is a rich source of omega-3 fatty acids such as alpha-linolenic acid (ALA) and lignans. Perilla extract finds wide application in the food and beverages industry owing to its nutritional profile and natural flavoring properties. It is used to enhance the flavor and texture of various food products such as soups, salad dressings, baked items, and snack foods. The growing demand for natural and organic ingredients from health-conscious consumers is fueling the adoption of perilla extract.

The global Perilla Extract Market Growth 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, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The rising demand for natural and organic ingredients from the food industry is one of the major trends driving the growth of the perilla extract market. Consumers are increasingly preferring food products containing natural ingredients over synthetic or artificial additives due to rising health concerns. Perilla extract contains antioxidants and unsaturated fatty acids that provide several health benefits. Its use enhances the nutritional value of food products without altering the taste. Thus, the growing focus of food manufacturers on offering natural and clean label food products is propelling the demand for perilla extract.

SWOT Analysis

Strength: Perilla extract has known health benefits such as immune system support and antioxidant properties. It contains rosmarinic acid which has strong antioxidant and anti-inflammatory effects.

Weakness: Perilla extract market is highly dependent on agriculture. Factors such as climate change and crop diseases can impact the availability of perilla leaves and affect the market.

Opportunity: Increasing consumer awareness about health benefits of perilla extract is driving its demand globally. Nutraceutical and pharmaceutical industries are exploring its potential to develop new products.

Threats: Easy availability of substitute ingredients limits the growth of perilla extract market. Strong competitive landscape also poses a threat.

Key Takeaways

The global Perilla Extract Market Growth is expected to witness high growth over the forecast period of 2024 to 2031.

The Asia Pacific region currently dominates the market due to major perilla producing countries such as China, Japan and South Korea. The region accounts for around 65% of the global perilla extract production.

Key players operating in the perilla extract market are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel and Qualcomm. These companies are investing in research & development to identify new applications of perilla extract. They are expanding their production capacity and global footprint to cater to growing demand.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it