Perilla extract is an essential plant extract that is widely utilized in food and pharmaceutical industry. It is derived from perilla plant, which is a member of mint family and native to eastern Asia. Perilla extract is a rich source of alpha-linolenic acid (ALA), an omega-3 fatty acid. ALA has various health benefits such as reduced inflammation, improved brain and heart health. Perilla extract is commonly used as a natural flavoring and coloring agent in a variety of Japanese foods. It imparts umami and minty flavor to dishes. In addition, it provides vibrant purple hue to foods and beverages. The extract finds extensive application in products such as fried snacks, pickles, desserts, supplements and more.

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 Demand are Thales Group, Alstom, Huawei, Hitachi, Siemens, Cisco Systems, IBM, Microsoft, Intel, Qualcomm.

Key opportunities in the market include product innovation with natural ingredients, expansion in health and wellness segment, and growth in Asian food industry. Companies are focusing on developing value-added perilla extract products with enhanced functional benefits to cater to changing consumer preferences.

Key players have been expanding their global footprint by entering new regional markets including North America, Europe and Asia Pacific countries. International markets offer lucrative prospects owing to rising awareness about health benefits of perilla extract and increasing adoption of healthy Asian cuisines.

Market Drivers
Increasing consumer preference for natural ingredients is a major market driver. Perilla extract is gaining prominence as a clean-label ingredient due to its natural source and nutritional profile. Growing health-consciousness is further propelling product demand.

Market Restraints
High prices of perilla extract due to expensive harvesting and processing methods can restrain market growth. Further, unfair trade practices by some regional players impact the supply chain negatively.

Segment Analysis
The Perilla extract market can be segmented based on type and application. By type, the shiso extract segment accounts for over 40% share of the total market as it is widely used in culinary applications and has high antioxidant properties. Shiso extract supplies many antioxidants like luteolin, rosmarinic acid etc. which help protect cells from damage.

In terms of application, the food segment dominates and holds around 60% share due to increasing usage of perilla extract in culinary preparations like soups, salads, sauces etc. for enhancing flavor and aroma. countries like Japan, China highly prefer perilla leaves in their daily cuisine which boosts the food segment growth. The cosmetics segment holds the second largest share and is expected to witness fastest growth during the forecast period owing to rising demand for herbal-based anti-aging creams and lotions containing perilla extract.

Global Analysis
The Asia Pacific region holds the largest share of around 50% of the global perilla extract market due to major perilla producing countries like China, Japan and South Korea located in this region. Countries like Japan have been using perilla leaves for centuries in traditional dishes which drives significant demand. North America is expected to grow at a CAGR of over 18% during the forecast period due to rising health consciousness and expanding cosmetics industry in the US and Canada. The European region also holds sizable demand for perilla extract and the market is growing at a steady pace due to growth in herbal cosmetic products and expanding food processing industry.

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