Plamed Green Science Group, Sami-Sabinsa Group, LKT Laboratories Inc, and Otto Chemie Pvt Ltd, among others, are some major players in the global chrysin extract market.
The global chrysin extract market is being driven by the growth of the dietary supplement market, which attained a value of about USD 162 billion in 2020. The global dietary supplements market is expected to grow at a CAGR of 6.8% over the forecast period of 2021-2026 to reach a value of about USD 240 billion by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the rising awareness associated with the product's benefits.
The benefits of chrysin extract include reducing the male oestrogen levels and upregulation of the production of GnRH. The market for chrysin extract has been closely linked to the market of dietary supplements. There is an increasing demand for chrysin extract from the bodybuilding industry. Chrysin extract is a good source of bioflavonoid used to treat inflammation, baldness, and anxiety.
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In May 2017, the founder of Plamed Green Science Group, Byron Xue, signed an agreement with Switzerland, Austria and Italy to carry out economic and trade activities on behalf of the Shaanxi Plant Extract Association. Shaanxi is a province in China, which has plant extracts on a large scale. The province is the main production base and further inhabits the top R&D and production talents of the industry. The agreement is expected to foster overseas promotion and export. Such developments in the industry are expected to bolster the overall market growth of chrysin extract.
Headquarters: High-tech Zone, Xi’an ,China
Plamed Green Science Group is a high-tech enterprise dedicated to extracting natural plant active ingredients, research and product formulation. They produce raw cosmetic materials such as arbutin, aloe vera extract, kojic acid dipalmitate, and Centella Asiatica extract, etc. Plamed is the secretary-general enterprise of the Shaanxi Plant Extract Association. The company generates revenue of approximately USD 5 million.
Headquarters: Bangalore, Karnataka, India
Sami-Sabinsa Group, formerly known as Sami Labs Ltd., is a pioneer and global leader in health science. The company is a leading producer of cosmeceuticals, nutraceuticals, standardised herbal extracts, fine and speciality chemicals. The Group owns 311 patents, with many pending approvals. The Sami-Sabinsa Group has over 130 employees and generates a revenue of about USD 23 million.
Headquarters: Minneapolis, Minnesota, United States
LKT Laboratories Inc is a biochemical supply company focused on synthesising and isolating small molecules for research applications. The company’s products have been used in various research fields, like cancer and neuroscience. Some of these products are protein kinase inhibitors, ion channel modulators, and activators. LKT Laboratories has a subsidiary in China called Shenzhen Minn Bolin. The company also performs custom synthesis and isolation of active ingredients from natural products. They also supply raw materials for manufacturing and repackaging.
Establishment: 9 May 2006
Headquarters: Mumbai, Maharashtra, India
Otto Chemie Pvt Ltd is a manufacturer, supplier and exporter of chemicals, solvents, crystal optics and nanotechnology products. The company has developed a wide range of products like chiral resolving agents, amino acids, nutrition research, base ingredients etc. They also provide the option of custom-synthesis for their customers. The company’s products list contains more than 7,900 items. Otto Chemie Pvt Ltd generates a revenue of about USD 2 million.
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