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Plant-Based Product Demand – Potentially a $25B Market Opportunity by 2025

Demand for plant-based products could create a $25.11 billion market by 2025…



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Demand for plant-based products could create a $25.11 billion market by 2025, says Grand View Research. All as “Demand for products that are free from synthetic fragrances, preservatives, parabens, petrochemicals, and harsh cleaners such as sodium lauryl sulfate has registered sharp rise over the past few years,” they noted. That demand could lead to substantial growth for companies, such as Better Plant Sciences Inc. (CSE:PLNT)(OTC:VEGGF), Johnson & Johnson (NYSE:JNJ), Estee Lauder Companies Inc. (NYSE:EL), Honest Company Inc. (NASDAQ:HNST), and Unilever PLC (NYSE:UL). Helping, according to Linkage Research, “A quarter of consumers report they are purchasing plant-based skincare today, and 39% say they would like to buy products with plant-based ingredients. With this type of demand, manufacturers are innovating to bring new plant-based beauty ingredients to market.” Better Plant's Jusu Launches Pure Essential Oils and Spritzers Better Plant Sciences Inc. (CSE:PLNT)(OTC:VEGGF), a wellness company that develops and sells sustainable, plant-based products that are better for health and better for the earth, is relaunching a line of ten 100% pure essential oils, and six pure essential oil blends with six essential oil spritzers. These new products will be relaunched as part of the Jusu Wellness Home collection, and are available for purchase in Canada from The six essential oils blends and six accompanying spritzers have been relaunched under the names: Cleanse, Wellness, OM, Camper’s Friend, Inspire, and Relax. The pure essential oils come in the varieties: lavender, eucalyptus, grapefruit, peppermint, tea tree, cedarwood, frankincense, ylang ylang, lemon, and bergamot. In keeping with Better Plant’s commitment to doing better for the environment; the glass essential oil bottles and the spritzer bottles are 100% recyclable. “Jusu Wellness products already contain essential oils due to their beneficial properties for the skin, as well as for their all natural scents”, says Joelle Fiorito, Director of Operations at Jusu. “Adding essential oils and spritzers allows consumers to bring all of those benefits in to their daily lives, whether is it by adding a few drops of the Relax essential oil blend to a diffuser in their home, or carrying a Camper’s Blend spritzer with them on their next outdoor excursion.” According to a report by Grandview Research, the global essential oils market demand was estimated at 247.08 kilotons in 2020 and is expected to grow at a compound annual growth rate of 7.5% from 2020 to 2027. Essential oils offer several health benefits, which drives the demand for these oils in pharmaceutical applications. Essential oils are sourced from plants and unlike most of the conventional medicines and drugs, essential oils have no major side effects. Consumers’ rising preference for natural and organic products is driving the application of essential oils in cosmetics, homecare products, and food & beverages. Other related developments from around the markets include: Johnson & Johnson  announced results for second-quarter. “Our second-quarter results showcase Johnson & Johnson’s diversified portfolio, driven by strong sales and earnings growth across our Medical Device, Consumer Health and Pharmaceutical businesses,” said Alex Gorsky, Chairman and Chief Executive Officer. “I’m so proud of our 136,000 colleagues who remain focused on delivering our medicines and products to patients and consumers around the world, in addition to advancing our pipeline with new product launches and regulatory submissions. These accomplishments exemplify our commitment to advancing transformational innovations that improve the health of people and communities everywhere while continuing to deliver long-term value to all of our stakeholders.” Estee Lauder Companies Inc. will release fiscal 2021 fourth quarter and full year results on August 19, 2021. On that date, at 9:30 a.m. (ET), the Company will provide a live webcast of its conference call discussing the results, future prospects and recent corporate developments. Fabrizio Freda, President and CEO, and Tracey T. Travis, EVP and CFO, will host the call. Honest Company Inc., a mission-driven brand focused on leading the clean and conscious lifestyle movement, today announced a new sustainable packaging initiative for Honest Beauty featuring 100 percent recyclable cartons using 100 percent tree-free paper made from upcycled sugarcane by-product. As part of the beauty relaunch, Honest is also launching the Daily Defense Collection, a new line of skincare products designed to defend skin against environmental aggressors. In this effort, over 100 SKUs were updated to leverage post-consumer recycled materials as part of The Honest Company’s clean, conscious, culture brand initiative. Honest Beauty products will now feature tree-free packaging across the line with updates to the primary packaging to utilize more environmentally-friendly materials including, glass droppers, aluminum tubes, tin compacts, PCR materials and mono-material components whenever possible for easier recycling. Unilever PLC announced that, further to the announcement made on 14th June 2021, it has completed the acquisition of Paula’s Choice, the digital-led skin care brand. Founded by Paula Begoun in 1995, the brand is famous for its industry-leading innovation, accessible jargon-free science, high performing ingredients and cruelty-free products. Paula’s Choice offers powerful content and digital tools to demystify the science behind skin care, including an extensive “Ingredient Dictionary” that breaks down the research behind nearly 4,000 ingredients, and Expert Advice, a curated online hub of skin care and ingredient knowledge. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Better Plant Sciences Inc. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of Better Plant Sciences Inc. Please click here for full disclaimer. Contact Information: 2818047972

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