Tongkat Ali Extract Market to Garner Brimming Revenues by 2028
Tongkat ali is a flowering plant also known by the name of longjack or eurycoma longifolia and pasak bumi. Geographically, it has a fairly wide distribution in South-east Asia which covers South Myanmar, Philippines, India, China, Sumatra, Peninsular Malaysia and Borneo. Tongkat Ali extract is obtained from the roots of the tongkat ali plant which is ten meters in height and has very few branches. The tongkat ali extract has been traditionally used as an aphrodisiac and as an ailment for disorders and in modern times has found its way into health supplements and also as a food additive in functional food and beverages. Tongkat ali extract has been used to treat diseases such as intestinal worms, dysentery, jaundice, diarrhea, etc. but majorly used as an aphrodisiac. Apart from these diseases, tongkat ali extract is also used to boost blood circulation and reduce obesity. Increasing number of research articles are being published to support the health claims of the tongkat ali extract and with consumers turning their focus on traditional and natural products, herbal supplements manufacturers are digging out and commercializing newer varieties of traditional herbs such as tongkat ali extract to cater to this consumer demand.
Get Brochure of The Report: https://www.factmr.com/connectus/sample?flag=B&rep_id=852
Reasons for Covering this Title
According to the Forest Research Institute Malaysia, the demand for tongkat ali extract has outpaced the supply of the raw material and the situation becoming tragic, needs immediate attention. Tongkat ali extract which has been very popularly consumed by the Malaysian men since the days of old has met with extensive unplanned harvesting. To sustain the demand, there is an exceeding need for bigger players to take up the tongkat ali extract business which may help to stabilize the tongkat ali extract market. Owing to the shortage, the price of the tongkat ali extract is also expected to shoot up. In Malaysia, measures are being taken up to cultivate tongkat ali plant from hairy root culture which may enable harvesters to supplement the demand for the tongkat ali extract in the market. On the other hand, due to a diversification of the food processing industry, the export base of the South East Asian countries has expanded and has boosted a concomitant growth of the tongkat ali extract market along with the growth of the traditional herbs market. At present, about 70% of the global population is dependent on traditional medicines. Also, the government has been taking up various steps to expand the production facilities of tongkat ali extract. The trade of agricultural, herbaceous and non-forestry commodities form the backbone of the economies for these developing nations and hence, rigorous focus to promote the development of the tongkat ali extract can be expected over the forecast period, which also remains a major driver for the growth of the tongkat ali extract market.
Global Tongkat Ali Extract Market: Segmentation
On the basis of nature, the tongkat ali extract market is segmented as-
On the basis of end use, the tongkat ali extract market is segmented as-
Cosmetics & Personal Care
Sports Nutrition Drinks
Global Tongkat Ali Extract Market: Key Players
The major players of the tongkat ali extract manufacturers are found in the APAC region, especially in China and Malaysia. The Malaysian companies usually export the tongkat ali extract to the U.S., Europe and Japan, product is packaged and sent for further processing. Some of the manufacturers of the tongkat ali extract include LJack (M) Sdn Bhd, Nutragreenlife Biotechnology Co.,Ltd, Nutra Green Biotechnology Co.,Ltd., FZBIOTECH,Beton Nutrition Corporation,Tianjin Liesi International Trading Co.,Ltd and RD Health Ingredients amongst others.
Global Tongkat Ali Extract Market: Key Takeaways
In 2016, the company Bio Desaru Sdn Bhd, which is a producer of many agrofood products, recorded a significant produce of 40 MT of the plant tongkat ali and also recorded a rise in foreign and local investments of about US$ 300 Mn which involved 29 of its projects. The core focus of the organization is to extensively market the herbal plants’ application in the modern bio-based technology.
Opportunities for Tongkat Ali Extract Market Participants
Even though the tongkat ali extract market has witnessed great demand from the end use consumers, giant manufacturers in the health supplement industry have not really been stressing this demand, and hence, a need to promote the health benefits of the tongkat ali extract which are supported by the scientific consensus on a global platform is evident. Active participation of key manufacturers in social events organized for the key players of the herbal extracts industry will also enable other market players to expand their knowledge base regarding tongkat ali extract, allowing them to turn focus on the market development of tongkat ali extract. Apart from being a highly fragmented market, tongkat ali extract is known by various other commercial names in other countries, such as longjack in U.S., which creates confusion amongst the consumers and the market players to adopt right product development strategies due to lack of adequate information about the ingredients used in the products, which has hindered the growth of the tongkat ali market. Hence, a unification of all market players is essential to take further strategic decisions and expand the market presence of the tongkat ali extract market.
Report Analysis @ https://www.factmr.com/report/852/tongkat-ali-extract-market
Brief Approach to Research
FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Follow us in Linkedin: https://www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tongkat Ali Extract Market to Garner Brimming Revenues by 2028 here
News-ID: 1235186 • Views: 272
More Releases from Fact.MR
Thrive In Food & Beverages Industry Is Expected To Boost Sales Growth Of Commerc …
A commercial mixer used as an essential piece of equipment in any restaurant, pizzeria, bakery, or other establishments that makes dough and batter, leaving the contents perfectly mixed and aerated. The busy and hectic lifestyle urges the need to have commercial mixers like equipments; owing to a commercial mixer is the flawless machine for swiftly mixing batches of batter or dough easily. To get in-depth information view the report – https://www.factmr.com/report/4901/commercial-mixers-market The
Expansion In Bakery Industry Is Expected To Triggers Market Sales Growth Of ADA …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global ADA Substitute market over the forecast period 2019 to 2029 The report begins with a brief presentation and overview of the ADA Substitute market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report – https://www.factmr.com/report/4236/ada-substitute-market It
Global Aseptic Carton Bottles Market Is Projected To Generate Higher Sales Reven …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global Aseptic Carton Bottles market over the forecast period 2018 to 2028 The report begins with a brief presentation and overview of the Aseptic Carton Bottles market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report
Advancement In Oil & Gas Industry is Likely To Boost Deflagration Flame Arrester …
The development in energy generation and oil & gas sectors has prompted the higher reception of equipment, for example, deflagration flame arresters, whose proposed capacity is to permit flow, however, keep the transmission of flame from either explosion or deflagration. A deflagration flame arresters are relied upon to develop as an essential gadget sooner and are required to be utilized in different applications such as pharmaceuticals, mining, and others. Distinctive
More Releases for Tongkat
Tongkat Ali Extract Market 2018-2023 Analysis, Trends and Forecasts
Tongkat Ali Extract Market 2018-2023 research report presents a comprehensive study of the Tongkat Ali Extract Market in Global Industry; the study scans the progression of the market trailed over the past few years and the forecasts of growth in the coming years, primarily in terms of sales. The research report highlights the reasons liable for the disparities in the market and investigates them methodically. The Tongkat Ali Extract Market
Tongkat Ali Extract Market Size, Share, Growth, Revenue, Top Market Leaders - Xi …
QY Research always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global tongkat ali extrac market is committed to fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts. The global tongkat ali extrac market report covers scope and
Global Tongkat Ali Extract Market Soaring Demand Assures Motivated Revenue Share …
Consumers across the globe are becoming more health conscious owing to the need to complement their ever-increasing sedentary lifestyles and lack of physical activities, with healthy alternatives in foods. The growing concerns related to obesity and other health problems due to neglected diets is resulting in a shift of consumer preference towards diet supplements to keep their body active and healthier. With food supplements that include Tongkat Ali Extract, consumers
Tongkat Ali Extract Market Projected to be Resilient By 2028
Market Outlook for Tongkat Ali Extract Market Tongkat ali is a flowering plant also known by the name of longjack or eurycoma longifolia and pasak bumi. Geographically, it has a fairly wide distribution in South-east Asia which covers South Myanmar, Philippines, India, China, Sumatra, Peninsular Malaysia and Borneo. Tongkat Ali extract is obtained from the roots of the tongkat ali plant which is ten meters in height and has very few
Global Tongkat Ali Extract Market Current Trends 2018 | Major Key Players - Nutr …
Market Outlook for Tongkat Ali Extract Market Tongkat ali is a flowering plant also known by the name of longjack or eurycoma longifolia and pasak bumi. Geographically, it has a fairly wide distribution in South-east Asia which covers South Myanmar, Philippines, India, China, Sumatra, Peninsular Malaysia and Borneo. Tongkat Ali extract is obtained from the roots of the tongkat ali plant which is ten meters in height and has very few branches.
Global Tongkat Ali Powder Sales Market Report 2017 : GCM Products, Apex Biotechn …
Qyresearchreports include new market research report "Global Tongkat Ali Powder Sales Market Report 2017" to its huge collection of research reports. The research report, Tongkat Ali Powder Market offers a detailed analysis of the key segments of the global Tongkat Ali Powder market. The report provides valuable historical and forecast data to companies. Backed by extensive primary and secondary research, the research study offers key statistics on the global Tongkat Ali