Global Tongkat Ali Extract Market : Overall Market Sizes, Upcoming Industry Trends, Growth Opportunity by 2028 and Highlighted Key Merchants - LJack (M) Sdn Bhd, Nutragreenlife Biotechnology Co.Ltd, Nutra Green Biotechnology Co.Ltd., FZBIOTECH,Beton Nutri

A latest research report titled as” Tongkat Ali Extract Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028” has been recently added to the vast portfolio of FactMR online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global Tongkat Ali Extract Market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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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 are witnessing increased activeness and strength after consumption which is expected to boost the growth of the Tongkat Ali Extract market.

Tongkat Ali Extract Market: Rising Demand to Boost the Plantation of Tongkat Ali Extract

The Tongkat Ali Extract, owing to its several health benefits is gaining widespread application in the health and dietary supplements end use segment and is being recommended by medical professionals. With its effective usage in natural form as a raw ingredient in medicines and health supplements, along with its growing commercialization has resulted in extensive plantation of Tongkat Ali Extract in regions such as Malaysia. This intensified plantation and rising demand is anticipated to foster the growth of the Tongkat Ali Extract Market.  

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.

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Global Tongkat Ali Extract Market: Segmentation

On the basis of nature, the tongkat ali extract market is segmented as-

Organic
Conventional
On the basis of end use, the tongkat ali extract market is segmented as-

Dietary Supplements
Cosmetics & Personal Care
Sports Nutrition Drinks
Functional Food
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.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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