Press release
Velvet Bean Extract Market Growing Demand Over Forecast Period Owing to the Increasing Use of the Extract in the Treatment of a Plethora of Diseases and Ailments
Velvet Bean Extract market Outlook:
Mucuna pruriens commonly known as Velvet bean is a medicinal plant belonging to the Leguminosae family. It is a tropical crop native to Southeast Asia. The velvet bean extract is obtained from nature’s one of the most interesting and unusual medicinal beans. The velvet bean extract market is anticipated to witness a growing demand over the forecast period owing to the increasing use of the extract in the treatment of a plethora of diseases and ailments. The velvet bean extract is used in the treatment of infertility in males by enhancing sexual drive, nervous disorders like tension, lack of concentration, and improving mood. The primary use of velvet bean extract is in the treatment of Parkinson’s disease due to the presence of high level of L-Dopa. The velvet bean extract also has many preventive, curative, and healing properties like antioxidant, anti-inflammatory, antitumor, anti-leukemic, anti-diabetic, estrogenic, antiviral, and antiseptic properties. The velvet bean extract is very popular among, and athletes as the extract is used to reduce excess fat, boost the energy and concentration levels which add-ons to the overall performance and efficiency of the athletes. The velvet bean extract is also used in the food and animal feed industry.
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Pharmacological and Medical Proficiency open the door for Velvet Bean Extract:
The market for velvet bean extract is expected to witness a growing demand over the forecast period owing to the therapeutic and medical proficiency of the extract in many diseases and ailment. The velvet bean extract has neuroprotective effects and is used primarily in the treatment of Parkinson’s disease. Besides, many pharmacological activities like anti-venom, anti-microbial, neuroprotective, anti-diabetic, and anti-oxidant activities associated with velvet bean extract is expected to propel the demand for the extract further. The need for velvet bean extract is anticipated to increase due to increasing neurological disorders among population due to busy lifestyles and growing competition. Also, the extract is popular among the bodybuilders and athletes as the vanilla bean extract is used to increase the energy and reduce the body weight while improving the concentration level of the person. The demand for the velvet bean extract will also boost owing to its potential capability in the treatment of male infertility low sperm count, and low libido levels.
Velvet Bean Extract market: Market Segmentation
On the basis of nature, the Global Velvet Bean Extract market has been segmented as:
Organic
Conventional
On the basis of form, the Global Velvet Bean Extract market has been segmented as:
Liquid
Powder
On the basis of application, the Global Velvet Bean Extract market has been segmented as:
Food industry
Animal feed
Pharmaceutical and Nutraceutical
Dietary supplement
Others
On the basis of distribution channel, the Global Velvet Bean Extract market has been segmented as:
Direct
Indirect
Drug stores
Speciality stores
Online retailers
On the basis of region, the Global Velvet Bean Extract market has been segmented as:
North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa
Global Velvet Bean Extract market: Market Participants
The key market participants identified across the value chain of the global Velvet Bean Extract market are: The Himalaya Drug Company, Shenzhen Jiachen Biotechnology Co., LTD., Sun Potion Transformational Foods, Banyan Botanicals, and THE GROVE
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Opportunities for Velvet Bean Extract market:
The market for velvet bean extract will witness a growing demand owing to its potential capability in the treatment of Parkinson’s disease. The Parkinson’s disease is the second most common neurodegenerative disease, and about 10 million people across the globe suffer from this disorder. The demand for velvet bean extract will boost in developed regions like North America and Europe where consumers are more health conscious and prefer proper medical and pharmacological treatment of the ailment. The velvet bean extract will find good opportunity among bodybuilders and sportsperson as the extract helps the athletes to maintain an appropriate concentration level, body weight, and body energy. Further, the demand for velvet bean extract will boost the growing market for dietary supplements over the forecast period. The increasing potency of velvet bean extract in the treatment of male infertility and as an aphrodisiac is further providing a thrust to the demand for the extract.
Brief Approach to Research Velvet Bean Extract Market:
A modelling-based approach and triangulation methodology will be followed 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
Key Data Points Covered in the Report -
Some of the key data points covered in our report on 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 participants in market
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
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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