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Echinacea Market in Europe is Expected to Observe High Growth By 2025
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Echinacea Market, By Product Type, 2014-2025 (Tons) (USD Million)
1. Capsules
2. Ointments
3. Tablets
4. Creams
5. Emulsions
6. Extracts
7. Others
Echinacea Market, By Application, 2014-2025 (Tons) (USD Million)
1. Food & beverage
2. Cosmetics
3. Pharmaceuticals
4. Essential oils
5. Others
Echinacea Market By Form, 2014-2025 (Tons) (USD Million)
1. Powder
2. Liquid
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Echinacea is a popular herb, a genus of herbaceous flowering plants in the daisy family, filled with compounds that functions as antioxidants including cichoric acid, flavonoids, and rosmarinic acid, which defend the human body against oxidative stress. Echinacea is widely used against infections including urinary tract, ear, throat, and cold & flu. It is widely available in health shops, pharmacies, online portals as teas, dried herb, liquid extracts, and in the form of pills and capsules which may enhance echinacea market growth.
Echinacea is widely used for widely used in providing a wide range of medicinal benefits such as to improve immunity, reduce anxiety, control blood sugar, inflammation, skin health, and anti-cancer properties. It is also used as a dietary supplement for infections, and the common cold. Echinacea is applied to the skin for skin problems and wounds; and helps repair the skin’s protective thin outer layer, reduce wrinkles, and improve skin hydration. It is extensively used as a supplement in the treatment of numerous types of cancer as it slows down the growth of malevolent tumor cells, thus blocking the cancer’s ability to spread. It helps strengthen the immune system and repair damaged cells. In 2018, the world cancer research fund stated that globally around 2 million women suffered from breast cancer, which is likely to rise in the forecasted period owing to increasing consumption of alcoholic drinks and changes in lifestyle patterns, which should rise echinacea market demand.
Echinacea market share is significantly competitive and the key players operating in the market are Solgar, Gaia Herbs, Jarrow Formulas, Nature’s Bounty, Now Foods, and Ancient Green Fields.
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