Global Senna Leaf Extract Market & Detailed analysis of current Industry figures with forecasts growth by 2028

The senna leaf extract market involves the extraction techniques of senna plant leaves, in which various concentrations of solvents such as methanol and ethanol are used along with water. Generally, the senna plants are found in dry regions of Asia and Africa. The stem of the senna plant can grow up to 2 meters in height along with yellow flowers and pinnate leaves. The senna leaves are known for their medical benefits in treating the problems of constipation as herbal laxative. The fruit and leaf of this herbal plant is used in making medicines. Limited consumption of senna leaf tea has the proven results of weight loss.

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Drivers

Government initiatives to promote the organic cultivation, zero farming, and herbal-based farming is expected to drive growth of the global senna leaf extract market during the forecast period. For instance, in June 2020, the Khadi and Village Industries Commission (KVIC) introduced an organic drink ‘Neera’ as an alternative for soft drinks in the Palghar district of Maharashtra, India. Neera is extracted from the roots of palm trees.

Higher demand for medical-based crops will drive economic benefits for the farmers. This factor is expected to propel the growth of global senna leaf extract market over the forecast period. According to World Health Organization (WHO), around 80% of people in emerging countries rely on herbal medicines for primary health care purpose.

Restraints

Depleting fertile land and expanding urban areas are expected to restrain the growth of global senna leaf extract market during the forecast period.

Opportunities

Increasing popularity of organic and herbal farming along with the increase in demand for medical-based products is expected to prove fruitful for growth of global senna leaf extract market over the forecast period.

Regional Insights

Asia Pacific and Africa are expected to experience a robust growth in the global senna leaf extract market during the forecast period. Initiative such as Green Revolution and biotechnology are influencing growth of senna leaf extract market in this region.

North America is expected to exhibit the growth in its senna leaf extract market over the forecast period. Rising volume of exports of organic products and extensive research-work done on herbal plants is driving the growth of senna leaf extract market in this region.

Competitive Section

Major players operating in the global senna leaf extract market are Health Group, Inc. (Now Foods), Pai pharmaceutical Associates, Inc., Health and Herbs, Nutra Green Biotechnology Co.Ltd, Shashi Phytochemical Industries, and SAB Herbals & Nutraceuticals.

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Key Developments

In October 2020, the Pharmaceutical Associates Inc. (PAI), announced that it had renewed its partnership with the healthcare GPO, Intalere.

In February 2021, the organic making company, Misionero partnered with an agriculture-based company, Grupo Altex in Mexico.

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This release was published on openPR.