Ashwagandha Extract Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities
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Prominent Market Players
The players operating in the global ashwagandha extract industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report The Himalaya Drug Company, Dabur India Ltd., Emami Limited, Kairali Ayurvedic Group, P&G, Patanjali Ayurved Limited, Kerry Group PLC, Shree Baidyanath Ayurveda Bhawan Pvt. Ltd., Taos Herb Company and Unilever PLC.
According to the ashwagandha extract market opportunity, region wise, North America garnered the major ashwagandha extract market share in 2021, and is expected to maintain its market share throughout ashwagandha extract market forecast period. North America witnessed a significant growth rate in 2021 due to extensive awareness about using ayurvedic herbs medicines including ashwagandha extract and acceptance by the large population in the region. People are beginning to discover ayurveda as a sister science of yoga. Increasing consumer awareness and growing demand for ayurvedic medicines products in the region is expected to gain a major traction in the market.
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According to the ashwagandha extract market demand, on the basis of form, the capsules/tablets segment was the highest contributor to the market this is majorly attributed to convenience provided by the capsules/tablets forms as it can be easily consumed. Ashwagandha is well tolerated; pills and capsules do a better job of masking its distinct odor than extracts and powders. Thus, people majorly prefer to buy capsules/tablets of ashwagandha than other forms.
Key Benefits For Stakeholders
-> This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ashwagandha extract market analysis from 2021 to 2031 to identify the prevailing ashwagandha extract market opportunities.
-> The market research is offered along with information related to key drivers, restraints, and opportunities.
-> Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-> In-depth analysis of the ashwagandha extract market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
-> Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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