Ashwagandha Extract Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities

According to a new report published by Allied Market Research, titled, "Ashwagandha Extract Market," The ashwagandha extract market was valued at $864.30 million in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.Similar to the medication lorazepam, ashwagandha may have anxiolytic (anxiety-relieving) effects. In addition, ashwagandha might have potential as an antidepressant. This suggests that ashwagandha may aid in the treatment of anxiety and depression. It is possible that ashwagandha possesses anti-arthritic qualities that are generally acknowledged and published. Ashwagandha's ability to calm the nervous system may assist it to reduce pain.

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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.

Regional Outlook:

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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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