Press release
Ashwagandha Extract Market Expected to Reach USD 102.72 Million by 2029, with 11.5 % CAGR
Ashwagandha Extract Market
The recently released market report provides a comprehensive analysis of the Ashwagandha Extract market, segmented by Type, Application, and Region. The study is founded on data sourced from market participants across various regions including North America, Asia Pacific, Europe, Middle East & Africa, and South America. Utilizing a wealth of facts, figures, illustrations, and presentations, the report meticulously examines the market dynamics from 2017 to 2022. It delves into the market drivers, limitations, prospects, and challenges, offering valuable insights to potential investors. The report's competitive analysis equips investors with strategic recommendations based on the current competitive landscape of the Ashwagandha Extract market.
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What are Ashwagandha Extract Market Dynamics?
Market Drivers and Opportunities:
Ashwagandha Extract, derived from the Withania Somnifera plant, is gaining momentum both as a traditional medicinal herb and supplement. The extract boasts a rich history of utilization in Ayurveda, spanning India, the Middle East, and parts of Africa. With various health benefits including cognitive enhancement, immune support, and stress relief, Ashwagandha Extract has witnessed increased demand from health-conscious consumers globally. Its potential in managing sleep disorders, stress, anxiety, and depression has attracted attention, spurring its adoption in the pharmaceutical sector. As governments like India encourage Ayurvedic medicine usage, and with rising interest in herbal remedies, the Ashwagandha Extract market is primed for substantial growth.
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Ashwagandha Extract Market Segmentation?
by Type
• Powder
• Capsule
• Others
The Ashwagandha Extract Market is divided into three types: powdered, capsules, and others. The Ashwagandha Extract Market is being dominated by the powdered category in 2022 thanks to its large market share. Ashwagandha powder can be quickly absorbed by the body when combined with water, honey, juice, or milk. The powdered segment is being widely adopted by the majority of the populace. During the forecast period, it is anticipated that the capsules segment will grow significantly. Unlike powder, capsules are portable and do not need to be consumed with milk, water, or juice. As a result, the powdered segment rules the ashwagandha market.
by Application
• Food Industry
• Pharmaceuticals Industry
• Others
The market for ashwagandha extract is divided into three categories based on application: food industry, pharmaceutical industry, and others. By controlling the largest market shares, the pharmaceutical sector is the one driving the ashwagandha extract industry. This is because ashwagandha is widely used to treat a wide range of illnesses. The herb has been shown to suppress breast, colon, and lung cancer cells. Additionally, it might lower the body's cortisol levels. The adrenal glands respond to stress by releasing the stress hormone cortisol. As a large portion of the population experiences stress. As a result, the pharmaceutical industry currently controls the Ashwagandha market.
Who are Ashwagandha Extract Market Key Players?
• Natreon
• Arjuna Natural
• Ixoreal Biomed
• Natreon
• Sabinsa
• Umalaxmi Organics
• OmniActive Health Technologies
• Unicorn Natural Products
• Venkatesh Food Industries
• Vidya Herbs
• Kumaon Exports
• Botanic Healthcare
• Gwalior Herbal Products
• K. Patel Phyto Extractions
• Bioprex Labs
• Medikonda Nutrients
• Greenjeeva
• Aunutra® Industries Inc
• Carrubba INC.
• Creative Enzymes
• Simply by Nature Ltd.
• Herbochem
• HERBAL CREATIONS
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Regional Insights:
The Asia Pacific region, led by India's rich tradition of Ayurvedic medicine, commanded the largest market share of 58% in 2022. Meanwhile, North America is projected to experience significant growth at a CAGR of 11.5% throughout the forecast period. The trend of health-consciousness and growing trust in herbal remedies has fueled the market's expansion in both regions.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Future of Herbal Supplements: Ashwagandha Extract Market Projections
𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐬𝐡𝐰𝐚𝐠𝐚𝐧𝐝𝐡𝐚 𝐄𝐱𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The global ashwagandha extract market is experiencing substantial growth, driven by increasing consumer demand for natural health supplements and rising awareness of ashwagandha's health benefits.In 2023, the ashwagandha extract market was estimated to be worth USD 53.45 million. Over the course of the forecast period, the ashwagandha extract market is expected to expand at a compound annual growth rate (CAGR) of 11.5%.
𝐂𝐮𝐫𝐢𝐨𝐮𝐬…
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