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Unveiling the Future: Exploring Adaptogens Market Dynamics and Growth Trends by 2033 || Real Mushrooms LLC, Nature's Way Products Inc., Swanson Health Products Inc
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2048The Business Research Company presents an extensive market research report on the Adaptogens Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The adaptogens market size has grown strongly in recent years. It will grow from $10.67 billion in 2023 to $11.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to stress and lifestyle diseases, consumer awareness, nutraceutical industry growth, athletic performance enhancement, holistic health practices.
The adaptogens market size is expected to see rapid growth in the next few years. It will grow to $17.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to functional food and beverage innovation, e-commerce expansion, aging population, increasing beauty and skincare applications, cultural acceptance. Major trends in the forecast period include innovation in product formulations, direct-to-consumer channels, personalized nutrition, scientific research and clinical studies, celebrity endorsements.
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Key Market Players:
Major companies operating in the adaptogens market report are Real Mushrooms LLC, Nature's Way Products Inc., Swanson Health Products Inc., NOW Foods, Thorne Research Inc., Jarrow Formulas Inc., Organifi Inc., Douglas Laboratories Inc., Nutra Industries Inc, Organic India Pvt. Ltd., Gaia Herbs Inc., Pure Encapsulations Inc., Solaray Inc., PLT Health Solutions Inc, REBBL Inc, Aloha Medicinals Inc., Nootropics Depot LLC, Organixx LLC, Four Sigmatic Ltd., Vital Nutrients Inc., Mushroom Mountain LLC, Xian Yuensun Biological Technology Co. Ltd, Omica Organics Inc., MUD WTR Inc., Planetary Herbals Inc., Kaged Muscle LLC, Mycology Labs Inc., Herb Pharm LLC, Sun Potion LLC, Host Defense Mushrooms Inc.
Market Drivers:
The rising demand for healthy food and beverages is expected to propel the growth of the adaptogens market. Increasing health consciousness among the global population is driving the demand for healthy food and beverages. Healthy foods and beverages with rich nutrients are needed to maintain the body's health and energy levels. Adaptogens help the body respond to stress, anxiety, fatigue, and overall well-being. The rising demand for healthy food and beverages will create demand for adaptogens that which are an essential component of healthy food and beverages due to their herbal properties. For instance, according to the Food & Health survey 2021 by the International Food Information Council, a US-based nonprofit organization for food, beverage, and agricultural industries, approximately 85% of Americans claimed that the pandemic had caused them to adjust their diet or cooking habits in some way and additionally, 60% of Americans simply try to eat healthily, whereas 20% actively seek out items or adhere to diets for certain health benefits. In addition, according to the American multinational food processing and commodities trading corporation ADM, during the pandemic, 18% of Americans bought their first plant-based protein products and 51% of people were looking to adopt products that help them maintain a healthy weight. Thus, the rising demand for healthy food and beverages will drive the growth of the adaptogens market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/adaptogens-global-market-report
The adaptogens market covered in this report is segmented -
1) By Nature: Organic, Synthetic
2) By Source: Ashwagandha, Ginseng, Astragalus, Holi Basil, Rhodiola Rosea, Schisandra, Adaptogenic mushrooms, Other Sources
3) By Distribution Channel: Online, Offline
4) By Application: Food And Beverages, Dietary And Sports Supplements, Pharmaceutical, Cosmetics, Animal Feed
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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