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Amla Extract Market Report 2024: Size, Key Segments, and Comprehensive Growth Analysis
Amla Extract Global Market Report 2024
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According to The Business Research Company's, The amla extract market size has grown steadily in recent years. It will grow from $41.28 billion in 2023 to $43.28 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to traditional ayurvedic medicine,nutraceutical and dietary supplements, cosmetics and personal care, pharmaceutical applications, traditional and cultural use.
The amla extract market size is expected to see strong growth in the next few years. It will grow to $53.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing health awareness, anti-aging and beauty products, functional foods, research and development, global market expansion. Major trends in the forecast period include functional foods and beverages, beauty and skincare products, ayurvedic and herbal supplements, customized nutraceuticals, organic and non-gmo products.
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Market Drivers and Trends:
Amla extract market growth is being driven by rising health awareness. Amla extracts are better known for their medicinal values, and they are also used in various forms and have thus become an important ingredient in herbal medicines and Ayurvedic. Amla improves immunity, fights infections, aids weight management, relieves pain, and others. For instance, according to the Australian Bureau of Statistics, the independent statutory agency of the Australian Government, in comparison to 2020-21, more people used health services in 2021-2022. People visited a GP (general practitioner) (83.6% versus 82.4%), visited a dentist (49.4% as opposed to 47.9%), visited a doctor (38.9% as opposed to 37.4%), and visited an emergency department (ED) at a hospital (14.8% as opposed to 13.4%).Thus, rising health awareness is driving the amla extract market.
Amla caplets are the key trend gaining popularity in the amla extract market. The companies in the amla extract market are focusing on producing the amla caplets to expand their market share. A caplet is a compressed mixture of some ingredients, which will be similar to a tablet, but is formed into a capsule shape. Amla caplets are produced in a cGMP facility and contain no magnesium stearate or capsules made of animal gelatin and no artificial tableting glue. For instance, Indian pharmaceutical company Himalaya launched the Amla 60 Caplets in the amla extract market.
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Major Key Players of the Market:
Paradise Herbs & Essentials Inc., Ambe Phytoextracts Pvt. Ltd., Ri-Sun Bio-Tech Inc., Sydler Group Pvt. Ltd., Biomax Ltd., Taiyo International Ltd., Innophos Holdings Ltd., Patanjali Ayurveda Ltd., Jiva Botanicals LLC, Herbeno Herbals Pvt. Ltd., NutraGenesis Pvt. Ltd., Xcul Amla Oil, Jaison Pvt. Ltd., Neelamari Herbs OPS Pvt. Ltd., Dabur India Ltd., Organic India Pvt. Ltd., NutraGenesis LLC, Natreon Inc., Avestia Pharma Pvt. Ltd., Skan Ayurceuticals Pvt. Ltd., Rusmolco LLC, Ambe NS Agro Products Pvt. Ltd., Aloecorp Inc., NOW Health Group Inc., Indigo Herbs Ltd., Arjuna Natural Extracts Ltd., Archerchem Pvt. Ltd., Sabinsa Corporation, Arjuna Natural Pvt Ltd., Bhagat Aromatics Limited, Aristo Pharmaceuticals Pvt. Ltd.
Amla Extract Market 2024 Key Insights:
• The amla extract market size is expected to see strong growth in the next few years. It will grow to $53.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Elevated Health Awareness Sparks Remarkable Growth In The Amla Extract Market
• Popularity Of Amla Caplets In The Market
• Asia-Pacific was the largest region in the amla extract market in 2023
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