Kava Root Extract Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰-
The global kava root extract market size was valued at USD 1.38 billion in 2023 and is projected to grow from USD 1.61 billion in 2024 to USD 5.45 billion by 2032, exhibiting a CAGR of 16.47% during the forecast period. The growing acceptance of herbal extracts infused non-alcoholic beverages, coupled with the rising functional food consumption, is estimated to favor the market's expansion. Fortune Business InsightsTMhas presented this information in its report titled, "Kava Root Extract Market, 2024-2032".
Additionally, the swiftly expanding supplements industry and the increasing kava root extract incorporation in the pharmaceutical industry are anticipated to bolster the market's expansion.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/kava-root-extract-market-103694
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬-
• Botanic Healthcare (India)
• NOW Health Group Inc. (U.S.)
• Gaia Herbs Inc. (U.S.)
• Root of Happiness (U.S.)
• LifeSeasons, Inc. (U.S.)
• Natural Factors Nutritional Products Ltd. (U.S.)
• Best Nutrition Product, Inc. (U.S.)
• Fiji Kava Australia Ltd. (Australia)
• Kona Kava Farm (U.S.)
• Nutragreenlife Biotechnology Co., Ltd. (China)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬-
𝐊𝐚𝐯𝐚 𝐑𝐨𝐨𝐭 𝐏𝐨𝐰𝐝𝐞𝐫 𝐒𝐞𝐠𝐦𝐞𝐧𝐭'𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐭𝐨 𝐀𝐦𝐩𝐥𝐢𝐟𝐲 𝐃𝐮𝐞 𝐭𝐨 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐃𝐢𝐞𝐭𝐚𝐫𝐲 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬
On the basis of product type, the market is bifurcated into kava root liquid extract and kava root powder extract. The wide utilization of kava root powder in dietary supplements and personal care industry propels the segment's growth.
𝐇𝐮𝐠𝐞 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐚𝐬 𝐂𝐞𝐫𝐞𝐦𝐨𝐧𝐢𝐚𝐥 𝐃𝐫𝐢𝐧𝐤 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐭𝐡𝐞 𝐅𝐨𝐨𝐝 & 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭
On the basis of end-user, the market is fragmented into cosmetics and personal care products, pharmaceuticals, and food & beverage. The rising incorporation of plant-based extracts is projected to bolster the food & beverage segment's growth.
Geographically, the market is classified into New Zealand, Australia, Tonga, U.S., Vanuata, Fiji, and the Rest of the World.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/kava-root-extract-market-103694
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞-
• It includes insights into various segments of the market.
• It showcases and explains in detail the latest key industry developments.
• It presents a thorough analysis of the coronavirus pandemic.
• It assimilates the crucial drivers and restraints of the market's expansion.
• It highlights the market's growth analyzed and estimated across various geographies.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬-
𝐒𝐰𝐢𝐟𝐭𝐥𝐲 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The swiftly expanding supplements industry due to a sharp increase in supplements consumption by the geriatric population is projected to invigorate growth for the market. Additionally, the rising consumption of functional foods is expected to aid the market's expansion due to the thriving demand for kava in functional beverages and foods. The mounting admiration of herbal extracts-infused non-alcoholic beverages due to rapidly increasing health awareness is predicted to complement the market's expansion.
Moreover, the growing consumption and demand for these extracts by the pharmaceutical industry due to their therapeutic and relaxing properties is anticipated to favor the kava root extract market growth.
However, low market penetration may restrain the market's expansion during the forecast period.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-
𝐇𝐢𝐠𝐡 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐊𝐚𝐯𝐚 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐅𝐢𝐣𝐢
Fiji is a huge producer and consumer of kava root extracts. The country is predicted to attain a humongous global kava root extract market share as it is a major producer of these extracts and the favorable initiatives for unemployed rural individuals and farmers are projected to bolster the market's expansion in Fiji.
Vanuatu is predicted to showcase ample growth in the forthcoming years. The rising demand for nutritional supplements, urbanization, a surge in women kava drinkers, and an ever-increasing populace are a few factors expected to stimulate growth in the country.
The evolving consumption patterns are predicted to escalate product consumption and flourish in growth in the U.S.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/kava-root-extract-market-103694
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞-
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐔𝐧𝐯𝐞𝐢𝐥 𝐍𝐞𝐰 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬 𝐭𝐨 𝐄𝐬𝐜𝐚𝐥𝐚𝐭𝐞 𝐭𝐡𝐞𝐢𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬
The major players operating in the market emphasize upgrading their current product portfolios by incorporating advanced technologies to enhance their offerings. The major market players adopt ingenious strategies, including contracts, acquisitions, mergers, collaborations, and others to amplify their growth prospects. For instance, a pre-packaged kava drink, Drink Leilo, was launched in the U.S. in March 2020.
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭-
𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒: Branded Legacy, Inc. invested in the research and development of new procedures to produce Kavalactones. Improvement in the extraction of Kavalactones will help the company launch new kava extract-based health and wellness products in the market.

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This release was published on openPR.