Press release
Kava Root Extract Market - Surging Demand from Pharmaceutical Industry Fuelling Market Growth Towards $2.84 billion by 2029
Kava Root Extract Market Size
What Is The Projected Market Size Of The Global Kava Root Extract Market And Its Growth Rate?
•Market Size 2024: $1.37 billion
•Market Size 2025: $1.59 billion (16.4% CAGR)
•Factors Affecting Growth: Traditional and cultural use, stress and anxiety management, pharmaceutical and nutraceutical applications, herbal remedies market growth, ethnobotanical research and awareness
•Market Size 2029: $2.84 billion (15.5% CAGR)
•Factors Affecting Forecast Period: Growing natural remedies market, expansion of functional beverages, regulatory framework development, e-commerce and global accessibility, increased focus on mental health
What Is Driving The Growth In The Kava Root Extract Market?
The escalating demand from the pharmaceutical industry is spurring the growth of the kava root extract market. The industry's focus on producing and selling medicines incorporates the use of kava root extract for treating anxiety, insomnia, and related mental illnesses. It is also used for stress and anxiety relief as well as sleep enhancement. The European Federation of Pharmaceutical Industries and Associations reported an increase of approximately 4.95% in total pharmaceutical production in Europe, contributing to the rising demand from pharmaceuticals for kava root extract.
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Who Are the Key Players Driving Kava Root Extract Market Growth?
•NOW Health Group Inc.
•Natrol LLC
•Gaia Herbs Inc.
•Mountain Rose Herbs
•Natural Factors Nutritional Products Ltd.
•Bolise Co. Limited
•Herb Pharm LLC
•Nature's Answers Inc.
•Botanic Healthcare Pvt. Ltd.
•LifeSeasons Inc.
•Oregon's Wild Harvest
•Kona Kava Farms
•Fiji Kava Australia Ltd
•Muddy Waters Kava Inc.
•Taos Herb Company
•Monsoon Beverages LLC
•Pure Mountain Botanicals
•Pacific Island Kava LLC
•Root Of Happiness
•Best Nutrition Products Inc.
•Kavafied LLC
•Botany Evolution LLC
•Electic Institute
•Kava Kauai
•Kava King Products Inc.
•Kalm with Kava
What Are The Key Trends In The Kava Root Extract Market?
•Innovations in delivery formats
•Clinical research and validation
•Integration with lifestyle products
•Collaborations with wellness brands
•Focus on cognitive health
What Are The Segments Of The Global Kava Root Extract Market?
•By Type: Kava Root Powder Extract, Kava Root Liquid Extract
•By Nature: Organic, Conventional
•By Application: Food And Beverage, Cosmetics And Personal Care, Pharmaceuticals, Other Applications
Which Region Leads The Kava Root Extract Market?
In 2024, North America dominated the kava root extract market, with anticipated rapid growth in the Asia-Pacific region in the forecast period. The market analysis covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Kava Root Extract Market Global Market Report?
- Market Size Analysis: Analyze the Kava Root Extract Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Kava Root Extract Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Kava Root Extract Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Kava Root Extract Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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