Press release
Emerging Echinacea Extract Market Trend 2025-2034: Revolutionary Anti-Aging Technology Enhances Skin Plumpness And Firmness With Echinacea Extract
How Is the Echinacea Extract Market Projected to Grow, and What Is Its Market Size?The market for echinacea extract has seen a swift expansion in recent times. Projected to scale up from $2.02 billion in 2024 to $2.25 billion in 2025, it's growing at a compound annual growth rate (CAGR) of 11.7%. The boom in the preceding years is linked to a rising trend in consumer interest towards natural cures, amplified cognizance of the health advantages, surge in the demand for dietary supplements, the growth of the herbal medicine market, an upsurge in research and development undertakings, and a greater availability of echinacea extract products.
Anticipated to witness a swift upsurge in the coming years, the echinacea extract market is forecasted to reach a valuation of $3.48 billion by 2029, with an 11.4% compound annual growth rate (CAGR). This expected increase during the forecast period is propelled by the mounting inclination towards preventive healthcare, burgeoning use of echinacea in skincare commodities, broader incorporation in pharmaceuticals, rising demand for organic products, escalating disposable income, and the growing impact of social media promotion. Prime trends predicted during the forecast period comprise the expansion of e-commerce and web-based retail outlets, the innovation of novel echinacea-centric formulas, the evolution of new extraction and processing methodologies, and the integration of echinacea extract in beauty and cosmetic products.
What Are the Key Drivers Behind the Growth of the Echinacea Extract Market?
The rising need for nutritional enhancements is anticipated to fuel the echinacea extract industry's progress. Such enhancements are developed to fortify the diet by offering concentrated forms of vital nutrients like herbs, minerals, vitamins, and amino acids. The surge in this requirement is primarily a result of growing health awareness and individuals' interest in prophylactic health actions. Echinacea extract plays a crucial role in nutritional supplements by bolstering the immune system and mitigating the time span of colds and other respiratory infections. For instance, a survey conducted by the Council for Responsible Nutrition in October 2023, involving 3,192 adults, revealed that 74% of U.S adults consume dietary supplements. Furthermore, consumer confidence in the quality of sports nutrition enhancements rose by 5% points to 66% compared to 2022, and confidence in the weight control category has also climbed by 4% points to 56% from 2022. Hence, the escalating demand for nutritional supplements is expected to boost the echinacea extract market's growth.
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Who Are the Major Industry Players Fueling Echinacea Extract Market Expansion?
Major companies operating in the echinacea extract market are Symrise AG, Nature's Bounty Inc., Dr. Willmar Schwabe GmbH & Co. KG, Nature's Way Products LLC, Jamieson Wellness Inc., NOW Foods Inc., Indena S.p.A., Schwabe North America Inc., Gaia Herbs Inc., Integria Healthcare Pty Ltd., Bio-Botanica Inc., Traditional Medicinals Inc., Solgar Inc., Bluebonnet Nutrition Inc., Herb Pharm LLC, Jarrow Formulas Inc., Oregon's Wild Harvest Inc., Martin Bauer Group, Nutralion Inc., Gonmisol Inc., Solaray Inc., Sambucol Ltd
Which Key Developments Are Influencing the Echinacea Extract Market?
Echinacea extract market's major players are concentrating on creating herbal remedies and echinacea products, such as anti-aging skincare mechanisms, to enhance skin firmness and plumpness while reducing wrinkles and sagging. They hope to achieve this by utilizing skin plumping technology derived from echinacea extracts, designed to stimulate fat production and thereby reduce aging signs. For example, in March 2024, Biocogent LLC, a company based in the US specializing in personal care and cosmetic products, introduced Volpura EPO. This technology, crafted from Echinacea purpurea extract, aims to battle aging signs by boosting the skin's natural plumping mechanisms and addressing sagging and wrinkles from within, contributing to a plumper, younger look. It operates by triggering adipocytes (fat cells) and amplifying fat production up to fivefold through the activation of PPAR-?, adipogenesis' primary regulator, leading to enhanced plumpness and firmness. With the ability to remain stable at temperatures up to 85°C, Volpura EPO can be easily integrated into hot pour and hot cast items, including lip balms, lip glosses, and lipsticks.
How Is the Segmentation of the Echinacea Extract Market Defined?
The echinacea extractmarket covered in this report is segmented -
1) By Type: Reagent Grade, Food Grade, Medical Grade, Other Types
2) By Echinacea Extract Form: Liquid, Capsule, Powder
3) By Application: Medicine, Food And Beverages, Dietary Supplements, Ornamental, Beauty Products, Essential Oils, Other Applications
4) By Distribution Channel: Online Stores, Retail Stores, Hypermarket Or Supermarket, Herbal Specialty Stores
Subsegments:
1) By Reagent Grade: Purity Levels, Packaging Sizes
2) By Food Grade: Liquid Extracts, Powdered Extracts, Capsules And Tablets
3) By Medical Grade: Herbal Tinctures, Standardized Extracts, Topical Formulations
4) By Other Types: Cosmetic Grade, Veterinary Grade, Specialty Formulations
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What Is the Leading Region in the Echinacea Extract Market?
North America was the largest region in the echinacea extract market in 2024. The regions covered in the echinacea extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Echinacea Extract Global Market Report?
- Market Size Analysis: Analyze the Echinacea Extract Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Echinacea 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 Echinacea Extract Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Echinacea Extract Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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