Press release
Echinacea Extract Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Echinacea Extract
The growing demand for dietary supplements is expected to propel the growth of the echinacea extract market. As more consumers focus on maintaining their health and preventing illness, the demand for dietary supplements has surged. Echinacea extract, known for its immune-boosting properties, is commonly used in supplements to help reduce the duration of colds and respiratory infections. According to a 2023 survey by the Council for Responsible Nutrition, 74% of U.S. adults were taking dietary supplements, and confidence in the quality of sports nutrition and weight management supplements had risen. As interest in preventive health measures continues to rise, the demand for echinacea extract will also increase, contributing to the market's growth.
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What Is the projected market size and growth rate for the echinacea extract market?
The echinacea extract market has expanded rapidly in recent years. It is projected to grow from $2.02 billion in 2024 to $2.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.7%. The historical growth has been driven by increasing consumer interest in natural remedies, heightened awareness of health benefits, rising demand for dietary supplements, the expansion of the herbal medicine market, increased research and development efforts, and greater availability of echinacea extract products.
The echinacea extract market is expected to witness strong growth in the near future. It is forecasted to reach $3.48 billion by 2029, expanding at a CAGR of 11.4%. Factors contributing to this growth include the increasing trend toward preventive healthcare, growing use of echinacea in skincare products, expanding applications in pharmaceuticals, rising demand for organic products, increasing disposable income, and the growing impact of social media marketing. Prominent trends during the forecast period involve the expansion of e-commerce and online retail channels, the introduction of innovative echinacea-based formulations, advancements in extraction and processing technologies, and the integration of echinacea extract in beauty and cosmetic products.
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What new trends are reshaping the echinacea extract market and its opportunities?
In the echinacea extract market, companies are focusing on anti-aging skin care technology derived from echinacea to reduce wrinkles and boost skin plumpness. For example, in March 2024, Biocogent LLC launched Volpura EPO, an echinacea extract that stimulates fat production and enhances skin firmness, addressing signs of aging. This technology can be used in various personal care products like lipsticks and lip glosses.
What major market segments define the scope and growth of the echinacea extract market?
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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Which region dominates 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.
Which key market leaders are driving the echinacea extract industry growth?
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
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What Is Covered In The Echinacea Extract Global Market Report?
•Market Size Forecast: Examine the echinacea extract market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the echinacea extract market for a structured understanding.
•Key Players Overview: Analyze major players in the echinacea extract market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the echinacea extract market.
•Segment Contributions: Evaluate how different segments drive overall growth in the echinacea extract market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the echinacea extract market.
•Industry Challenges: Identify potential risks and obstacles affecting the echinacea extract market.
•Competitive Landscape: Review strategic developments in the echinacea extract market, including expansions, agreements, and new product launches.
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