Press release
Kratom Extract Market Growth Accelerates as Demand Rises in Wellness and Herbal Supplement Sectors
Kratom Extract Market SizeThe global market for Kratom Extract was valued at US$ 171 million in the year 2024 and is projected to reach a revised size of US$ 288 million by 2031, growing at a CAGR of 7.8% during the forecast period.
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The core manufacturers in global Kratom Extract market are MIT45, VivaZen and Happy Hippo, etc, accounting for 43% market share. MIT45 is the world's largest Kratom Extract manufacturer, occupying approximately 26% of the market share. From the perspective of product type, Liquid accounted for a share of 32% in the global Kratom Extract market. In terms of channel, Offline holds the largest share, accounting for 64% share.
By Type
• Powder
• Liquid
• Capsules
By Application
• Offline
• Online
Key Companies
VivaZen, MIT45, Kats Botanicals, Kratomade, DBZ Enterprises (K-Chill, Kryptic), Kraken Kratom, Super Speciosa, Kr8om, Happy Hippo
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