Ashwagandha Extract Market By Form (Powder, Capsules/Tablets, Others), By Application (Sports Nutrition, Food and Beverages, Dietary Supplements, Others), By Distribution Channel (Business to Business, Business to Consumer): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global ashwagandha extract market size was valued at $864.3 million in 2021 and is estimated to reach $2,504.6 million by 2031, registering a CAGR of 11.4% from 2022 to 2031.
Ashwagandha, sometimes referred to as Indian ginseng, is recommended as a daily rasayana, or anti-aging supplement in Ayurveda. One of the most revered and popular Ayurvedic herbs; it is believed to improve energy as well as general health and longevity. It functions as an adaptogen by supporting immune function levels that are already within a normal range and by replenishing and bolstering the internal reserve of the body. It supports thyroid function, the function of the immune system, and the health of the brain.
Chemicals in ashwagandha may aid to lower blood pressure, relax the brain, reduce edoema, and affect the immune system. Ashwagandha is a classic adaptogen used to cure variety of stress-related ailments. Adaptogens are said to aid the body's ability to withstand both physical and mental stress. Ashwagandha herb's roots and leaves offer a variety of therapeutic uses. It is used to treat a variety of diseases, particularly as a nervine tonic made from herbal extracts or powders. Ashwagandha is a medicinal herb that aids in the treatment of numerous illnesses, including diabetes, cancer, and others. The Ashwagandha extract is excellent for lowering blood sugar levels, enhancing brain function, improving concentration, and relieving stress. Ashwagandha extract is therefore in high demand in the pharmaceutical industry.
According to the ashwagandha extract market analysis, the ashwagandha extract market is segmented into form, application, distribution channel and region. On the basis of form, the market is categorized into powder, capsules/tablets and others. On the basis of application, it is segmented into sports nutrition, food and beverages, dietary supplements and others. On the basis of distribution channel, it is segregated into business to business and business to consumer. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and New Zealand, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey and Rest of LAMEA).
Region wise, LAMEA has gained considerable share in ashwagandha extract and is expected grow at highest CAGR. The demand for ayurvedic medications to treat a variety of health conditions, including as constipation, arthritis, stress, diabetes, insomnia, and gastrointestinal problems, is likely to increase the demand for ashwagandha extract. The major players operating in the market are The Himalaya Drug Company, Dabur India Ltd., Emami Limited, Kairali Ayurvedic Group, P&G, Patanjali Ayurved Limited, Kerry Group PLC, Shree Baidyanath Ayurveda Bhawan Pvt. Ltd., Taos Herb Company and Unilever PLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ashwagandha extract market analysis from 2021 to 2031 to identify the prevailing ashwagandha extract market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ashwagandha extract market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ashwagandha extract market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Food and Beverages
By Distribution Channel
Business to Business
Business to Consumer
Rest Of Europe
Australia And New Zealand
Rest Of Asia-Pacific
Rest Of LAMEA
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