Insights Into The Ashwagandha Extract Market’s Growth Opportunities Through 2023-2032 – Includes Ashwagandha Extract Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The rising demand for ayurvedic pharmaceuticals is likely to spur innovation in ashwagandha extract production, propelling the market during the forecast period.
The global ashwagandha extract market is expected to grow from $0.58 billion in 2022 to $0.65 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The global ashwagandha extract market size is expected to reach $1.01 billion in 2027 at a CAGR of 11.5%.
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Global Ashwagandha Extract Market Segments Include:
- By Type: Immunity Health, Stress And Anxiety, Weight Loss, General Health
- By Form: Powder, Capsules Or Tablets, Other Forms
- By Distribution Channel: Business To Business, Business To Consumer
- By Application: Sports Nutrition, Food And Beverages, Dietary Supplements, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global ashwagandha extract market in 2021.
Major Market Players in the ashwagandha extract market include Taos Herb Company, Phyto Life Sciences P. Ltd., Quad Lifesciences Pvt. Ltd., Ideal Natural Extract, Life Extension, Arjuna Natural Ltd., Sabinsa Corp, Naturalin Bio-Resources Co Ltd.
Product innovation is a key trend that is gaining traction in the ashwagandha extract market. Major players in the ashwagandha extract market are focusing on finding innovative solutions to expand their market share. Nutriventia, an India-based health and wellness company, for example, developed a sustained-release Prolanza ashwagandha in September 2022. Prolanza, a new-age Ashwagandha root-only extract, provides all-day stress relief. Prolanza’s novel release pattern allows it to provide clinical advantages for an extended period of time with a single daily dose.
The Ashwagandha Extract Global Market Report 2023 provides a ashwagandha extract market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ashwagandha extract market forecast analyzes ashwagandha extract market size, ashwagandha extract market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Adaptogens are plant-based chemicals, such as herbs, that aid the human body in dealing with stress, anxiety, exhaustion, and overall well-being. Adaptogens are ingested as tinctures or added to food or beverages.
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