Ashwagandha Extract Market 2024 Poised to Dominate Competitors with Exceptional Revenue Growth

Explore the Report Ocean publication titled ‘Ashwagandha Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Ashwagandha Extract Market:

Global Ashwagandha Extract Market is valued at approximately USD 0.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2022-2029. Ashwagandha also known as Indian Ginseng is a herb native to Asia and Africa. Ashwagandha extract is made with its roots and leaves.

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Ashwagandha contains Sitoindosides and acylsterylglucosides which are said to be anti-stress agents. Consumption of Ashwagandha offers various health benefits such as, boosting testosterone levels in men, improving memory, lowering blood sugar and fat, increasing muscle strength, relieving stress & anxiety and preventing insomnia among others. Moreover, large consumption of Ashwagandha can cause several side effects such as cause stomach upset, diarrhoea, and vomiting among others. The increasing consumption of dietary supplements and growing demand for nutritional & medical benefits of ashwagandha as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing consumption of healthcare supplements worldwide is contributing to the growth of the Global Ashwagandha Extract market. For instance, according to Statista – in 2021, the global dietary supplement market was valued at USD 137 billion, and the market is forecast to grow to USD 185.1 billion by 2025. Also, growing penetration of e-commerce platforms and rising number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, high costs and side effects associated with Ashwagandha extract impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ashwagandha Extract Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading region in terms of global market share owing to the increasing consumption of herbal supplements and increasing penetration of e-commerce platforms in the region. Whereas North America is expected to grow at the highest growth rate during the forecast period, owing to factors such as rising number of health-conscious individuals as well as increasing penetration of leading market players in the region.

Major market players included in this report 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
Unilever PLC

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Recent Developments in the Market:

In Oct 2022, Switzerland based Flavor and fragrance company Givaudan launched its new ashwagandha infusion. The liquid extract enables easier formulation, and it is intended for use with functional foods and beverages.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Form

• Powder
• Capsules/Tablets
• Others

By Application

• Sports Nutrition
• Food and Beverages,
• Dietary Supplements
• Others

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By Distribution Channel

• Business to Business
• Business to Consumer

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Ashwagandha Extract Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Ashwagandha Extract market.

– Make informed decisions supported by robust historical and forecast data for the Ashwagandha Extract market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Ashwagandha Extract market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Ashwagandha Extract market?

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