The Herbal Extract in Nutraceuticals Market is worth $3.37 Billion in 2022 and is estimated to grow at a CAGR of 6.2% in the forecasted period. The forecasted revenue hints at around $5.14 billion in growth by 2029.
Herbal Extract in Nutraceuticals Market Overview:
This Herbal Extract in Nutraceuticals Market study looks at current and emerging industry trends and dynamics in the global Herbal Extract in Nutraceuticals Market. Herbal Extract in Nutraceuticals Extensive Market forecasting for the major Market segments is carried out between 2021 and 2027. Extensive Herbal Extract in Nutraceuticals Market analysis is carried out by closely monitoring key product positions and the main competitors in the Market framework. To understand the competitive landscape of the worldwide Herbal Extract in Nutraceuticals Market, key players are profiled and their strategies are thoroughly evaluated.
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Market Scope:
The analysis contains a current examination of the present Herbal Extract in Nutraceuticals Market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Market environment. Increased demand for Herbal Extract in Nutraceuticals is driving the Market. The Market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
Market segmentation for herbal extract in nutraceuticals, according to nature
The two primary categories of herbal extract in the nutraceuticals market are organic and conventional. The majority of sales have been in the organic food category. Due to worries about the safety of conventional food, the effects of conventional agriculture on the environment, and the health benefits of organic food, consumers are demanding more and more organic food. Additionally, among the two, organic food has demonstrated the highest CAGR, signalling further expansion of this market.
Market Segmentation for Herbal Extract in Nutraceuticals, Based on Extraction Method
The three main extraction methods for herbal extract in the nutraceuticals market are solvent extraction, SCFE, and spray drying. The market share of solvent extraction is the biggest of the three, and it also has a promising future. The other two techniques for extracting herbal extracts don’t need any solvents. This indicates that the extracts are free of any hazardous solvents, making them safer for intake by people. The SCFE and Spray dried have seen strong growth and are poised to take a bigger market share.
Market Segmentation for Herbal Extract in Nutraceuticals, By Form
The two most common types of herbal extract in the nutraceuticals market are powder and liquid. Customers choose powder because it may be utilised in a wide range of products, including dietary supplements, food and beverages, personal care items, and medications. Power hence has a larger market share than liquid, which supports the industry’s continued expansion.
1. Market Size and Forecast, by Nature (2022-2029)
1. Organic
2. Conventional
2. Market Size and Forecast, by Extraction Process (2022-2029)
1. Solvent extraction
2. SCFE
3. Spray Dried
3. Market Size and Forecast, by Form (2022-2029)
1. Powder
2. Liquid
4.Market Size and Forecast, by Type (2022-2029)
1. Cinnamon Extract
2. Fenugreek Extract
3. Amla Extract
4. Tulsi Extract
5. Onion Extract
Key Players:
The Market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide Market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the Market’s major influencing factors, as well as complete company profiles of
1. Himalaya Drug Company (India)
2. Organic India (India)
3. Kotra Pharma (Malaysia)
4. Shanghai Herbary Biotechnology Co., Ltd. (China)
5. Sun Ten Pharmaceutical Co., Ltd. (Taiwan)
6. Eu Yan Sang (Singapore)
7. TSI Group Ltd. (China)
8. Blackmores Limited (Australia)
9. Herbalife Nutrition Ltd. (United States)
10. Nature’s Bounty Co. (United States)
11. Nutraceutical Corporation (United States)
12. Herb Pharm (United States)
13. MediHerb (United States)
14. Nature’s Sunshine Products (United States)
15. Gaia Herbs Professional Solutions (United States)
16. Nature’s Answer (United States)
17. Swanson Health Products (United States)
18. New Chapter (United States)
19. Planetary Herbals (United States)
20. Solaray (United States)
21. Pure Encapsulations (United States)
22. Herb Pharm Professional (United States)
23. MegaFood (United States)
24. Vital Nutrients (United States)
25. Bach Flower Remedies Ltd. (United Kingdom)
Regional Analysis:
Individual Market influencing variables and changes in Market laws that impact present and future Market trends are also included in the regional segment of the Market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate Market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Market:
The COVID-19 epidemic has had a significant impact on the global Herbal Extract in Nutraceuticals industry. Herbal Extract in Nutraceuticals Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Market to decelerate in 2020. The negative impact of COVID-19 on the Market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Herbal Extract in Nutraceuticals.
Key Questions Answered in the Market Report are:
- Which segment was responsible for the largest share in the Market?
- How was the competitive scenario of the Market in 2020?
- Which are the key factors responsible for the Market growth?
- Which region held the maximum share in the Market in 2020?
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