REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 3.2 billion | 36.8% | APAC |
by Form | By Type | By Application |
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SCOPE OF THE REPORT
Ashwagandha Extracts Market Overview
The Global Ashwagandha Extracts Market share is expected to grow at more than 36.8% CAGR from 2019 to 2028. It is expected to reach above USD 3.2 billion by 2028 from a little above USD 128 million in 2019.
Ashwagandha, a natural herb scientifically referred to as Withania somnifera and colloquially known as Indian ginseng, poison gooseberry, and winter cherry, has been utilized across various cultures since ancient times for its medicinal properties. Within the Indian Ayurvedic system, Withania somnifera is particularly esteemed as a Rasayana, or tonic, with a specific emphasis on its neurotonic qualities. Its applications extend to the treatment of diverse ailments such as cancer and diabetes. Extracts derived from ashwagandha have demonstrated efficacy in reducing blood glucose levels, enhancing cognitive function, and alleviating stress, thereby fostering a notable demand for this botanical commodity within the pharmaceutical sector.
The ashwagandha market is experiencing a pronounced upsurge, driven by escalating demand which serves as a primary impetus for its rapid expansion. This heightened demand is rooted in the herb’s extensive utilization within traditional Ayurvedic medicine, coupled with its burgeoning global popularity. Increased awareness regarding the health benefits associated with ashwagandha is a significant driver of its global demand, complemented by a growing preference among consumers for natural and herbal remedies. Notably, both pharmaceutical and nutraceutical industries are actively integrating ashwagandha into their products, augmenting market growth. The prevailing global inclination towards wellness practices and holistic health further bolsters the market, particularly due to ashwagandha’s recognized adaptogenic properties. With a widening consumer base encompassing traditional users and emerging adopters, the market continues to expand, buoyed by ongoing research and development endeavors aimed at broadening the scope of ashwagandha’s applications.
In parallel with medications like lorazepam, ashwagandha exhibits potential anxiolytic effects, suggesting its utility in managing anxiety and potentially serving as an adjunctive treatment for depression. Moreover, documented evidence suggests its possible efficacy in mitigating arthritic symptoms, further underlining its therapeutic versatility.
Ashwagandha Extracts Market Segment Analysis
On the basis of physical form, the Global Ashwagandha Extracts Market has been segmented into capsule, powder and liquid form. Ashwagandha extract capsule helps to improve the strength of the immune system to fight against infections. This capsule is an adaptogen herb which useful to support heart health, reproductive health and may reduce stress and anxiety. This is one of the main aspect responsible for propelling the growth of Global Ashwagandha extract Market.
Liquid is another form of Ashwagandha extract. This liquid is utilized as a tonic for health. The most prominent usage of ashwagandha liquid is for general debility and enhancing the immunity. It is beneficial for men as well as women. There high demand for this liquid because it useful for neural issues such as depression, dementia, etc. Ashwagandha powder is effective for variety of diseases like sleep disorder and stress and anxiety. Hence, the demand of powder is increased. This aspect is projected to boost the growth of Global Ashwagandha Extract Market in near future. Ashwagandha root powder also exerts free radical scavenging activity.
Ashwagandha extracts market can be classified on the basis of application such as, sport nutrition, dietary supplement and in food & beverages. Escalating ashwagandha extract demand in sport nutrition due to lifestyle changes both in the emerging countries as well as developed world will prompt the business growth over the forecast timespan. Dietary Supplement is extensively utilized over the globe. It can be beneficial for any age. Dietary supplement is available in various forms including pills, capsules, powders, gel capsules and tablets, extracts, or liquids.
Ashwagandha root has properties like antibacterial and antimicrobial. These properties provide protection from infection or acne to the skin. Ashwagandha is most useful content in face pack. It is used to treat the person who are suffering from anti-acne like pimples and blackheads, decreases scars, enhances skin tone and repairs inflammation.
Global Ashwagandha Extracts Market is segmented on the basis of its function type as, sleep deprivation, Stress & anxiety, weight loss and general health. Ashwagandha has been investigated in several human trials. It was associated with greater reductions in anxiety in adults presenting with predominately generalized anxiety disorder. It is also helpful in morning cortisol, creative protein, pulse rate, and blood pressure in chronically stressed adults. Ashwagandha is full of antioxidants that are essential for weight loss and overall well-being. These antioxidants increase metabolism, reduce inflammation, and aid in the burning of fat deposited in the body.
Several compounds present in ashwagandha are found to be responsible for its sleep-promoting effects. Researchers have proposed that the tri-ethylene glycol naturally present in the herb can be useful to bring on sleepiness. Stress has been linked to poorer sleep quality and excessive daytime sleepiness by most of the health research departments. If taking ashwagandha before bed helps to relax, it can be a way by which it offers better sleep.
Ashwagandha Extracts Market Key Players
The important companies in Global Ashwagandha extracts Market are, Naturalin Bio-Resources Co Ltd, Phyto Life Sciences P. Ltd, Quad Lifesciences Pvt. Ltd., IDEAL NATURAL EXTRACT, Taos Herb Company, Life Extension, Xian Sgonek Biological Technology Co. Ltd., Arjuna Natural Ltd., etc.
Market share of top companies is moderate and many suppliers are present in the market. Market is fragmented and good scope for mergers and acquisition is available.
Recent Developments
- In 2019, Carrubba INC. has started their partnership with Biesterfeld to distribute botanic and aromatic extracts in Brazil. This partnership aids the company to spreading their distribution network in the European region.
Ashwagandha Extracts Market Regional Analysis
Geographically, the Global Ashwagandha Extracts market is segmented into North America, South America, Europe, APAC and MEA. Asia Pacific region is witnessing the growth in market.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Ashwagandha Extracts Market Objectives of the Study
- To provide an overall view of the market.
- To detail out key pointers such as growth, market size, trends, drivers, restraints, challenges and opportunities in quantitative and qualitative terms
- To provide a holistic view of market players and their activities to get an understanding of key growth strategies adopted
Who Should Buy? Or Key stakeholders
- Investors
- Environment, Health and Safety Professionals
- Research Organizations
- Pharmaceutical Industry
- Regulatory Authorities
- Others
Key Question Answered
- What is the current market size of this high growth market?
- What is the overall growth rate?
- What are the key growth areas, applications, end uses and types?
- Key reasons for growth
- Challenges for growth
- What technological developments are happening in this area?
Key Market Segments: Ashwagandha Extracts Market
Ashwagandha Extracts Market by Form, 2019-2028, (IN USD Million)
- Capsule
- Powder
- Liquid
Ashwagandha Extracts Market By Type, 2019-2028, (IN USD Million)
- Immunity Health Market
- Sleep
- Stress And Anxiety
- Weight Loss
- General Health
Ashwagandha Extracts Market By Application, 2019-2028, (IN USD Million)
- Dietary Supplements
- Food And Beverages
- Sports Nutrition
Ashwagandha Extracts Market By Region, 2019-2028, (IN USD Million)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Important countries in all regions are covered (Total country profiles 25)
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- REGIONS COVERED
- REPORT TIMLINES
- KEY STAKEHOLDERS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT MATTER EXPERT ADVICE
- QUALITY CHECK
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA MINING
- EXECUTIVE SUMMARY
- INTRODUCTION
- US ASHWAGANDHA EXTRACT MARKET BY FORM
- US ASHWAGANDHA EXTRACT MARKET BY TYPE
- GLOBAL ASHWAGANDHA EXTRACT MARKET BY APPLICATION
- GLOBAL ASHWAGANDHA EXTRACT MARKET BY REGION
- MARKET OVERVIEW
- DRIVERS
- MEDICINAL BENEFITS OF ASHWAGANDHA PLANT
- INCREASED SPENDING ON HERBAL SUPPLEMENTS
- MARKET RESTRAINTS
- ADULTERATION OF ASHWAGANDHA
- MARKET OPPORTUNITIES
- INCREASING GERIATRIC POPULATION
- IMPACT OF COVID-19 ON THE MARKET
- DRIVERS
- GLOBAL ASHWAGANDHA EXTRACT MARKET, BY GEOGRAPHY
- INTRODUCTION
- NORTH AMERICA
- Branded and Crude Ashwagandha
- ASIA PACIFIC
- EUROPE
- NORTH AMERICA
- INTRODUCTION
- US ASHWAGANDHA EXTRACT MARKET, BY FORM
- CAPSULE
- LIQUID
- POWDER
- US ASHWAGANDHA EXTRACT MARKET, BY APPLICATION
- SPORTS NUTRITION
- DIETARY SUPPLEMENTS
- OTHERS
- US HEALTHCARE MARKET OVERVIEW
- STRESS AND ANXIETY
- WEIGHT LOSS
- SLEEP DEPRIVATION
- GENERAL HEALTH
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LIST OF TABLES
TABLE 1Â GLOBAL ASHWAGANDHA EXTRACTS MARKET BY REGION (TONNES), 2019-2028
TABLE 2Â GLOBAL ASHWAGANDHA EXTRACTS MARKET BY REGION (USD MILLION), 2019-2028
TABLE 3Â US ASHWAGANDHA EXTRACTS MARKET BY FORM (TONNES), 2019-2028
TABLE 4Â US ASHWAGANDHA EXTRACTS MARKET BY FORM (USD MILLION), 2019-2028
TABLE 5Â US ASHWAGANDHA EXTRACTS MARKET BY APPLICATION (TONNES), 2019-2028
TABLE 6Â US ASHWAGANDHA EXTRACTS MARKET BY APPLICATION (USD MILLION), 2019-2028
TABLE 7Â US ASHWAGANDHA EXTRACTS MARKET BY TYPE (TONNES), 2019-2028
TABLE 8Â US ASHWAGANDHA EXTRACTS MARKET BY TYPE (USD MILLION), 2019-2028
LIST OF FIGURES
FIGURE 1Â MARKET SEGMENTATION
FIGURE 2Â REPORT TIMLINES: YEARS CONSIDERED
FIGURE 3Â DATA TRIANGULATION
FIGURE 4Â BOTTOM-UP APPROACH
FIGURE 5Â TOP-DOWN APPROACH
FIGURE 6Â RESEARCH FLOW
FIGURE 7Â US ASHWAGANDHA EXTRACT MARKET BY FORM, USD MILLION, 2019-2028
FIGURE 8Â US ASHWAGANDHA EXTRACT MARKET BY TYPE, USD MILLION, 2019-2028
FIGURE 9Â GLOBAL ASHWAGANDHA EXTRACT MARKET BY APPLICATION, USD MILLION, 2019-2028
FIGURE 10Â GLOBAL ASHWAGANDHA EXTRACT MARKET BY REGION, USD MILLION, 2019-2028
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