What is Chickweed Market?
Chickweed white-flowered plant which especially grows in spring, winter, and late autumn. It is mostly found in a few parts of North America and Europe. It contains herbal flavonoids which help to reduce weight and different types of ailments. Hence chickweed is widely used as in dietary supplement. The Chickweed market has high growth prospects owing to increasing demand from the beverage, pharmaceutical, cosmetics and personal care, dietary supplement, and animal feed industry. Further, increasing demand from developing economies is expected to drive the demand for the chickweed market over the forecasted period.
Highlights from Chickweed Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Buddha Teas (United States), Etsy, Inc. (United States), Bay Berry Bliss LLC. (Canada), Wild Carrot Herbals (United States), Chagrin Valley Soap & Salve Co. (United States), Local Harvest Inc. (United States), Corteva (United Kingdom) and Brooklyn Botanic Garden (United States) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen their market position and enhance product & service offerings. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Chickweed market throughout the forecasted period.
Buddha Teas (United States), Etsy, Inc. (United States), Bay Berry Bliss LLC. (Canada), Wild Carrot Herbals (United States), Chagrin Valley Soap & Salve Co. (United States), Local Harvest Inc. (United States), Corteva (United Kingdom) and Brooklyn Botanic Garden (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Beyond Pesticides (United States), Indigo Herbs Ltd (United Kingdom) and Green Roof Technology (United States). Chickweed Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Beverage, Pharmaceutical, Cosmetics And Personal Care, Dietary Supplement and Animal Feed |
Type | Tincture, Tea, Oil, Salve and Others |
Origin in Chickweed | Organic,Conventional |
Sales Channel | Direct,Indirect |
On the basis of geography, the market of Chickweed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications in the Dietary Supplement and Growing Online Distribution Channel for Chickweed Products
Market Growth Drivers:
Rising Demand for Natural Medicine and Supplements and Increasing Demand for the Herbal Skin Care Products
Challenges:
Lack of Awareness in the Low and Middle-Income Group Countries
Restraints:
Stringent Government Regulations Regarding Chickweed and Side Effect Such as Contact Dermatitis
Opportunities:
Growing Applications in the Personal Care Products and Increasing Demand from the Developing Economies
Key Target Audience
Chickweed Providers, Chickweed Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
Market Leaders & Development Strategies
In July 2022, Corteva is collaborating with the United States Agency for International Development (USAID) Feed the Future Ethiopia Alliance program with ACDI/VOCA, to help improve the productivity, income, and resilience of smallholder farmers in Ethiopia. Through the program, Corteva aims to increase the availability of drought-tolerant hybrid wheat and corn seeds and educate farmers on climate-friendly and sustainable agricultural practices.