What is Ashwagandha Extract Market?
Ashwagandha is an adaptogen, a plant commonly used in alternative medicine that is believed to help the body deal with different kinds of stress. The root, leaves, and seeds of this shrub have a long history of use in Ayurvedic, Indian, and African traditional medicine. The plant used as a treatment for a wide range of health conditions and modern research is finding evidence to support some of these uses. Ashwagandha extracts made from the root of the plant, the leaves, or a combination of the two. The roots are considered the best source of these health-boosting compounds.
Highlights from Ashwagandha Extract Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Arjuna (India), Phyto Life Sciences (India), Xi'an Sgonek Biological Technology (China), Ideal Natural Extract (India), Naturalin Bio-Resources Co., Ltd (China), Life Extension (United States), Jarrow Formulas (United States), NOW Foods (United States), Solgar (United States), Piping Rock (United States) and Swanson Health Products (United States) |
The manufacturers are exploring the market opportunities by investing in the new geographical region, enhancing the product portfolio, and in other business growth strategies. The market operation players are heavily investing in technology development in packaging to improve the product life cycle.
Arjuna (India), Phyto Life Sciences (India), Xi'an Sgonek Biological Technology (China), Ideal Natural Extract (India), Naturalin Bio-Resources Co., Ltd (China), Life Extension (United States), Jarrow Formulas (United States), NOW Foods (United States), Solgar (United States), Piping Rock (United States) and Swanson Health Products (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Quad Lifesciences Pvt Ltd (India) and Shaanxi Jiahe Phytochem Co., Ltd. (China). Ashwagandha Extract Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Sports Nutrition, Food & Beverages, Dietary Supplements and Other |
Source | Root,Leaves,Others |
Extract Percentage | Ashwagandha Extract 1.5%,Ashwagandha Extract 2.5%,Ashwagandha Extract 5%,Other |
Form | Capsule,Liquid,Powder,Others |
Distribution Channel | Online,Offline |
On the basis of geography, the market of Ashwagandha Extract 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 Demand from the Pharmaceuticals Industry Globally
Market Growth Drivers:
Rising Demand as Ayurvedic Medicine Used for Treating Variety of Health Conditions and increasing consumer awareness and increasing trust in herbal/botanical supplements
Challenges:
Inadequate Supply of Raw Materials
Restraints:
Increased Cost of Production due to Storage and Refrigeration
Opportunities:
Technological Advancement and Development in the Production of the Cactus Extract and Growth in R&D Activities
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Ashwagandha Extract Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Market Leaders & Development Strategies
In February 2023, Thorne HealthTech Inc. announced the acquisition of a formulation partner bringing brain health supplements to market. Thorne and PreCon collaborated on the development of two brain health formulas to protect the brain from traumatic injuries and help individuals who have already suffered such injuries.
In April 2018, A company called Arjuna Natural Ltd. (Kerala, India) is launching a new, all-natural, “high-potency” ashwagandha (Withania somnifera) extract. According to the company, the Shoden ashwagandha extract is standardized to contain more than 35% glycowithanolides, which the firm said are the most active components in ashwagandha.