About Echinacea Extract
Echinacea extracts are standard herbal extracts of the roots of Echinacea angustifolia DC and Echinacea pallida Nutt. The compounds found in Echinacea having around 20 alkamides, caffeic acid esters of a highly substituted glucose and cynarin, and acid derivative. Echinacea extracts are used to support the natural immune system, majorly in infection conditions in the nose and throat. It also used for the treatment of colds and flu and supportive treatment of infections of the ears. Echinacea extract should not be taken in the presence of autoimmune diseases such as tuberculosis, leucosis, collagenosis, multiple sclerosis, AIDS and HIV infection.
Attributes | Details |
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Study Period | 2018-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Echinacea extract market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Echinacea Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bioforce AG (China), Jamieson Laboratories (Canada), Xi’an Rainbow Biotech Co. Ltd (China), Shaanxi Jintai Biological Engineering Co., Ltd (China), Gonmisol (Spain), Euromed (Spain), Nutralion, Inc. (United States), NutraScience Labs (United States), Bio-Botanica, Inc. (United States) and Herbal Bio Solutions (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Echinacea Extract market by , Application (Food and Beverages, Pharmaceuticals, Ornamental, Beauty Products and Essential Oils) and Region.
On the basis of geography, the market of Echinacea 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). If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Echinacea Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Echinacea Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Gluten-Free will boost the Echinacea Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Supplies of Herbal Products over Online Sales Channels and Technology Advancement in Herbal Extract Procedure
Market Growth Drivers:
Growing Demand for Herbal Products and Growing Demand from the Healthcare Sector
Challenges:
Few Side Effects after Its Administrations
Restraints:
High Cultivation Cost
Opportunities:
Expansion of Herbal Healthcare Industry in Emerging Economies
Market Leaders and their expansionary development strategies
In November 2023, Sustainability Initiatives has entered into partnerships with environmental organizations were formed to promote sustainable sourcing and responsible cultivation of Echinacea plants.
In August 2023, Combination Products has launched Echinacea Extract was increasingly combined with other immune-supporting ingredients like Vitamin C, Zinc, and Elderberry in formulations aimed at boosting overall immune health.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Echinacea extract Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.