Industry Background:
Chamomile (Matricaria recutita L.), commonly known as German chamomile, is an important medicinal and aromatic plant. The plant belongs to the daisy (Asteraceae) family and the flowers have a characteristic herbaceous fragrance. The flowers are actually not individual flowers but inflorescences. Chamomile is recommended in several disease conditions of the different body parts, such as those of the head and brain, eyes, ears, throat, teeth, and stomach. It is also used to treat pregnancy-related ailments. Specific conditions of women and infants are also treated using chamomile.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Arjuna Natural Extracts Ltd (India), New Zealand Extracts Ltd (New Zealand), Kemin Industries (United States), The Pharmaceutical Plant Company (Australia), Afriplex (South Africa), Crown Iron Works Company (United States), Changsha Vigorous-Tech Co., Ltd. (China), Gehrliche (Germany), Ampak Company, Inc (New York) and Nutra Canada (Canada) |
This growth is primarily driven by The Growing Health Consciousness Among Consumers and High Demand due to the Hectic & Busy Life Schedule of Industry Professionals.
Globally, a noticeable market trend is evident Introduction as use in Relaxing Sleep Aid
The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Arjuna Natural Extracts Ltd (India), New Zealand Extracts Ltd (New Zealand), Kemin Industries (United States), The Pharmaceutical Plant Company (Australia), Afriplex (South Africa), Crown Iron Works Company (United States), Changsha Vigorous-Tech Co., Ltd. (China), Gehrliche (Germany), Ampak Company, Inc (New York) and Nutra Canada (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of a competitive advantage through combined collaborations.
In 2018, Arjuna Natural Extracts Ltd has introduced X-tend, a complete, natural, formulation-specific preservative designed to increase the shelf-life of chilled-meat products and ensure food safety.
Regulatory Insights:
"Several countries have laws in place to regulate the manufacture and marketing of and herbal medicines. A study by the WHO in 2005 revealed that 53 countries had regulations related to traditional medicine (WHO 2005). The Food and Drugs Act, 2003, Compendium of pharmaceuticals and specialties, Canadian drug reference for health professionals, Compendium of Nonprescription Products, United States Pharmacopoeia, Herbal medicines, Expanded Commission E Monographs, ESCOP Monographs, WHO Monographs, Pharmacopoeia of the People’s Republic of China, Physicians’ Desk Reference for Herbal Medicines, British Herbal Compendium, and British Herbal Pharmacopoeia, GMP."
Influencing Trend:
Introduction as use in Relaxing Sleep Aid and Growing Demand for Organic Cosmetic
Market Growth Drivers:
The Growing Health Consciousness Among Consumers and High Demand due to the Hectic & Busy Life Schedule of Industry Professionals
Challenges:
The Stringent Government Regulations
Restraints:
The Growing Concern Related to Conventional Allopathic Medicine and Increasing Use of Chemical Based Cosmetics
Opportunities:
Growing Food and Beverages Industry in Developing Countries and High Adoption in Pharmaceuticals Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Chamomile Extract Market
- Analysis about New Entrants in Chamomile Extract Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Chamomile Extract Study Sheds Light on
The Chamomile Extract Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chamomile Extract industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chamomile Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.