Global Tribulus Market Overview:
Tribulus is a genus of plants in the Zygophyllaceae family that grows in a variety of climates and soils from 35°S to 47°N. T. Terrestris, a common invasive species and herb, is the most well-known member. Tribulus species are perennials, but in colder climates, some emerge as annuals. Due to a number of health benefits such as decreased blood sugar and cholesterol, improved sexual activity and libido, its strong impact on testosterone and testosterone-related disorders such as libido defense of the cardiovascular system, and increased muscle mass, extracts from these plants are increasingly being used in various supplements. This plant's root and fruits are used to promote male virility and general vitality, respectively. It has become common among athletes for increasing stamina, and it's also commonly used in traditional medicine, such as in ayurvedic medicine for uro-genital disease relief and as an aphrodisiac. The number of claims being made for the use of Tribulus is growing, thanks to the numerous studies being conducted on this plant extract. As a result, the demand for tribulus extract is expected to grow steadily in terms of both value and volume
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumer Awareness Regarding Health and Heath Supplements
Market Growth Drivers:
Increasing Trend Of Health And Fitness Across The Globe and Rising Preference Of Plant-Based Supplements Among Body Builders And Gymers
Challenges:
Lower Awareness Among the General Public
Restraints:
Side Effects Associated with the Tribulus
Opportunities:
Popularity is Increasing in the Pharmaceutical Industry and Increasing Demand for Immunity Booster due to COVID-19
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Now Foods (United States), Optimum Nutrition (United Kingdom), ALLMAX Nutrition (Canada), Universal Nutrition (United States), California Gold Nutrition (United States), Source Natural (India), Nutra Green Biotechnology Co., Ltd. (United States), Glanbia, Plc (Ireland), Foodchem International Corporation (China) and APS Nutrition (United States). Additionally, following companies can also be profiled that are part of our coverage like mrm nutrition (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Tribulus market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Tribulus market. Considering Market by Form, the sub-segment i.e. Capsules will boost the Tribulus market.
Latest Market Insights:
On 12 August 2020, Glanbia Nutritionals, a wholly-owned subsidiary of Glanbia plc, is pleased to announce that it has agreed to acquire Foodarom, a Canadian-based custom flavor designer and manufacturer servicing the food, beverage and nutritional product industries with turn-key flavors and formulation support.
On 16 September 2020, Saracens is delighted to announce the extension of its partnership with the world’s bestselling protein powder brand, Optimum Nutrition. Optimum Nutrition have played a crucial role within the nutrition strategy at Saracens for many years. The products supplied support the players’ adaptation from training and recovery from matches over the long season
What Can be Explored with the Tribulus Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Tribulus Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Tribulus
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tribulus market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tribulus market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Healthcare Industry, Pharmaceutical Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.