What is Griffonia Seed Extract Market?
Griffonia Seed Extract is a derivative made by processing seeds from the Griffonia simplicifolia plant. Griffonia seed extract has gained commercial importance due to its composition of the herbal compound 5-hydroxytryptophan (5-HTP). For the human body, 5-HTP is a very critical compound that is used for synthesizing serotonin. Increasing serotonin levels improves sleep by clearing up restless thoughts and making you feel good. 5-HTP is commonly known as an immediate precursor to serotonin. In addition, the Griffonia plant is also used to treat depression, anxiety, insomnia, migraines, and headaches, as well as for weight control and treatment. All of these effects are because of the 5-HTP content present in Griffonia simplicifolia. Griffonia seed extract is used in cosmetic and skin products and reduces pigmentation of the skin and superficial body growth. Griffonia is a woody climbing shrub that is native to the Africa region and whose production is concentrated in the West African and Central African countries. The Griffonia seeds are used in Africa for aphrodisiac, vomiting, diarrhea treatment, and antibiotics, as well as stomach pain.
The market study is being classified by Type (0.2, 0.25, 0.3 and More than 95%), by Application (Insomnia, Other Mental health Problems and Weight Control and Management) and major geographies with country level break-up.
SanHerb BioScience Group (China), Sanyuan Jinrui Natural Ingredients Co., Ltd. (China), Qingdao Dacon Trading Co., Ltd. (China), Herbo Nutra (India), JHD Corp (United States), Qingdao Qingmei Biotech Co. Ltd. (China), Ningbo Excare Pharm Inc. (China), Riotto Botanical Co. Ltd. (China) and Changsha Herbway Biotech Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hanzhong TRG Biotech Co. Ltd. (China) and Alpspure Lifesciences Private Limited (India).
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. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Griffonia Seed Extract market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Griffonia Seed Extract market by Type, Application and Region.
On the basis of geography, the market of Griffonia Seed 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.
Market Drivers
- A Growing Population Facing Insomnia Problems and Other Neural Problems
- Increase in the Number of Working Hours
- A Rise in the Awareness about Health Issues
Market Trend
- The Rise in Stress Levels and Non-Healthy Lifestyles
- A Rise in Consumption of Fast Foods and Alcohol
Restraints
- Excess Use of This Extract Can Cause Side Effects
Opportunities
- The Growing E-Commerce Industry
- Growing Improvement in the Extraction Methods and Keeping High Seeds Quality
Challenges
- The Lack of Awareness about the Benefits of Using the Extract
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Griffonia Seed Extract, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry