Ashwagandha Extract Market Introduction and Overview
According to SPER Market Research, the Global Ashwagandha Extract Market is estimated to reach USD 3.11 billion by 2033 with a CAGR of 11.61%.
The report includes an in-depth analysis of the Global Ashwagandha Extract Market, including market size and trends, product mix, applications, and supplier analysis. Growing in Asia and Africa, ashwagandha is an evergreen shrub. It's frequently applied to stress. There isn't much proof to support its use as an "adaptogen." Chemicals found in ashwagandha may help lower blood pressure, soothe the brain, and modify the immune system. Ashwagandha is utilised for numerous stress-related disorders because it is traditionally used as an adaptogen. Adaptogens are thought to support the body's ability to withstand both mental and physical stress.
- April 2023; the Clean Label Project certified Nutriventia Limited's two branded ingredients, Prolanza ashwagandha and TurmXTRA.
- April 2022; Kerry purchased Natreon, Inc., a well-known provider of branded botanical substances used in Ayurvedic medicine.
Market Opportunities and Challenges
Numerous health benefits of ashwagandha include lowering cholesterol, increasing male fertility, reducing stress and anxiety, battling diabetes, and more. Throughout the projected time, the aforementioned elements are probably going to support the market's expansion for ashwagandha extract. The market for ashwagandha extract is anticipated to grow as a result of rising consumer interest in healthy lifestyles and the growing demand for natural, functional foods and beverages.
Strong fragrances have reduced the amount of ashwagandha consumed and used in various end goods. Overdosing on ashwagandha extracts has been linked to liver problems, vomiting, nausea, and diarrhoea. Additionally, there is proof that strong ashwagandha extracts can irritate the mucosa lining the intestines, leading to more digestive problems. This may have an effect on the growth of the ashwagandha extract market.
Market Competitive Landscape
Due to the fact that India and other South Asian nations offer a substantial amount of ashwagandha extract, the market as a whole is quite consolidated. On the other hand, ashwagandha extract processing, packaging, and marketing enterprises are spread out around the globe. The major players in the Global Ashwagandha Extract Market include: Arjuna Natural Extracts Ltd., Ideal Natural Extract, Ixoreal Biomed Pvt. Ltd., Kerry Group, Life Extension, Naturalin Bio-Resources Co. Ltd., Phyto Life Sciences Pvt. Ltd., Quad Lifesciences Pvt. Ltd., Sabinsa Corporation, Taos Herb Company and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Distribution Channel, By Form, By Type
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Arjuna Natural Extracts Ltd., Ideal Natural Extract, Ixoreal Biomed Pvt. Ltd., Kerry Group, Life Extension, Naturalin Bio-Resources Co. Ltd., Phyto Life Sciences Pvt. Ltd., Quad Lifesciences Pvt. Ltd., Sabinsa Corporation, Taos Herb Company and others |
COVID-19 Impact on Global Ashwagandha Extract Market
The COVID-19 pandemic in 2020 had a favourable impact on the ashwagandha extract market. This was mostly attributed to its beneficial impacts on mental and physical health. During COVID-19, a growing number of individuals developed healthy lifestyles and started consuming food that was functional and fortified with natural ingredients. This was due to the physical and mental ailments that people suffered. The COVID-19 period saw a rise in sales of ashwagandha extract due to the previously described variables.
Key Target Audience
- Health and Wellness Product Manufacturers
- Pharmaceutical Companies
- Herbal Supplement Producers
- Fitness Enthusiasts
- Nutrition Supplement Companies
- Ayurvedic Product Manufacturer
Our in-depth analysis of the Ashwagandha Extract Market includes the following segments:
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By Application:
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Dietary Supplements
Food and Beverages
Sports Nutrition
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By Distribution Channel:
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Business to Business
Business to Consumer
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By Form:
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Capsules/Tablets
Powder
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By Type:
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General Health
Immunity Health
Stress and Anxiety
Weight Loss
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Key Topics Covered in the Report
- Global Ashwagandha Extract Market Size (FY’2023-FY’2033)
- Overview of Global Ashwagandha Extract Market
- Segmentation of Global Ashwagandha Extract Market By Application (Dietary Supplements, Food and Beverages, Sports Nutrition)
- Segmentation of Global Ashwagandha Extract Market By Distribution Channel (Business to Business, Business to Consumer)
- Segmentation of Global Ashwagandha Extract Market By Form (Capsules/Tablets, Powder)
- Segmentation of Global Ashwagandha Extract Market By Type (General Health, Immunity Health, Stress and Anxiety, Weight Loss)
- Statistical Snap of Global Ashwagandha Extract Market
- Expansion Analysis of Global Ashwagandha Extract Market
- Problems and Obstacles in Global Ashwagandha Extract Market
- Competitive Landscape in the Global Ashwagandha Extract Market
- Impact of COVID-19 and Demonetization on Global Ashwagandha Extract Market
- Details on Current Investment in Global Ashwagandha Extract Market
- Competitive Analysis of Global Ashwagandha Extract Market
- Prominent Players in the Global Ashwagandha Extract Market
- SWOT Analysis of Global Ashwagandha Extract Market
- Global Ashwagandha Extract Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Ashwagandha Extract Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Ashwagandha Extract Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Ashwagandha Extract Market
7. Global Ashwagandha Extract Market, By Application (USD Million)
7.1. Global Ashwagandha Extract Market Value Share and Forecast, By Application, 2023-2033
7.2. Dietary Supplements
7.3. Food and Beverages
7.4. Sports Nutrition
8. Global Ashwagandha Extract Market, By Distribution Channel (USD Million)
8.1. Global Ashwagandha Extract Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.2. Business to Business
8.3. Business to Consumer
9. Global Ashwagandha Extract Market, By Form (USD Million)
9.1. Global Ashwagandha Extract Market Value Share and Forecast, By Form, 2023-2033
9.2. Capsules/Tablets
9.3. Powder
10. Global Ashwagandha Extract Market, By Type (USD Million)
10.1. Global Ashwagandha Extract Market Value Share and Forecast, By Type, 2023-2033
10.2. General Health
10.3. Immunity Health
10.4. Stress and Anxiety
10.5. Weight Loss
11. Global Ashwagandha Extract Market Forecast, 2019-2033 (USD Million)
11.1. Global Ashwagandha Extract Market Size and Market Share
12. Global Ashwagandha Extract Market, By Application 2019-2033 (USD Million)
12.1. Global Ashwagandha Extract Market Size and Market Share By Application (2019-2026)
12.2. Global Ashwagandha Extract Market Size and Market Share By Application (2027-2033)
13. Global Ashwagandha Extract Market, By Distribution Channel, 2019-2033 (USD Million)
13.1. Global Ashwagandha Extract Market Size and Market Share By Distribution Channel (2019-2026)
13.2. Global Ashwagandha Extract Market Size and Market Share By Distribution Channel (2027-2033)
14. Global Ashwagandha Extract Market, By Form, 2019-2033 (USD Million)
14.1. Global Ashwagandha Extract Market Size and Market Share By Form (2019-2026)
14.2. Global Ashwagandha Extract Market Size and Market Share By Form (2027-2033)
15. Global Ashwagandha Extract Market, By Type, 2019-2033 (USD Million)
15.1. Global Ashwagandha Extract Market Size and Market Share By Type (2019-2026)
15.2. Global Ashwagandha Extract Market Size and Market Share By Type (2027-2033)
16. Global Ashwagandha Extract Market, By Region, 2019-2033 (USD Million)
16.1. Global Ashwagandha Extract Market Size and Market Share By Region (2019-2026)
16.2. Global Ashwagandha Extract Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Arjuna Natural Extracts Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Ideal Natural Extract
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Ixoreal Biomed Pvt. Ltd.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Kerry Group
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Life Extension
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Naturalin Bio-Resources Co. Ltd.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Phyto Life Sciences Pvt. Ltd.
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Quad Lifesciences Pvt. Ltd.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Sabinsa Corporation
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Taos Herb Company
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope