Ashwagandha Extract Market Growth, Size, Trends, Revenue, Demand, Share and Future Outlook

Ashwagandha Extract Market Size- By Application, By Distribution Channel, By Form, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Ashwagandha Extract Market Size- By Application, By Distribution Channel, By Form, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: FOOD2418 Pages: 1 - 224 Formats*:     
Category : Food & Beverages
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.
Ashwagandha Extract Market
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.

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 coveredBy Application, By Distribution Channel, By Form, By Type
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 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:
By Application:
  • Dietary Supplements
  • Food and Beverages
  • Sports Nutrition
  • By Distribution Channel:
  • Business to Business
  • Business to Consumer
  • By Form:
  • Capsules/Tablets
  • Powder
  • By Type:
  • General Health
  • Immunity Health
  • Stress and Anxiety
  • Weight Loss
  • 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

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    The key players in the Market include 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.
    Ashwagandha Extract Market is projected to reach USD 3.11 billion by 2033, growing at a CAGR of 11.61% during the forecast period.
    Ashwagandha Extract Market grew in Market size from 2022. The Market is expected to reach USD 3.11 billion by 2033, at a CAGR of 11.61% during the forecast period.
    Ashwagandha Extract Market CAGR of 11.61% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Ashwagandha Extract Market size is USD 3.11 billion from 2023 to 2033.
    Ashwagandha Extract Market Segment is covered By Application, By Distribution Channel, By Form, By Type.
    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.
    The North America is anticipated to have the highest Market share in the Ashwagandha Extract Market.
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