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Ashwagandha Extract Market Introduction and Overview
According to SPER market research, 'Ashwagandha Extract Market Size- By Application, By Distribution Channel, By Form, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Ashwagandha Extract Market is predicted to reach USD 3.11 billion by 2033 with a CAGR of 11.61%.
Ayurvedic medicine places a lot of importance on the herb ashwagandha. This is one of India's healthcare systems and one of the oldest medical systems in the world. Ashwagandha is regarded as a Rasayana in Ayurveda medicine. This implies that it promotes physical and mental youth maintenance. The plant may have neuroprotective and anti-inflammatory properties. Numerous medical disorders are rooted in inflammation, and the body can be shielded from a range of ailments by lowering inflammation.
The COVID-19 outbreak in 2020 had a favourable effect on the ashwagandha extract industry. Its benefits for both physical and mental health helped to explain this in significant part. As COVID-19 spread, more and more people started leading healthy lifestyles and started eating food that was naturally fortified and functional. This was a consequence of the physical and emotional ailments that individuals suffered from. During COVID-19, ashwagandha extract sales increased due to the above listed circumstances.
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
Regions covered North 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
Global Ashwagandha Extract Market Segmentation:
By Application: Based on the Application, Global Ashwagandha Extract Market is segmented as; Dietary Supplements, Food and Beverages, Sports Nutrition
By Distribution Channel: Based on the Distribution Channel, Global Ashwagandha Extract Market is segmented as; Business to Business, Business to Consumer
By Type: Based on the Type, Global Ashwagandha Extract Market is segmented as; General Health, Immunity Health, Stress and Anxiety, Weight Loss
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.