The Ashwagandha Extract Global Market Report 2023, provides comprehensive information on the ashwagandha extract market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Ashwagandha Extract Global Market Report 2023, the market size is expected to grow from $0.58 billion in 2022 to $0.65 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ashwagandha extract market size is expected to reach $1.01 billion in 2027 at a CAGR of 11.5%.
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Product innovations are a key trend gaining popularity in the ashwagandha extract market. Major companies operating in the ashwagandha extract market are focused on developing new solutions to increase their share in the market. For instance, in September 2022, Nutriventia, an India-based health and wellness company, launched a sustained-release Prolanza ashwagandha. Prolanza, the new-age Ashwagandha root-only extract, provides all-day support for stress management. The innovative release pattern of Prolanza enables it to exert its clinical benefits for a prolonged duration with a single daily dose.
The ashwagandha extract market is segmented:
1) By Type: Immunity Health, Stress And Anxiety, Weight Loss, General Health
2) By Form: Powder, Capsules Or Tablets, Other Forms
3) By Distribution Channel: Business To Business, Business To Consumer
4) By Application: Sports Nutrition, Food And Beverages, Dietary Supplements, Other Applications
Asia-Pacific was the largest region in the ashwagandha extract market in 2022.
The table of contents in TBRC’s ashwagandha extract market report includes:
- Executive Summary
- Ashwagandha Extract Market Characteristics
- Ashwagandha Extract Market Trends And Strategies
- Ashwagandha Extract Market – Macro Economic Scenario
- Ashwagandha Extract Market Size And Growth
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- Ashwagandha Extract Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Ashwagandha Extract Market
- Ashwagandha Extract Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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