Ashwagandha Extract Market (2023 to 2029) – Growth, Trends, COVID-19 Impact and Forecast

Ashwagandha Extract Market was valued at US$ 47.94 Mn in 2022. The Ashwagandha Extract Market size is estimated to grow at a CAGR of 11.5% over the forecast period.

Ashwagandha Extract Market Overview:

The report explores the Ashwagandha Extract market's segments (Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Ashwagandha Extract market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Ashwagandha Extract market's contemporary competitive scenario.Ashwagandha Extract MarketTo know about the Research Methodology :- Request Free Sample Report

Ashwagandha Extract Market Dynamics:

Ashwagandha is used for medicinal purposes and also as a dietary supplement: Ashwagandha is scientifically named Withania Somnifera, which is an evergreen shrub of the nightshade family which grows in India, the Middle East, and some parts of Africa. This shrub is used for medicinal purposes in Ayurveda and is sold in many countries as dietary supplements since ancient times. The Ashwagandha is used in the Ayurvedic system as a tonic nerve. Ashwagandha also has nutritional benefits such as memory, sports nutrition, aging, immune support, and others. Ashwagandha is also used for losing weight and hence has been collected as a natural weight control solution in the herbal section. Ashwagandha also has a positive effect on enhancing the immune system. It has its sales peak in winters when there is an immune health concern. The increase in health-conscious people is all over the globe that is driving the ashwagandha markets growth. The growing demand for herbal remedies had increased the demand for the Ashwagandha market. The people are having a strong belief in herbal or botanical supplements which is further growing the demand for the Ashwagandha. As soon as the consumers are getting aware the demand for natural products is increasing. Ashwagandha is a medicinal herb that has proven health benefits: The government of India is widely promoting the usage of ayurvedic medicines by conducting awareness programs and providing subsidies. One of the major problems that are being faced by many people across the globe is insufficient sleep within age groups due to the increasing use of smartphones, electronic devices, and stress. Through various studies, it was found the prevalence of insomnia in 75 million Americans, and 30% with short-term insomnia. Ashwagandha was found to have proven benefits for improving sleep. As well as it works for reducing stress, anxiety, depression, and insomnia. The Ashwagandha has also proven benefits for reducing blood sugar levels, improving concentration, enhancing brain functioning, and helps to relieve stress. c. Thus, there is a significant rise in demand for ashwagandha extract from the pharmaceutical industry. Increasing demand for ashwagandha supplements and the increasing popularity of ashwagandha owing to its nutritional and health benefits are creating the upcoming opportunities that would drive the growth of the Ashwagandha Extract Market during the forecast period. Some of the side-effects associated with the use of Ashwagandha: Many scientifically proven benefits are associated with ashwagandha but poor clinical trials of Ashwagandha medicines are expected to hinder the growth of the Ashwagandha market. There are certain side-effects associated with ashwagandha such as It may lead to insomnia or lack of sleep, People with low BP should avoid ashwagandha as it may reduce it further down, Excessive use of Ashwagandha may cause fever, fatigue, and pain. Overuse of Ashwagandha may lead to stomach diseases. There may be problems related to Diarrhoea. Vomiting and nausea may be caused as a side effect of consuming Ashwagandha. All these factors can restrain the Ashwagandha Extract Market growth globally during the forecast period.

Ashwagandha Extract Market Trends:

The Ashwagandha is used in the Ayurvedic system as a tonic nerve. Ashwagandha also has nutritional benefits such as memory, sports nutrition, aging, immune support, and others. The increase in health-conscious people is all over the globe that is driving the ashwagandha markets growth. Ashwagandha was found to have proven benefits for improving sleep. As well as it works for reducing stress, anxiety, depression, and insomnia. The Ashwagandha has also proven benefits for reducing blood sugar levels, improving concentration, enhancing brain functioning, and helps to relieve stress. There is a significant rise in demand for ashwagandha extract from the pharmaceutical industry. The government of India is widely promoting the usage of ayurvedic medicines by conducting awareness programs and providing subsidies. There is a growing demand for herbal remedies had increased the demand for the Ashwagandha market. Hence, there can be significant growth in sales in the Ashwagandha Extract Market during the forecast period.

Ashwagandha Extract Market Segment Analysis:

On basis of type, the Ashwagandha Extract Market is segmented into Powdered, Capsule, and Others. The powdered segment is dominating the Ashwagandha Extract Market by holding the maximum market share in 2022. Ashwagandha powder can be mixed with water, honey, juice, or milk, which allows for rapid absorption in the human body. The major part of the population is highly adopting the powdered segment. The capsules segment is anticipated to expand at a substantial pace during the forecast period. Capsules are easily portable unlike powder and do not require milk, water, or juice for consumption. Hence, the powdered segment is dominating the Ashwagandha Market.Ashwagandha Extract MarketOn basis of Application, the Ashwagandha Extract Market is segmented into Food Industry, Pharmaceutical Industry, and others. The Pharmaceutical segment is dominating the Ashwagandha Extract Market by holding maximum market shares. This is due to the great use of Ashwagandha in the treatment of myriad health diseases. The herb has been found to impede cancer cells in the breast, colon, and lung. Furthermore, it can reduce cortisol levels in the human body. Cortisol is a stress hormone that is released by the adrenal glands in response to stress. As a major population is suffering from stress. Hence, The Pharmaceutical segment is dominating the Ashwagandha market.

Ashwagandha Extract Market Regional Insights:

The Asia Pacific region held the largest market share accounting for 58% in 2022. India is expected to have a major share of the market in the region. The Medical Ayurveda was started in Ancient times in India. Ashwagandha is an important medicinal herb in Ayurveda. The people are having a strong belief in herbal or botanical supplements. Hence, the Asia - Pacific region held the largest market share accounting. The North American region is expected to witness significant growth at a CAGR of 11.5% through the forecast period. As people of North America are becoming highly health-conscious. Also, there is an increase in trust in herbal and ayurvedic medicines. They use these as dietary supplements. Hence, the North American region is expected to witness significant growth during the forecast period. The objective of the report is to present a comprehensive analysis of the global Ashwagandha Extract Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Ashwagandha Extract Market dynamic, and structure by analyzing the market segments and projecting the Ashwagandha Extract Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Ashwagandha Extract Market make the report investor’s guide.

Ashwagandha Extract Market Scope: Inquiry Before Buying

Ashwagandha Extract Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US$ 47.94 Mn.
Forecast Period 2023 to 2029 CAGR: 11.5% Market Size in 2029: US$ 102.72 Mn.
Segments Covered: by Type • Powder • Capsule • Others
by Application • Food Industry • Pharmaceuticals Industry • Others

Ashwagandha Extract Market, by Region:

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Ashwagandha Extract Market Key Players are:

Natreon • Arjuna Natural • Ixoreal Biomed • Natreon • Sabinsa • Umalaxmi Organics • OmniActive Health Technologies • Unicorn Natural Products • Venkatesh Food Industries • Vidya Herbs • Kumaon Exports • Botanic Healthcare • Gwalior Herbal Products • K. Patel Phyto Extractions • Bioprex Labs • Medikonda Nutrients • Greenjeeva • Aunutra® Industries Inc • Carrubba INC. • Creative Enzymes • Simply by Nature Ltd. • Herbochem • HERBAL CREATIONS Frequently Asked Questions: 1) What segments are covered in the Ashwagandha Extract Market report? Ans. The segments covered in the Ashwagandha Extract Market report are based on Type and Application. 2) Which region holds the highest share in the Ashwagandha Extract Market? Ans. The North American region is expected to hold the highest share in the Ashwagandha Extract Market. 3) What is the market size of the Ashwagandha Extract Market by 2029? Ans. The market size of the Ashwagandha Extract Market by 2029 is US$ 102.72 Mn. 4) What is the forecast period for the Ashwagandha Extract Market? Ans. The Forecast period for the Ashwagandha Extract Market is 2023-2029. 5) What was the market size of the Ashwagandha Extract Market in 2022? Ans. The market size of the Ashwagandha Extract Market in 2022 was US$ 47.94 Mn.
1. Global Ashwagandha Extract Market Size: Research Methodology 2. Global Ashwagandha Extract Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Ashwagandha Extract Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Ashwagandha Extract Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Ashwagandha Extract Market Size Segmentation 4.1. Global Ashwagandha Extract Market Size, by Type (2022-2029) • Powder • Capsule • Others 4.2. Global Ashwagandha Extract Market Size, by Application (2022-2029) • Food Industry • Pharmaceuticals Industry • Others 5. North America Ashwagandha Extract Market (2022-2029) 5.1. North America Ashwagandha Extract Market Size, by Type (2022-2029) • Powder • Capsule • Others 5.2. North America Ashwagandha Extract Market Size by Application (2022-2029) • Food Industry • Pharmaceuticals Industry • Others 5.3. North America Ashwagandha Extract Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Ashwagandha Extract Market (2022-2029) 6.1. European Ashwagandha Extract Market, by Type (2022-2029) 6.2. European Ashwagandha Extract Market, by Application (2022-2029) 6.3. European Ashwagandha Extract Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Ashwagandha Extract Market (2022-2029) 7.1. Asia Pacific Ashwagandha Extract Market, by Type (2022-2029) 7.2. Asia Pacific Ashwagandha Extract Market, by Application (2022-2029) 7.3. Asia Pacific Ashwagandha Extract Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Ashwagandha Extract Market (2022-2029) 8.1. The Middle East and Africa Ashwagandha Extract Market, by Type (2022-2029) 8.2. The Middle East and Africa Ashwagandha Extract Market, by Application (2022-2029) 8.3. The Middle East and Africa Ashwagandha Extract Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Ashwagandha Extract Market (2022-2029) 9.1. South America Ashwagandha Extract Market, by Type (2022-2029) 9.2. South America Ashwagandha Extract Market, by Application (2022-2029) 9.3. South America Ashwagandha Extract Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Natreon 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Arjuna Natural 10.3. Ixoreal Biomed 10.4. Sabinsa 10.5. Umalaxmi Organics 10.6. OmniActive Health Technologies 10.7. Unicorn Natural Products 10.8. Venkatesh Food Industries 10.9. Vidya Herbs 10.10. Kumaon Exports 10.11. Botanic Healthcare 10.12. Gwalior Herbal Products 10.13. K. Patel Phyto Extractions 10.14. Bioprex Labs 10.15. Medikonda Nutrients 10.16. Greenjeeva 10.17. Aunutra® Industries Inc. 10.18. Carrubba INC. 10.19. Creative Enzymes 10.20. Simply by Nature Ltd. 10.21. Herbochem 10.22. HERBAL CREATIONS
  • INQUIRE BEFORE BUYING