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Global Ashwagandha Extract Market to reach USD 2.04 billion by the end of 2029.

Global Ashwagandha Extract Market Size study & Forecast, by Form (Powder, Capsules/Tablets, Others), by Application (Sports Nutrition, Food and Beverages, Dietary Supplements, Others), by Distribution Channel (Business to Business, Business to Consumer) and Regional Analysis, 2022-2029

Product Code: OIRFB-90452260
Publish Date: 25-01-2023
Page: 200

Global Ashwagandha Extract Market is valued at approximately USD 0.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2022-2029. Ashwagandha also known as Indian Ginseng is a herb native to Asia and Africa. Ashwagandha extract is made with its roots and leaves. Ashwagandha contains Sitoindosides and acylsterylglucosides which are said to be anti-stress agents. Consumption of Ashwagandha offers various health benefits such as, boosting testosterone levels in men, improving memory, lowering blood sugar and fat, increasing muscle strength, relieving stress & anxiety and preventing insomnia among others. Moreover, large consumption of Ashwagandha can cause several side effects such as cause stomach upset, diarrhoea, and vomiting among others. The increasing consumption of dietary supplements and growing demand for nutritional & medical benefits of ashwagandha as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing consumption of healthcare supplements worldwide is contributing to the growth of the Global Ashwagandha Extract market. For instance, according to Statista – in 2021, the global dietary supplement market was valued at USD 137 billion, and the market is forecast to grow to USD 185.1 billion by 2025. Also, growing penetration of e-commerce platforms and rising number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, high costs and side effects associated with Ashwagandha extract impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ashwagandha Extract Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading region in terms of global market share owing to the increasing consumption of herbal supplements and increasing penetration of e-commerce platforms in the region. Whereas North America is expected to grow at the highest growth rate during the forecast period, owing to factors such as rising number of health-conscious individuals as well as increasing penetration of leading market players in the region.

Major market players included in this report are:
The Himalaya Drug Company
Dabur India Ltd.
Emami Limited
Kairali Ayurvedic Group
Patanjali Ayurved Limited
Kerry Group PLC
Shree Baidyanath Ayurveda Bhawan Pvt. Ltd.
Taos Herb Company
Unilever PLC

Recent Developments in the Market:
 In Oct 2022, Switzerland based Flavor and fragrance company Givaudan launched its new ashwagandha infusion. The liquid extract enables easier formulation, and it is intended for use with functional foods and beverages.

Global Ashwagandha Extract Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form

By Application
Sports Nutrition
Food and Beverages,
Dietary Supplements

By Distribution Channel
Business to Business
Business to Consumer

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Ashwagandha Extract Market, by Region, 2019-2029 (USD Billion)
1.2.2. Ashwagandha Extract Market, by Form, 2019-2029 (USD Billion)
1.2.3. Ashwagandha Extract Market, by Application, 2019-2029 (USD Billion)
1.2.4. Ashwagandha Extract Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ashwagandha Extract Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ashwagandha Extract Market Dynamics
3.1. Ashwagandha Extract Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing consumption of dietary supplements Growing demand for nutritional & medical benefits of ashwagandha Strategic initiatives from leading market players
3.1.2. Market Challenges High cost associated with Ashwagandha extract Side effects associated with Ashwagandha
3.1.3. Market Opportunities Growing penetration of e-commerce platforms Rising number of health-conscious individuals
Chapter 4. Global Ashwagandha Extract Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Ashwagandha Extract Market, by Form
6.1. Market Snapshot
6.2. Global Ashwagandha Extract Market by Form, Performance – Potential Analysis
6.3. Global Ashwagandha Extract Market Estimates & Forecasts by Form 2019-2029 (USD Billion)
6.4. Ashwagandha Extract Market, Sub Segment Analysis
6.4.1. Powder
6.4.2. Capsules/Tablets
6.4.3. Others
Chapter 7. Global Ashwagandha Extract Market, by Application
7.1. Market Snapshot
7.2. Global Ashwagandha Extract Market by Application, Performance – Potential Analysis
7.3. Global Ashwagandha Extract Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Ashwagandha Extract Market, Sub Segment Analysis
7.4.1. Sports Nutrition
7.4.2. Food and Beverages
7.4.3. Dietary Supplements
7.4.4. Others
Chapter 8. Global Ashwagandha Extract Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Ashwagandha Extract Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Ashwagandha Extract Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Ashwagandha Extract Market, Sub Segment Analysis
8.4.1. Business to Business
8.4.2. Business to Consumer
Chapter 9. Global Ashwagandha Extract Market, Regional Analysis
9.1. Ashwagandha Extract Market, Regional Market Snapshot
9.2. North America Ashwagandha Extract Market
9.2.1. U.S. Ashwagandha Extract Market Form breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Ashwagandha Extract Market
9.3. Europe Ashwagandha Extract Market Snapshot
9.3.1. U.K. Ashwagandha Extract Market
9.3.2. Germany Ashwagandha Extract Market
9.3.3. France Ashwagandha Extract Market
9.3.4. Spain Ashwagandha Extract Market
9.3.5. Italy Ashwagandha Extract Market
9.3.6. Rest of Europe Ashwagandha Extract Market
9.4. Asia-Pacific Ashwagandha Extract Market Snapshot
9.4.1. China Ashwagandha Extract Market
9.4.2. India Ashwagandha Extract Market
9.4.3. Japan Ashwagandha Extract Market
9.4.4. Australia Ashwagandha Extract Market
9.4.5. South Korea Ashwagandha Extract Market
9.4.6. Rest of Asia Pacific Ashwagandha Extract Market
9.5. Latin America Ashwagandha Extract Market Snapshot
9.5.1. Brazil Ashwagandha Extract Market
9.5.2. Mexico Ashwagandha Extract Market
9.5.3. Rest of Latin America Ashwagandha Extract Market
9.6. Rest of The World Ashwagandha Extract Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. The Himalaya Drug Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Dabur India Ltd.
10.2.3. Emami Limited
10.2.4. Kairali Ayurvedic Group
10.2.5. P&G
10.2.6. Patanjali Ayurved Limited
10.2.7. Kerry Group PLC
10.2.8. Shree Baidyanath Ayurveda Bhawan Pvt. Ltd.
10.2.9. Taos Herb Company
10.2.10. Unilever PLC
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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