Lucintel Forecasts The Global Ashwagandha Extract Market To Reach $2 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global ashwagandha extract market looks promising with opportunities in the sports nutrition, food and beverages, and dietary supplements markets. The global ashwagandha extract market is expected to reach an estimated $2 billion by 2030 with a CAGR of 10.7% from 2024 to 2030. The major drivers for this market are growing demand for natural functional food and drinks and increasing inclination of the people toward healthy lifestyle.
A more than 150–page report is developed to understand Trends, opportunity and forecast in ashwagandha extract market to 2030 by form (powder, capsules/tablets, and others), distribution channel (business to business and business to consumer), application (sports nutrition, food and beverages, dietary supplements, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, powder and capsules/tablets are the major segments of ashwagandha extract market by form. Lucintel forecasts that powder will remain the larger segment over the forecast period due to rise in the usage of ashwagandha ...
... extract powder in the food and beverage and pharmaceutical industries.
Within this market, dietary supplements will remain the largest segment due to growing consumer awareness regarding personal health and wellbeing.
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APAC is expected to witness highest growth over the forecast period due to growing awareness about using ayurvedic herbs medicines in this region.
The Himalaya Drug Company, Emami Limited, Shree Baidyanath Ayurveda Bhawan, Kairali Ayurvedic, Dabur India, Unilever, The Procter & Gamble Company, Taos Herb, Patanjali Ayurved, and Kerry are the major suppliers in the ashwagandha extract market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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