Global Herbal Extracts Market Was Worth Us$ 51.3 Bn In 2022 Says Absolute Markets Insights

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Herbal Extracts Market

Global Herbal Extracts market is Anticipated to Gain CAGR of 9.8% over the Forecast Period (2023 – 2031)

HOUSTON, TEXAS, UNITED STATES, July 6, 2023/einpresswire.com / -- Increasing awareness about natural ingredients and their health benefits, rising demand for herbal remedies, and growing availability of products in various forms such as tinctures, capsules, teas, and topical applications is pushing the global herbal extracts market demand. Additionally, manufacturers are capitalizing on emerging technologies such as blockchain and artificial intelligence to create new retail opportunities and enhance customer experiences. Rapid urbanization combined with an increase in disposable income is further enhancing the demand for high-quality herbal extracts products.

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Herbal extracts can be taken orally or applied topically on the skin. When ingested orally, they enter into the bloodstream where they are carried all through the body to exert their medicinal effects. Whereas when applied topically directly on the skin, these extracts provide local relief from itching or inflammation caused due to skin disorders like eczema or psoriasis. The most commonly used herbal extract is Aloe Vera which contains numerous vitamins and minerals beneficial for overall health and wellness while also offering a cooling effect on minor burns, cuts or other injuries when applied topically on the affected area. Other popular herbal extracts include chamomile for sleep aid; turmeric for reducing inflammation; ginger for better digestive health; ginseng for increased energy levels; peppermint for relieving stress; lavender oil for relaxation; hawthorn berry extract for improved cardiovascular health; yarrow extract to promote wound healing; ginkgo biloba leaf extract to enhance memory power and more. Apart from medicinal benefits, many people consume herbal extracts like ashwagandha root powder to improve physical performance, elderberry juice to fight colds etc., while some use them as dietary supplements in order to get additional nutrients like vitamins A & C present in natural sources like pomegranate extract or rosehip powder etc., which are not easily available through normal diet alone. Thus, these extracts offer plenty of therapeutic benefits owing to their active ingredients which range from antioxidants to various vitamins and minerals. They provide protection against a host of ailments while also aiding in recovery process during illnesses or other medical conditions making them an ideal choice among people seeking holistic health solutions in today's world, which in turn is propelling the global herbal extracts market.

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In terms of regional consumption, Asia Pacific is leading the herbal extracts market with countries like China, India, Australia and New Zealand contributing massively to sales volumes. In 2022, China was the leading contributor to this sector with its exports increasing by 7.3%. The country's emphasis on traditional Chinese medicine (TCM) has been a major factor driving growth of this industry. In terms of import trends, China was also among the top importers at 10% followed closely by Japan at 8%. India is another important player in the market accounting for an estimated 7% of exports and 8% imports in 2022. The country is well known for its Ayurvedic medical system which utilizes herbal extracts from various plants including turmeric, ginger and aloe vera that have anti-inflammatory properties and can help improve overall health. These herbs are primarily sourced from Himalayan regions like Himachal Pradesh and Uttarakhand which makes India one of the major hubs for herbal extract production. In the upcoming year 2022 it is expected that Asia Pacific countries will further grow their contribution towards the herbal extracts market due to factors listed below:
.Improved access through retail stores and online portals
.Strategic marketing campaigns undertaken by manufacturers
.Increased investments by existing players looking to expand their product portfolio
.Favorable regulatory conditions
.Accessibility of herb source materials; and spread of knowledge about TCM practices across different countries within this region.
Europe follows closely behind with countries like Germany, France and Netherlands having high consumption rates in the global herbal extracts market.

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Global Herbal Extracts Market Participants
oAlpspure Lifesciences Private Limited
oAlsiano
oBayer
oCarrubba Incorporated
oGaia Herbs
oGreen Earth Products Pvt. Ltd.
oGrupo Natac, S.A.
oHerbochem
oNIKKO CHEMICALS CO.,LTD
oNOW Foods
oOREGON'S WILD HARVEST
oPhyto Life Sciences P. Ltd.
oSynthite Industries Ltd.
oVIDYA HERBS
oVipul Organics Ltd.
oVital Herbs
oVivaan
oOther Industry Participants

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Global Herbal Extracts Market Segmentation
Absolute Markets Insights has segmented the global herbal extracts market on the basis of type, source, form, application, distribution channel and region further into twenty-nine countries.
Global Herbal Extracts Market Type Outlook (Revenue, USD Million, 2015 - 2031)
oAshwagandha
oLicorice
oAloe Vera
oAstragalus
oCurcumin
oGarcinia Cambogia
oGingko Biloba
oValerian Root
oChamomile
oGinger
oOthers
Global Herbal Extracts Market Source Outlook (Revenue, USD Million, 2015 - 2031)
oFruits
oPlants & Leaves
oRoots & Rhizomes
oBarks & Stems
oOthers
Global Herbal Extracts Market Form Outlook (Revenue, USD Million, 2015 - 2031)
oLiquid
oCapsules
oSoft Gels
oTablets
oPowder
Global Herbal Extracts Market Application Outlook (Revenue, USD Million, 2015 - 2031)
oPersonal Care & Cosmetics
oHair Care
oSkin Care
o Others
oFood and Beverages
oBakery & Confectionary
oBeverages
oDairy Products
oOthers
oHealthcare and Pharmaceuticals
oWeight Management
oSports Nutrition
oBlood Pressure Management
oRespiratory Infections
oMental Health
oImmune Health
oWomen's Health
oBone Health
oCardiovascular Health
oDigestive Health (Stomach pain, Bloating, Abdominal Pain, Etc.)
oKidney and Liver Dysfunctions
oOthers
oOthers
Global Herbal Extracts Market Distribution Channel Outlook (Revenue, USD Million, 2015 - 2031)
oOnline
oOffline

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Global Herbal Extracts Market Regional Outlook (Revenue, USD Million, 2015 - 2031)
oNorth America (U.S., Canada, Mexico, Rest of North America)
oEurope (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
oAsia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
oMiddle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
oLatin America (Brazil, Argentina, Rest of Latin America)

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