Global ashwagandha market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 11.4% in the forecast period of 2022 to 2029 and expected to reach USD 102.72 million by 2029. The demand for the ashwagandha is high hence revenue generation is also high which is helping the market to grow in the region.
Ashwagandha may have anxiolytic (anxiety-relieving) properties, much like the drug lorazepam. Ashwagandha may also be effective as an antidepressant. As a result, it can be inferred that ashwagandha may help with the treatment of anxiety and depression. It’s probable that ashwagandha has widely recognised and documented anti-arthritic properties. The nervous system’s ability to be calmed by ashwagandha may help it to lessen discomfort. In a test research, ashwagandha-containing formula was given to the participants. The potency of the pain and impairment seems to be lessened by this herbal therapy. As a result, the ashwagandha plant has been acquiring a lot of popularity in the pharmaceutical business due to the aforementioned medical properties.
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- In Asia Pacific, China have comprised the highest market share as growing cultivation of the seaweed in the country and increase in demand of the seaweed across the end users are fuelling the growth of the seaweed market. In Europe, France is dominating the market as the France are highly aware with the benefits of ashwagandha which helps the country to have high share in the region.
During the anticipated period, demand for ashwagandha extract is anticipated to increase due to rising consumer demand for natural functional foods and beverages, increased consumer interest in leading healthy lifestyles, and increased spending on nutritious and fortified foods. Ashwagandha has many health benefits, including lowering cholesterol levels, increasing male fertility, reducing anxiety and stress, fighting diabetes, controlling hair loss, treating cancer, stimulating the thyroid gland, lessening eye diseases, and having anti-tumor, anti-inflammatory, and antibacterial properties. It also slows the progression of osteoporosis and rheumatoid arthritis. As a result, throughout the anticipated period, the aforementioned aspects are likely to support the growth of the ashwagandha extract market.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Ashwagandha Market Analysis
- Chapter 3: Regional analysis of the Ashwagandha Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major players covered in the report are Ixoreal Biomed (KSM66 Ashwagandha), Bioprex Labs, Medikonda Nutrients, Greenjeeva, Aunutra Industries Inc., Sabinsa, Carrubba INC., Creative Enzymes, Simply by Nature Ltd., Natreon Inc., Herbochem, HERBAL CREATIONS, and amongst others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players inAshwagandha Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2029?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Ashwagandha Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the Ashwagandha Market?
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