Global Adhatoda Vasica Extract Market Size To Worth USD 1038.62 Million By | CAGR of 6.51%
Category: Food & BeveragesGlobal Adhatoda Vasica Extract Market Size To Worth USD 1038.62 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Adhatoda Vasica Extract Market Size is Expected to Grow from USD 552.53 Million in 2023 to USD 1038.62 Million by 2033, at a CAGR of 6.51% during the Forecast Period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 240 pages with 130 Market data tables and figures & charts from the report on the " Global Adhatoda Vasica Extract Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Juices, Capsules, Powder, and Others), By End-User (Personal Care and Cosmetics, Pharmaceutical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033 " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/adhatoda-vasica-extract-market
The Adhatoda Vasica Extract Market Size is a global industry that uses the medicinal properties of the plant, also known as the vasaka (malabar nut), to treat respiratory health conditions like asthma and cough. Adhatoda vasica, native to Southeast Asia's tropical belts, is an essential traditional medicinal plant used as an expectorant and antispasmodic in traditional Indian medicine. The plant grows abundantly in forests and is known by various names, including Baker, Malabar Nut, and Vasaka. The plant extracts active compounds by isolating alkaloids like vasicine, which have numerous biological and pharmacological activities. Adhatoda leaves are used in Ayurvedic medicine to treat leprosy, diarrhea, dysentery, TB, skin conditions, and vomiting. Root extracts are used to treat liver diseases, cough, and diabetes in rural areas. The increasing prevalence of bronchitis has led to the need for Adhatoda vasica extracts, as the fruit of the vasaka plant acts as a bronchodilator. Acute bronchitis is a common respiratory infection affecting the lower respiratory tract, particularly the bronchi, which are crucial air passages in the lungs. The incidence of acute bronchitis varies among age groups, with lower rates among younger men and higher rates in individuals over 85. The increasing cases of the acute diseases accelerates the need for the herbal ingredients such as vasaka. However, complexity in the extraction procedures may impede market growth.
The capsules segment held the highest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the product type, the global Adhatoda vasica extract market is categorized as juices, capsules, powder, and others. Among these, the capsules segment held the highest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is driven by the extract's potency preservation, increasing herbal ingredient preference, improved therapeutic efficacy, consumer convenience, and anti-inflammatory activity.
The pharmaceutical segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global Adhatoda vasica extract market is categorized as personal care and cosmetics, pharmaceutical, and others. Among these, the pharmaceutical segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is attributed to increased research, reduced side effects, broad therapeutic activities, and the inclusion of vitamin C and carotenoids, crucial for skin health and pharmaceutical formulations.
Asia Pacific is expected to hold the greatest share of the global Adhatoda vasica extract market over the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the greatest share of the global Adhatoda vasica extract market over the forecast period. Adhatoda vasica extract, a natural treatment for respiratory conditions, is popular in China, Sri Lanka, Malaysia, and Indonesia. India exports a significant amount, and China plans to invest in R&D to boost its market share. The Asia-Pacific region's increased respiratory conditions, including asthma and chronic obstructive pulmonary diseases, drive the need for natural remedies. Adhatoda vasica is increasingly popular due to safety and efficacy research.
North America is predicted to grow at the fastest throughout the estimated period. The North America market for Adhatoda vasica extract is expanding due to increased awareness of its benefits for respiratory conditions like bronchitis and asthma. The extract is used in pharmaceutical and nutraceutical products, with North American pharmaceutical companies collaborating with suppliers for sustainable sourcing and innovative formulations.
Major key players in the global Adhatoda vasica extract market are Amruta Herbals, Himalayan Herbaria Inc., Bhagvati Herbal and Healthcare Private Limited, Suanfarma, S.A. Herbal Bioactives, Wee Marketing Private Limited, Gurjar Phytochem, Shanxi Bolin Biotechnology, Lavanya Agro Industries, Hubei Yongkuo Technology, Venkatesh Naturals, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global Adhatoda vasica extract market based on the below-mentioned segments:
Global Adhatoda Vasica Extract Market, By Product Type
- Juices
- Capsules
- Powder
- Others
Global Adhatoda Vasica Extract Market, By End-User
- Personal Care and Cosmetics
- Pharmaceutical
- Others
Global Adhatoda Vasica Extract Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?