Global Ashwagandha Market is Expected to Grow with 11.4% CAGR in the Forecast Period of 2022 to 2029

Global Ashwagandha Market is growing with factors such as rapidly increase in demand for ashwagandha supplements, grow in popularity of ashwagandha owing to its nutritional and health benefits, surge in demand of ashwagandha in functional food & beverages, and pharmaceutical industry across the globe, and others.

Ashwagandha Market Scenario

According to Data Bridge Market Research, market leader is Ixoreal Biomed (KSM66 Ashwagandha) which accounts an estimated market share around 28% to 30% in global ashwagandha market. The company has gained outstanding sale through their wide presence. A Ixoreal Biomed (KSM66 Ashwagandha) have a large number of ashwagandha products and are involved in strategic initiatives for the growth of the ashwagandha market.

  • In January 2020, Natreon Inc. announced that it is granted a U.S. Patent (US 10,500,240) on Terminalia chebula. This newly granted patent expands Natreon’s strong patent portfolio to a total of 24 active patents, as well as 40 published clinical trials. This patent helped the company to expand its product portfolio and it also helped cater new customer base

Ashwagandha Market

Trends Impacting the Market

Now the question is which other regions Ixoreal Biomed (KSM66 Ashwagandha), Bioprex Labs, Medikonda Nutrients, and Greenjeeva are targeting? Data Bridge Market Research has forecast a large growth in North America ashwagandha market and the market leaders are targeting Canada and U.S. to be their next revenue pockets for 2021.

The Ashwagandha market is becoming more competitive every year with companies such as Ixoreal Biomed (KSM66 Ashwagandha), Bioprex Labs, Medikonda Nutrients, and Greenjeeva amongst others, as they are the market leaders for Ashwagandha. Data Bridge Market Research new reports highlights the major growth factors and opportunities in the Ashwagandha market.

Ashwagandha Market Developments 2021

  • In June 2021, Greenjeeva received Kosher Michigan Certificate by Kosher Certification Agency. All raw materials have been approved by Kosher Michigan. This certification is valid through 23 June 2022. This certification will increase brand value of Greenjeeva among customers.

Scope of the Ashwagandha Market

The country based analysis of ashwagandha market is further analyzed based on further segmentation. On the basis of type, the global ashwagandha market is segmented into KSM-66, sensoril, hydro-alcoholic ashwagandha, crude ashwagandha and others. On the basis of product, the global ashwagandha market is segmented into ashwagandha root product, ashwagandha leaf products, ashwagandha leaf and root mix product. On the basis of withanolides content, the global ashwagandha market is segmented into 1% withanolides, 2% withanolides, 2.5% withanolides, 5% withanolides, 10% withanolides, and others. On the basis of category, the global ashwagandha market is segmented regular and full spectrum. On the basis of form, the global ashwagandha market is segmented into powder, capsule and liquid. On the basis of function, the global ashwagandha market is segmented improved stamina, improved immunity, overall wellbeing, reduced anxiety and stress, brain health and muscle strength. On the basis of application, the global ashwagandha market is segmented into food & beverages, pharmaceutical, dietary supplements, sports nutrition, and others.

To know more about the study

Key Pointers Covered in Ashwagandha Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Raw Material Import Value
  • Price Analysis
  • Regulatory Framework
  • COVID-19 impact on global ashwagandha market
  • Production and Consumption Pattern
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Ixoreal Biomed (KSM66 Ashwagandha)
  • Bioprex Labs
  • Medikonda Nutrients
  • Greenjeeva
  • Aunutra® Industries Inc.
  • Sabinsa
  • Carrubba INC.
  • Creative Enzymes
  • Simply by Nature Ltd.
  • Natreon Inc.
  • Herbochem

Above are the key players covered in the report, to know about more and exhaustive list of ashwagandha companies, contact us-

Research Methodology: Global Ashwagandha Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers, Food Industrialists, Pharmaceuticals & Biotechnological Researchers
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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