Global Ashwagandha Market is expected to grow with a CAGR of 11.4% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global ashwagandha market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global ashwagandha market are taking various strategic decisions such as acquisition and expansion to enhance their businesses. Hence the ashwagandha market is growing at a rapid rate. For instance,

• In November 2020, Greenjeeva received certificate under Handling category of the USDA National Organic Program standards by Baystate Certifiers. This certificate will increase brand value of Greenjeeva among US and Canadian Customers.

Ixoreal Biomed (KSM66 Ashwagandha) is the dominating player in global ashwagandha market. The other key players existing in the market includes, Bioprex Labs, Medikonda Nutrients, Greenjeeva, Aunutra Industries Inc., Sabinsa, Carrubba INC., Creative Enzymes, Simply by Nature Ltd., Natreon Inc, Herbochem, and HERBAL CREATIONS among others.

Ixoreal Biomed (KSM66 Ashwagandha)

Ixoreal Biomed (KSM66 Ashwagandha) is headquartered in India. The company focuses on supplying the best quality ashwagandha across the globe. The company offers wide range of KSM 66 products extracted from the highest concentrating of all major root only extract available on the market. 

• In July 2021, according to news published in Nutra Ingredients USA, Ashwagandha is ranked in the top 40 list among all the herbs in the marketplace. According to the American Botanical Council, Ashwagandha is ranked #7 in the natural channel and #34 in the mass market – a staggering 166% increase from the previous year. This report gives idea about ashwagandha’s wide scope across world and its increased sales

The company has wide global presence across Europe, South Africa, Asia-Pacific, and North Americas.

NATREON INC.

Natreon Inc. is headquartered in New Jersey, U.S., and was established in 1998. The company focuses on to bring scientifically studied and tested ayurvedic ingredients to be dietary supplement, personal care, food & beverages, and medical food segment worldwide and thereby improving health of population globally. The company offers wide product range such as Sensoril, Primavie, Caprose, Crominex, Ayuflex, and Ayuric.

• 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

The company has wide presence across U.S.

Carrubba INC

Carrubba INC. is headquartered in Connecticut, U.S. The company focuses on manufacturing custom flavours, fragrance, botanical extracts, and natural deodorants. The products provided by the company are aromatics, botanical extracts, flavours, deoplex, and deoplex organic.

• In November 2020, Carrubba INC partnered with Biesterfeld for the distribution of aromatic and botanic extracts product in Brazil. This partnership helps the company in extending their distribution network in European region

The company has wide presence across North America.