Global Ashwagandha Supplements Market, By Type (Capsule, Liquid, Powder), Uses (Calming the Brain, Reduce Swelling, Lower Blood Pressure, Alter the Immune System), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The ashwagandha supplements market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 0.62 billion and grow at a CAGR of 9.60% in the above-mentioned forecast period. Increasing availability of medicine properties from the plant health benefits such as reducing blood sugar level, stress & anxiety acts as an essential factor driving the ashwagandha supplements market.
Ashwagandha extract is defined as an ayurvedic medicine which is natural and is used for treating variety of health conditions. Ashwagandha is also known as Withania Somnifera, and is also recognized as Indian ginseng, poison gooseberry, and winter cherry has been used from ancient times in many cultures for its numerous health benefits.
Rise in the sale of product of research and activities & medicinal consumption by the population is a vital factor escalating the market growth, also rise in demand for dietary supplements due to rising health concerns among consumers, increasing favorable government initiatives to address health concerns, especially in developing countries, higher demand for herbal supplements, increasing online sales of dietary supplements, rising demand for supplements in developing countries, increase in the number of working parents in urban region is affecting nutrient consumption in children due to consumption of fast foods, which in turn is rising demand for the supplements and extensive growing awareness for maintaining digestive health are the major factors among others driving the ashwagandha supplements market. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the ashwagandha supplements market in the forecast period of 2021- 2028.
However, rising lesser awareness about the benefits of the product as well as lack of reach in the developing as well as under-developing nations are the major factors among others acting as restraints, and will further challenge the ashwagandha supplements market in the forecast period.
The ashwagandha supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ashwagandha supplements market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The ashwagandha supplements market is segmented on the basis of type, uses and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of type, the ashwagandha supplements market is segmented into capsule, liquid and powder.
- Based on uses, the ashwagandha supplements market is segmented into calming the brain, reduce swelling, lower blood pressure and alter the immune system.
- The ashwagandha supplements market is also segmented on the basis of distribution channel into hospital pharmacy, retail pharmacy and online pharmacy.
Ashwagandha Supplements Market Country Level Analysis
The ashwagandha supplements market is analysed and market size insights and trends are provided by country, packaging type and distribution channel as referenced above.
The countries covered in the ashwagandha supplements market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
Europe dominates the ashwagandha supplements market due to increase in the sale of product of research and activities & medicinal consumption by the population, rise in demand for dietary supplements due to rising health concerns among consumers and rising favorable government initiatives to address health concerns in this region.
The country section of the ashwagandha supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Ashwagandha Supplements Market Share Analysis
The ashwagandha supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the ashwagandha supplements market.
The major players covered in the ashwagandha supplements market report are Kanta Enterprises Private Limited, Konark Herbals & Health Care, Himalayan Herbaria Inc, The Bangalore Sales Corporation., RKS Health Care, Natural Holistics, A1 Oil India, His Pharmaceuticals Private Limited, Kan Phytochemicals Private Limited, Alpspure Lifesciences Private Limited, Pukhraj Herbal MANDSAUR., Kumaon Exports Pvt. Ltd, Venkatesh Naturals and Unicorn Natural Products Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.