Global Asparagus Extract Market, By Product (Liquid, Powder), End User Industry (Food and Beverage Industry, Cosmetics and Personal Care Industry, Pharmaceuticals Industry), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Asparagus Extract Market Analysis and Insights
Data Bridge Market Research analyses that the global asparagus extract market to account USD 0.58 million by 2029 growing at a CAGR of 6.7% in the forecast period of 2022 to 2029.
Asparagus extract, commonly known as Shatavari extract, is extracted from Asparagus racemosus or Asparagus officinalis. Asparagus racemosus is employed in industries such as nutraceuticals and pharmaceuticals since Ayurveda suggests it for the treatment of dyspepsia and stomach ulcers. Asparagus extract is made from the plant's spears, root, and stem. Powder, pill, and liquid asparagus extract are all available. Copper, selenium, natural folate, vitamin K, B1, B2, C, and E are all abundant in asparagus extract.
The rise in consumer health awareness has resulted in a shift in the global market, as customers are increasingly looking for organic, easy to eat, and beneficial to their health. Asparagus extract is aligned with all of the trends and possesses antioxidant, antidepressant, and cholesterol-lowering properties, which is predicted to propel the asparagus extract market forward.
The use of herbal medications may entice pharmaceutical and health-care firms to employ asparagus extract, which is likely to be one of the primary drivers of the asparagus extract market's growth. Ina addition, the affluence of consumption and longer shelf life in pickled form resulting in growing sales which will create ample opportunities for the asparagus extract market in the forecast period of 2022 to 2029.
However, there is a paucity of knowledge on the proper dosing range for asparagus extract. The dose may differ depending on the consumer's age, health, gender, and other factors. Consumers' lack of information about the asparagus extract dose may result in allergies, weight loss, and other health issues as a result of overdosing, which is projected to limit the asparagus extract market's growth.
This asparagus extract 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 asparagus extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Asparagus Extract Market Scope and Market Size
The asparagus extract market is segmented on the basis of product and end user industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the asparagus extract market is segmented into liquid, and powder.
- On the basis of end user industry, the global asparagus extract market is segmented into food and beverage industry, cosmetics and personal care industry, and pharmaceuticals industry.
Asparagus Extract Market Country Level Analysis
The asparagus extract market is analyses and market size, volume information is provided by country, product and end user industry as referenced above.
The countries covered in the asparagus extract market report 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).
North America dominates the asparagus extract market due to the high degree of awareness among consumers regarding health benefits of asparagus resulting in high consumption. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2022 to 2029 because of the consumption of asparagus in some parts of the region due to awareness of its health benefits.
The country section of the asparagus extract 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.
Competitive Landscape and Asparagus Extract Market Share Analysis
The asparagus extract 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 asparagus extract market.
The major players operating in the asparagus extract market report are Chi's Enterprise, Inc., SA Herbal Bioactives LLP, SV Agrofood, Herbo Nutra, Sava Healthcare Limited, Xi'an Tianrui Biotech Co., Ltd, Maypro Industries, Inc., Shreedha Phyto Extracts, Navchetana Kendra, and Allpure Organics, among others. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.