Global Rhodiola Extract Market, By Type (1% Salidroside, 3% Salidroside, 10% Salidroside), Form (Liquid, Powder, Tablet/Capsule), Nature (Organic, Conventional), Application (Medicine, Cosmetics, Dietary Supplements, Health Care Products) 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 2028
Rhodiola extract market size is expected to grow at a compound annual rate of 6.3% in the forecast period 2021 to 2028 and is likely to reach USD 2.60 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of rhodiola extract market in the forecast period of 2021 to 2028.
Rhodiola also known as rhodiola rosea is a perennial herb home-grown in arctic and mountainous region of Asia, Europe and North America. Rhodiola rosea is also known as roseroot, golden root, and arcticroot, and has been used traditionally for medicinal purpose. Rhodiola is known for its invigorating effects on the nervous system, lessening depression, escalating physical endurance, efficiency and resistance to high altitude sickness.
The major growing factor towards rhodiola extract market is the rise in usage to increase productivity and provide resistance to high altitude sickness. Furthermore, the rise in the health consciousness and the high adoption of to increase energy, stamina, strength and mental capacity are also expected to heighten the overall demand for rhodiola extract market over the forecast period of 2021 to 2028. Moreover, the rise in demand due to the medicinal purpose and rise in the trend of using natural dietary supplements and herbal medicine are also expected to serve as foremost drivers for the rhodiola extract market at a global level. In addition, the rise in the popularity of rhodiola extract based product in the developed market is also lifting the growth of the rhodiola extract market.
However, the various side effects associated with rhodiola extract such as hypersalivation, restlessness, insomnia and agitation are projected to act as a restraint towards the growth of rhodiola extract market, whereas the shortage of raw material will subsequently increase the price of rhodiola rosea extract based products which can challenge the growth of the rhodiola extract market.
Moreover, the rise in the usage of rhodiola rosea as an adaptogen and the high demand of the rhodiola extract based products are expected to further generate new opportunities for the rhodiola extract market in the forecast period of 2021 to 2028.
This rhodiola 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 localized 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 rhodiola 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 Rhodiola Extract Market Scope and Market Size
Rhodiola extract market is segmented on the basis of type, form, nature and application. The growth among segments helps you analyze 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 type, the rhodiola extract market has been segmented into 1% salidroside, 3% salidroside and 10% salidroside.
- The form segment of the rhodiola extract market has been segmented into liquid, powder and tablet/capsule.
- Based on nature, the rhodiola extract market has been segmented into organic and conventional.
- On the basis of application, the rhodiola extract market has been segmented into medicine, cosmetics, dietary supplements and health care products.
Rhodiola Extract Market Country Level Analysis
Rhodiola extract market is analyses and market size, volume information is provided by country, type, form, nature and application as referenced above.
The countries covered in the rhodiola extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 leads the rhodiola extract market due to the favorable geographical condition as rhodiola rosea plant. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in the awareness regarding the various health benefits which has been proved by some clinical studies and therefore resulted in a high traction of rhodiola extract based products.
The country section of the rhodiola 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 Rhodiola Extract Market Share Analysis
Rhodiola 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 rhodiola extract market.
The major players covered in the rhodiola extract report are Herbo Nutra, Nutra Green Biotechnology Co.,Ltd., Golden Horizon Technology Co., Ltd., Xi'an Lanyor Biotech Co., Ltd., Nutragreenlife Biotechnology Co.Ltd., Bioway (Xi'An) Organic Ingredients Co.,Ltd., Ningbo J&S Botanics Inc., Lonza, Martin Bauer Group, Organic Herb Inc., AdvaCare Pharma, PLT Health Solutions, Solgar Inc., Nutracraft, Gaia Herbs, Nisarg Life Sciences Private Limited, GCI Nutrients, Inc., Sinoway Industrial co., ltd., Xi'an Greena Biotech Co.,Ltd., and aSquared Brands, LLC 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.