Middle East and Africa Ashwagandha Market, By Type (KSM-66, Sensoril, Hydro-alcoholic Ashwagandha, Crude Ashwagandha, Others), Product Type (Ashwagandha Root Product, Ashwagandha Leaf Products, Ashwagandha Leaf and Root Mix Product), Withanolides Content (1% Withanolides, 2% Withanolides, 2.5% Withanolides, 5% Withanolides, 10% Withanolides), Category (Regular, Full Spectrum), Form (Powder, Capsule, Liquid), Function (Improved Stamina, Improved Immunity, Overall Wellbeing, Reduced Anxiety and Stress, Brain Health, Muscle Strength), Application (Food & Beverages, Pharmaceutical, Dietery Supplements, Sports Nutrition, Others) Country (UAE, Saudi Arabia, South Africa, Kuwait, and Rest of Middle East and Africa) Industry Trends and Forecast To 2029.
Market Analysis and Insights: Middle East and Africa Ashwagandha Market
The Middle East and Africa ashwagandha market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.5% in the forecast period of 2022 to 2029 and is expected to reach USD 6.26 million by 2029. Increasing demand for ashwagandha dietary supplements owing to Busier Lifestyle and increasing demand in pharmaceutical sector acts as a driver for Middle East and Africa Ashwagandha Market in the forcasted period.
Ashwagandha is a natural herb, which is used for treating variety of health conditions. It is commonly known as Withania Somnifera, also recognized as Indian ginseng, poison gooseberry, and winter cherry has been used from ancient times in many cultures for its health benefits such as indian ayurvedic system uses withania somnifera as medicine Rasayana (tonic), particularly since a nerve tonic. Ashwagandha is considered an effective ingredient for maintaining the vitality and rejuvenation and boosting general health.
The leaves and root of this short herb have versatile medicinal values. It is used for various kinds of disease processes and especially as a nervine tonic of Herbal Extracts or Herbal powders. Ashwagandha is a medicinal herb that helps to cure various diseases such as cancer, diabetes, and others. The ashwagandha extract proves beneficial for reducing the blood sugar levels, improves concentration, enhances brain functioning, and helps to relieve stress. Thus, there is a high demand for ashwagandha extract from the pharmaceutical industry
Rising demand for herbal medicines as a cure to various health ailments including constipation, arthritis, stress, diabetes, insomnia and gastrointestinal issues and high awareness about their benefits among consumers is largely expected to boost growth in the Middle East and Africa ashwagandha market.
The major restraint which is impacting the Middle East and Africa ashwagandha market negatively are lack of awareness amonst people regarding benefits of ashwagandhawhich are restraining the growth in the Middle
East and Africa ashwagandha market.
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Middle East and Africa Ashwagandha Market Scope and Market Size
Middle East and Africa ashwagandha market is segmented into seven notable segments, based on type, product type, withanolides content, category, form, function and application.
- On the basis of type, the Middle East and Africa ashwagandha market is segmented into KSM-66, sensoril, hydro-alcoholic ashwagandha, crude ashwagandha, and others. In 2022, KSM-66 sensoril are expected to dominate the Middle East and Africa ashwagandha market dur to availability of various KSM-66 product on different helath conditions.
- On the basis of product, the Middle East and Africa ashwagandha market is segmented into ashwagandha root product, ashwagandha leaf products and ashwagandha leaf and root mix product. In 2022, ashwagandha root product is expected to dominate the Middle East and Africa ashwagandha market,due to high concentration of essential chemical constituesnts like withanolides are present in the root.
- On the basis of withanolides content, the Middle East and Africa ashwagandha market is segmented into 1% withanolides, 2% withanolides, 2.5% withanolides, 5% withanolides, 10% withanolides and others. In 2022, 5% withanolides segment is expected to dominate the Middle East and Africa ashwagandha market due to availability of 5% withanolides for various health conditions such as anxiety, muscle health etc.
- On the basis of category, the Middle East and Africa ashwagandha market is segmented regular and full spectrum. In 2022, full spectrum segment is expected to dominate the ashwagandha market due to its ability to improve an individual's resistance towards stress.
- On the basis of form, the Middle East and Africa ashwagandha market is segmented into powder, capsule and liquid. In 2022, powder segment is expected to dominate the global ashwagandha market, as powder is readily available in the market with extended shelf life than other form.
- On the basis of function, the Middle East and Africa ashwagandha market is segmented improved stamina, improved immunity, overall wellbeing, reduced anxiety and stress, brain health and muscle strength. Muscle strength is segmented into muscle recovery and muscle size & strength. In 2022, reduced anxiety and stress segment is expected to dominate the global ashwagandha market due to availability of various adaptogen products of ashwagandha in the market.
- On the basis of application, the Middle East and Africa ashwagandha market is segmented into food & beverages, pharmaceutical, dietery supplements, sports nutrition and others. In 2022, dietery supplements segment is expected to dominate the global ashwagandha market dur in increase in the awareness of ashwagandha dietary supplement among the consumer.
Middle East and Africa Ashwagandha Market Country Level Analysis
Middle East and Africa ashwagandha market is analysed and market size information is provided by the country, on type, product type, withanolides content, category, form, function and application as referenced above.
The countries covered in Middle East and Africa ashwagandha market report are UAE, Saudi Arabia, South Africa, Kuwait, and rest of Middle East and Africa.
- In Middle East and Africa ashwagandha market , UAE is dominating the market due to growing demand of neutraceutical products in the region. Saudi arabia is expected to dominat the market due to increased demand for ashwagandha herbal medicines. South Africa is also dominates the market owing to growing demand for ashwagandha in pharmaceutical industry.
The country section of the 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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Ashwagandha is Boosting the Market Growth of Ashwagandha market.
Middle East and Africa Ashwagandha Market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2012 to 2020.
Competitive Landscape and Middle East and Africa Ashwagandha Market Share Analysis
Middle East and Africa ashwagandha 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, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa Ashwagandha Market.
Some of the major players operating in the Middle East and Africa ashwagandha market are KSM66 ASHWAGANDHA, Sabinasa, Creative Enzyme, Herbochem and Simply By Nature Ltd among others among others., domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many developments are also initiated by the companies’ worldwide which are also accelerating the Middle East and ashwagandha market .
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the Middle East and Africa ashwagandha market which also provides the benefit for organization’s profit growth.
Customization Available: Middle East and Africa Ashwagandha Market
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