Market Overview:
The global echinacea extract market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for echinacea extract as a dietary supplement and its use in traditional medicine. In addition, the growing awareness about the health benefits of echinacea extract is also contributing to the growth of this market. On the basis of type, reagent grade accounted for majority share of the global echinacea extract market in 2017. This can be attributed to its widespread use in research and development activities across various industries.
Product Definition:
A water-soluble extract derived from the aerial parts of Echinacea purpurea, E. angustifolia, or E.
Reagent Grade:
Echinacea purpurea and Echinacea angustifolia are the two main reagents used in herbal extract manufacturing. Reagent grade is a high-grade pure form of either one or both of these herbs, which is further processed to produce finished products such as tablets, capsules and teas. The growth factor for this segment is increasing consumer awareness regarding natural medicines coupled with rising health concerns across the globe.
Food Grade:
Food grade is the product that has passed through a series of quality checks to be used in food products. It is also known as culinary oil or edible oil. The main function of food-grade echinacea extract is to add color and taste to the food products without hampering its nutritional value.
The major raw materials for producing Food-grade Echinacea Extract are: Wheat, Corn, Flaxseeds, Safflower seeds.
Application Insights:
The others application segment held the largest market share of over 40% in 2017. Other applications include personal care, nutraceuticals and cosmetics. The global demand for echinacea extract is increasing due to its benefits as an immunity booster and antioxidant. It is used in various medicines which are prescribed by doctors for different diseases such as colds, flu, cough suppression, bronchitis & asthma relief among others.
Dietary supplements are expected to be the fastest-growing application segment with a CAGR of XX% from 2018 to 2030 owing to consumer¢â‚¬â„¢s awareness regarding better health through proper nutrition coupled with rising health concerns regarding obesity and nutritional deficiencies across regions including Middle East & Africa and Asia Pacific countries such as China Japan India Pakistan etcetera.
Regional Analysis:
North America dominated the global echinacea extract market in 2017. High consumer awareness and presence of key manufacturers in this region are responsible for its large share. In addition, increasing demand for dietary supplements is expected to propel the growth over the forecast period. Europe is also estimated to witness a significant rise due to growing consumer awareness regarding health and well-being along with rising disposable income levels.
Asia Pacific region is anticipated to grow at a lucrative rate owing to high unmet clinical needs coupled with rapidly improving healthcare infrastructure in emerging economies such as China and India, which are major consumers of echinacea extracts globally.
Growth Factors:
- Increasing demand for natural and herbal products for preventive healthcare
- Rising awareness about the health benefits of Echinacea Extracts
- Growing popularity of Echinacea Extracts as a dietary supplement
- Proliferation of online retail channels that offer Echinacea Extract supplements
- increasing research on the therapeutic potential of Echinacea Extract
Scope Of The Report
Report Attributes
Report Details
Report Title
Echinacea Extract Market Research Report
By Type
Reagent Grade, Food Grade, Medical Grade, Other
By Application
Medicine, Food Additive, Dietary Supplement, Others
By Companies
BIOFORCE AG, Jamieson Laboratories, New Natural Biotechnology Co.,Ltd, Xi an Rainbow Biotech, Shaanxi Jintai Biological Engineering Co., Ltd, Gonmisol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Echinacea Extract Market Report Segments:
The global Echinacea Extract market is segmented on the basis of:
Types
Reagent Grade, Food Grade, Medical Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Food Additive, Dietary Supplement, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BIOFORCE AG
- Jamieson Laboratories
- New Natural Biotechnology Co.,Ltd
- Xi an Rainbow Biotech
- Shaanxi Jintai Biological Engineering Co., Ltd
- Gonmisol
Highlights of The Echinacea Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reagent Grade
- Food Grade
- Medical Grade
- Other
- By Application:
- Medicine
- Food Additive
- Dietary Supplement
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Echinacea Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Echinacea extract is a natural product that has been used to treat a variety of health conditions for centuries. It is made from the root, stem, and leaves of the Echinacea plant.
Some of the key players operating in the echinacea extract market are BIOFORCE AG, Jamieson Laboratories, New Natural Biotechnology Co.,Ltd, Xi an Rainbow Biotech, Shaanxi Jintai Biological Engineering Co., Ltd, Gonmisol.
The echinacea extract market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Echinacea Extract Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Echinacea Extract Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Echinacea Extract Market - Supply Chain
4.5. Global Echinacea Extract Market Forecast
4.5.1. Echinacea Extract Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Echinacea Extract Market Size (000 Units) and Y-o-Y Growth
4.5.3. Echinacea Extract Market Absolute $ Opportunity
5. Global Echinacea Extract Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Echinacea Extract Market Size and Volume Forecast by Type
5.3.1. Reagent Grade
5.3.2. Food Grade
5.3.3. Medical Grade
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Echinacea Extract Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Echinacea Extract Market Size and Volume Forecast by Application
6.3.1. Medicine
6.3.2. Food Additive
6.3.3. Dietary Supplement
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Echinacea Extract Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Echinacea Extract Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Echinacea Extract Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Echinacea Extract Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Echinacea Extract Demand Share Forecast, 2019-2026
9. North America Echinacea Extract Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Echinacea Extract Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Echinacea Extract Market Size and Volume Forecast by Application
9.4.1. Medicine
9.4.2. Food Additive
9.4.3. Dietary Supplement
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Echinacea Extract Market Size and Volume Forecast by Type
9.7.1. Reagent Grade
9.7.2. Food Grade
9.7.3. Medical Grade
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Echinacea Extract Demand Share Forecast, 2019-2026
10. Latin America Echinacea Extract Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Echinacea Extract Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Echinacea Extract Market Size and Volume Forecast by Application
10.4.1. Medicine
10.4.2. Food Additive
10.4.3. Dietary Supplement
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Echinacea Extract Market Size and Volume Forecast by Type
10.7.1. Reagent Grade
10.7.2. Food Grade
10.7.3. Medical Grade
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Echinacea Extract Demand Share Forecast, 2019-2026
11. Europe Echinacea Extract Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Echinacea Extract Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Echinacea Extract Market Size and Volume Forecast by Application
11.4.1. Medicine
11.4.2. Food Additive
11.4.3. Dietary Supplement
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Echinacea Extract Market Size and Volume Forecast by Type
11.7.1. Reagent Grade
11.7.2. Food Grade
11.7.3. Medical Grade
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Echinacea Extract Demand Share, 2019-2026
12. Asia Pacific Echinacea Extract Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Echinacea Extract Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Echinacea Extract Market Size and Volume Forecast by Application
12.4.1. Medicine
12.4.2. Food Additive
12.4.3. Dietary Supplement
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Echinacea Extract Market Size and Volume Forecast by Type
12.7.1. Reagent Grade
12.7.2. Food Grade
12.7.3. Medical Grade
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Echinacea Extract Demand Share, 2019-2026
13. Middle East & Africa Echinacea Extract Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Echinacea Extract Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Echinacea Extract Market Size and Volume Forecast by Application
13.4.1. Medicine
13.4.2. Food Additive
13.4.3. Dietary Supplement
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Echinacea Extract Market Size and Volume Forecast by Type
13.7.1. Reagent Grade
13.7.2. Food Grade
13.7.3. Medical Grade
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Echinacea Extract Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Echinacea Extract Market: Market Share Analysis
14.2. Echinacea Extract Distributors and Customers
14.3. Echinacea Extract Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BIOFORCE AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jamieson Laboratories
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. New Natural Biotechnology Co.,Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xi an Rainbow Biotech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shaanxi Jintai Biological Engineering Co., Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gonmisol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
