Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Tongkat Ali Market by Type (Reagent Grade, Food Grade, Chemical Grade, Others), By Application (Functional Food and Nutrition, Skin Care Products, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Tongkat Ali Market by Type (Reagent Grade, Food Grade, Chemical Grade, Others), By Application (Functional Food and Nutrition, Skin Care Products, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 275760 4200 Pharma & Healthcare 377 233 Pages 4.9 (34)
                                          

Market Overview:


The global tongkat ali market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for functional food and nutrition, skin care products, and others applications across the globe. Additionally, the growing awareness about the health benefits of tongkat ali is also propelling the growth of this market. On the basis of type, reagent grade accounted for a major share of the global tongkat ali market in 2017. This segment is projected to grow at a CAGR of 6.8% from 2018 to 2030 owing to its wide application in various end-use industries such as functional food and nutrition, skin care products, and others applications. Food grade held second largest share in 2017 due its use as an ingredient in various food items such as bakery items, confectioneries etc., which are consumed by people across different regions globally.


Global Tongkat Ali Industry Outlook


Product Definition:


Tongkat ali (Eurycoma longifolia) is a Southeast Asian tree found in rainforests and jungles. The root of the tongkat ali tree has been used for centuries as a traditional medicine to treat various health problems such as fever, malaria, and low libido. Tongkat ali extract is made from the root of the plant and contains compounds that are claimed to improve sexual function, energy levels, mood, and cognitive function.


Reagent Grade:


Reagent grade is a highly purified and concentrated form of the herbal extract. It's produced by solvent extraction process from ethanolic or aqueous fraction of plant material using organic solvents such as ethanolamine, diethyl carbonate, d-limonene and water. The reagents are widely used in laboratories for research purposes to prepare precise and accurate extracts which have higher content of bioactive compounds than conventional products.


Food Grade:


Food grade is the highest quality available in the market. It has been used by food & beverage manufacturers to improve their product quality and add nutritional value. The main function of food-grade kencang is to increase bioavailability of nutrients which makes it easier for human body to absorb them, thus increasing its effectiveness.


In addition, it also helps enhance flavor.


Application Insights:


The others segment includes pharmaceuticals, nutraceuticals, and cosmetics. The functional food and nutrition application is expected to dominate the overall industry over the forecast period owing to rising health awareness among people worldwide. Rising demand for dietary supplements is also likely to contribute significantly towards segment growth during the study period.


Functional foods are considered beneficial in improving human health as they contain nutrients that help in maintaining a balanced diet plan. Tongkat ali has been used traditionally as a medicinal herb for centuries by native Indonesians for various ailments including impotence (erectile dysfunction or ED), fatigue, low sex drive (libido), weight loss resistance, bone fractures prevention, vision improvement (night blindness) hair growth improvement (hirsutism) aging skin problems etc. However, clinical trials are required to establish its efficacy and safety profile before it can be declared as a prescription medicine by regulatory authorities worldwide.


Regional Analysis:


Asia Pacific dominated the global tongkat ali market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for natural products coupled with growing health awareness among consumers. Increasing disposable income levels in countries such as China, India, Thailand and Indonesia are expected to further fuel regional product demand during the forecast period.


The Asia Pacific was followed by Europe wherein Germany accounted for a major share of revenue generation owing to high consumer spending on functional foods & beverages, dietary supplements and skin care products containing tongkat ali extract. North America also held a significant share of global industry revenue due to rising R&D initiatives undertaken by key players operating within this region towards developing novel drug molecules that have improved therapeutic properties similar to naturally derived compounds such as tongkat Ali Extracts (Tael). These factors are anticipated contribute towards increased penetration of bio-based chemicals within end-use industries thereby boosting regional growth over the next eight years.


Growth Factors:


  • Increasing awareness about the health benefits of Tongkat Ali is driving the market growth.
  • The increasing demand for natural and organic products is also propelling the market growth.
  • The growing popularity of traditional medicines is contributing to the market growth.
  • Rising disposable income of consumers is enabling them to purchase premium quality Tongkat Ali products.
  • Growing number of online retailers offering Tongkat Ali products is providing a boost to the market growth

Scope Of The Report

Report Attributes

Report Details

Report Title

Tongkat Ali Market Research Report

By Type

Reagent Grade, Food Grade, Chemical Grade, Others

By Application

Functional Food and Nutrition, Skin Care Products, Others

By Companies

Rainforest Herbs, Hunan Huacheng Biotech,Inc, AIGI, Changsha Active Ingredients Group,Inc., PT Tri Raharja, Power Root (M) Sdn

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

233

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Tongkat Ali Market Report Segments:

The global Tongkat Ali market is segmented on the basis of:

Types

Reagent Grade, Food Grade, Chemical Grade, Others

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

Functional Food and Nutrition, Skin Care Products, 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:

  1. Rainforest Herbs
  2. Hunan Huacheng Biotech,Inc
  3. AIGI, Changsha Active Ingredients Group,Inc.
  4. PT Tri Raharja
  5. Power Root (M) Sdn

Global Tongkat Ali Market Overview


Highlights of The Tongkat Ali Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Reagent Grade
    2. Food Grade
    3. Chemical Grade
    4. Others
  1. By Application:

    1. Functional Food and Nutrition
    2. Skin Care Products
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Tongkat Ali 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

Global Tongkat Ali Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Tongkat Ali is a herbaceous perennial plant that grows to 1-2 meters in height. The leaves are ovate, with serrated margins and a smooth surface. The flowers are small, white and fragrant, and grow in clusters at the top of the stem. The fruit is a capsule containing several black seeds.

Some of the key players operating in the tongkat ali market are Rainforest Herbs, Hunan Huacheng Biotech,Inc, AIGI, Changsha Active Ingredients Group,Inc., PT Tri Raharja, Power Root (M) Sdn.

The tongkat ali market is expected to register a CAGR of 6.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tongkat Ali Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Tongkat Ali Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Tongkat Ali Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Tongkat Ali Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Tongkat Ali Market Size & Forecast, 2018-2028       4.5.1 Tongkat Ali Market Size and Y-o-Y Growth       4.5.2 Tongkat Ali Market Absolute $ Opportunity

Chapter 5 Global Tongkat Ali Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Tongkat Ali Market Size Forecast by Type
      5.2.1 Reagent Grade
      5.2.2 Food Grade
      5.2.3 Chemical Grade
      5.2.4 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Tongkat Ali Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Tongkat Ali Market Size Forecast by Applications
      6.2.1 Functional Food and Nutrition
      6.2.2 Skin Care Products
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Tongkat Ali Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Tongkat Ali Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Tongkat Ali Analysis and Forecast
   9.1 Introduction
   9.2 North America Tongkat Ali Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Tongkat Ali Market Size Forecast by Type
      9.6.1 Reagent Grade
      9.6.2 Food Grade
      9.6.3 Chemical Grade
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Tongkat Ali Market Size Forecast by Applications
      9.10.1 Functional Food and Nutrition
      9.10.2 Skin Care Products
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Tongkat Ali Analysis and Forecast
   10.1 Introduction
   10.2 Europe Tongkat Ali Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Tongkat Ali Market Size Forecast by Type
      10.6.1 Reagent Grade
      10.6.2 Food Grade
      10.6.3 Chemical Grade
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Tongkat Ali Market Size Forecast by Applications
      10.10.1 Functional Food and Nutrition
      10.10.2 Skin Care Products
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Tongkat Ali Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Tongkat Ali Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Tongkat Ali Market Size Forecast by Type
      11.6.1 Reagent Grade
      11.6.2 Food Grade
      11.6.3 Chemical Grade
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Tongkat Ali Market Size Forecast by Applications
      11.10.1 Functional Food and Nutrition
      11.10.2 Skin Care Products
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Tongkat Ali Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Tongkat Ali Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Tongkat Ali Market Size Forecast by Type
      12.6.1 Reagent Grade
      12.6.2 Food Grade
      12.6.3 Chemical Grade
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Tongkat Ali Market Size Forecast by Applications
      12.10.1 Functional Food and Nutrition
      12.10.2 Skin Care Products
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Tongkat Ali Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Tongkat Ali Market Size 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 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Tongkat Ali Market Size Forecast by Type
      13.6.1 Reagent Grade
      13.6.2 Food Grade
      13.6.3 Chemical Grade
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Tongkat Ali Market Size Forecast by Applications
      13.10.1 Functional Food and Nutrition
      13.10.2 Skin Care Products
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Tongkat Ali Market: Competitive Dashboard
   14.2 Global Tongkat Ali Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Rainforest Herbs
      14.3.2 Hunan Huacheng Biotech,Inc
      14.3.3 AIGI, Changsha Active Ingredients Group,Inc.
      14.3.4 PT Tri Raharja
      14.3.5 Power Root (M) Sdn

Our Trusted Clients

Contact Us