Market Overview:
The global withania somnifera extract market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for health supplements and drugs across the globe. Withania somnifera extract is used as an ingredient in various health products and drugs owing to its medicinal properties. The key players in the global withania somnifera extract market are focusing on expanding their product portfolio and strengthening their distribution channels to cater to the growing demand for withania somnifera extract globally. The global withania somnifera extract market can be segmented on the basis of type, application, and region. On the basis of type, the global withania somnifera extract market can be segmented into capsule form and liquid form. Capsule form is expected to account for a larger share of the global withania somnifera Extract Market due to its ease of use and convenience over liquid form.
Product Definition:
Withania Somnifera Extract is a natural supplement that is derived from the Withania somnifera plant. It has been used for centuries in traditional Indian medicine to treat a variety of health conditions. Some of the key benefits associated with Withania Somnifera Extract include improved energy levels, better cognitive function, reduced stress and anxiety, and enhanced overall well-being.
Capsule:
Capsule is a small package containing active ingredients. It plays an important role of protecting the ingredients inside from negative effects of environment and other factors. In addition, it also helps in smooth delivery of the contents to consumer’s body. Withania somnifera extract, commonly known as WS or WSE is widely used for treatment against depression and stress among others due to its ability to boost mood and reduce anxiety levels in consumers having mental fatigue syndrome (MFS).
Liquid:
Liquid is the suspension of active ingredients in a solvent. In this case, it is used for the extraction of Withania somnifera (WSS) extract. The plant has been traditionally used to treat conditions like stress, anxiety and depression as well as anemia. Modern research has also shown that it can help reduce symptoms associated with Parkinson’s disease and Alzheimer’s disease.
Application Insights:
The drug segment dominated the global withania somnifera extract market in 2017, accounting for over 60.0% share of the total revenue. Increasing incidences of sleeplessness and insomnia among adults as well as old-age people are expected to drive demand for medicines containing WSE in near future.
Moreover, increasing awareness about health benefits associated with Withania somnifera is anticipated to fuel product demand in the forthcoming years. For instance, Withanolides exhibit antioxidant activity which helps prevent degenerative diseases including heart disease and cancer by reducing oxidative stress on cells [8]. Thus, regular consumption of WSE extracts protects against neurodegenerative disorders such as Alzheimer¢â‚¬â„¢s disease by enhancing brain function [9]. Such health benefits offered by this herb are likely to increase product demand from pharmaceutical sector over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a rise in demand for natural products owing to growing consumer awareness regarding health and well-being. In addition, increasing R&D activities by major companies is projected to fuel the growth of this regional market over the forecast period.
Asia Pacific withania somnifera extract market is anticipated to grow at a significant rate during the forecast period due to rising disposable income coupled with improving healthcare infrastructure and economic development in emerging countries such as China, India, Malaysia & Vietnam.
Growth Factors:
- Increasing demand for Withania Somnifera Extract from dietary supplements and nutraceuticals industry.
- Rising awareness about the health benefits of Withania Somnifera Extract among consumers.
- Growing popularity of herbal supplements and natural products over conventional medicines.
- Proliferation of online retail channels that offer a wide range of Withania Somnifera Extract products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Withania Somnifera Extract Market Research Report
By Type
Capsule, Liquid
By Application
Health Products, Drug
By Companies
Life Extension, Taos Herb Company, General Nutrition Centers, Jarrow Formulas, Huge Mountain, Organic India, The Vitamin Shoppe, NOW® Foods, Solgar, Piping Rock, Swanson
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Withania Somnifera Extract Market Report Segments:
The global Withania Somnifera Extract market is segmented on the basis of:
Types
Capsule, Liquid
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
Health Products, Drug
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:
- Life Extension
- Taos Herb Company
- General Nutrition Centers
- Jarrow Formulas
- Huge Mountain
- Organic India
- The Vitamin Shoppe
- NOW® Foods
- Solgar
- Piping Rock
- Swanson
Highlights of The Withania Somnifera 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:
- Capsule
- Liquid
- By Application:
- Health Products
- Drug
- 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 Withania Somnifera 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?
Withania somnifera extract is a plant-based product that has been traditionally used in India to improve sleep quality. It is also known as ashwagandha, withania, and winter cherry.
Some of the major players in the withania somnifera extract market are Life Extension, Taos Herb Company, General Nutrition Centers, Jarrow Formulas, Huge Mountain, Organic India, The Vitamin Shoppe, NOW® Foods, Solgar, Piping Rock, Swanson.
The withania somnifera extract market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Withania Somnifera Extract 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 Withania Somnifera Extract Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Withania Somnifera Extract 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 Withania Somnifera Extract 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 Withania Somnifera Extract Market Size & Forecast, 2018-2028 4.5.1 Withania Somnifera Extract Market Size and Y-o-Y Growth 4.5.2 Withania Somnifera Extract Market Absolute $ Opportunity
Chapter 5 Global Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Type
5.2.1 Capsule
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Applications
6.2.1 Health Products
6.2.2 Drug
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Withania Somnifera Extract 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 Withania Somnifera Extract 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 Withania Somnifera Extract Analysis and Forecast
9.1 Introduction
9.2 North America Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Type
9.6.1 Capsule
9.6.2 Liquid
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 Withania Somnifera Extract Market Size Forecast by Applications
9.10.1 Health Products
9.10.2 Drug
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 Withania Somnifera Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Type
10.6.1 Capsule
10.6.2 Liquid
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 Withania Somnifera Extract Market Size Forecast by Applications
10.10.1 Health Products
10.10.2 Drug
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 Withania Somnifera Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Type
11.6.1 Capsule
11.6.2 Liquid
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 Withania Somnifera Extract Market Size Forecast by Applications
11.10.1 Health Products
11.10.2 Drug
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 Withania Somnifera Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Withania Somnifera Extract 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 Withania Somnifera Extract Market Size Forecast by Type
12.6.1 Capsule
12.6.2 Liquid
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 Withania Somnifera Extract Market Size Forecast by Applications
12.10.1 Health Products
12.10.2 Drug
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) Withania Somnifera Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Withania Somnifera Extract 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) Withania Somnifera Extract Market Size Forecast by Type
13.6.1 Capsule
13.6.2 Liquid
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) Withania Somnifera Extract Market Size Forecast by Applications
13.10.1 Health Products
13.10.2 Drug
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 Withania Somnifera Extract Market: Competitive Dashboard
14.2 Global Withania Somnifera Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Life Extension
14.3.2 Taos Herb Company
14.3.3 General Nutrition Centers
14.3.4 Jarrow Formulas
14.3.5 Huge Mountain
14.3.6 Organic India
14.3.7 The Vitamin Shoppe
14.3.8 NOW® Foods
14.3.9 Solgar
14.3.10 Piping Rock
14.3.11 Swanson