According to the report published by Extrapolate market, The Adaptogens Market was valued at approximately USD 10.1 billion in 2022 and is projected to reach USD 18.3 billion by 2032, registering a compound annual growth rate of approximately 6.1% during the forecast period of 2023 to 2032. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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- Givaudan
- Gaia Herbs
- Goldmine Adaptogens
- Himalaya Wellness
- Ingredion
- Natalia Botanicals
- NOW Foods
- PLT Health Solutions
- REBBL
- Unilever
- Xi'an Greena Biotech Co., Ltd
The report offers detailed segmentation of the global adaptogens market based on source, nature end use, application, distribution channel, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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The Asia Pacific region holds a dominant share in the global adaptogen market, driven by its widespread use in Ayurvedic medicine. Countries like India, Korea, and China have a rich history of using herbs in traditional medicine and incorporating adaptogens into their cuisines. The growing prevalence of diseases such as diabetes and the recognition of adaptogens' therapeutic properties, including their ability to reduce anxiety and stress, increase muscle mass, and more, are driving the demand for these products. North America is poised to hold the largest share of the adaptogen market, driven by the growing prevalence of stress-related health issues and increasing demand for natural and preventive health solutions.
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Market Segmentation: -
By Source
- Astragalus
- Turmeric
- Ashwagandha
- Ginseng
- Cordyceps
- Others
By Nature
- Natural
- Synthetic
By Application
- Powder
- Capsule
- Tea & Beverages
- Others
By End-use
- Nutraceuticals
- Cosmetics & Personal Care
- Food & Beverages
- Pharmaceuticals
- Animal Feed
- Others
By Distribution Channel
- Online
- Offline
Key findings of the study
- On the basis of source, the ashwagandha segment dominated the Adaptogens Marketin the year 2021.
- On the basis of end use, the capsules segment is likely to be the fastest growing segment with a CAGR of 6.1% during the forecast period.
- On the basis of application, dietary and sports supplements segment is likely to be the fastest growing segment with a CAGR of 6.9% during the forecast period.
- On the basis of distribution channels, the business to business is likely to be the fastest growing segment with a CAGR of 6.3% during the forecast period.
- Region wise, Asia-Pacific dominated the global adaptogens market.
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