Global Ashwagandha Extract Sales to Total US$ 1,523 Million by 2033 Amid Rising Demand for Natural and Herbal Products | Future Market Insights, Inc.

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Demand in the market remains high for powdered ashwagandha extracts. This is due to the multiple benefits of powdered ashwagandha extracts, including their cost-effectiveness and extended shelf life.

Several factors will drive the global ashwagandha extract market growth through 2033. These include growing demand for natural and herbal products and increasing awareness about the health benefits of ashwagandha.

Though scientific inquiry and commercialization of the ashwagandha plant are in the early stages, the extract obtained from its roots has already affected a profitable market. The demand for ashwagandha extracts in food & beverage, pharmaceutical, nutraceutical, cosmetic, and other emerging sectors is expected to strengthen the market through 2033.

General ignorance regarding the nutritional and health advantages of ashwagandha or its availability in extract form is expected to remain a critical constraint for market players. However, the growing acceptance of the product in popular culture and its frequent mention in social media channels is anticipated to increase its demand dramatically.

"The growing inclination of citizens, particularly in North America and Europe, toward organic and natural herbal products is expected to create opportunities for the ashwagandha extract market. The retail market for ashwagandha extracts is highly brand-recognizable, with premium or famous vendors achieving higher sales in most of the regions," – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Global Ashwagandha Extract Market Study Report

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Competitive Landscape of Ashwagandha Extract Market and Recent Industry Developments

The overall market is highly concentrated in countries across the Asia Pacific, with a handful of multinational pharmaceutical and natural herbal companies having a greater share of the global revenue. Key companies are concentrating on introducing novel products into the market to boost their sales. They are also implementing strategies such as collaborations, agreements, and acquisitions.

Recent Developments by Leading Ashwagandha Extract Companies:

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In its new offering, Future Market Insights (FMI) provides an unbiased analysis of the global ashwagandha extract market, presenting historical demand data (2018 to 2022) and forecast statistics from 2023 to 2033.

The study incorporates compelling insights on the ashwagandha extract market based on form (powder and liquid), application (dietary supplements, traditional medicine (Ayurveda), foods and beverages, and others), and sales channel (business-to-business (B2B), the business-to-consumer (B2C) [hypermarkets or supermarkets, specialty stores, drug stores and pharmacies, convenience stores, online retail channels], and other sales channels) across several regions.

Unveiling the Dynamics of the Ashwagandha Extract Market: Access Our Comprehensive Research Methodology

About the Food and Beverage Division at Future Market Insights (FMI)

Expert analysis, actionable insights, and strategic recommendations – the food and beverages team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the food and beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About the Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. 

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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