Sector to reach $20.32 billion by 2031 at 7.3% CAGR

DUBLIN, January 25, 2023 /PRNewswire/ — By Source, By End Use, By Application, By Distribution Channel: Global Industry Opportunity Analysis and Forecast, 2021-2031″ report added to ResearchAndMarkets.com supply.

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The adaptogens market size was estimated at $10,320.2 million in 2021 and is expected to reach $20,328.6 million to 2031, registering a CAGR of 7.3% from 2022 to 2031.

Adaptogens come in many forms such as adaptogen teas and premixed powders consisting of adaptogens that can be consumed with food and in capsule form. Among all these forms, adaptogen powder premix holds a major market share due to its ability to be consumed with food as well as by mixing in a liquid such as water.

A major factor driving the growth of the adaptogens market is the increase in stress among consumers across the globe. A study by the American Institute of Stress found that about 73% of people have stress that affects their mental health, with 48% of people having trouble sleeping due to stress.

According to reports from the Global Stress Organization, almost 75% of people have experienced moderate to high levels of stress in recent years. And to cure that kind of stress, adaptogen tends to be a new pharmaceutical solution for it. Additionally, there is a growing demand for adaptogen from the beverage industry and health food consumers as adaptogen is available in powder form, which helps reduce anxiety and increase mental stability.

On the basis of application, the adaptogen market is segmented into food and beverages, dietary and sports supplements, cosmetics, animal feed, and pharmaceuticals. Among all the segments, food and beverages hold the largest market share due to the use of adaptogen in meals and in the form of beverages such as tea as a supplement.

Asia-Pacific region has a large share for the global adaptogen market. The growth is due to the fact that adaptogens are widely used in Ayurveda, which is widely practiced in India and ultimately leads to significant market growth in India. Other Asian countries like South Korea and China are among the largest users of adaptogens in traditional medicine.

Furthermore, rising demand from emerging economies and increasing use of adaptogens in food and beverages and dietary and sports supplements will create new opportunities for manufacturers in the adaptogens market in the coming future. However, rising R&D cost is acting as a major restraining factor and is expected to be an additional challenge for the adaptogens market in the coming future.

The adaptogens market is segmented on the basis of source, end-use, application, and region. On the basis of source, the market is classified into ashwagandha, ginseng, astragalus, holy basil, rhodiola rosea, schizandra, adaptogenic mushrooms, and others. Depending on the end use, it is classified into powder, capsules, teas and drinks and others.

On the basis of application, it is classified into food and beverages, dietary and sports supplements, cosmetics, animal feed, and pharmaceuticals. By distribution channel, the market is classified into business-to-business and business-to-consumer.

As for the region, it is analyzed everywhere North America (United States, Canadaand Mexico), Europe (United Kingdom, Germany, France, Italy, Spainand the rest of Europe), Asia-Pacific region (China, Japan, India, South Korea, Australiaand the rest of Asia-Pacific region) and LAMEA (Latin Americaon Middle Eastand Africa).

Key benefits for stakeholders

  • This report provides quantitative analysis of market segments, current trends, estimates and dynamics of Adaptogens market analysis from 2021 to 2031 to identify prevailing Adaptogens market opportunities.

  • The market study is offered along with information related to key drivers, restraints, and opportunities.

  • Porter’s five forces analysis highlights the potential of buyers and suppliers to empower stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • An in-depth analysis of Adaptogens market segmentation helps identify prevailing market opportunities.

  • The major countries in each region are mapped according to their revenue contribution to the global market.

  • The positioning of the players in the market facilitates benchmarking and provides a clear understanding of the current position of the players in the market.

  • The report includes analysis of regional and global adaptogens market trends, key players, market segments, application areas, and market growth strategies.

Key players in the market

  • Dabur India Ltd

  • Emami Limited

  • Kairali Ayurvedic Group

  • Himalayan Wellness

  • Colgate-Palmolive Company

  • Procter and Gamble

  • Patanjali Ayurveda Limited

  • Shahnaz Ayurveda Pvt. Ltd.

  • Shree Baidyanath Ayurveda Bhawan Pvt. Ltd

  • Unilever

  • ENOMARK BIOTECH (ENOMARK HEALTHCARE)

  • Riaan Wellness Pvt. Ltd

  • Givaudan International SA (NATUREX SA)

  • PLT Health Solutions

  • INDENA SPA

Key findings from the study

  • On the basis of source, the ashwagandha segment dominates the adaptogens market in 2021.

  • On the basis of end-use, the capsules segment is likely to be the fastest growing segment with a CAGR of 9.6% during the forecast period.

  • Based on application, the dietary and sports supplements segment is likely to be the fastest growing segment with a CAGR of 8.8% during the forecast period.

  • Based on distribution channels, business-to-business is likely to be the fastest growing segment with a CAGR of 7.8% during the forecast period.

  • Regarding the region, Asia-Pacific region dominates the global adaptogen market.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: ADAPTOGENS MARKET BY SOURCE

CHAPTER 5: END-USE ADAPTOGENS MARKET

CHAPTER 6: ADAPTOGENS MARKET, BY APPLICATION

CHAPTER 7: ADAPTOGENS MARKET BY DISTRIBUTION CHANNELS

CHAPTER 8: ADAPTOGENS MARKET, BY REGION

CHAPTER 9: COMPANY LANDSCAPE

CHAPTER 10: COMPANY PROFILES

For more information on this report, visit https://www.researchandmarkets.com/r/4kookn-market?w=5

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