Adaptogens - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Adaptogens Market is accounted for $9.80 billion in 2019 and is expected to reach $19.20 billion by 2027 growing at a CAGR of 8.8% during the forecast period. While factors like growing consumer awareness related to the consumption of healthier food products and demand for plant-based beverages are driving the market growth. However, the untapped market potential and volatility in raw material supply are hampering the market growth.
Adaptogens are the mixture of plant and herbs ingredients that are claimed to facilitate the human body to stabilize their physiological processes, better management of stress, and promotion of homeostasis. These are often seen in various Ayurvedic and Chinese healing traditions. These healing processes and ways are catching a trend in recent years to manage stress and researchers all over the world are tending to produce many products using the same.
Based on the end user, the cosmetic & personal care segment is going to have a lucrative growth during the forecast period due to the combinations of cosmeceuticals and nutraceutical for reversing the biological ageing process by using enriching cosmetic products with adaptogens.
By geography, North America is likely to have a huge demand during the forecast period due to huge adoption rate in the region. As the sixth leading cause of death in the US, stress has become a major health issue for its ability to cause other damaging health issues such as high blood pressure, heart disease, and obesity. Adaptogens are herbs that train the body to counteract stressors of all types (physical, chemical, or biological).
Some of the key players profiled in the Adaptogens Market include MB-Holding GmbH & Co. KG, PLT Health Solutions, Inc., Xi'an Greena Biotech Co. Ltd, Xian Yuensun Biological Technology Co. Ltd, REBBL, Amax NutraSource, Changsha Organic Herb Inc, Organic India, Nutra Industries, and NutraCap Labs.
Sales Channels Covered:
• Convenience Stores
• Direct/Business-to-Business (B2B)
• Health & Wellness Stores
• Online Retailing
• Specialty Stores
• Other Retailing Format
• Holy Basil
End Users Covered:
• Animal Feed
• Cosmetics & Personal Care
• Food & Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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