By 2034, the United Kingdom is expected to grow at a CAGR of 6.9%. The dietary supplement sector is expanding, with amla extracts being utilized for immune support, skin health, and overall wellness. Amla is also being added to functional foods and beverages like juices, teas, and energy bars, appealing to health-conscious consumers. Its benefits for skincare and haircare are driving its increasing use in cosmetic and personal care products for their nourishing and revitalizing properties
NEWARK, DE / ACCESSWIRE / July 15, 2024 / According to Future Market Insights (FMI), the worldwide amla extract market is set to reach USD 46.5 billion in 2024 and USD 81 billion by 2034. The market is projected to rise at a CAGR of 5.7% by 2034.
Amla extract is a key ingredient in dietary supplements, aiding in blood sugar and blood pressure regulation, weight management, disease prevention, and exercise recovery. The market is set to surge considerably due to rising healthcare costs and a growing global health consciousness.
The increasing working population, rising demand for ready-to-use products, and expanding retail markets are projected to fuel growth. The popularity of amla as a natural ingredient in personal care products is set to spur growth in the market. Furthermore, rising disposable income levels, food and beverage expenditure, and consumer awareness of healthy lifestyles are propelling growth.
Amla extract has numerous benefits for various body functions, including treating disorders and promoting regular bowel movements. Amla extract, known for its antifungal and antibacterial properties, is gaining traction for high effectiveness in treating hair problems, acting as a moisturizer, and reducing hair fall. The market is further influenced by economic growth, technological advancements, government regulations, and consumer trends.
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Growing Consumer Expenditure on Healthy Food Products Fueling the Market
The global amla extract market is surging owing to increased adoption by consumers from across the globe. There are several health benefits associated with regular intake of amla. Some of the benefits include eyesight improvement, skin rejuvenation, regulating blood sugar levels, and strengthening of the immune system.
Across the globe, many nutraceutical manufacturers are focusing on manufacturing health supplements by incorporating amla extracts to meet the demands of the health-conscious population. Amla extracts are well-known for their anti-inflammatory properties and are rich in Vitamin C, which assists in fighting against viral and bacterial ailments like cough, flu, and cold. Some research also suggests that amla has cancer-fighting properties, which prevent cancer cell development.
Key Takeaways from the Report:
The market is set to reach a valuation of USD 81 billion by 2034.
The market is projected to surge at a CAGR of 5.7% by 2034.
China is anticipated to grow at a CAGR of 6.5% by 2034.
The United States is projected to reach a valuation of USD 14.5 billion in 2034.
Based on form, the powder segment held a market share of 38% in 2023.
"Increasing demand for amla extracts due to anti-aging properties and ability to effectively cleanse and remove dead skin cells is largely driven by health consciousness. Manufacturers are introducing new products, including ready-to-consume variants, to expand their product portfolio and boost sales. Innovative marketing strategies and celebrity endorsements are further predicted to drive growth." says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
Dabur India Ltd., Organic India Pvt. Ltd., NutraGenesis LLC, and Natreon Inc. are key amla extract manufacturers listed in the report. The market is characterized by intense competition among key players, aiming to capitalize on the increasing demand for natural and functional ingredients.
Companies are focusing on strategic initiatives like new product launches, partnerships, and acquisitions to expand their portfolios and reach new consumer segments. Leading companies and manufacturers prioritize environmentally friendly practices, product certifications, and meeting the growing demand for natural ingredients.
Industry Update-
In 2023, Ranavat introduced Regenerative Veda Bond Complex Shampoo and Conditioner, a haircare product containing amla extract, ashwagandha, and sunflower seed oil.
Leading Amla Extract Brands
Dabur India Ltd.
Organic India Pvt. Ltd.
NutraGenesis LLC
Natreon Inc.
Avestia Pharma
Ambe Phytoextracts Pvt. Ltd.
Herbeno Herbals Pvt. Ltd.
Ayurceutics
Rusmolco
Indigo Herbs Ltd.
Aloecorp Inc.
Factors Contributing to the Market Growth
Growing consumption of amla extracts in pharmaceuticals, personal care, cosmetics, nutraceuticals, and food and beverage industries is one of the key market driving factors of amla extracts. Significant demand for functional foods and dietary supplements is anticipated to drive the demand for amla extract powder and pulp, resulting in the lucrative growth of the global market. Also, a considerable rise in the application of the product in the pharmaceutical industry is anticipated to drive the amla extracts market during the forecast period.
The broader shift towards plant-based products has induced changes in collagen formulators' source ingredients. Amla extracts, particularly in patented form, called Seaberry, are increasingly being used in nutricosmetics, specifically in China, Japan, and South Korea. In East Asian countries, the Nutri cosmetics market is relatively strong, and the usage of amla extracts as a natural ingredient is growing. Though at an emerging stage, the productive potential of Nutri cosmetics is expected to increase demand for amla extracts during the forecast period.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global amla extract market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the amla extract market based on form (powder, liquid, capsules, tablets, and others), nature (organic and inorganic), function (antioxidant, digestive health, skin care, immune support, cardiovascular health, weight management, hair care, and others), end-use (food and beverage, pharmaceuticals, cosmetic and personal care, dietary supplements, and others), distribution channel (online retail supermarket and hypermarkets, specialty stores, pharmacies and drugstores, and others), and region.
Key Segments of Market Report
By Form:
As per form, the sector has been categorized into powder, liquid, capsules, tablets, and others.
By Nature:
In terms of nature, the sector is divided into organic and inorganic.
By Function:
The industry is segregated into antioxidant, digestive health, skin care, immune support, cardiovascular health, weight management, hair care, and others.
By End-use:
A few of the leading end-uses include food and beverage, pharmaceuticals, cosmetic and personal care, dietary supplements, and others.
By Distribution Channel:
A few of the important distribution channels include online retail, supermarkets and hypermarkets, specialty stores, pharmacies and drugstores, and others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.
Report Preview: https://www.futuremarketinsights.com/reports/global-amla-extract-market
Authored by:
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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