Melissa officinalis is an herb which belongs to the Labiatae(mint) family commonly known as Lemon Balm. Melissa officinalis is a nativeherb of Europe and Latin America. In Brazil, Melissa officinalis appears tohave a medicinal presence and is referred to as 'erva-cidreira'. Melissaofficinalis extract is known to contain eugenol that in killing and suppressingthe growth of the bacteria. Melissa officinalis extract is widely used in thetreatment of digestive problems and helps in soothing stomach aches. Melissaofficinalis extract is widely used as a supplement as it acts as an effectiveanxiolytic and sedative agent. Melissa officinalis is also known to have apositive effect on the patient suffering from Alzheimer’s disease.
Market Segmentation:
Melissaofficinalis extract market is segment on the basis of form, distribution channel,application, and region. On the basis of form the market is segmented intopowder form, liquid form and capsule form. The most popular form among thesegment is the liquid form and is expected to dominate the segment in thecoming future. Many health supplements are now a days available in the capsuleform which makes it the second most dominated segment based on form. On thebasis of distribution channel the market is segmented into supermarkets orhypermarkets, convenience stores and online stores. It is expected thatsupermarkets/hypermarkets as well as the online segment will hold a relativelyhigher share in the Melissa officinalis extract market compared to conveniencestores. On the basis of application the Melissa officinalis extract market issegmented into cosmetic industry, pharmaceutical industry and food industry.Cosmetic industry is expected to hold the major market share in the forecast period,followed by the pharmaceutical industry. On the basis of region the Melissaofficinalis extract market is segmented into North America, Latin America, AsiaPacific, Europe and MEA.
Market Regional Outlook:
Regionalsegment for the market of Melissa officinalis extract is divided into fivedifferent regions: North America, Latin America, Asia Pacific and Japan, Europeand MEA. Among these segment Europe is expected to be the leader of Melissaofficinalis extract market and is expected to dominant the market in theforecaster period. In the region of Latin America, countries such as Brazil andMexico is the key market for Melissa officinalis extract. In terms ofrevenue Asia Pacific is the third prominent contributor of the Melissaofficinalis extract market.
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Market Drivers:
Melissaofficinalis extract is gaining its popularity in the global market because itoffers various therapeutic benefits such as: it helps in strengtheningthe functions of the stomach as well as intestine and helps in the preventionof Alzheimer’s disease which is expected to bolster the growth of the Melissaofficinalis extract market. Melissa officinalis extract is also used inmosquito repellant creams as from ancient time it is known to act againstmosquito bites. The soothing effect of Melissa officinalis oil is in agreat demand because it helps to relax the muscle and reduce body ache which isexpect to boost the Melissa officinalis extract market. Melissa officinalisextract used in supplement is a good stress buster and as hectic lifestylecoupled with mental stress makes Melissa officinalis extract supplement a greatlifestyle product, mental disorders, such as hysteria and melancholia can alsobe cured with the Melissa officinalis extract supplement, these compiled reasonsis anticipated to bolster the growth of the Melissa officinalis extract marketin the forecast period. Increasing opportunities in the food industry is also akey factor which is expected to drive the global Melissa officinalis extractmarket. Furthermore the market is also driven by the increasing awareness amongthe consumers about the health benefits associated with Melissa officinalisextract.
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Market Key Players:
Some ofthe key players in Melissa officinalis extract market are Nature’s Bounty , NOWfoods, New Chapter, Health and Herbs , Swanson Health Products , Brain Forza,Lotus Extracts, Vitacost, Nature’s way, Organica Biotech, Planetary Herbals,GNC Holdings Inc, Stakich, Inc and Solaray among others.
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