Global Banaba Leaf Extract Market was valued US$ xx Mn in 2019 and is expected to grow about US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Banaba Leaf Extract Market
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Banaba leaf extract is used as a traditional remedy for the diabetes in India, the Philippines, and other southeast Asian countries. As medical research states, the anti-diabetic effect of banaba leaf extract is because of the presence of corosolic acid. The banaba leaf extract is also used in many weight loss formulations. In addition to this, banaba leaf extract also helps to maintain normal levels of antioxidants. This natural herbal extract has gained significant attention from the diabetic population who are considering it as a better and safe diabetes medicine and therefore creating a huge demand globally.
The growth of the herbal healthcare market remains persistent because of its demand for healthy and safe to use products. The sedentary lifestyle among people is generating an increasing demand for health and wellness-promoting supplements. Consumers looking for a safer alternative to pharmaceutical medicines have approached herbal products like banaba leaf extract. The western countries are tending towards the Ayurvedic preparation attracting the Ayurvedic producers to sell their products worldwide. The trust among consumers of Ayurvedic products supported by the information available worldwide this factor is expected to fuel the market growth of banaba leaf extract. For example, EastGate Biotech Corp. the use of nanotechnology to increase the blood-glucose dropping ability of banaba leaf extract is expected to drive market growth globally.
By the dosage form segment, the capsule formulation being more popular and is expected to withstand its steady growth rate during the forecast period. Also, increasing health consciousness and the availability of quick information available online are expected to supplement the growth in sales of capsules formulation along with the online retail distribution channel segment.
By region, global banaba leaf extract market is segmented into the Asia Pacific, North America, Latine America, Europe, and the Middle East. Asia-pacific is expected to hold the largest market share of xx% in the global market by 2027. Japan with its high share in demand with the massive popularity of traditional medicine and its benefits has become the exporter of the banaba leaf extract in the world and the wide acceptance of herbal health products in other developed countries like the US, Canada, France, and the U.K. has generated more demand and so it is expected to show an enhanced growth in the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Banaba Leaf Extract Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Banaba Leaf Extract Market dynamics, structure by analyzing the market segments and project the Global Banaba Leaf Extract Market size. Clear representation of competitive analysis of key players By Dosage Form, price, financial position, product portfolio, growth strategies, and regional presence in the Global Banaba Leaf Extract Market make the report investor’s guide.
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Scope of the Global Banaba Leaf Extract Market
Global Banaba Leaf Extract Market, By Dosage Form
• Powder
• Capsules
• Tinctures
Global Banaba Leaf Extract Market, By Distribution Channel
• Retail Stores
• Specialty Stores
• Online Retail
Global Banaba Leaf Extract Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Banaba Leaf Extract Market
• Nutra Green Biotechnology Co., Ltd.
• JIAHERB Inc.
• Eastgate Biotech Corp.
• Cambridge Commodities Ltd.
• New Directions Aromatics Inc.
• Vitaco Holdings Ltd.
• Swanson Health Products Inc
• Ambe NS AGro Products Pvt. Ltd.
• ALPSURE LIFESCIENCES PVT. LTD.
• Others
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