Echinacea Extract Market Size By Product (Reagent Grade, Food Grade, Medical Grade, and Others), By Application (Medicine, Food Additives, Dietary Supplements, and Others), By Geographic Scope And Forecast
Echinacea Extract Market Size And Forecast
According to Verified Market Research, the Global Echinacea Extract Market was valued at USD 1.47 Billion in 2019 and is projected to reach USD 2.88 Billion by 2027, growing at a CAGR of 8.25% from 2020 to 2027. The growing demand for herbal medicine and products is a major factor boosting the growth of the global Echinacea Market.
Global Echinacea Extract Market Overview
The growing demand for herbal medicine and products is a major factor boosting the growth of the global Echinacea Market. This is mainly because the consumption behavior of people is shifting towards nutritious and healthy products and thus, robust growth is witnessed in the herbal products from the past few years. Echinacea is gaining recognition in the healthcare industry as it offers numerous health benefits. This is another factor propelling the growth of the Echinacea Market. For instance, Echinacea benefits in lowering blood sugar levels boosts immunity to combat viruses ; infections, reduces feelings of anxiety, treats common skin concerns, and may protect against cancer. The increasing spending on health ; wellness and the growing prevalence of chronic conditions amongst the geriatrics are also some of the factors fuelling the growth of global Echinacea market.
Global Echinacea Extract Market: Segmentation Analysis
The Global Echinacea Extract Market is segmented on the basis of product, application, and geography.
Global Echinacea Extract Market Competitive Landscape
The Global Echinacea Extract Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Nutraceutical (Solaray), Jamieson Wellness Inc., Natures Way Products, LLC, Bioforce AG, Xian Rainbow Biotech Co., Ltd, Shaanxi Jintai Biological Engineering Co, Ltd.
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