Amla Extract Market Share, Size, Trends, Industry Analysis Report, By Type (Pulp, Powder); By Application (Diabetes, Skin and Collagen, Heart Health, Blood Vessel Health, Others); By End User; By Region; Segment Forecast, 2023 - 2032
- Published Date:Sep-2023
- Pages: 118
- Format: PDF
- Report ID: PM3735
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global amla extract market was valued at USD 40.14 billion in 2022 and is expected to grow at a CAGR of 5.8% during the forecast period.
Amla is known for its rich nutrients and has tremendous health benefits. People use it to boost their immunity. Furthermore, rising research and development activities on the usage of amla extract in medical, beauty, and hair care are driving the understanding of its benefits in various disciplines. A recent study conducted on Saberry, an amla extract produced by the Sabinsa, showed promising results in controlling blood sugar levels and cholesterol among diabetic patients. This shows the ability of amla extract to resolve human health issues. According to Healthline, Amla can assist the digestive system and propel heart and liver wellness. It is known to resolve colds, flu, and respiratory infections. These all contribute to the demand for amla extract in the years to come.
To Understand More About this Research: Request a Free Sample Report
The pandemic stimulated the use of amla extract in various fields of health care. It is used by a larger number of people to improve immunity levels. Boosting immunity is one of the best ways to avoid health issues caused by viruses. The increased awareness about amla due to the presence of higher C vitamins in the pandemic is still driving demand for the product. COVID-19 increased the addition of amla powder to the daily food intake of the world's population.
The amla extract market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
This consumer behaviour is expected to continue in the coming years, as it has affected most of the livelihood's food habits. According to the World Health Organization, around 88% of countries are projected to use traditional medicines, including herbal medicines, yoga, acupuncture, and others. 40% of pharmaceutical formulations are derived from natural and landmark drugs. This shows the importance of natural remedies like amla in the formulation of medicines.
For Specific Research Requirements, Request for a Customized Research Report
Industry Dynamics
Growth Drivers
Diverse applications of amla extract for health and haircare innovations
Numerous advantages of amla extract are driving its usage in various functions of the human body. Combinations, along with this fruit, are collectively resolving various disorders. For instance, triphala is formed with three dry fruits, such as amla, hartaki, and bibhitaki. It is used to promote regular bowel movements and cleanse the digestive tract. It is one of the most popular Ayurvedic treatments for digestive health. It was used to detoxify the body and enhance digestive well-being.
Moreover, amla is used to treat hair problems like dandruff as it has antifungal and antibacterial properties. It works effectively as a moisturizer for the hair and reduces hair fall while also protecting it from breakage. Most hair care products use amla extract due to its numerous abilities to protect hair. This wide usage, along with new product innovations with amla extract, is driving growth in the coming years.
Report Segmentation
The market is primarily segmented based on type, application, end use, and region.
|
By Type |
By Application |
By End Use |
By Region |
|
|
|
|
To Understand the Scope of this Report: Speak to Analyst
By Type
Powder segment is expected to witness fastest growth
Powder segment is expected to have faster growth for the market. This is more convenient for food and beverages. This form of amla extract is mostly available on the market as it is a cost-effective option for manufacturers. Furthermore, it increases the shelf life of amla extract, making it a more preferred option compared to pulp form, driving usage in products that require a longer shelf life, such as pharmaceuticals. Amla extract is also widely used in households for recipes like smoothies and shakes. Powder form makes consumers use of amla extract more comfortable without any concern for storage. This is more suitable for capsule making as it does not transfer the taste and texture of the fruit. These all contribute to the rising demand for powdered amla extract.
By Application
Skin and Collagen segment accounted for the largest market share
Skin and Collagen segment held the largest market share for the market in the study period. It can reduce melanin production in the skin, making it a good remedy for skin whitening naturally. According to the study conducted by the School of Cosmetic Science, amla is found to be a vital source for bioactive compounds with effective anti-ageing properties. Rising concerns among people about anti-ageing are creating huge demand for amla extract. This also has ultra-skin cleansing features, which can extract accumulated dead skin cells. Growing health awareness about skin care with amla extract among consumers is driving demand for amla extract.
By End-Use
Nutraceuticals segment is expected to hold the larger revenue share over the forecast period
Nutraceuticals segment is projected to witness a larger revenue share in the coming years. Amla can deal with digestive problems. Nutraceuticals specialized in treating digestive health issues are more likely to adopt amla extract. It plays a major role in promoting a healthy gut. Growing health problems associated with low immunity are driving the demand for amla extract in nutraceuticals. Antioxidants present in amla include gallic acid, ascorbic acid, and Phenolic compounds.
A study conducted by the Carlson, found the antioxidant content present in amla is 261.5 mmol/100g, which is comparatively high among other supplements and plant-based foods. This is a superior fruit that addresses digestive health issues in nutraceuticals.
Regional Insights
Asia Pacific dominated the global market with a higher growth rate in the study period
Asia Pacific registered with the highest growth in the forecast time frame. The amla plant is known to be a native Indian Gooseberry. The presence of the top three exporters of amla extract in this region is a driving factor for market growth. According to Volza, India is the top exporter of amla extract with 4,062 shipments, followed by China & Sri Lanka with 49 and 27 shipments, respectively. Global Wellness and Natural trends are driving the demand for natural and traditional medicines. This is stimulating this region's production of amla extract to meet global supply needs. Rising consumer awareness of traditional medicines is creating new growth opportunities for the market in this region.
North America garnered the largest revenue share in the global market
North America is projected to have a larger revenue share of the market. People in the region are becoming more health conscious and showing interest in natural remedies like amla. Based on the idiom, prevention is better than cure. Pandemics enforced health consciousness in Americans. According to the poll conducted by One Poll under Nutrisystem, 70% of Americans are health-conscious after the pandemic. 64% of the people are interested in losing weight as it influences their community. This is driving the demand for amla extract, as it plays a primary role in driving immunity levels and could cleanse the digestive tract, leading to weight loss. Furthermore, rising research activities on amla extract usage in various fields such as nutraceuticals, skin care, and hair care are driving the growth and demand for the market in the coming years.
Key Market Players & Competitive Insights
The global amla extract market is characterized by intense competition among key players striving to capitalize on the rising demand for natural and functional ingredients in various industries such as food and beverages, pharmaceuticals, and cosmetics. Companies are engaged in strategic initiatives like new product launches, partnerships, and acquisitions to expand their product portfolios and reach new consumer segments. Moreover, a growing emphasis on research and development activities to enhance the extraction process and unlock novel applications of amla extract further underscores the competitive landscape.
Some of the major players operating in the global market include:
- Ambe Phytoextracts
- Arjuna Natural
- Biotrex Nutraceuticals
- Dabur
- Herbeno Herbals Pvt. Ltd.
- Himalaya Drug Company
- Patanjali Ayurved
Recent Developments
- In May 2023, Patanjali introduced an ayurvedic weight loss medication, Divya WeightGo. The use of this tablet at the time of exercise showcased a reduction in weight. Ingredients used in this medicine are amla extract, ashwagandha extract, etc.
- In February 2023, Ranavat introduced its new product in the haircare collection, Regenerative Veda Bond Complex Shampoo and Conditioner. Key ingredients include amla extract, ashwagandha, & sunflower seed oil.
Amla Extract Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2022 |
USD 42.38 billion |
|
Revenue forecast in 2032 |
USD 70.70 billion |
|
CAGR |
5.8% from 2023 - 2032 |
|
Base year |
2022 |
|
Historical data |
2019 - 2021 |
|
Forecast period |
2023 - 2032 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
|
Segments covered |
By Type, By Application, By End Use, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
The analysis of amla extract market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.
FAQ's
The amla extract market report covering key segments are type, application, end use, and region.
Amla Extract Market Size Worth $70.70 Billion By 2032.
The global amla extract market is expected to grow at a CAGR of 5.8% during the forecast period.
Asia Pacific is leading the global market.
key driving factors in amla extract market are shift in the lifestyle as well as growing demand from the personal care industry.
© 2024 Polaris Market Research and Consulting. All rights reserved
