Cascara Sagrada Extract Market Forecasted to Expand Rapidly, Projecting US$ 115.6 Million Value by 2034, with 6.5% CAGR
With a compound annual growth rate (CAGR) of 6.5% over the following ten years, the global cascara sagrada extract market is projected to reach US$ 115.6 million by the end of 2034 from an estimated US$ 61.5 million in 2024. Sacred bark, or Cascara sagrada, is a plant native to North America that has long been utilized for its therapeutic benefits, most notably as a natural laxative.
Extracts from Cascara sagrada are sold as capsules, liquids, and powders both offline and online. It is possible that demand for medications will increase even though they are easily obtained in stores without a prescription. The competitive landscape, product innovation, customer preferences, and marketing strategies are some of the factors influencing the growth of the cascara sagrada extract market.
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In recent years, dietary supplements containing cascara sagrada extract have gained popularity for their potential health benefits, aiding digestion and alleviating constipation. These products are accessible in liquid, powder, and capsule formats.
Cascara sagrada extracts are available in capsules, liquids, and powders, sold both in physical stores and online. Despite their easy accessibility without prescription, there might be a surge in demand for these medications. Growth in the cascara sagrada extract market is influenced by factors such as competitive dynamics, product innovation, customer preferences, and marketing strategies. Businesses can differentiate their products through packaging, formulation, and branding strategies.
Key Companies Profiled:
- Kingherbs
- Acetar
- Herbo Nutra Extract Private Limited
- Kuber Impex Ltd.
- Nexira
- Foodchem International Corporation
- The Good Scents Company
- Martin Bauer Group
- Panacea Phytoextracts
- La Milanaise
- NOW
As the trend toward alternative medicines gains momentum, cascara sagrada extract is increasingly favored by consumers. With a focus on promoting general digestive health and regularity, supplements like cascara sagrada extract are in high demand. This surge reflects a growing awareness among customers regarding digestive concerns, notably constipation.
Key Takeaways from Market Study:
- Sales of cascara sagrada extract across segments are estimated to reach a value of US$ 61.5 million in 2024.
- The market is forecasted to touch US$ 115.6 million by the end of 2034.
- The market in the United States is poised to reach a value of US$ 11.4 million in 2024.
- The United States occupies 78.2% share of the North American market in 2024.
- Sales in China are poised to reach US$ 10.6 million in 2024.
- The East Asian market is forecasted to expand at a CAGR of 7.1% over the next 10 years.
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Growing consumer awareness of health benefits drives the preference for dietary supplements like cascara sagrada extract, available in various forms such as liquid, powder, tablets, and capsules. Athletes and fitness enthusiasts often turn to supplements like branched-chain amino acids (BCAAs), creatine, protein powders, and caffeine to enhance muscle growth, recovery, and athletic performance.
Competitive Landscape:
Prominent companies in the cascara sagrada extract sector include Kingherbs, Acetar, Herbo Nutra Extract Private Limited, Kuber Impex Ltd., Nexira, Foodchem International Corporation, The Good Scents Company, Martin Bauer Group, Panacea Phytoextracts, NOW, and La Milanaise.
In December 2023, NOW, a significant player in the market, announced that its manufacturing facility had attained LEED certification. This accreditation signifies a commitment to lower carbon emissions and prioritize resource preservation in their production operations.
Key Segments of Cascara Sagrada Extract Market Research:
- By Form :
- Capsules
- Powder
- Liquid
- By Application :
- Dietary Supplements
- Hair & Skin Care
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
In conclusion, the cascara sagrada extract market is characterized by the presence of several notable players, including Kingherbs, Acetar, Herbo Nutra Extract Private Limited, and others. The industry is witnessing significant developments, such as NOW's attainment of LEED certification in December 2023, highlighting a growing emphasis on sustainability and environmental responsibility within the sector.
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