September 08, 2021
According to the research report titled ‘Global Brahmi Extracts Market Size study, by Form (Liquid, Powder), by Nature (Organic, Conventional), by End-User (Food and Beverage Industry, Pharmaceutical Industry, Personal Care Industry), by Distribution Channel (Direct, Indirect) and Regional Forecasts 2021-2027’, available with Market Study Report, global brahmi extracts market is poised to grow at a healthy CAGR over the forecast period 2021-2027.
Global brahmi extracts market growth is being triggered by rising product demand owing to awareness about its benefits in promoting brain health, in consort with increasing anxiety cases worldwide.
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For the unversed, brahmi is an herb that is primarily grown in Europe and Asia. It has been traditionally used to treat several health conditions including epilepsy and asthma.
Factors such as growing trend of using dietary supplements and herbal medicines, coupled with ever-increasing number of asthma patients are also propelling overall industry valuation. Notably, the World Health Organization (WHO) reported that asthma afflicted 262 million people in 2019, causing 4,61,000 deaths in that year.
Despite the positive outlook, lack of availability of raw materials, and side-effects associated with use of the product are likely to inhibit worldwide brahmi extracts market expansion in the forthcoming years.
Apart from elaborating on growth drivers and restraints, the report also classifies the industry space into several fragments on the basis of form, nature, end-user scope, and distribution channels to identify the key investment avenues, and understand the influence of each segment on overall growth graph.
From a regional frame of reference, the report deems North America, Asia Pacific, Europe, and Latin America to be the major contributors to industry remuneration. Among these, Asia-Pacific currently accounts for a major market share, owing to supportive government policies for promoting ayurvedic medicines, and easy availability of raw material.
Meanwhile, North America industry is poised to garner strong growth over the forecast period, driven by shifting consumer preference for herbal medicines, increasing number of diseases caused by sedentary lifestyle, and presence of several global brands in the region.
Prominent players in global brahmi extracts market sphere are Thangam Extracts, Herbal Creations, Shanti Natural Extracts, Organic India Pvt. Ltd., Himalaya Wellness Co. (Himalaya Global Holdings Ltd.), AuNutra Industries Inc., Synthite Industries Pvt. Ltd., Sabinsa Corp., and NESSO (Natural & Essential Oils Pvt. Ltd.).