North America ashwagandha market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.2% in the forecast period of 2022 to 2029 and is expected to reach USD 39.20 million by 2029. Rising demand for ayurvedic medicines as a cure to various health ailments including constipation, arthritis, stress, diabetes, insomnia and gastrointestinal issues thus acts as driver for the ashwagandha market growth.
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- On the basis of form, the North America ashwagandha market is segmented into powder, capsule and liquid. In 2022, powder segment is expected to dominate the North America ashwagandha market, as powder is directly extracted from ashwagandha market and is widely used in various application owing to ease of application during production.
- On the basis of function, the North America ashwagandha market is segmented improved stamina, improved immunity, overall wellbeing, reduced anxiety and stress, brain health and muscle strength. In 2022, reduced anxiety and stress segment is expected to dominate the North America ashwagandha market owing to rising number of cases of anxiety and stress due to changing lifestyle.
- On the basis of application, the North America ashwagandha market is segmented into food beverages, pharmaceutical, dietery supplements, sports nutrition and others. In 2022, dietery supplements segment is expected to dominate the North America ashwagandha market, as ashwagandha helps in weight management and also increase efficiency of the body during workouts and exercise.
- Ashwagandha is a natural herb, which is used for treating variety of health conditions. It is commonly known as Withania Somnifera, also recognized as Indian ginseng, poison gooseberry, and winter cherry has been used from ancient times in many cultures for its health benefits such as Indian ayurvedic system uses withania somnifera as medicine Rasayana (tonic), particularly since a nerve tonic. Ashwagandha is considered an effective ingredient for maintaining the vitality and rejuvenation and boosting general health.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: North America Ashwagandha Market Analysis
- Chapter 3: Regional analysis of the North America Ashwagandha Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major companies which are dealing in the ashwagandha are Ixoreal Biomed (KSM66 Ashwagandha), Bioprex Labs, Medikonda Nutrients, Greenjeeva, Aunutra Industries Inc., Sabinsa, Carrubba INC, Creative Enzymes, Simply By Nature Ltd., Natreon Inc, Herbochem, HERBAL CREATIONS, and amongst others. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players inNorth America Ashwagandha Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2029?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the North America Ashwagandha Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the North America Ashwagandha Market?
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