NA Ashwagandha Market - Industry Trends And Forecast To 2030
The North America ashwagandha market is expected to reach USD 44,082.07 thousand in 2030 from USD 17,374.94 thousand in 2022, growing at a CAGR of 12.4% in the forecast period of 2023 to 2030.
Market Segmentation:North America Ashwagandha Market, By Type (KSM-66, Sensoril, Hydro-Alcoholic Ashwagandha, Crude Ashwagandha, and Others, Product Type (Ashwagandha Root Product, Ashwagandha Leaf Products, and Ashwagandha Leaf and Root Mix Product), Withanolides Content (1% Withanolides, 3 2% Withanolides, 2.5% Withanolides, 5% Withanolides, 10% Withanolides, and Others), Category (Regular, and Full Spectrum), Form (Powder, Capsule, and Liquid), Function (Improved Stamina, Improved Immunity, Overall Wellbeing, Reduced Anxiety and Stress, Brain Health, Muscle Strength, and Others), and Application (Food & Beverages, Pharmaceutical, Dietary Supplements, Sports Nutrition, and Others), Country (U.S., Canada, and Mexico) -Industry Trends and Forecast to 2030
Overview of North America Ashwagandha Market Dynamics:Driver
• Rapidly increase in demand for ashwagandha supplements
Restrain
• Less awareness regarding the benefits of ashwagandha
Opportunity
• Rapidly growing adoption of ayurvedic medicines
Market Players:Some of the major players operating in the North America ashwagandha market are:• KSM66 Ashwagandha (Ixoreal Biomed)
• Sami-Sabinsa Group
• Dabur India Limited (2022)
• Himalaya Wellness Company
• Swanson
• Zanducare (A Subsidiary of Emami Ltd.)
• Patanjali Ayurved
• Herbochem
• Apex International
• Kerry Group plc (2022)
• Kairali Ayurvedic Products
• Bioprex Labs
• Natreon Inc.
• Medikonda Nutrients
• Carrubba. Inc
• Organic India Pvt. Ltd.
• Zoic Pharmaceuticals.
• Creative Enzymes
• Aunutra Industries Inc.