Global Kava Root Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Kava Root Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Kava Root Extract market finds that the global Kava Root Extract market reached a value of USD 146.13 million in 2022. It’s expected that the market will achieve USD 218.72 million by 2028, exhibiting a CAGR of 6.95% during the forecast period.

Influence of COVID-19 Outbreak on Kava Root Extract Industry Development

The main function of Kava root extract is to strengthen immunity, relieve emotions and relieve stress. After the COVID-19, the masses will have a higher demand for health management and health care, which will promote the growth of medical consumption. Through this epidemic, the public's attention to related infectious diseases and long-term diseases that cannot be treated due to medical treatment has been significantly increased, and the awareness of disease prevention, early medical treatment, treatment methods, and drugs, disease prognosis and harm

Also, during the COVID-19 pandemic, Kava may be helpful in coping with self-isolation, isolation, anxiety and stress, and Kava can even indirectly help optimize the immune system.
The epidemic directly affected the closure of retail brick-andmortar store revenues, leading to frustration in consumption and decrease demand; traditional supermarkets, convenience stores, and street shops have continued to open to protect people's
livelihood but the sales volume of the product was still affected. And bank loan interest expenses, etc. make cash flow turnover under pressure, operating profits will fall sharply, directly challenging the survival of enterprises. On the other hand, although the order volume of online shopping platforms and O2O home services has increased significantly, factors such as limited price increases and high service standards have suppressed profits and will show an inverse situation in which volume increases and profits decrease.

Strength

The application field is constantly expanding.
Demand continues to increase due to its use in the cosmetics and pharmaceutical industries.
Has medicinal properties and is a natural prebiotic.
There are many health benefits, strengthening the immune system and reducing anxiety.

Weakness

Has a variety of side effects that may damage the liver.
Lack of regulation in some areas, drug abuse, and reduced virus resistance.
Need medical advice, large or continuous intake of kava root extract may cause death.

Opportunities

COVID-19 caused social panic and caused many people to suffer from mental illness.
Many regions have opened up policies on kava.
Technological innovation and progress will further optimize product performance.
the World Health Organization ruled in 2015 that kava is SAFE and not toxic to the live.

Threat

Healthier and safer alternatives appear on the market.
Higher prices and high production costs.
Different regions have different policies for product import and export.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

Kona Kava Farm, NOW Foods, Gaia Herbs, Herb Pharm and Ningbo JandS Botanics are the five key players in the global Kava Root Extract market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Kava Root Extract market in the past 5 years.

Kona Kava Farm has organic Hawaiian kava (awa), kava root powder, kava capsules, kava lactone products, instant kava beverages, vegan chocolate and many other foods.

NOW Foods manufactures and distributes food products. The company offers dietary supplements, natural foods, sports nutrition, and personal care products.

Segmentation Overview:

Among different product types, Kava Root Powder Extract segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Additives segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Kava Root Extract market covered in Chapter 3:

Herb Pharm
Ningbo JandS Botanics
Nutra Green
Fijikava
Gaia Herbs
Oregon’s Wild Harvest
NOW Foods
Botanica
Kona Kava Farm

In Chapter 4 and Chapter 14.2, on the basis of types, the Kava Root Extract market from 2018 to 2029 is primarily split into:

Kava Root Powder Extract
Kava Root Liquid Extract

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Kava Root Extract market from 2018 to 2029 covers:

Food Additives
Medicines and Health Products

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)