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Ashwagandha Market| Size and Growth, 2020-2026 | Dataintelo

The global ashwagandha market size is anticipated to expand at a substantial CAGR during the forecast period, 2020u20132026. Increasing demand for ayurvedic medicines and high awareness about their benefits among consumers are expected to boost the market during the forecast period.

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Ashwagandha Market| Size and Growth, 2020-2026 | Dataintelo

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  1. Welcome To Dataintelo Ashwagandha Market| Size and Growth, 2020-2026 | Dataintelo The global ashwagandha market size is anticipated to expand at a substantial CAGR during the forecast period, 2020–2026. Increasing demand for ayurvedic medicines and high awareness about their benefits among consumers are expected to boost the market during the forecast period. Ashwagandha is a plant that grows in India, the Middle East, and some parts of Africa. Its roots and berries are used to cure various health ailments including constipation, arthritis, stress, diabetes, insomnia, and gastrointestinal issues. The powdered form of this herb is also known as Churna, in India. It is extensively consumed in the country to treat various ailments. Dietary supplements containing ashwagandha extensively are sold in the US owing to the awareness about its range of health benefits. Market Trends, Drivers, Restraints, and Opportunities: •The Government of India is extensively promoting the usage of ayurvedic products through awareness programs and subsidies. This, in turn, is propelling the demand for ashwagandha products in the country. •Insufficient sleep is prevalent problem across the globe, which affects various age groups due to the increasing usage of smartphones and electronic devices and stress. Many research studies have shown that Ashwagandha was found to be beneficial for improving sleep and as well as reducing anxiety, stress, depression, and insomnia. This, in turn, is anticipated to provide growth opportunities for market players.

  2. •Poor quality of clinical research on ayurvedic medicines is projected to hamper the market growth. •Prevalence of diabetes is rising rapidly across the globe. It is a major cause of kidney failure, blindness, heart attacks, and lower limb amputation. Ashwagandha can help reduce blood sugar levels among diabetics. This, in turn, is projected to fuel its demand during the forecast period. Scope of the Report: The report on the ashwagandha market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report. Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Asia Pacific, Europe, Latin America, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage

  3. Ashwagandha Market Segment Insights: High use of powder form of ashwagandha to drive segment growth On the basis of types, the market has been classified as powder, capsule, and others. The demand for ashwagandha powder is expected to be high during the forecast period. This powder can be mixed with water, honey, juice, or milk, which allows for a faster absorption in the human body. The capsules segment is anticipated to expand a substantial pace during the forecast period. Capsules are easily portable unlike powder and do not require milk, water, or juice for consumption. Request sample/?reportId=2649 Sample Report: https://dataintelo.com/request- Pharmaceutical segment to dominate the market during the forecast period Based on applications, the market has been divided into food industry, pharmaceuticals industry, and others. Use of ashwagandha in the pharmaceutical industry is expected to increase owing to its high use for the treatment of myriad health diseases. The herb has been found to impede cancer cells in the breast, colon, and lung. Furthermore, it can reduce cortisol levels in human body. Cortisol is a stress hormone that is released by the adrenal glands in response to stress. Asia Pacific to lead the global market during the forecast period In terms of regions, the global ashwagandha market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  4. Asia Pacific is expected to lead the global market. India is expected hold the largest share of the market in the region. Ashwagandha is important medicinal herb in ayurveda. The market in North America is expected to register substantial growth owing to the increase in use of ashwagandha in dietary supplement. Competitive Landscape: Key players operating in the global ashwagandha market include NutriBoost B.V., Xi'an Lyphar Biotech, Xian Sost Biotech, and Herbs Village. These players engage in product launches, mergers & acquisitions, and partnerships to strengthen their geographical presence. Segments Covered in the Report: The global ashwagandha market has been segmented on the basis of types, applications, and regions. By Types •Powder •Capsule •Others By Applications •Food Industry •Pharmaceuticals Industry •Others By Regions •North America •Asia Pacific •Europe •Latin America •Middle East & Africa

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