Griffonia Seed Extract Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Griffonia Seed Extract Market by region.
Global Griffonia Seed Extract Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Griffonia Seed Extract is a derivative sourced through the processing of seeds of Griffonia simplicifolia plant. Griffonia Plant is mostly found in West Africa and contains high amount of herbal compound 5-Hydroxytryptophan (5-HTP). 5-HTP increases serotonin levels in the human brain thus regulating mood and behavior. Moreover, due to its 5-HTP content and anti-depressive effect Griffonia seed extract is widely used for the treatment of a wide range of health conditions including depression, anxiety, weight loss, headaches, and insomnia among others. The increasing incidences of depression & anxiety and growing consumption of dietary supplements are key factors accelerating the market growth.
The increasing prevalence of depression & anxiety due to rising growth of sedentary lifestyles, sleep deprivation, and social isolation are contributing to the growth of the Global Griffonia Seed Extract Market. For instance, according to World Health Organization (WHO) estimates – as of 2021, globally around 3.8% of the population is affected by depression disorder, and depression leads to approximately 700 000 suicides every year. Additionally, more than 280 million people in the world are affected by depression. Moreover, increase in the consumption of dietary supplements is also accelerating the market space. For instance, as per Statista – in 2021, the global dietary supplement market was valued at USD 137 billion, and the market for dietary supplements is projected to reach to USD 185.1 billion by 2025. Also, increase in incidences of insomnia & stress levels and growing emergence of digital distribution channels would create a lucrative growth prospectus for the market over the forecast period. However, side effects associated with high consumption of Griffonia Seed Extract including nausea, heartburn, gas, feelings of fullness, and rumbling sensations stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Griffonia Seed Extract Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing consumption of dietary supplements in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising incidences of depression & anxiety disorders and rising demand for healthcare supplements coupled with growing pharmaceuticals industry in the region.
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Major market players included in this report are:
Sanyuan Jinrui Natural Ingredients
Herbo Nutra extract pvt ltd
Fan Naturals Inc.
Alpspure Lifesciences Private Limited
Xian Folga biotechnology Co., Ltd
Jianzhong Biotechnology
Qinqdao Qingmei Biotech
Riotto Botanical Co., Ltd
Changsha Herbway Biotech
Chengdu Wagott Bio-tech Co.,Ltd
Recent Developments in the Market:
In March 2021, Irvine, USA based ingredient supplier NURA USA launched a new 5-Hydroxytryptophan (5-HTP) ingredient named CLEANMOOD. This new plant-based extract has been sourced from Ghana, Africa, and is tasteless, water-soluble and heat and pH stable.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type
0.2
0.25
0.3
More than 95%
By Application
Pharmaceutical Industry
Healthcare Products
Dietary Supplements
Others
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By Sales Channel
Online Retail
Offline Retail
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Griffonia Seed Extract Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Griffonia Seed Extract market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Griffonia Seed Extract market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Griffonia Seed Extract market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Griffonia Seed Extract Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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