IMARC Group, a leading market research company, has recently releases report titled “Kava Root Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global kava root extract market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the kava root extract market?
The global kava root extract market size reached US$ 1.21 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.01 Billion by 2028, exhibiting a growth rate (CAGR) of 16.50% during 2023-2028.
What is Kava Root Extract?
Kava root extract is derived from the root of the kava plant, scientifically known as Piper methysticum. Native to the South Pacific islands, this extract has been traditionally used in cultural rituals and social gatherings for its calming and sedative effects. It contains a range of active compounds called kavalactones, which are believed to affect neurotransmitter levels in the brain. Kava root extract is available in various forms including tinctures, capsules, and powders, and is often consumed as a drink. It is commonly used in alternative medicine for conditions such as anxiety, insomnia, and stress. However, excessive, or improper use of kava root extract has been associated with liver toxicity, and its usage is subject to regulations in some countries.
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What are the growth prospects and trends in the kava root extract industry?
The growing nutraceutical industry represents one of the key factors driving the growth of the market across the globe. This focuses on natural health enhancers, which adds another avenue for kava root extract usage. The rising demand for plant-based and natural products is driving consumers toward options like kava root extract, as opposed to synthetic alternatives. With an increased focus on natural and herbal remedies, more people are turning to kava root extract for its purported benefits in relieving stress, anxiety, and insomnia. The traditional use of kava in the South Pacific for social gatherings and ceremonies adds cultural value, which is drawing interest in niche markets. Kava root extract is gaining attention in holistic and alternative medical practices, which is contributing to its market growth. Ongoing studies exploring the potential health benefits and applications of kava root extract add credibility and interest, which is creating a positive outlook for the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Powder Extract
- Liquid Extract
Breakup by Sales Channel:
- Hypermarkets and Supermarkets
- Drug and Specialty Stores
- Online Retail
- Others
Breakup by Application:
- Food and Beverage
- Cosmetics and Personal Care
- Pharmaceutical
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Best Nutrition Product Inc.
- Botanic Healthcare
- Botany Evolution LLC
- Fiji Kava Australia Ltd
- Gaia Herbs
- Kava King
- Kona Kava Farm
- LifeSeasons Inc.
- Mountain Rose Herbs
- Natural Factors Nutritional Products Ltd.
- NOW Foods
- Nutragreenlife Biotechnology Co. Ltd.
- Oregon’s Wild Harvest
- Root of Happiness
- Taos Herb Company
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