Echinacea Extract Market Size By Product (Reagent Grade, Food Grade, Medical Grade, and Others), By Application (Medicine, Food Additives, Dietary Supplements, and Others), By Geographic Scope And Forecast
Report ID: 42632|No. of Pages: 202
Echinacea Extract Market Size By Product (Reagent Grade, Food Grade, Medical Grade, and Others), By Application (Medicine, Food Additives, Dietary Supplements, and Others), By Geographic Scope And Forecast
Echinacea Extract Market Size And Forecast
Echinacea Extract Market size was valued at USD 1.85 Billion in 2024 and is projected to reach USD 3.3 Billion by 2031, growing at a CAGR of 8.25% from 2024 to 2031. The growing demand for herbal medicine and products is a major factor boosting the growth of the global Echinacea Market.
The Global Echinacea Extract Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Echinacea Extract Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Echinacea Extract Market Definition
Echinacea also is known as purple coneflower is the most popular herb belonging to the daisy family. It is a genus of herbaceous flowering plants is filled with compounds such as rosmarinic acid, flavonoids, and cichoric acid. These compounds function as antioxidants and help in defending the body against oxidative stress. Echinacea is extensively used against infections including cold & flu, urinary tract, throat, and ear. It is broadly available in pharmacies, health shops, and on online portals as liquid extracts, dried herb, teas, and in the form of capsules and pills, which is expected to augment the Echinacea market growth.
Echinacea is also used by some people to make healthy syrups, baked goods, hair masks, and skin tinctures. Many health & wellness brands have explained the recipe for Echinacea Immune Boosting Syrup. This purple coneflower plant is rich with active substances, which contribute to its therapeutic nature such as glycoproteins, polysaccharides, alkamides, flavonoids, and volatile oils. These beneficial ingredients are found in the roots, leaves, and petals of the plant, which are frequently dried and then added to Echinacea products. Today, the Echinacea plant is cultivated and added to wide-ranging products such as anti-aging cream, cold remedies, shampoo, face masks, makeup, deodorants, perfumes, and much more.
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Global Echinacea Extract Market Overview
The growing demand for herbal medicine and products is a major factor boosting the growth of the global Echinacea Market. This is mainly because the consumption behavior of people is shifting toward nutritious and healthy products and thus, robust growth is witnessed in herbal products over the past few years. Echinacea is gaining recognition in the healthcare industry as it offers numerous health benefits. This is another factor propelling the growth of the Echinacea Market. For instance, Echinacea benefits in lowering blood sugar levels boosting immunity to combat viruses & infections, reducing feelings of anxiety, treating common skin concerns, and may protecting against cancer. The increasing spending on health & wellness and the growing prevalence of chronic conditions amongst geriatrics are also some of the factors fuelling the growth of the global Echinacea market.
The emerging trend of grooming and the rising disposable income are ultimately helping in increasing demand for herbal beauty products. The increasing investments in research & development and the recent technological advancements to develop herbal (Echinacea) medicines and Echinacea products such as cosmetics and others are creating lucrative growth opportunities in the global market. However, the lack of skilled labor coupled with increasing cultivation costs is a major restraint to the growth of the global Echinacea Market. Echinacea cultivation requires skilled labor and it is a long-term investment process regarding time and money.
Global Echinacea Extract Market: Segmentation Analysis
The Global Echinacea Extract Market is segmented on the basis of Product, Application, and Geography.
Echinacea Extract Market, By Product
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Based on Product, the market is bifurcated into Reagent Grade, Food Grade, Medical Grade, and Others. Medical Grade accounted for the largest market share in 2019. Echinacea is blessed with several health-promoting benefits. The herb is extensively used for medicinal applications. The medical-grade Echinacea is tested for use in medical applications, such as pharmaceutical and medicinal products for biocompatibility.
Echinacea Extract Market, By Application
On the basis of Application, the Global Echinacea Extract Market has been segmented into Medicine, Food Additives, Dietary Supplements, and Others. Medicine accounted for the largest market share in 2019. Echinacea extract is extensively used as herbal medicine to fight infections, particularly for the treatment of common cold, upper respiratory infections, and the flu. Echinacea extract is also used in medicine to fight against several other infections such as vaginal yeast infections, urinary tract infections, human papillomavirus (HPV), herpes, nose and throat infections, and many others.
Echinacea Extract Market, By Geography
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On the basis of regional analysis, the Global Echinacea Extract Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America dominated the Global Echinacea Extract Market in 2019, followed by Europe.
Echinacea ingredients are used as a herbal remedy in the U.S. and Canada and also widely consumed in pills, liquid extracts, teas, capsules, dried herbs, and dietary supplements. Echinacea purpurea is the native plant of the U.S. has naturalized itself in the parts of Canada. Hence, people in this country use the ingredients of this plant to heal many conditions such as flu & colds and also to boost the immune system.
Key Players
The “Global Echinacea Extract Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Nutraceutical (Solaray), Jamieson Wellness Inc., Nature’s Way Products, LLC, Bioforce AG, Xi’an Rainbow Biotech Co., Ltd, Shaanxi Jintai Biological Engineering Co, Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Nutraceutical (Solaray), Jamieson Wellness Inc., Nature’s Way Products, LLC, Bioforce AG, Xi’an Rainbow Biotech Co., Ltd, Shaanxi Jintai Biological Engineering Co, Ltd. |
| Segments Covered |
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| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 MARKET OVERVIEW
3.2 GLOBAL ECHINACEA EXTRACT MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL ECHINACEA EXTRACT MARKET, BY PRODUCT (USD MILLION)
3.4 GLOBAL ECHINACEA EXTRACT MARKET, BY APPLICATION (USD MILLION)
3.5 FUTURE MARKET OPPORTUNITIES
3.6 GLOBAL MARKET SPLIT
4 MARKET OUTLOOK
4.1 GLOBAL ECHINACEA EXTRACT MARKET OUTLOOK
4.1 MARKET DRIVERS
4.1.1 HEALTH BENEFITS AND RISING DEMAND FOR HERBAL PRODUCTS TO DRIVE THE MARKET GROWTH
4.1.2 INCREASING SPENDING ON HEALTH & WELLNESS INDUSTRY WILL SUPPORT MARKET DEMAND
4.2 MARKET RESTRAINTS
4.2.1 SIDE EFFECTS OF ECHINACEA AND SHORTAGE OF SKILLED LABOR TO RESTRICT THE MARKET GROWTH
4.3 MARKET OPPORTUNITIES
4.3.1 TECHNOLOGICAL ADVANCEMENTS AND R&D ACTIVITIES TO CREATE ENORMOUS OPPORTUNITIES IN THE MARKET
4.4 IMPACT OF COVID-19 ON THE MARKET
5 MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 REAGENT GRADE
5.3 FOOD GRADE
5.4 MEDICAL GRADE
5.5 OTHERS
6 MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 MEDICINE
6.3 FOOD ADDITIVE
6.4 DIETARY SUPPLEMENT
6.5 OTHERS
7 MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 U.S
7.2.2 CANADA
7.2.3 MEXICO
7.3 EUROPE
7.3.1 GERMANY
7.3.2 UK
7.3.3 FRANCE
7.3.4 REST OF EUROPE
7.4 ASIA PACIFIC
7.4.1 CHINA
7.4.2 JAPAN
7.4.3 INDIA
7.4.4 REST OF ASIA-PACIFIC
7.5 REST OF THE WORLD
7.5.1 MIDDLE EAST AND AFRICA
7.5.2 LATIN AMERICA
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING ANALYSIS
9 COMPANY PROFILES
9.1 NUTRACEUTICAL (SOLARAY)
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY INSIGHTS
9.1.3 PRODUCT BENCHMARKING
9.1.4 SWOT ANALYSIS
9.2 JAMIESON WELLNESS INC.
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY INSIGHTS
9.2.3 SEGMENT BREAKDOWN
9.2.4 PRODUCT BENCHMARKING
9.2.5 SWOT ANALYSIS
9.3 NATURE’S WAY PRODUCTS, LLC
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY INSIGHTS
9.3.3 PRODUCT BENCHMARKING
9.3.4 SWOT ANALYSIS
9.4 BIOFORCE AG
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY INSIGHTS
9.4.3 PRODUCT BENCHMARKING
9.5 XI’AN RAINBOW BIOTECH CO., LTD
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY INSIGHTS
9.5.3 PRODUCT BENCHMARKING
9.6 SHAANXI JINTAI BIOLOGICAL ENGINEERING CO , LTD
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY INSIGHTS
9.6.3 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 GLOBAL ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 2 GLOBAL ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 3 GLOBAL ECHINACEA EXTRACT MARKET, BY GEOGRAPHY, 2018 – 2027 (USD MILLION)
TABLE 4 NORTH AMERICA ECHINACEA EXTRACT MARKET, BY COUNTRY, 2018 – 2027 (USD MILLION)
TABLE 5 NORTH AMERICA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 6 NORTH AMERICA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 7 U.S. ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 8 U.S. ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 9 CANADA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 10 CANADA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 11 MEXICO ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 12 MEXICO ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 13 EUROPE ECHINACEA EXTRACT MARKET, BY COUNTRY, 2018 – 2027 (USD MILLION)
TABLE 14 EUROPE ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 15 EUROPE ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 16 GERMANY ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 17 GERMANY ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 18 UK ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 19 UK ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 20 FRANCE ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 21 FRANCE ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 22 REST OF EUROPE ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 23 REST OF EUROPE ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 24 ASIA PACIFIC ECHINACEA EXTRACT MARKET, BY COUNTRY, 2018 – 2027 (USD MILLION)
TABLE 25 ASIA PACIFIC ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 26 ASIA PACIFIC ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 27 CHINA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 28 CHINA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 29 JAPAN ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 30 JAPAN ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 31 INDIA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 32 INDIA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 33 REST OF ASIA-PACIFIC ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 34 REST OF ASIA-PACIFIC ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 35 ROW ECHINACEA EXTRACT MARKET, BY REGION, 2018 – 2027 (USD MILLION)
TABLE 36 ROW ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 37 ROW ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 38 MIDDLE EAST AND AFRICA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 39 MIDDLE EAST AND AFRICA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 40 LATIN AMERICA ECHINACEA EXTRACT MARKET, BY PRODUCT, 2018 – 2027 (USD MILLION)
TABLE 41 LATIN AMERICA ECHINACEA EXTRACT MARKET, BY APPLICATION, 2018 – 2027 (USD MILLION)
TABLE 42 COMPANY MARKET RANKING ANALYSIS
TABLE 43 NUTRACEUTICAL (SOLARAY): PRODUCT BENCHMARKING
TABLE 44 JAMIESON WELLNESS INC: PRODUCT BENCHMARKING
TABLE 45 NATURE’S WAY PRODUCTS, LLC: PRODUCT BENCHMARKING
TABLE 46 BIOFORCE AG: PRODUCT BENCHMARKING
TABLE 47 XI’AN RAINBOW BIOTECH CO.,LTD: PRODUCT BENCHMARKING
TABLE 48 SHAANXI JINTAI BIOLOGICAL ENGINEERING CO , LTD: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 GLOBAL ECHINACEA EXTRACT MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 GLOBAL ECHINACEA EXTRACT MARKET OVERVIEW
FIGURE 7 GLOBAL ECHINACEA EXTRACT MARKET GEOGRAPHICAL ANALYSIS, 2020-2027
FIGURE 8 GLOBAL ECHINACEA EXTRACT MARKET, BY PRODUCT (USD MILLION)
FIGURE 9 GLOBAL ECHINACEA EXTRACT MARKET, BY APPLICATION (USD MILLION)
FIGURE 10 FUTURE MARKET OPPORTUNITIES
FIGURE 11 NORTH AMERICA DOMINATED THE MARKET IN 2019
FIGURE 12 GLOBAL ECHINACEA EXTRACT MARKET OUTLOOK
FIGURE 13 GLOBAL ECHINACEA EXTRACT MARKET, BY PRODUCT
FIGURE 14 GLOBAL ECHINACEA EXTRACT MARKET, BY APPLICATION
FIGURE 15 NORTH AMERICA MARKET SNAPSHOT
FIGURE 16 EUROPE MARKET SNAPSHOT
FIGURE 17 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 18 ROW MARKET SNAPSHOT
FIGURE 19 NUTRACEUTICAL (SOLARAY):COMPANY INSIGHT
FIGURE 20 NUTRACEUTICAL (SOLARAY): SWOT ANALYSIS
FIGURE 21 JAMIESON WELLNESS INC.: COMPANY INSIGHT
FIGURE 22 JAMIESON WELLNESS INC: SEGMENT BREAKDOWN
FIGURE 23 JAMIESON WELLNESS INC: SWOT ANALYSIS
FIGURE 24 NATURE’S WAY PRODUCTS, LLC:COMPANY INSIGHT
FIGURE 25 NATURE’S WAY PRODUCTS, LLC: SWOT ANALYSIS
FIGURE 26 BIOFORCE AG: COMPANY INSIGHT
FIGURE 27 XI’AN RAINBOW BIOTECH CO.,LTD: COMPANY INSIGHT
FIGURE 28 SHAANXI JINTAI BIOLOGICAL ENGINEERING CO , LTD: COMPANY INSIGHT
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
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Industry Analysis Matrix
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