Amla Extract Market

Amla Extract Market Size, Growth, Forecast (2023-2028)

The Global Amla Extract Market size was worth US$ 37.70 million in 2022, and it is predicted to reach a valuation of US$ 46 Billion, progressing with an annual expansion rate (CAGR) of 4.10% between 2023 and 2028.

Market Overview:

Amla extract is obtained from a plant species known as Emblica Officinalis and belongs to the category of superfruits. Amla or Indian gooseberry is a raw fruit from the Indian subcontinent. With the growing demand for amla extract around the world, Emblica Officinalis is now grown commercially in various locations around the world. Amla extract contains amino acids, carbohydrates, calcium, iron, and vitamins. Amla has an edible fruit known by the same name. Regular consumption of amla has many health benefits, such as making the skin healthy and glowing and improving vision. In addition, daily consumption of amla regulates blood sugar and lipids and strengthens the immune system. It can be eaten with pickles, mura bars, and candies, but it has many health benefits when consumed daily. Amla extract is known for its anti-inflammatory properties. It reduces stomach acid levels and fights inflammation. An important benefit of amla is that it is considered the best food to combat aging. Amla's rich source of vitamin C helps boost immunity and prevents bacterial and viral illnesses like coughs and colds. The polyphenol content of amla is even known to fight cancer cell development. Therefore, amla extract is considered very medicinal.

Amla Extract Market Growth:

Increased consumption of amla extract in the industries such as personal care, food and beverage, pharmaceutical, cosmetic, and nutraceutical are driving the market growth of Amla extracts during the foreseen period.

REPORT COVERAGE:

Drivers:

The main factors driving the growing demand for amla extract are increased demand for products containing antioxidants and increased consumer health awareness. These factors are expected to drive the demand in the global amla extract market during the foreseen period.

Additionally, increased awareness of the many benefits of amla extract, such as improved body composition, metabolism, weight loss, digestive and immune systems, heart and liver health, is expected to increase the demand for amla extract in the world market more than forecast period. Because the extract is rich in antioxidants and highly effective in reducing heart disease, demand for the product is estimated to increase. Additionally, amla extract is good for reducing high blood cholesterol levels, cell damage, inflammation, and the signs of aging. These product benefits to the body are supposed to further increase the demand in the global amla extract market. Another factor driving the growth of the amla extract market is the increased use in the food and beverage, pharmaceutical, personal care and cosmetic, nutraceutical industries. Also, the potential demand for functional foods and dietary supplements is supposed to further increase demand for the product. The use of amla extract is expected to treat urinary problems, indigestion, bronchitis, insomnia, asthma, anemia, bleeding, etc. increase demand for the product. Growing health awareness coupled with growing demand for antioxidant-rich products is likely to drive growth. Increased awareness of the many benefits of amla extract in improving weight loss, body composition, digestive and immune systems, metabolism, liver and heart health is foreseen to increase demand for the product. The extract is a rich source of antioxidants and is effective in reducing the risk of cell damage, heart disease, signs of aging, high blood cholesterol, and inflammation. These advantages are foreseen to further drive demand for products.

Major demand for dietary supplements and functional foods is driving the growth for amla extract market during the forecast period. A significant increase in product application in the pharmaceutical industry is expected to drive the amla extract market in the coming years. Amla extract is increasingly used in the cosmetics, food and beverage, personal care, and pharmaceutical industries. Increasing demand for a variety of amla extract-based products such as juices, candy, capsules, pickles, shampoos, conditioners, and hair oils is expected to drive the market. Rich in vitamin C and carotene, this extract can be used to treat a variety of skin and hair problems, including skin pigmentation, acne, hair loss, scars, dry hair, dandruff, and scalp infections, etc. It is useful for the prevention and treatment of cancer and is considered useful for stress management and mental health. These various applications are believed to create growth opportunities for the market in the near future. Therefore, the increased use of this product in various industries will drive the growth of the market. Furthermore, in the recent past, the use of Amla has gained popularity in the pharmaceutical industry, providing a favorable opportunity for major players to strengthen their dominance.

Restraints:

On the other hand, the use of amla extract to treat serious diseases is controversial until specific evidence is provided in the public domain. The use of these claims in the section of manufacturers of dietary supplements and functional foods has motivated investigations by regulatory agencies.

Amla Extract Market Segmentation Analysis:

By application, the Amla extract market is segmented into pharmaceuticals, food and beverages, nutraceuticals, and personal care and cosmetics. The food and beverage sector dominated the global market in 2021. The growing demand for healthy and nutritious food is expected to drive growth in this sector. Major players are focusing on expanding their product portfolio to meet growing demand from the consumer side. The nutraceutical segment is likely to grow at the fastest growth rate during the projection period. The growing demand for amla-based dietary supplements is predicted to fuel the growth of the global amla extract market.

By type, the Amla extract market is segmented into pulp and powder. Amla extract powder recorded the largest market share in 2020. Powdered extracts provide support for cardiovascular disease. It also helps improve glucose metabolism in skeletal muscles. Also, this extract is one of the purest types of vitamin C that can help improve the immune system. On the other hand, pulp-based extracts are likely to be the fastest growing sectors during the conjecture period.

Impact of COVID-19 on the Amla Extract Market:

The market for amla extracts is still highly segmented, but the rise of COVID-19 immune enhancers has the potential to spark a frenzy. There is concern that the peak will be short-lived, but many experts believe that changes in dietary patterns will last a long time.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Asia Pacific Amla extract market held the largest share compared to other areas. Countries like India and Japan in particular are driving regional demand with increasing adaptation to various product applications. Growing consumer awareness of nutrient and protein consumption is expected to further accelerate regional growth. Europe Amla extract market is foreseen to expand at the fastest CAGR during the conjecture period. Factors such as increased awareness of protein supplements, demand from the personal care industry, and changes in consumer lifestyles are estimated to drive local demand. The willingness of consumers to spend more money on protein supplements is expected to further boost growth due to increased disposable income.

Key Players in the Market:

Major Key Players in the Global Amla Extract Market are

• Taiyo International
• Biomax
• Patanjali Ayurveda
• Arjuna Natural Extracts Ltd
• Ambe Phyoextracts Pvt. Ltd
• Ri-Sun Bio Tech
• Bhumi Amla
• Archerchem
• Herbeno Herbals Pvt. Ltd
• Sydler Group
• Ambe Phytoextracts Pvt. Ltd
• NutraGenesis
• Xcul amla oil
• Jaison Pvt
• BioActives LLC
• Neelamari Herbs
• Dabur
• Khadi Naturals