Gynostemma is an indigenous to countries such as China, southern Korea, northern Vietnam, and Japan.Gynostemma extract is famous for its herbal medicine properties which has influential adaptogenic and antioxidant effects which increases longevity. Gynostemma extract has various therapeutic qualities such as lowering high blood pressure and cholesterol along with strengthening the immunity of the individual. The species gynostemma such as G. pentaphyllum is widely distributed outside of China, which ranges from Southeast Asia to India to Korea and Japan. Gynostemma extract is mostly used as an herbal medicine. Gynostemma extract is also mostly consumed as herbal tea and is also available as an alcohol extract. Gynostemma plant is also known as “immortality herb” by local inhabitants in China and nearby countries. Gynostemma extract contains endogenous cellular which is a powerful antioxidant enzyme known as superoxide dismutase. Gynostemma extract also increases the activities of T lymphocytes, macrophages, and natural killer cells which acts as a tumor inhibitor.
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Global Gynostemma Extract: Market Segmentation
The global gynostemma extract market is segmented on the basis of form, application, and region type. Market segment as per form, it is segmented on the basis of its form in powder, liquid and capsule or pill. Among these form segment capsule or pill segment is expected to contribute more that 50% market share and expected to grow at higher space. Among these, capsule segment is expected to fuel the Gynostemma extract market over the forecast period. On the basis of application, the market is segmented into pharmaceuticals, cosmetics, food and beverages, and others. On analyzing the demand of Gynostemma extracts in form of capsule or pill, it was assessed that pharmaceutical and cosmetics supplements industry acquires majority of share in terms of volume. Primary reason behind its increasing demand for Gynostemma extracts in global level market is due to its richness in natural quality and organic nature. In cosmetic supplement industry, Gynostemma extracts capsule or pill is consumed widely on a large scale by the people having skin related issues. Hence, the global Gynostemma extract market is expected to significantly increase the revenue contribution over the forecast period.
Global Gynostemma Extract Market: Regional Outlook
Geographically, the global Gynostemma extract industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, Asia Pacific has developed as the most dominant region in global Gynostemma extract market followed by Europe and North America. Increasing usage of gynostemma extract in form of capsules or pills in dietary supplements worldwide has strengthened the growth of global Gynostemma extract market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
Global Gynostemma Extract Market: Growth Drivers
The global Gynostemma extract market driving factors are increasing demand for natural ingredients of Gynostemma extracts in various cosmetics and personal care products along with dietary supplements industry is important driving factor. Major driver behind increasing demand of Gynostemma extracts in current market scenario is due to its antioxidant and adaptogenic properties. Nowadays consumers are mostly influenced towards that product which has natural quality, organic in nature and also good for their health, due to which it has higher demand among growing economies of world. On the other side as per the current market trend, Gynostemma extract powder is trending in market because of its wide application in pharmaceuticals, cosmetics and food and beverage products.
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Global Gynostemma Extract Market: Players
- Nutra Green Biotechnology Co. Ltd
- Shannxi Undersun Biomedtech Co. Ltd
- Novoherb Technologies
- Mountain Rose Herbs
- Xi’an Tianxingjan Bio-products Co. Ltd.
- Huaian Chenhui Chemical Co., Ltd.
- Xi’an Natural Field Bio technique Co. Ltd.
The companies are expected to expand their business by enhancing their product portfolio in global Gynostemma extract market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global Gynostemma extract market till 2027.