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Global Gotu Kola Extract Market
Global Gotu Kola Extract Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.2 % through 2020 to 2026, reaching nearly US$ XX Bn.
The Global Gotu Kola Extract Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Gotu Kola Extract report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Gotu Kola Extract Market Overview:
Gotu Kola’s scientific name is Centella Asiatica. Gotu Kola is a perennial herb found predominantly in the Asia-Pacific region. People have used Gotu Kola in traditional medicine for many years, due to its potential health properties. The plant is known for its ability to cure several diseases ranging from wound healing to skin-related issues. Preference for natural medicine over synthetic medicine promotes the Gotu Kola Extract Market. The increasing population, rising health concerns, and change in preference from synthetic to organic have resulted in a boom in the Global Gotu Kola ...
... Market.
Global Gotu Kola Extract Market
Global Gotu Kola Extract Market Dynamics:
Gotu Kola Extract holds medicinal properties for a wide range of health-related issues. From wound healing properties to mental health-related issues, Gotu Kola Extract is used on a wide scale in making drugs. Gotu Kola Extract is used for making medicine on different ailments like healing scars, pulmonary diseases, Blood-related diseases, and digestive system relates issues.
Different immunity-related issues, weight management, and cancer treatment medicines are mixed with Gotu Kola Extract. Different mental health-related issues like fatigue, stress, and anxiety are treated by mixing Gotu Kola Extract in medicines. Gotu Kola Extract holds a major share in drugs and medicines on different health-related issues.
The presence of natural elements and its organic nature is preferred by people for use of Gotu Kola Extract in cosmetics and personal care products.
Ease in availability and affordability is the major driver for Global Gotu Kola Extract Market.
Restraints:
Excessive consumption of Gotu Kola Extract is dangerous to health.
The presence of synthetic alternatives at low cost is the major restraining factor for Global Gotu Kola Extract Market.
Global Gotu Kola Extract Market Segment Analysis:
The Global Gotu Kola Extract Market is segmented on the basis of
By Nature, this consists of the process through which Gotu Kola Extracts are made along with the presence of different contents. Sub-segments consist of Organic where extracts are used in their natural form and Conventional where synthetic additives are mixed to enhance the contents of Gotu Kola Extracts. It is observed that Conventional Gotu Kola Extract products are leading in demand.
By Product Type, this consists of different forms in which Gotu Kola Extract is available in the market. Sub-segments consist of Powder, Crystal, Paste, and Liquid. Gotu Kola Extract in Paste form is used mostly in Cosmetics and Personal Care Products. Powder and Crystal form of Gotu Kola extracts are used in Food & Beverages. The liquid form of Gotu Kola Extracts is used in Pharmaceuticals.
By End Users, this consists of different industries that consume Gotu Kola Extracts. Sub-segments consist of Food & Beverages Industry, Pharmaceutical Industry, Cosmetics Industry, and Personal Care Products Industry. It is observed that Pharmaceutical Industry is the major consumer of Gotu Kola Extract. Different industries use Gotu Kola Extract as per need.
Global Gotu Kola Extract Market
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The above pie-chart denotes the consumption of Gotu Kola Extract by different industries in the market. It is observed that Pharmaceutical Industry is the major consumer of Gotu Kola Extract. The presence of different medicinal properties ranging from wound healing to mental health-related problems has resulted in increased consumption of Gotu Kola Extract in the Pharmaceutical Industry. Gotu Kola Extract is used to boost the immunity system and fighting off infection. Gotu Kola Extract mixed with various beverages is used to get quick relief from cold and fever. With such a wide range of applications, Pharmaceutical Industry is dominating the consumption of the Gotu Kola Extract Market.
The Food & Beverages Industry comes in the second position. Gotu Kola Extract is used as an additional flavor in different beverages. Different hot and cold beverages are mixed with Gotu Kola Extract to improve the immunity booster properties of Beverages. Gotu Kola Extract is used as a seasoning element in different food products. It provides an additional spicy taste which has resulted in increased use in different processed food products.
The cosmetics industry comes in the third position. Gotu Kola Extract is found to be effective on different skin-related issues like scratches, itching, burning, and drying. Different cosmetics products are mixed with Gotu Kola Extract to improve their functioning. Different creams, gels, and lotions are mixed with Gotu Kola extract to improve its contents for different skin and hair-related issues. This has resulted in increased consumption by Personal Care Product Industry. Different Industries use Gotu Kola Extract as per need.
Global Gotu Kola Extract Market Regional Insights
Global Gotu Kola Extract MarketThe above image shows the presence of Gotu Kola Market in the world. It is observed that the Asia-Pacific region is the biggest consumer of Gotu Kola Extract. In this region, Gotu Kola Extract is used for a long time as domestic medicine for small cuts and bruises. Gotu Kola Extract is mixed with different household beverages like tea and consumed to boost immunity on large scale. Also, the use of Gotu Kola Extract in food products and cosmetics is high in this region. Increasing population, need to live a healthy life, and attraction towards organic products has resulted in a rapid increase in this region.
South America comes in the second position. Here, Gotu Kola is looked at as an affordable and widely available immunity booster. Its consumption by medicines and food products is on a large scale here. This region is known for the largest consumption of Gotu Kola Extract in food products seasoning. North America comes in the third position. People in this region use Gotu Kola Extract mostly as an immunity booster and for other medicinal purposes.
Europe comes in the fourth position. This region uses Gotu Kola Extract mostly in Cosmetics and Personal Care products. The rise in demand for organic cosmetic products has resulted in growth in Gotu Kola Market in this region. The Middle East and Africa’s Market is showing low growth in Gotu Kola Extract Market.
The objective of the report is to present a comprehensive analysis of the global Gotu Kola Extract market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Gotu Kola Extract market dynamics, structure by analyzing the market segments and Project the global Gotu Kola Extract market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Gotu Kola Extract market make the report investor’s guide.
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Global Gotu Kola Extract Market
Global Gotu Kola Extract Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Gotu Kola Extract Market Key Players
• NOW Foods
• Nature’s Way Products LLC
• The Himalaya Drug Company
• Sigma-Aldrich Co., LLC
• Organic India
• Acure Organics
• NutraMarks
• General Nutrition Center, Inc.
• Swanson Health Products, Inc.
• Nature’s Answer
• Royal Bio
• Aakansha Naturprodukte GmbH
• Plamed Science Technology Inc.
• Agrema Poland SP Z.O.O.
• Sunrise Nutrachem Group Co., Ltd.
• Changsha Huir Biological-Tech Co., Ltd.
• Jiangxi Tengyue Biotech Co., Ltd.
• Piping Rock Health Products LLC
• Solgar Inc.
• Vitabiotics
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