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Global Rhodiola Rosea Extract Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by its Ability to Control Mild to Moderate Depression

According to a new report by EMR titled, 'Global Rhodiola Rosea Extract Market Report and Forecast 2021-2026', the global market for rhodiola rosea extract is being supported by the growth of the plant extract market, which is projected to grow at a CAGR of 12.8% during 2021-2026 to reach USD 68.81 billion by 2026.

The market for rhodiola rosea extract is being driven by the rising awareness about the product for its ability to effectively lessen the mild to moderate level of depression in comparison to the placebo drug. Further, in 2012, the European Medicines Agency or EMA stated rhodiola rosea extract based medicinal products as adaptogen, which has since boosted the market demand for the product in the historical period. The extracts of rhodiola rosea have been standardised by several manufacturers and are promoted as a natural adaptogen in the market. Thereby, enhancing the market growth of the product over the forecast period.

PLT Health Solutions is the leading key player in the rhodiola rosea extract industry. In 2019, the company developed a verification project for Rhodiola rosea L by partnering with renowned companies like Botanical Liaisons, LLC and NaturPro Scientific, LLC. This programme was started to verify the rhodiola rosea extract which is being supplied from the USA inventory of the company. In 2017, the American Botanical Council published a report on the adulteration of the ingredient. The company has since taken the initiative to provide high quality rhodiola rosea extract by developing an ingredient identity verification programme. This is expected to boost the market growth over the forecast period due to a stronger trust in the product. The product is available on Amazon.com, Inc. (NASDAQ: AMZN), iherb.com, and select natural retailers, which help in boosting the sales of the product.

Market Analysis by Nature, Form, End Use, and Region:

  • The rhodiola rosea extract industry, on the basis of nature, is divided into organic and conventional.
  • Based on form, the industry is segmented into liquid, powder, and tablet/capsule.
  • By end use, the industry is categorised into functional food, pharmaceutical, cosmetics, and sports nutrition, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global rhodiola rosea extract industry is being driven by the inflating disposable income of the population.
  • The market growth of rhodiola rosea extract is being aided by the gaining significance of the product for its several properties like enhancing attention span, relieving fatigue, and others.
  • The market is further expected to expand on the account of a statement published by European Medicines Agency (EMA) which recognises rhodiola rosea as an adaptogen. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for rhodiola rosea extract for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the nature, forms, end uses, and major regions of rhodiola rosea extract. 
  • It gives an in-depth look at the regional price trends in the global market for rhodiola rosea extract.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Organic Herb Inc, PLT Health Solutions, Xi'an Greena Biotech Co.,Ltd., and AdvaCare Pharma, among others, are the key players in the global rhodiola rosea extract market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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