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Global Tribulus Terrestris Extract Market to Grow at a Healthy Pace During 2021-2026, Aided by the Growing Plant Extract Market

According to a new report by EMR titled, ‘Global Tribulus Terrestris Extract Market Report and Forecast 2021-2026’, the market is being aided by the growing plant extract industry, which is expected to grow at a CAGR of 12.8% between 2021 and 2026 to attain a value of USD 68 billion by 2026.

The global tribulus terrestris extract industry is being driven by the growing consumer preference for plant based dietary supplements among the health-conscious consumers. The tribulus terrestris extract can be found in two forms, that is, liquid and powdered extract. Among these, the powdered form is widely utilised to produce the product in various convenient dosage forms like derived capsules and tablet formulation, among others. The plant based supplements are also gaining immense popularity among athletes to enhance endurance and gain muscle mass. On the basis of region, North America is expected to significantly contribute to the growth of the plant extracts industry, which, in turn, will propel the demand for tribulus terrestris extracts in the forecast period.

The growing innovations to attract health conscious consumers are expected to significantly contribute to the market growth. Further, the consumption of natural products is associated with little to no risk, thus, resulting in increased demand for the product. The growth of the e-commerce industry and the easy availability of tribulus terrestris based supplements through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) are expected to significantly contribute to the market growth over the forecast period.

Market Breakup by Origin, Form, End Use, and Region:

  • By origin, the industry can be divided into organic and conventional. 
  • The industry can be bifurcated based on form into powder and liquid.
  • Based on end use, the industry can be categorised into pharmaceuticals, and dietary supplement, among others.
  • Region-wise, the global market for tribulus terrestris extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for tribulus terrestris extract is being driven by the growing demand for natural products and the increasing preference for plant based dietary supplements. 
  • The increasing trend of health and fitness is further contributing to the market expansion. 
  • The industry is receiving a further impetus with the rising consumer disposable incomes and improving standards of living. 
  • The growing R&D activities and the growing investments in product marketing are expected to further propel the market growth. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for tribulus terrestris extract for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the origin, forms, end uses, and major regions of tribulus terrestris extract.
  • The report also gives the regional historical (2016-2020) and forecast (2021-2026) price trends of the product.
  • 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.

The major players in the global tribulus terrestris extract market are The Green Labs LLC., Nutra Green Biotechnology Co.,Ltd., Foodchem International Corporation, Naturalin Bio-Resources Co., Ltd., and Arjuna Natural Pvt Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players. 

About Us:

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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