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According to a new report by EMR titled, 'Global White Willow Bark Extract Market Report and Forecast 2021-2026', the global market for white willow bark extract is being aided by the growing pain management drugs market, which reached a value of USD 41 billion in 2020. The pain management drugs market is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026.
The market for white willow bark extract is being driven by the growing demand from its end use segments, such as animal consumption and human consumption. The animal use of white willow bark consists of an alternative to other pharmaceutical grade salicylic acid derivatives, along with a zero to little toxic effect on animals. This is expected to aid the market growth of the white willow bark extract over the forecast period. In addition, the market is further driven by the rising safety concerns among consumers about the toxic effect of analgesic medications on kidney and liver, thus, encouraging the use of these alternate medicines. Therefore, it is expected to witness an accelerated demand over the forecast period.
The white willow bark extract industry is driven by the key players such as Herbo Nutra and The Green Labs LLC. The product offered by the Herbo Nutra has several functions or efficacies, including prevention of pyretic, analgesic, detumescence, and rheumatism; strengthening of the stomach and encouraging digestion; relieving the pain caused by arthritis, rheumatism, and carpal tunnel syndrome; and its use in reducing fever, among others. The product is available on Amazon.com, Inc. (NASDAQ: AMZN), which provides easy accessibility to the consumers, further aiding the market growth.
Market Analysis by Form, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The Green Labs LLC., Foodchem International Corporation, Augustus Oils Ltd, Naturalin BioTech Co.,Ltd, and Herbo Nutra, among others, are the key players in the global white willow bark 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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