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Global Tribulus Terrestris Extract Market: By Origin: Organic, Conventional; By Form: Powder, Liquid; By End Use: Pharmaceuticals, Dietary Supplement, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Value Chain Analysis; Industry Events and Developments
Global Tribulus Terrestris Extract Market Outlook
The global tribulus terrestris extract market is being aided by the plant extract market, which is expected to grow at a CAGR of 12.8% in the forecast period of 2023-2028. The plant extract market is projected to reach a value of approximately USD 68 billion by 2026.
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Increasing Demand for Dietary Supplements to Bolster the Growth of the Tribulus Terrestris Extract Industry
Based on end use, the dietary supplement segment accounts for a significant share in the industry. This can be attributed to the increasing trend of health and fitness across the globe and the rising preference of plant-based supplements among body builders and gymers. Meanwhile, the pharmaceutical industry is expected to witness a robust growth in the forecast period owing to the growing awareness regrading the benefits of tribulus terrestris and the increasing research activities around its use.
Tribulus terrestris extract are utilised in traditional medical practices like Ayurveda and others, particularly in the countries of the Asia Pacific. However, the easy availability of tribulus terrestris across the globe is expected to further enhance the utilisation of tribulus terrestris extracts in developed regions like North America and Europe.
Tribulus Terrestris Extract: Market Segmentation
Tribulus terrestris extracts are obtained from Tribulus terrestris, a small leafy plant widely distributed around the world. Tribulus terrestris is also known as puncture vine. The extracts of these plants are increasingly being utilised in various supplements owing to a variety of health benefits like, reduced blood sugar and cholesterol, increased sexual function and libido, its strong effect on testosterone and testosterone related conditions like libido protection of cardiovascular system, and enhanced muscle mass. The root and fruits of this plant are utilised for male virility and general vitality, respectively.
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Based on origin, the market is divided into:
- Organic
- Conventional
Based on form, the industry can be segmented into:
- Powder
- Liquid
On the basis of end use, the industry can be categorised into:
- Pharmaceuticals
- Dietary Supplement
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Plant Based Supplements to boost the Growth of the Tribulus Terrestris Extract Industry
The rising awareness among consumers regarding the negative effects of synthetic products and their associated side effects is resulting in increased demand for natural dietary supplements. This is resulting in increased utilisation of tribulus terrestris as an herbal nutritional supplement to promote large gains in strength and lean muscle mass, thus, significantly contributing to the growth of the tribulus terrestris extract industry. The growing trend of health and fitness is aiding the growth of the industry. Further, the growing investments in product marketing, such as through visual and print media in places like fitness centres, gym, and sports clubs, among others is also propelling the industry growth. Over the forecast period, the growing R&D activities around tribulus terrestris are expected to have a positive effect on the expansion of the industry.
Key Industry Players in the Global Tribulus Terrestris Extract Market
The report gives a detailed analysis of the following key players in the global tribulus terrestris extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Green Labs LLC.
- Nutra Green Biotechnology Co.,Ltd.
- Foodchem International Corporation
- Naturalin Bio-Resources Co., Ltd.
- Arjuna Natural Pvt Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Origin, Form, End Use, Region |
| Breakup by Origin | Organic, Conventional |
| Breakup by Form | Powder, Liquid |
| Breakup by End Use | Pharmaceuticals, Dietary Supplement, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Green Labs LLC., Nutra Green Biotechnology Co.,Ltd., Foodchem International Corporation, Naturalin Bio-Resources Co., Ltd., Arjuna Natural Pvt Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tribulus Terrestris Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Tribulus Terrestris Extract Historical Market (2018-2022)
8.3 Global Tribulus Terrestris Extract Market Forecast (2023-2028)
8.4 Global Tribulus Terrestris Extract Market by Origin
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Tribulus Terrestris Extract Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Liquid
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Tribulus Terrestris Extract Market by End Use
8.6.1 Pharmaceuticals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Dietary Supplement
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Tribulus Terrestris Extract Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The Green Labs LLC.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nutra Green Biotechnology Co.,Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Foodchem International Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Naturalin Bio-Resources Co., Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Arjuna Natural Pvt Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Tribulus Terrestris Extract Market: Key Industry Highlights, 2018 and 2028
2. Global Tribulus Terrestris Extract Historical Market: Breakup by Origin (USD Million), 2018-2022
3. Global Tribulus Terrestris Extract Market Forecast: Breakup by Origin (USD Million), 2023-2028
4. Global Tribulus Terrestris Extract Historical Market: Breakup by Form (USD Million), 2018-2022
5. Global Tribulus Terrestris Extract Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Global Tribulus Terrestris Extract Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Tribulus Terrestris Extract Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Tribulus Terrestris Extract Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Tribulus Terrestris Extract Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Tribulus Terrestris Extract Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Tribulus Terrestris Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Tribulus Terrestris Extract Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Tribulus Terrestris Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Tribulus Terrestris Extract Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Tribulus Terrestris Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Tribulus Terrestris Extract Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Tribulus Terrestris Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Tribulus Terrestris Extract Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Tribulus Terrestris Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Tribulus Terrestris Extract Market Structure
Key Questions Answered in the Report
The global tribulus terrestris extract market is being aided by the growing plant extract market, which is projected to grow at a CAGR of 12.8% between 2021 and 2026.
The plant extract market is estimated to reach about USD 68 billion by 2026 and is expected to support the growth of the tribulus terrestris extract industry.
The major drivers of the industry, such as the rising disposable incomes, increasing health awareness, growing retail sector, increasing demand for natural dietary supplements, and growing innovations are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments by key players in product marketing and the increasing R&D activities around tribulus terrestris.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading origin segments in the market are organic and conventional.
The major forms of tribulus terrestris extract in the industry are powder and liquid.
The significant end use sectors in the market are pharmaceuticals and dietary supplement, among others.
The major players in the industry 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.
Analyst Review
The global tribulus terrestris extract market is being driven by the rising demand for plant extract. Aided by the rising R&D investments, the plant extract market is expected to witness a robust growth in the forecast period of 2023-2028, growing at a CAGR of 12.8%. The plant extract industry is projected to reach USD 68 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By origin, the market is bifurcated into organic and conventional. On the basis of form, the industry is divided into powder and liquid. Based on end use, the market is segmented into pharmaceuticals and dietary supplement, among others. The major regional markets for tribulus terrestris extract are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Green Labs LLC., Nutra Green Biotechnology Co.,Ltd., Foodchem International Corporation, Naturalin Bio-Resources Co., Ltd., and Arjuna Natural Pvt Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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