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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global White Willow Bark Extract Market Outlook
The global white willow bark extract market is being aided by the growth of the pain management drugs market. The global pain management drugs market is expected to attain USD 46.12 billion in 2023 and is expected to further grow at a CAGR of 4% in the forecast period of 2024-2032.
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Widespread Use of the Product in Pain Management to Aid the White Willow Bark Extract Industry
The market for white willow bark is driven by its widespread use in pain management. Its properties include the presence of polyphenols and flavonoids, antiseptic, antioxidant, fever-reducing, and immune-strengthening properties. This further adds to its commercialisation across several sectors. The market has further strengthened due to the availability of the product in various dosages, along with its evidence-based research. The new dosage forms include tablets, liquid syrups, capsules, and topical preparations. Further, the rising consumer awareness about the safe usage and natural pain relief medication has boosted the demand for white willow bark extract and is expected to aid the market growth over the forecast period as well. The product is used mainly in India, China, and Greece as traditional medicines. This is attributed to the rising consumer preference for traditional products across the globe.
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White Willow Bark Extract: Market Segmentation
White willow bark extract is used to treat pain in the lower back and osteoarthritis within the Asia Pacific and Europe. The ointment offers a traditional alternative to pain medicines and additional derived uses like its use as an anti-inflammatory agent and relief from menstrual cramps. The relief caused by its application is due to the chemical constituent salicin present in it that has a similar structure to that of aspirin and provides mild relief in pain.
On the basis of form, the market is divided into:
- Powder
- Liquid
Based on end use, the industry can be segmented into:
- Food and Beverage
- Cosmetics
- Personal Care
- Pharmaceuticals
- Dietary Supplements
- 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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Rising Demand from the Health-Conscious Consumers to Aid the Global Market Growth of White Willow Bark Extract
The white willow bark extract industry is driven by its use as an alternative to pharmaceutical medicines that could have major side effects. Therefore, the rising demand from the health-conscious consumers is predicted to aid the market for white willow bark extract over the forecast period. The market is further aided by the availability of the product in a variety of preparations such as capsules and tablets, which has led to the convenience in use for the consumers and the option to choose the best-suited alternative. Further, the product offers an alternative to manage chronic pain from a mild to a moderate degree, which is significantly contributing to the market growth of white willow bark extract.
Key Industry Players in the Global White Willow Bark Extract Market
The report gives a detailed analysis of the following key players in the global white willow bark 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.
- Foodchem International Corporation
- Augustus Oils Ltd
- Naturalin BioTech Co.,Ltd
- Herbo Nutra
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
White Willow Bark Extract Market Report Snapshots
White Willow Bark Extract Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global white willow bark extract market is aided by the growing pain management drugs market, which attained a value of nearly USD 46.12 billion.
The pain management drugs market is projected to grow at a CAGR of 4% between 2024 and 2032, further aiding the white willow bark extract industry growth.
The major drivers of the market include the use of white willow bark extract as an alternative to pharmaceutical medicines, the rising demand of white willow bark extract among health-conscious consumers, the growing use of the product in a variety of preparations, and technological advancements.
The key trends guiding the market growth include the use of white willow bark extract to manage chronic pain, the increasing commercialisation of white willow bark extract across various end-use sectors, and the growing preference for traditional medicines.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of white willow bark extract in the market are powder and liquid.
The major end uses of white willow bark extract are food and beverage, cosmetics, personal care, pharmaceuticals, and dietary supplements, among others.
The major players in the market are The Green Labs LLC., Foodchem International Corporation, Augustus Oils Ltd, Naturalin BioTech Co.,Ltd, and Herbo Nutra, among others.
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