Bacopa monnieri extract Market: Introduction

There is an unprecedented increase in the traction of herbal products over the past few years which are used to improve mental health problems, especially in the developed market across the globe as the conventional psychotherapeutics treatments are not properly meeting the expectation of the majority of patients having mental health problems. This has resulted in the inclination of herbal remedies as an alternative therapeutic treatment which is also being reflected with the vast majority of psychoactive drugs available as herbal remedies. Bacopa monniera is a perennial herb, a member of the Scrophulariaceae family which is native to the wetlands across the world. Bacopa monniera, also popularly known as ‘Brahmi’ is used as a brain or nerve tonic and is also being used in the Ayurvedic system of medicine for centuries. Recent researches have shown that the Bacopa monniera offers a multitude of health benefits such as cognitive-enhancing effects, specifically - memory, learning, and concentration thus also supporting the traditional Ayurvedic claims. Bacopa monniera extract is extracted from its leaves and majority manufacturers offers a products which contain around 20% of bacosides. The array of various health benefits of bacopa monnieri is anticipated to supplement the growth of global Bacopa monnieri extract market over the forecast period.

Bacopa monnieri extract Market: Segmentation

Global Bacopa monnieri extract market can be segmented on the basis of form, nature, distribution channel, and region. On the basis of form, Bacopa monnieri extract market is segmented into powder and liquid. On the basis of nature, Bacopa monnieri extract market is segmented into organic and conventional. The organic Bacopa monnieri is expected to draw a significant attention among health-conscious consumer in developed markets and subsequently, act as a driving tool for the growth of global Bacopa monnieri market. On the basis of the distribution channel, Bacopa monnieri extract market is segmented into direct and indirect. The indirect segment can be further sub-segmented into supermarket/hypermarket, pharmacy stores, online retail, and others. Among all the segment online retail is anticipated to exhibit a significantly higher growth attributed to increasing adoption of shopping through e-commerce websites among millennials across the globe.

Bacopa monnieri extract Market: Dynamics

Over the past decades, various clinical trials which involve Bacopa monniera have shown positive results in parallel with ayurvedic claims for relieving moderate stress, and memory & mental performance as the studies have shown that Bacopa Monnieri extract helps in the antioxidant protection of vital processing centers of the brain which include striatum, hippocampus, and frontal cortex. In addition, Bacopa monnieri extract helps in promoting neurotransmission and a healthy synaptic activity in the brain. All these factors are contributing toward the shift among consumer from choosing conventional treatment for mental health, towards opting for herbal based remedies which is fuelling the growth of Bacopa monnieri extract market globally over the forecast period. In addition, herbal medicines have relatively low side effects than the conventional medicine which is also one of the compelling factor among consumers to go for herbal remedies rather conventional and is anticipated to propel the growth of global Bacopa monnieri extract over the forecast period. However, improper alignment between supply and demand, low product availability coupled with low consumer awareness and associated side effects such congestion, ulcers and slow heart rate is anticipated to restrain the growth of Bacopa Monnieri market over the forecast period.                                         

Bacopa monnieri extract Market: Regional Outlook

On the basis of the regional outlook, Bacopa monnieri extract market is segmented into five different regions: North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. On analyzing the Bacopa monnieri extract market at the global level, APAC is expected to dominate the Bacopa monnieri extract market attributed to higher consumption and product availability as Bacopa monnieri extract is being used traditionally. In APAC region, the market of Bacopa monnieri extract is dominated by India as it has been used in the Ayurvedic system of medicine for centuries. North America and Europe are anticipated to show a swift growth over the forecast period owing to increasing trend of herbal remedies among the consumers.

Bacopa monnieri extract Market: Key Player:

Some of the major players operating in Bacopa monnieri extract market include Amax NutraSource, Inc., Charkit Chemical Company LLC,   NESSO - Natural & Essential Oils Pvt. Ltd.,  Sabinsa Corporation, Synthite Industries Ltd, AuNutra Industries Inc., Himalaya Global Holdings Ltd. and other regional players.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Bacopa Monnieri Extract Market

Pre Book