Bitter Melon Extract: Market Outlook
The bitter melon extract is the extract obtained from the bitter melon fruit that is grown widely in Asia, Africa, and the Caribbean. Due to the bitterness of the bitter melon extract, they are unpalatable for most of people. But there are significant medicinal advantages of the bitter melon extract, which is why they are grown so extensively. The fruit of bitter melon is extracted, concentrated, purified and then dried to obtain the extract. The extraction process of the bitter melon extract is carried out by two different methods. The active components of the fruit are acquired in the bitter melon extract by the extraction processes. It also has a wide array of vitamins and minerals that are essential for the humans. Along with these nutrients they also have antioxidant properties that make the bitter melon extract very beneficial. The extract is present commercially only in the form of the powder which is being used mostly commercially to produce products that can be easily available to the consumers.
The bitter melon extract due to its bitterness is incorporated in the form of supplements that can be consumed by individuals to get the benefits of the medicinal properties of bitter melon extract.
Health Benefits of Bitter melon extract beating the unpalatability
The bitter melon extract has been used for many years in the Asian countries but not on a commercial purpose. A lot of research work has brought the bitter melon extracts on a commercial platform. The bitter melon extract has been proved to be a natural insulin has known to reduce the blood glucose level in people suffering from diabetes. Also, research has shown that the bitter melon extract has effects on the breast cancer patients. The consumption of the bitter melon extract on a regular basis is said to reduce certain types of cancer risks in a person. They are also being used in cosmetic products due to the compounds that help in brightening the skin.
The bitter melon extract is also known to reduce cholesterol and have many skin and hair benefits. But these properties have not yet been proved and research is going extensively to prove these properties present in the bitter melon extract. It is thus mixed with other herbal extracts and used for medicinal purposes.
Bitter melon Extract: Segmentation
The global Bitter Melon Extract market is segmented on the basis of Nature, Processing and Sales Channel.
On the basis of nature, the global Bitter Melon Extract market has been segmented as-
On the basis of processing, the global Bitter Melon Extract market has been segmented as-
- Cold-press extraction
- Solvent extraction
On the basis of sales channel, the global Bitter Melon Extract market has been segmented as-
- For industry use
- Beverages – Tea
- Cosmetics and personal care
- Specialty stores
- Medical stores
- Online retailers
- For industry use
Bitter melon Extract: Key Players
Some of the leading players of global Bitter melon extract market include Nanjing Zelang Medical Technology Co., Ltd., Bizen Chemical Co., Ltd., Amsar Pvt. Ltd., Kingherbs Ltd., Nutragreen Biotechnology Co., Ltd., Runherb Corp., Human Nutramax, Inc.
Bitter melon Extract: Opportunities
The bitter melon extract was not popular on a commercial basis due to many people being unfamiliar of its properties. But due to a large number of research being carried on the medicinal properties of bitter melon extract, it is being used in commercial purposes such as in dietary supplements. The bitter melon extract is also incorporated with other components to be used in the pharmaceutical industry. Many tea flavors are also available with infusions of other flavors to avoid the bitterness of the bitter melon extract but at the same time benefit from its properties.
A lot of research is being carried out in the cosmetic industry to benefit from the bitter melon extract components. Few creams are already available in the market but there is a lot more research going on for these cosmetics.
Cancer research is extensively going on bitter melon extracts due to positive results seen on the primary research that were carried out.
Bitter melon extract: Brief Approach to Research
The analysis will be done on the modeling-based approach and triangulation methodology to estimate the data covered in this report. A detailed market understanding and assessment of the origin, source and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sale of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market size.
Key Data Points Covered in the Report
Some of the key data points covered in our Bitter melon extract market report include:
- An overview, including background and evolution
- Macroeconomic factors affecting the Bitter melon extract market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the Bitter melon extract market
- The cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this Bitter melon extract market
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.