Chebula Extract Market: Outlook
Chebula Extract, commonly known as Harda Extract, is obtained from Chebula or Terminalia Chebula, a native plant of Southern Asia to South-western China, widely grown in India, Pakistan, China, Laos, Vietnam, Malaysia and various African and Asian countries. Chebula is a folk medicine extensively cultivated in Taiwan. Chebula Extract is also referred to as Haritaki Extract. It is used in traditional medicine to cure diabetes and uncontrollable tumours in South-western China and India. The Chebula plant has immunomodulatory and antibacterial properties.
Chebula extract also performs a variety of biological functions including antibacterial, antidiabetic and anticancer activities. The demand for Chebula Extract has been increasing due to its various applications in health care products and cosmetics as people nowadays are opting for natural cosmetic and herbal products. Chebula Extract is a well-known Ayurvedic medicine used for the treatment of heart diseases. It helps cure diseases such as hemorrhoids, sore throat, heartburn and constipation. It also increases libido and provides relief for cough and cold, piles and Anemia. Attributing to the increase in the demand for this product, investors who have invested in the Chebula Extract market can expect high returns in the coming period.
Increasing Demand for Herbal Medicines with Fewer Side-Effects
Herbal medicines have been gaining traction around the globe, especially Asia Pacific, and thus, the demand for Chebula Extract has also been rising. Globally, people are more inclined towards safer treatment options and Chebula Extract is a natural product extract that does not have any side-effects. In addition, Chebula Extract also possesses anti-inflammation and antioxidant properties and thus, is used in cosmetic products as well. Chebula Extract is used as a dying agent in the textile industry and witnesses huge demand from the industry as the chemicals used in dying are carcinogenic.
Global Chebula Extract Market: Segmentation
On the basis of source, the global chebula extract market has been segmented as:
On the basis of form, the global chebula extract market has been segmented as:
- Raw powder
On the basis of end use, the global chebula extract market has been segmented as:
- Pharmaceutical Industry
- Cosmetic Industry
- Textile Industry
On the basis of distribution channel, the global chebula extract market has been segmented as:
- Medical Store
- Mixed Store
Global Chebula Extract Market: Market Participants
Some of the key manufacturers and suppliers operating in the Chebula Extract market are Thangam Extracts, S.A Herbal Bioactives LLP, Nucleus Biotech, Tulsi Amrit Pvt. Ltd., Jairamdass Khushiram Impex Pvt. Ltd., Shree Botanicals, Sciyu Biotech Co., Ltd., Shanghai Yaokuo Herbal Biological Technology Co., Ltd. Navchetana Kendra Health Care Private Limited, Hiya India Biotech (p) Ltd., National Organics Pvt, Ltd. and Shanghai Touchhealthy Biotechnology Co., Ltd. A large number of players in the healthcare industry are keen on introducing Chebula Extract in their product portfolios, which is also expected to increase the demand for Chebula Extract in the future.
Opportunities for Market Participants
People across the globe are preferring herbal medicines for safe and effective treatment with fewer side effects, especially in Asia Pacific (rural areas). The cost effectiveness of herbal medicines further adds to their popularity. Also, Chebula Extract can act as a good replacement for dying chemicals in the textile industry as it is not carcinogenic and almost all the chemicals used in the textile industry for dying are carcinogenic. Thus, the introduction of Chebula Extract in the textile market can create new avenues for market growth. The increasing trend of opting for natural healthcare and cosmetic product is also expected to have a significant impact on the consumption of Chebula Extract during the forecast period.
Global Chebula Extract Market: Regional Outlook
In terms of production, South Asia from India, Nepal and China (Yunnan) are prominent regions across the globe. Chebula is extensively cultivated in Taiwan, Vietnam and Malaysia. The demand for Chebula Extract in these regions is much higher as compared to others as people in these regions opt for herbal or natural treatments. Chebula Extract is also used in cosmetics and textile industries and hence, the Chebula Extract markets in other regions such as the U.S. and Europe are also expected to register strong growth during the forecast period.
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