Global Damiana Extract Market: Overview
Turnera Diffusa, which is commonly known as damiana is a woody shrub native to Central America, Southern Texas of U.S, Mexico, the Caribbean, and South America. The shrub develops small aromatic flowers and fruits that taste like figs. Damiana is highly popular in its native owing to its traditional use for the treatment of a number of condition such as kidney issues, depression, and diabetes. Leaves of the shrub have been used commonly as an aphrodisiac in Mexico and is used for female as well as male for boosting physical as well as mental stamina, as a relaxant, diuretic, and digestive stimulant. It is also used as a herbal alternative for regulating reproductive, kidney, and digestive health.
Although, native to North and South America, and Caribbean, damiana, in the form of extracts, finds demand across the world owing to the rising inclination of the global population towards herbal products instead of mainstream allopathic products. This report presents a thorough assessment of the past and present growth dynamics of the market and includes forecast regarding the future growth potential of the market over the period between 2017 and 2025.
Global Damiana Extract Market: Segmentation
The report, for presenting a much detailed account of the market, segments the global damiana extract market on the basis of criteria such as form, variety, application, and geography. Based on form, the report covers the market for damiana liquid extract and damiana powder extract. Based on application, the market for damiana extract has been segmented in the report into powders, syrups, liquid supplements, Mexican liqueurs, teas, and herbal capsules. Based on the criteria of variety, the report segments the global damiana extract market into conventional damiana extract and organic damiana extract. Of these, the segment of organic damiana extract is more preferred over the segment of conventional damiana extract.
Global Damiana Extract Market: Regional Outlook
The report covers the global market for damiana extract across regions such as Latin America, North America, Asia Pacific, Europe, and Middle East and Africa. Presently, the market earns a large share in its revenue from sales across North America and Latin America, chiefly owing to the high production volumes in these regions. The market in Europe and Asia Pacific is presently in the early stages of expansion and is expected to grow at a healthy pace in the next few years as demand for herbal products is rising at a promising rate. Rising awareness regarding the health benefits of damiana extract across Middle East and Africa will help the market expand at a healthy rate over the report’s forecast period.
Global Damiana extract Market: Key Players
Some of the leading companies producing and marketing damiana extract in the global market are Liberty Natural Products, Inc., Barlowe's Herbal Elixirs, Bristol Botanicals Limited, Whole Herb Company, Traditional Medicinals, Herb Pharm, Nature's Way Products, LLC, Now Foods, and Natural Factors Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.