Pueraria Extract Market: Introduction:
Pueraria extract is used in foods and health products to add its fortifying characteristics such as reduction of blood pressure and blood-fat content. Pueraria Extract is derived from the pueraria mirifica plant, which is found in northern and north eastern Thailand and Myanmar. This product is processed from the root of the plant and formulated into a fine brownish-yellow powder. Pueraria extract is used for its beneficial properties for increasing appetite and rejuvenating effects. Pueraria is widely used in dietary supplements, functional foods and meal replacements. Pueraria extract is used for the production of purring, a Chinese medicine injection, used for heart and cerebrovascular disease. The Pueraria extract carries phytoestrogen effect which is used to reduce symptoms caused by aging and decrease estrogen level. Pueraria extract market is anticipated to grow over the forecast period with a high CAGR due to its various application. The Pueraria extract market is projected to be dominate by North America and Asia-Pacific because of his great herbal consumer base.
Pueraria Extract Market: Segmentation:
The Pueraria extract market can be segmented by form, end-user, and distribution channel.
By form, the Pueraria extract market can be segmented into powder, liquid, and capsule. The liquid and powder are anticipated to hold the dominate market share due to high volume consumption in end-use industries.
By end-user, the Pueraria extract market can be segmented into food and beverages, pharmaceuticals, cosmetic and personal care, and dietary supplement. Supplement segment is anticipated to have a larger value share in Pueraria extract market.
The Pueraria extract market can be segmented by distribution channels into direct and indirect. The indirect can be further segmented into modern trade format, specialty stores, drug store, e-commerce and other retail formats. The drug store format and specialty are expected to have a larger share regarding volume as targeted consumers are easy to achieve under such formats.
Pueraria Extract Market: Region-wise Outlook:
North America is anticipated to stay strong market for the Pueraria extract as a large consumer base is already present for both fortified food and herbal supplementary in the region. Asia-Pacific is expected to follow after North America due to Pueraria being a traditional medicine over a large part of the region. Europe and Latin America is also anticipated to increase demand for Pueraria extract over the forecast period as herbal supplement consumption trend is spreading in.
Pueraria Extract Market: Drivers and Restraints:
Rise in the herbal supplement, and fortified food consumption over the globe is anticipated to boost the Pueraria extract market. Also, use of alternative medicine and natural product to cure chronic diseases is increasing in regions like North America and Europe which is expected to boost the global Pueraria extract market over the forecast period.
The growing consumer focus on health consciousness is driving the market for Pueraria Extract. The increasing health benefits for prevention from heart diseases, diabetes, cholesterol level and blood pressure is leading the immense growth of Pueraria extract in emerging and developed economies.
The growing demand for natural health supplements is also promoting the demand and consumption of pueraria extract in the global market. Pueraria extract is widely used for promoting the efficient functioning of immune system and effectiveness in metabolism.
Low market penetration of the product and lack of awareness may result in restraint for the global Pueraria extract market. Lack of scientific findings of the benefits of the Pueraria extract is barring a lot of consumers to opt for it which is further expected to act as a restraint for Pueraria extract market.
Pueraria Extract Market: Key Players:
The key industry players in Pueraria extract market are Amax NutraSource, Inc., AuNutra Industries Inc, Carrubba Inc., Organic Herb Inc., Xi'an Green Biotech Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., and Naturex Group.
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.
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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.