Middle East and Africa ashwagandha market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.5% in the forecast period of 2022 to 2029 and is expected to reach USD 6.26 million by 2029. Increasing demand for ashwagandha dietary supplements owing to Busier Lifestyle and increasing demand in pharmaceutical sector acts as a driver for Middle East and Africa Ashwagandha Market in the forecasted period.
Ashwagandha is a natural herb, which is used for treating variety of health conditions. It is commonly known as Withania Somnifera, also recognized as Indian ginseng, poison gooseberry, and winter cherry has been used from ancient times in many cultures for its health benefits such as indian ayurvedic system uses withania somnifera as medicine Rasayana (tonic), particularly since a nerve tonic. Ashwagandha is considered an effective ingredient for maintaining the vitality and rejuvenation and boosting general health.
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The leaves and root of this short herb have versatile medicinal values. It is used for various kinds of disease processes and especially as a nervine tonic of herbal extracts or herbal powders. Ashwagandha is a medicinal herb that helps to cure various diseases such as cancer, diabetes, and others. The ashwagandha extract proves beneficial for reducing the blood sugar levels, improves concentration, enhances brain functioning, and helps to relieve stress. Thus, there is a high demand for ashwagandha extract from the pharmaceutical industry. Increasing demand for ashwagandha supplements and growing popularity of ashwagandha owing to its nutritional and health benefits is expected to drive the growth of the market. However, poor clinical trials associated with ayurvedic medicines is expected to hinder the growth of market.
Highlight of Table of Content:
§ Chapter 1: Market overview
§ Chapter 2: Middle East and Africa Ashwagandha Market Analysis
§ Chapter 3: Regional analysis of the Middle East and Africa Ashwagandha Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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Some of the major players operating in the Middle East and Africa ashwagandha market are KSM66 ASHWAGANDHA, Sabinasa, Creative Enzyme, Herbochem and Simply By Nature Ltd among others among others., domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2022?
· Who are the competitive players in Middle East and Africa Ashwagandha Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2022 to 2029?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the Middle East and Africa Ashwagandha Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on the Middle East and Africa Ashwagandha Market?
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