Global Flame Lily Extract Market Report and Forecast 2024-2032

Global Flame Lily Extract Market Outlook

The global flame lily extract market is being aided by the growth of the plant extract market. The plant extract market is expected to grow at a CAGR of 13% in the forecast period of 2024-2032 to reach a value of USD 127.00 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The Asia Pacific Region to Bolster the Growth of the Global Market for the Flame Lily Extract

The supply of flame lily extract is concentrated in the Asia Pacific and African regions such as Sri Lanka, Southern Malaysia, Africa, and Myanmar. Within India, the major flame lily extract producing regions include Maharashtra, Tamil Nadu, Rajasthan, Kerala, Goa, and Karnataka, among other states. Owing to the favourable environmental conditions within these regions, they present a significant growth potential for the market.

The overall market is being propelled forward by rising innovations in the industry. Product innovations in the market are more concentrated towards the process development, which are focused on higher colchicine content extraction. The flame lily plant flowering can be witnessed between September and October months, and they are usually harvested 170 to 180 days post-planting. The seeds, leaves, and roots of flame lily are the potential sources of the flame lily extract.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Flame Lily Extract: Market Segmentation

Flame lily extract is a derivative extracted from the processing of a tuberous herb called Gloriosa superba. It is well-known for its use in alkaloid therapy for wounds, haemorrhoids, cancer, and leprosy. The rich content of Colchicine material, which has many therapeutic uses, has propelled the significance of flame lily extract. The quality of the colchicine varies depending on the methods used for extraction and drying it.

Based on source, the industry can be divided into the following:

• Seeds
• Leaf
• Root
• Others

Flame lily extract finds its end-uses in the following sectors:

• Pharmaceuticals
• Agriculture
• Others

The regional markets for flame lily extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Awareness of the Medicinal Uses of Flame Lily Extract Aiding the Market Growth

The market is being driven by the rising adoption of the extract for medicinal uses and its widespread use in traditional medical practices. Flame lily extract is beneficial in the management of inflammation and pain, among other medicinal applications. It is also thought to be useful in treating gout, snake bites, urological pains, ulcers, piles, acne, wounds, asthma, cholera, scratching, lepra, cancer, night-time discharge, head lice, sexually transmitted diseases, scorpion stings, and kidney problems, among many other diseases. The flame lily extract also finds extensive application as a nematicide because of the higher colchicine content. In the forecast period, the market is expected to be driven by the rising demand for organic ingredients in the pharmaceutical and agricultural industries.

The report gives a detailed analysis of the key players in the global flame lily extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report