Global Rhodiola Rosea Extract Market Report and Forecast 2024-2032

Global Rhodiola Rosea Extract Market Outlook

The global rhodiola rosea extract market is being aided by the growth of the plant extract market, which is expected to grow at a CAGR of 12.5% between 2024 and 2032.          

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Favourable Geographical Conditions to Aid the Market Growth of Rhodiola Rosea Extract

The market for rhodiola rosea extract is being supported by the European region, which is significantly contributing to the market value share and is expected to continue in the forecast period. Europe is followed by the Asia Pacific and North America. This can be attributed to the favourable geographical condition in these regions since rhodiola rosea plant is native to these regions. Moreover, from the Asia Pacific region, China and from the European region, Denmark, Sweden, and Norway are active in preparing medicine traditionally by using rhodiola rosea extract. In North America, rhodiola rosea extract based products gained popularity over the last decade owing to its associated health benefits that have been proved over time by clinical studies, consequently resulting in an enhanced traction of rhodiola rosea extract based products in the market.

Rhodiola Rosea Extract: Market Segmentation

Rhodiola rosea extract is derived from rhodiola rosea, which is a perennial herb native to the arctic and mountainous regions of Europe, North America, and the Asia Pacific. The herb is variously known as golden root, arctic root, and roseroot, among others. It is used traditionally for medicinal purposes in Eastern Europe, Scandinavia, and the Asia Pacific. The product is famous for its stimulating effects on the nervous system, increasing physical strength, productivity and endurance to high altitude sickness, and decreasing depression.

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On the basis of nature, the market is divided into:

• Organic
• Conventional

Based on form, the industry can be segmented into:

• Liquid
• Powder
• Tablet/Capsule

By end use, the industry is categorised into:

• Functional Food
• Pharmaceutical
• Cosmetics
• Sports Nutrition
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Popularity of the Product for its Health Benefits to Aid the Market Growth of Rhodiola Rosea Extract

The market growth of rhodiola rosea extract is being driven by the rising popularity of the product due to its properties like increasing attention span, relieving fatigue, relieving stress, anxiety, and reducing irritability. In addition, the product is also used to enhance productivity and offer resistance to high altitude sickness. The rising usage of rhodiola rosea as an adaptogen will further enhance the market expansion of rhodiola rosea extract.

Key Industry Players in the Global Rhodiola Rosea Extract Market

The report gives a detailed analysis of the following key players in the global rhodiola rosea extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Organic Herb Inc
• PLT Health Solutions
• Xi'an Greena Biotech Co.,Ltd.
• AdvaCare Pharma
• Others

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