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The global senna leaf extracts market attained a value of about USD 32.26 billion in 2023. The market is expected to grow in the forecast period of 2024-2032 at a CAGR of 10.20% to reach nearly USD 77.32 billion by 2032.
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The global senna leaf extracts industry is led by the Asia Pacific region, in terms of production. Countries like India and China are among the leading producers of the product. On the other hand, North America is considered to be the leading consumer region for the senna leaf extracts, followed by Japan and Europe. The rising awareness about the health benefits of the products along with its ability to help speed up the process of weight loss is driving the growth of the industry and is likely to grow further in the forecast period as well.
Senna is a native plant in North Africa, and both seeds and leaf extracts are used in herbal medicine. It is mainly known for its gastrointestinal cleaning properties, acts as a natural laxative and is mostly taken in the form of a tablet, capsule, or tea. Senna tea and supplements can be sold in the herbal section of several natural food and grocery stores. Senna is a non-prescription laxative approved for use by the FDA. It is also used for haemorrhoids, irritable bowel syndrome (IBS) and weight loss.
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The forms of the product can be divided as follows:
Based on applications, the industry can be divided into the following:
The regional markets for senna leaf extracts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Senna leaf extract has proven to be helpful in weightless and good for digestive disorders including constipation therapy, thereby providing substantial market demand for weight loss supplements. Senna leaf extracts are widely used in skin care and hair care, so the consumer demand for natural and herbal cosmetics products is projected to increase significantly over the forecast period. Senna leaf extract has been shown to be beneficial in the treatment of haemorrhoids and intestinal worms and is an excellent colon cleanser. Thus, it is used in the treatment of gastrointestinal disorders. Senna leaf extract also leads to weight loss as it is low in calories and thus raises the demand for fluid intake from the consumers.
The report gives a detailed analysis of the following key players in the global senna leaf extracts 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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of approximately USD 32.26 billion.
The market is projected to grow at a CAGR of approximately 10.20% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 77.32 billion by 2032.
The growth of the market is being driven by factors such as growing awareness about the uses of the senna leaf extract among consumers and the increased demand from the end-use sectors.
The growing usage of the senna leaf extract in the treatment of gastrointestinal disorders and the rising health ailments are the key trends of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major forms include powder, liquid, and tablet/capsules.
The applications include pharmaceuticals, dietary supplement, and food additive, among others.
The key players in the global senna leaf extracts market are NOW Health Group, Inc., Apex international, Bioprex Labs, and Nutra Green Biotechnology Co.,Ltd., among others.
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