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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tribulus Terrestris Extract Market Size
The global Tribulus terrestris extract market reached approximately USD 23.1 million in 2023. The market is further expected to grow at a CAGR of 18.0% in the forecast period of 2024-2032 to reach a value of approximately USD 105.89 million by 2032.
Key Takeaways
- About 80% of the global population in developing countries relies on plants for primary health care.
- South Africa, Australia, India, and Europe are major producers of Tribulus terrestris.
- The growing number of individuals striving to achieve muscle growth and improve athletic performance is leading to the greater adoption of Tribulus terrestris extract.
Tribulus terrestris L. grows in numerous countries across the globe. The plant has a historical presence in traditional Chinese and Indian medicinal practices and has gained modern recognition as one of the most renowned aphrodisiacs. Due to the presence of active compounds within the plant that have the potential to treat sexual and various other ailments, there is a growing curiosity surrounding it. As a result, it has become one of the most extensively researched medicinal plants at present. The primary biologically active compounds found in TT include steroidal saponins, flavonoids, alkaloids, and lignan amides, with steroidal saponins being the most extensively researched among them.
Products and formulations derived from the upper portions of the plant are particularly favoured among athletes and individuals dealing with health challenges like hormonal imbalances, sexual concerns, heart ailments, as well as various kidney and skin conditions.
Tribulus Terrestris Extract Market Report Snapshots
Tribulus Terrestris Extract Market Size
Tribulus Terrestris Market Trends
Tribulus Terrestris Extract Market Regional Analysis
Tribulus Terrestris Extract Companies
*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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Key Questions Answered in the Report
The market size reached approximately USD 23.1 million in 2023.
The market is further expected to grow at a CAGR of 18.0% 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 a value of approximately USD 105.89 million by 2032.
The key drivers of the market are increasing adoption of natural products, rising health concerns, and growing research and development about the health benefits of Tribulus terrestris.
The major regional markets are the North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end uses are pharmaceuticals, and dietary supplement, among others.
The different forms of Tribulus terrestris are powdered and liquid.
The key players in the market include The Green Labs LLC, Nutra Green Biotechnology Co., Ltd, Foodchem International Corporation, Naturalin Bio-Resources Co., Ltd, and Arjuna Natural Pvt. Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124