The Asia Pacific Amla Extract Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027). The increasing adoption and popularity of plant-based products have changed the way collagen formulators source ingredients. Amla extracts, specifically a patented form known as Saberry is gaining traction and thus increasingly used in nutricosmetics especially in China, Japan, and South Korea. This increase in the application of amla extract in nutricosmetics would accelerate the market growth.
In various parts of East Asia, the nutricosmetics market is very mature, and increasingly utilizing amla extracts as one of the natural key ingredients. Moreover, the industry has bright prospects in other regions as well and thus the potential of nutricosmetics is estimated to spur demand for amla extracts over the forecast years.
Asia Pacific emerged as the dominating region in the global amla extract market in 2020 and would exhibit similar trend even during the forecast period. It is due to the factors such as the growing inclination of people towards using amla-based products due to its high nutrient content. In addition, the population in this region has an influence of amla in their food habit, especially in India and Japan. These countries are adopting various products containing amla as they are much aware of its health benefits.
Amla is also known as Indian gooseberry and is the prevalent food item in India. People in India consume amla in various forms like pickle, candies, amla jam (murrabba) and many more. Amla hair oil is very famous in this region and thus, contributing to the growth of the amla extract market in the Asia-Pacific region.
The Food & Beverages market dominated the South Korea Amla Extract Market by Application in 2020, thereby, achieving a market value of $713.1 Million by 2027. The Personal Care & Cosmetics market is showcasing a CAGR of 6% during (2021-2027). Additionally, The Pharmaceuticals market is expected to witness highest CAGR of 7.1% during (2021-2027).
Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Nutraceuticals, and Others. Based on Type, the market is segmented into Powder and Pulp. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Amla Extract Market is Projected to reach USD 51.8 Billion by 2027, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Taiyo International (Taiyo Kagaku Corporation), Arjuna Natural Pvt. Ltd., Sydler Group, Risun Bio-Tech, Inc., Patanjali Ayurved Limited, Ambe Phytoextracts Pvt. Ltd., Biomax Lifesciences Ltd., Innophos Holdings, Jiva Botanicals LLC, and Paradise Herbs & Essentials, Inc.
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