Andrographis Paniculata Extract Market Size, Share, Growth, And Industry Analysis By Type (Less than 15%, 15%-50%, 50%-98%, Above 98%) By Application (Feed, Liquid, Injection), Regional Forecast To 2031

Updated On: 08 April 2024

Andrographis Paniculata Extract Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global andrographis paniculata extract market size was USD 141.9 million in 2022 and is projected to touch USD 335 million by 2031, at a CAGR of 10.0% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over. 

Andrographis Paniculata Extract is a herbal extract derived from the leaves and stems of the Andrographis Paniculata plant. It is also known as the "King of Bitters" due to its extremely bitter taste. The plant is native to India and Sri Lanka but is also found in other parts of Asia, including China and Thailand. The extract has been used in traditional medicine for centuries and is known for its medicinal properties, including its ability to boost the immune system, reduce inflammation, and fight infections. It contains several active compounds, including andrographolide, which is believed to be responsible for its medicinal properties. Andrographis Paniculata Extract is used in the production of various pharmaceutical products, including herbal supplements, cough syrups, and other medicines. It is also added to various food and beverage products as a natural supplement.

The Andrographis Paniculata Extract market is a growing market due to its health benefits and increasing demand from the pharmaceutical and nutraceutical industries. Andrographis Paniculata is an herbaceous plant that is commonly found in India, China, and Southeast Asian countries. The extract of Andrographis Paniculata has been used for centuries in traditional medicine to treat various illnesses such as fever, cold, and respiratory infections.

COVID-19 Impact: Worldwide Spread of Coronavirus Led to Increase in Demand for Natural Supplements and Immunity Boosters Boosted the Market Growth

The Covid-19 pandemic has had a positive impact on the Andrographis Paniculata Extract market. The demand for natural supplements and immunity boosters has increased due to the pandemic. Andrographis Paniculata Extract has been used as an immunity booster and has been in high demand during the pandemic. The Covid-19 pandemic has resulted in a shift towards preventive healthcare, and Andrographis Paniculata Extract has gained popularity as a natural preventive supplement. The Covid-19 pandemic has also led to disruptions in the global supply chain, resulting in a shortage of raw materials required for the production of Andrographis Paniculata Extract.

Latest Trends

"Increasing Demand for Natural Supplements and Alternative Medicines to Boost the Market Development"

The increasing demand for natural supplements and alternative medicines is a major trend in the Andrographis Paniculata Extract market. The rising prevalence of chronic diseases and the increasing awareness regarding the side effects of synthetic drugs has led to a shift towards natural supplements and alternative medicines. Andrographis Paniculata Extract is a natural supplement that is used to treat various illnesses and has gained popularity due to its effectiveness and minimal side effects.

Andrographis Paniculata Extract Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into Less than 15%, 15%-50%, 50%-98%, Above 98%. Less than 15% being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Feed, Liquid, Injection. Feed being the leading segment of the market by application analysis.

Driving Factors

"Increasing Demand from the Pharmaceutical Industry to Drive the Market Growth"

The demand for Andrographis Paniculata Extract in the pharmaceutical industry is increasing due to its various medicinal properties. The extract has been used in traditional medicine for centuries and has gained popularity in modern medicine for its ability to treat respiratory infections, fever, and other illnesses. The extract contains andrographolides, which are known for their anti-inflammatory, antiviral, and antibacterial properties. Additionally, studies have shown that Andrographis Paniculata Extract may have potential in treating cancer, diabetes, and cardiovascular diseases. The increasing demand for natural medicines and the effectiveness of Andrographis Paniculata Extract has led to a rise in its demand from the pharmaceutical industry.

"Growing Demand from the Nutraceutical Industry to Drive the Market Development"

The nutraceutical industry has also contributed to the growth of the Andrographis Paniculata Extract market. Andrographis Paniculata Extract is a natural supplement that is added to various food and beverage products. The extract contains high levels of antioxidants and anti-inflammatory compounds, which have led to its popularity as a natural supplement. The increasing demand for natural supplements and alternative medicines has led to the growth of the nutraceutical industry, which in turn has led to the growth of the Andrographis Paniculata Extract market. Furthermore, the rising trend of health and wellness and the shift towards preventive healthcare has also contributed to the growth of the nutraceutical industry and the Andrographis Paniculata Extract market.

Restraining Factors

"The Lack of Standardization and Regulations to Impede the Market Growth"

The lack of standardization and regulations in the Andrographis Paniculata Extract market is a major challenge faced by the industry. The quality of the extract varies depending on the source and the method of extraction. The lack of standardization and regulations make it difficult for consumers to choose the right product, and it also makes it challenging for manufacturers to maintain consistent quality. This lack of standardization can lead to variations in the effectiveness of the extract, which can impact consumer confidence and lead to a decrease in demand. The need for standardization and regulations in the Andrographis Paniculata Extract market is crucial to ensure consistent quality and safety for consumers.

Andrographis Paniculata Extract Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"History Of Using Traditional Medicines and Natural Supplements in North America to Bolster the Market Growth in the Region"

Asia Pacific is the largest market for Andrographis Paniculata Extract. The region has a long history of using traditional medicines and natural supplements, which has led to the growth of the Andrographis Paniculata Extract market. India and China are the major producers of Andrographis Paniculata Extract in the region. The increasing awareness regarding the health benefits of Andrographis Paniculata Extract and the rising demand from the pharmaceutical and nutraceutical industries are also driving the growth of the market in the Asia Pacific region.

North America is another key market for Andrographis Paniculata Extract. The region is witnessing increasing demand for natural and herbal supplements due to growing health concerns and a preference for natural remedies. The United States is the largest market for Andrographis Paniculata Extract in North America, followed by Canada. The market is being driven by the growing demand from the nutraceutical industry and increasing awareness about the health benefits of Andrographis Paniculata Extract. The rising prevalence of respiratory infections, fever, and other illnesses is also contributing to the growth of the Andrographis Paniculata Extract market in North America.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Martin Bauer Group (Germany)
• Sabinsa (U.S.)
• Bioprex (India)
• Gurjar Phytochem (India)
• Mother Herbs (India)
• Pure and Green (India)
• Guilin Layn Natural Ingredients (China)
• Changzhou Natural Pharmaceutical (China)
• Shaanxi Huike Botanical Development (China)
• Hunan Zhengdi Biological (China)
• Sichuan Hongyi (China)
• Xi'an Changyue Phytochemistry (China)
• Sichuan Zhonghong (China)
• Guilin Sanling Biotech (China)
• Shaanxi Tianrun (China)
• Changsha LuYuan Bio-Tech (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.