Alfalfa
is a perennial herb which is being used for centuries as naturopathy
plant for the treatment of various diseases such as diabetes control,
cholesterol control, pregnancy and lactation, and control hormonal
changes. Alfalfa extract are available in the various form which
includes powder, syrup, and tablets. Alfalfa contains abundant
vitamins, minerals and proteins which is highly used in the
manufacture of the herbal product for humans and it is used as feed
for the livestock. Alfalfa has abundant bioactive compound such as
coumarins, alkaloids, saponins, phytoestrogen, flavonoids, and
phytosterols.
Alfalfa
is used as an ingredient for the preparation of many herbal medicines
as it is naturally high in many essential vitamins and minerals which
includes vitamin A, D, E, K and B complex vitamins, calcium, folic
acid, iron and magnesium and alfalfa extract contain high protein
content.
Alfalfa
extract market: segmentation
Alfalfa
extract market
is segmented on the basis of application which includes
pharmaceutical industry, food and beverage industry. Pharmaceutical
industry chiefly utilizes alfalfa extract for the manufacture of
medicines which helps in the treatment of many health conditions like
sugar control, increase urine flow, high cholesterol and asthma.
Alfalfa
extract market is segmented on the basis of form which includes
solid, powder, and liquid. Alfalfa extract in solid form are
available as tablets, capsules and alfalfa hay cubes. In liquid form
alfalfa extract are available as syrup and juice which helps in
control blood sugar, hormonal control and control allergic reactions.
Alfalfa
extract market is segmented on the basis of the nature of the product
which includes natural and organic. Organic food has minimal side
–effect as compared to the traditionally grown alfalfa that is
grown using harmful pesticides and herbicides.
Alfalfa
extract market is segmented on the basis of the end use which
includes retail and industrial. The retail segment is further
sub-segmented as distribution channel which includes online stores,
and specialized stores.
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Alfalfa
market: regional outlook
Alfalfa
is majorly grown in North America, Europe, and Asia-Pacific region.
North America is the leading producer of alfalfa as it is used
majorly in the production of biofuel. Huge capital investment is
being done on the research for using alfalfa for biofuel production
and to improve the efficacy of the fuel. Also North America is the
leading exporter of the alfalfa. The region exports alfalfa to japan,
middle-east and Africa. In Asia pacific region, China and India
possess deep penetration for alfalfa extract as these region use this
extract for utilizing its medicinal properties.
Alfalfa
extract market: drivers
Alfalfa
extract are required in abundance by the pharmaceutical industry and
dairy industry as it is used majorly for the manufacture of the
medicines and forage food. The major drivers for the alfalfa extract
may include the increasing demand for the dairy product, increase in
demand for the forage food, cure for health conditions like asthma,
diabetes and hormonal imbalance. Not only can this but the use of
alfalfa extract in the biofuel production is also expected to fuel
alfalfa extract market during the forecast period.
Alfalfa
extract market: Restraints
Alfalfa
extract manufacture is mainly limited to North America, Europe and
Asia-Pacific. Although there are a lot of manufactures in China and
U.S. who are exporting Alfalfa extract in global market but poor
distribution channel is a major setback for Alfalfa extract market.
Alfalfa extract has been introduced to the new potential markets like
Middle-east, but the lack of proper advertisement and information
among the consumers and buyers is a significant restraint for alfalfa
extract market.
Alfalfa
extract market: key players
The
key players in the alfalfa extract market are Desialis, Gaia Herbs,
Mountain Rose Herbs, Shining Mountain Herbs, Phyt's USA, Alive
Organic Sdn Bhd and Equinox Botanicals.
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