Centella
asiatica is a small herbaceous plant which is also known as Gotu Kola
in many regions. Gotu kola is indigenous to Asia Pacific regions.
Gotu Kola extract is majorly used for its traditional herbal remedy
and culinary uses. Gotu kola extract has been used in Ayurveda for
thousands of years. Gotu kola extract is used to make caffeine-free
beverages which are used to prevent mind related disorders like
mental fatigue, anxiety, depression, and insomnia etc. Gotu kola
extract is used on wounds as antifungal and antibacterial. Gotu kola
extract is employed in blood coagulation. Gotu kola extract is also
utilized in gourmet cuisine for salad dressing and seasoning.
Preference of natural medicine over synthetic medicine promote the
Gotu
kola extract market.
Gotu
Kola Extract: Market Segmentation
Global
Gotu kola extract market is segmented on the basis of application,
type, form and geography, distribution channel.
Gotu
kola extract market is segmented on the basis of the application
which includes; Pharmaceutical, Food and beverage, and Personal care
and cosmetics. In pharmaceutical application, Gotu kola extract has
many medicinal properties so it is used in the preparation of several
medicines. In food and beverages application, Gotu kola extract is
used for the culinary purposes like salad dressing, seasoning, and
tea, and in personal care and cosmetics application, Gotu kola
extract is used in the preparation of different cosmetic products
like face wash, facial cream etc.
Gotu
kola extract market is segmented on the basis of form, those are the
liquid form (juices and packaged drink), paste form (creams), solid
form (tablets).
Gotu
kola extract market is segmented on the basis of the type which
includes; Natural and Organic.
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Gotu
kola extract market is segmented on the basis of geography which
includes; The Middle East and Africa (MEA), North America,
Asia-Pacific (APAC), Europe, and Latin America
Gotu
kola extract market is further segmented on the basis of distribution
channel which includes: Hypermarket/supermarket, convenience stores,
specialty stores, grocery stores, and Online retailing
Gotu
kola extract market is anticipated to register comparatively higher
value share from Supermarket/hypermarket than other channels during
the forecast period. Online sells are expected to register relatively
more growth in Gotu kola extract market over the forecast period.
Rising consumer towards online purchasing of products is anticipated
to support the growth of Gotu kola extract market over the forecast
period.
Gotu
Kola Extract Market: Regional Outlook
In
terms of geography, the global Gotu kola extract market has been
divided into five key regions including North America, Latin America,
Europe, Asia-Pacific and Middle East & Africa.
Production
wise India, China, Sri Lanka, and other APAC countries are the major
producer of Gotu kola extract. While North America specifically the
USA is the major importer of Gotu kola extract.
Gotu
Kola Extract Market: Driver and Restraint
Gotu
kola extract possesses high demand in various application due to its
versatile medicinal properties and uses in different products.
Principle factors driving market demand are continuous rising demand
for antifungal, antibacterial, cardiovascular disease medicines and
other brain health supplements due to infection and heart-related
disease and rapidly growing number of consumers seeking health
supplements related to mental health, stress and anxiety management
etc. It is also preferred because of the absence of caffeine. Various
properties of Gotu kola extract as the natural medicine for the
digestive system, weight management, immune system booster, cancer
treatment and blood pressure helper etc. are factors driving market
demand for Gotu kola extract. Gotu kola also increases the blood
circulation in the diabetic patient. It also stimulates the blood
coagulation for healing the wound. Gotu kola also cures the scars.
Preference of natural cosmetic product over chemical product are the
major driver Gotu kola market. Gotu kola must be avoided before the 2
weeks from surgery and should be avoided by pregnant women, which may
cause menstruation.
Gotu
Kola Extract Market: Key Player
Some
of the key players operating in gotu kola extract market include:
Nature's Way Products, LLC, General Nutrition Centers, INC., The
Himalaya Drug Company, Sigma-Aldrich Co. LLC., Swanson Health
Products, Inc., NOW® Foods, ORGANIC INDIA, ACURE ORGANICS, NATURE’S
ANSWER, NutraMarks, Inc.
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