Kalmegh
is an herbaceous plant in the family of Acanthaceae which is a native
plant respectively to India and Sri Lanka. Kalmegh is widely
cultivated in Southeastern Asian countries, where its extracts is
widely used for treating various infections and diseases. Mostly the
kalmegh extracts are extracted from the kalmegh plant’s roots and
leaves which are widely used for medicinal purposes. Kalmegh extract
is the collection of essential crude mixtures from extraction of
different parts of Kalmegh plant, which is extracted by using solvent
such as ethanol. Kalmegh extracts contains desirable properties which
are extracted from Kalmegh plant which is finding increasing and
extensive uses in various industries such as pharmaceuticals for
therapeutic properties and herbal medicines, cosmetics for functional
properties in skincare related products, along with food and
beverages products. Kalmegh extracts containing phytochemical
compounds such as carotenoids are primarily used for curing cough,
cold, sinusitis and others, that is fuelling the demand for global
kalmegh extract market
in near future. Kalmegh extracts can be used in the form of liquid
and powder form. Pharmaceutical industries are using kalmegh extracts
in their products due to the rising consumer demand for kalmegh
extract medicines.
Global
Kalmegh Extract: Market Segmentation
The
global kalmegh extract market is segmented on the basis of form,
application, and distribution channel and region type. Market segment
as per application, it is segmented on the basis of its form in
powder and liquid. Among these form segment liquid segment is
expected to contribute more that 50% market share and expected to
grow at higher space. Another segment is on the basis of distribution
channel which includes health stores, drug stores, online retailing
and other (direct selling) distribution channels. On the basis of
application, the market is segmented into pharmaceuticals, manures
and fertilizers, and others. On analyzing the demand of kalmegh
extracts in form of liquid, it was assessed that pharmaceutical
industry acquires majority of share in terms of volume. Primary
reason behind its increasing demand for kalmegh extracts in global
level market is due to its richness in natural quality and organic
nature. In pharmaceutical industry, kalmegh extracts powder is used
for various diseases such as dermatitis, diabetes, cold, asthma, and
for others. The global kalmegh extract market is also segmented on
the basis of form primarily into powder, liquid and others. Among
these, powder segment is expected to fuel the kalmegh extract market
over the forecast period. Hence, the global Kalmegh extract market is
expected to significantly increase the revenue contribution over the
forecast period.
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Global
Kalmegh Extract Market: Regional Outlook
Geographically,
the global kalmegh extract industry can be divided by major regions
which include North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. Globally, among all regions, Asia Pacific has
developed as the most dominant region in global Kalmegh extract
market. Increasing usage of medicines extracted from kalmegh plant
coupled with rise of kalmegh extracts in supplements has strengthened
the growth of global kalmegh extract market and hence is projected to
significantly expand the revenue contribution of the market over the
forecast period.
Global
Kalmegh Extract Market: Growth Drivers
The
global kalmegh extract market driving factors are increasing demand
for natural ingredients of kalmegh extracts in various medicines is
important driving factor. Major driver behind increasing demand of
kalmegh extracts in current market scenario is due to its medicinal
properties. Nowadays consumers are mostly influenced towards that
product which has natural quality, organic in nature and also good
for their health, due to which it has higher demand among growing
economies of world. On the other side as per the current market
trend, kalmegh extract powder is trending in market because of its
wide application in pharmaceutical products. This powder is mostly
used in formulations of capsules, tablets, and other products.
Global
Kalmegh Extract Market: Players
Some
of the key players identified across the value chain of the global
kalmegh extract market includes HERBAL WORLD, Jaishreenath Herbals,
CULTIVATOR NATURAL PRODUCTS Pvt.Ltd., Shree Botanicals, Alchem
International Pvt. Ltd. and others. The companies are expected to
expand their business by enhancing their product portfolio in global
kalmegh extract market. The companies are projected to frame certain
strategies in future in order to gain the competitive advantage in
global kalmegh extract market till 2025.
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