Vitex
agnus castus, more commonly known as the casteberry has proven to be
of vital importance to women’s health. This plant is native to
Mediterranean and Central Asia and has been used by the ancient
Greeks in traditional medicines for treatment of premenstrual
syndrome (PMS), menstrual cycle irregularities and premenstrual
dysphoric disorder (PMDD). Furthermore the vitex agnus castus extract
is used in combination with other ingredients to maximize these
therapeutic benefits.
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The
astringent property of vitex agnus castus extract has led to the
introduction of creams for reducing oil in skin. This is gaining
attraction of manufacturers to produce more natural plant extract
based cosmetics. The combined effect of these uses are expected to
lead the global vitex agnus castus extract market during the forecast
period.
Vitex
Agnus Castus Extract Market Segmentation
Vitex
agnus castus extract market is segmented on the basis of nature of
product, form, application and by regions. On the basis of nature of
product, this extract is segmented on the basis of organic extract
and conventional extract. With the less use of harmful chemicals in
preparation of organic vitex extract and thus attracting the health
conscious consumer, it is expected to gain a high market value share
during the forecast period.
The
segmentation on the basis of form includes powder and liquid, among
these the powder form is expected to maintain a steady growth rate
and yield a larger portion in terms of volume attributed to the
diversity in use and ease of handling.
On
the basis of application, vitex agnus castus extract is segmented
into two main segments as herbal supplements and cosmetics. The
herbal supplements are further sub-segmented into tablets, capsules
and tinctures. The cosmetics comprising of natural ingredients have
attracted a significant demand and is expected to continue to grow
backed up the consumer’s indulgence.
Middle
East and European regions are the major exporters of vitex agnus
castus and the prime regions associated with the vitex agnus castus
extract market includes; North America, Latin America, Europe and
Japan. The high use of herbal extracts in countries such as Germany,
U.K., France and other European countries is expected to support
market growth in the region. The high acceptance of natural food and
products containing natural ingredient in North America and Japan are
expected to fuel the market growth of vitex agnus castus extract.
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Vitex
Agnus Castus Extract Global Market Trends and Market Drivers:
Rising
awareness among consumers regarding the health benefits of herbal
supplements has led to increasing demand in natural products.
Moreover increasing number of litigations on certain pharmaceutical
drugs has rendered people questioning the safety and efficacy of the
pharmaceutical drugs and hence there is a significant shift in use of
pharmaceuticals. Consumers are now moving towards a safe alternate
which are the herbal medicines.
For
the female health and safety concerns the vitex agnus castus extract
provides a great alternative to pharmaceutical medicine and is thus
expected to fuel the market growth during the forecast period. The
vitex agnus castus extract also finds its use in cosmetics, the
astringent effect of this extract is slowly gaining popularity as in
herbal cosmetic. The blending ability of this extract with other
active ingredients is creating new opportunities for new product
development is further expected to increase the market growth.
Vitex
Agnus Castus Extract Market Key Players:
Some
of the key players participating in the global vitex agnus castus
extract market are; Naturex S/A, Nutra Green Biotechnology Co., Ltd.,
Martin Bauer GmbH & Co. KG, Productos Quimicos Gonmisol SA, The
Green Labs LLC among others.
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