PUBLISHER: KBV Research | PRODUCT CODE: 1461721
PUBLISHER: KBV Research | PRODUCT CODE: 1461721
North America Ashwagandha Extract Market Size, Share & Trends Analysis Report By Distribution Channel, By Form, By Application, By Country and Growth Forecast, 2023 - 2030
The North America Ashwagandha Extract Market would witness market growth of 10.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 11,299.63 thousand units, showcasing a growth of 10.7% (2019-2022).
In the market, the utilization of Ashwagandha in dietary supplements has surged, driven by its reputation as a potent adaptogen with numerous health benefits. As consumers increasingly prioritize holistic approaches to wellness, dietary supplement manufacturers are incorporating Ashwagandha extract into their formulations to offer products aimed at supporting stress reduction, cognitive function, and overall vitality. Therefore, the US market consumed 4,605.53 thousand units in dietary supplements in 2022.
The US market dominated the North America Ashwagandha Extract Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $381.7 Million by 2030. The Canada market is experiencing a CAGR of 12.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2023 - 2030).
Ayurvedic medicine frequently employs Withania somnifera, known as ashwagandha, as a plant. It's a little shrub that belongs to the Solanaceae family. It may be effective for a range of illnesses mostly as a nervine tonic (nerve soothing). Ashwagandha is alternatively referred to as Indian ginseng or Indian winter cherry. Ashwagandha is well-known for its rasayana (tonic) virtue. Rasayana, an herbal or metallic concoction, fosters happiness and a youthful physical and mental health state.
With a growing preference for natural and holistic healthcare solutions, consumers are turning to herbs like ashwagandha for their therapeutic benefits. Unlike synthetic pharmaceuticals, extract is perceived as safer with fewer side effects, driving its adoption among health-conscious individuals. Modern lifestyles characterized by stress, anxiety, and mental health disorders have fueled the demand for stress relief and mood-enhancing supplements. Ashwagandha's adaptogenic properties make it an ideal candidate for addressing these concerns, leading to its widespread adoption as a natural stress reliever.
Mexican consumers are becoming more health-conscious and are actively seeking natural remedies and supplements to support their overall well-being. E-commerce platforms offer convenience and accessibility, allowing consumers in Mexico to browse, purchase, and receive the extract products from the comfort of their homes. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Hence, the factors mentioned above will drive the regional market growth.
Based on the Distribution Channel, the market is segmented into Business to Consumer, and Business to Business. Based on Form, the market is segmented into Capsules/Tablets, Powder, and Others. Based on Application, the market is segmented into Dietary Supplements, Sports Nutrition, Food & Beverages, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Kerry Group PLC
- Dabur India Ltd.
- Emami Limited
- The Procter and Gamble Company
- Patanjali Ayurved Limited
- Himalaya Wellness Company (Himalaya Global Holdings Ltd.)
- Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- Unilever PLC
- Taos Herb Company
- Kairali Ayurvedic Group
North America Ashwagandha Extract Market Report Segmentation
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
- Business to Consumer
- Business to Business
By Form (Volume, Thousand Units, USD Billion, 2019-2030)
- Capsules/Tablets
- Powder
- Others
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
- Dietary Supplements
- Sports Nutrition
- Food & Beverages
- Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Ashwagandha Extract Market, by Distribution Channel
- 1.4.2North America Ashwagandha Extract Market, by Form
- 1.4.3North America Ashwagandha Extract Market, by Application
- 1.4.4North America Ashwagandha Extract Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America Ashwagandha Extract Market by Distribution Channel
- 4.1North America Business to Consumer Market by Country
- 4.2North America Business to Business Market by Country
Chapter 5.North America Ashwagandha Extract Market by Form
- 5.1North America Capsules/Tablets Market by Country
- 5.2North America Powder Market by Country
- 5.3North America Others Market by Country
Chapter 6.North America Ashwagandha Extract Market by Application
- 6.1North America Dietary Supplements Market by Country
- 6.2North America Sports Nutrition Market by Country
- 6.3North America Food & Beverages Market by Country
- 6.4North America Others Market by Country
Chapter 7.North America Ashwagandha Extract Market by Country
- 7.1US Ashwagandha Extract Market
- 7.1.1US Ashwagandha Extract Market by Distribution Channel
- 7.1.2US Ashwagandha Extract Market by Form
- 7.1.3US Ashwagandha Extract Market by Application
- 7.2Canada Ashwagandha Extract Market
- 7.2.1Canada Ashwagandha Extract Market by Distribution Channel
- 7.2.2Canada Ashwagandha Extract Market by Form
- 7.2.3Canada Ashwagandha Extract Market by Application
- 7.3Mexico Ashwagandha Extract Market
- 7.3.1Mexico Ashwagandha Extract Market by Distribution Channel
- 7.3.2Mexico Ashwagandha Extract Market by Form
- 7.3.3Mexico Ashwagandha Extract Market by Application
- 7.4Rest of North America Ashwagandha Extract Market
- 7.4.1Rest of North America Ashwagandha Extract Market by Distribution Channel
- 7.4.2Rest of North America Ashwagandha Extract Market by Form
- 7.4.3Rest of North America Ashwagandha Extract Market by Application
Chapter 8.Company Profiles
- 8.1Kerry Group PLC
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expenses
- 8.1.5Recent strategies and developments:
- 8.1.5.1Acquisition and Mergers:
- 8.1.6SWOT Analysis
- 8.2Dabur India Ltd.
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expense
- 8.2.5SWOT Analysis
- 8.3Emami Limited
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental Analysis
- 8.3.4SWOT Analysis
- 8.4The Procter and Gamble Company
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5Recent strategies and developments:
- 8.4.5.1Geographical Expansions:
- 8.4.6SWOT Analysis
- 8.5Patanjali Ayurved Limited
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
- 8.6Himalaya Wellness Company (Himalaya Global Holdings Ltd.)
- 8.6.1Company Overview
- 8.6.2Recent strategies and developments:
- 8.6.2.1Product Launches and Product Expansions:
- 8.6.3SWOT Analysis
- 8.7Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
- 8.8Unilever PLC
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expense
- 8.8.5Recent strategies and developments:
- 8.8.5.1Acquisition and Mergers:
- 8.8.6SWOT Analysis
- 8.9Taos Herb Company
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.Kairali Ayurvedic Group
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1North America Ashwagandha Extract Market, 2019 - 2022, USD Million
- TABLE 2North America Ashwagandha Extract Market, 2023 - 2030, USD Million
- TABLE 3North America Ashwagandha Extract Market, 2019 - 2022, Thousand Units
- TABLE 4North America Ashwagandha Extract Market, 2023 - 2030, Thousand Units
- TABLE 5North America Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 6North America Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 7North America Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, Thousand Units
- TABLE 8North America Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, Thousand Units
- TABLE 9North America Business to Consumer Market by Country, 2019 - 2022, USD Million
- TABLE 10North America Business to Consumer Market by Country, 2023 - 2030, USD Million
- TABLE 11North America Business to Consumer Market by Country, 2019 - 2022, Thousand Units
- TABLE 12North America Business to Consumer Market by Country, 2023 - 2030, Thousand Units
- TABLE 13North America Business to Business Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Business to Business Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Business to Business Market by Country, 2019 - 2022, Thousand Units
- TABLE 16North America Business to Business Market by Country, 2023 - 2030, Thousand Units
- TABLE 17North America Ashwagandha Extract Market by Form, 2019 - 2022, USD Million
- TABLE 18North America Ashwagandha Extract Market by Form, 2023 - 2030, USD Million
- TABLE 19North America Ashwagandha Extract Market by Form, 2019 - 2022, Thousand Units
- TABLE 20North America Ashwagandha Extract Market by Form, 2023 - 2030, Thousand Units
- TABLE 21North America Capsules/Tablets Market by Country, 2019 - 2022, USD Million
- TABLE 22North America Capsules/Tablets Market by Country, 2023 - 2030, USD Million
- TABLE 23North America Capsules/Tablets (Per 60 Tablets) Market by Country, 2019 - 2022, Thousand Units
- TABLE 24North America Capsules/Tablets (Per 60 Tablets) Market by Country, 2023 - 2030, Thousand Units
- TABLE 25North America Powder Market by Country, 2019 - 2022, USD Million
- TABLE 26North America Powder Market by Country, 2023 - 2030, USD Million
- TABLE 27North America Powder (Pack of 1 KG) Market by Country, 2019 - 2022, Thousand Units
- TABLE 28North America Powder (Pack of 1 KG) Market by Country, 2023 - 2030, Thousand Units
- TABLE 29North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 30North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 31North America Others (Pack of 1 KG) Market by Country, 2019 - 2022, Thousand Units
- TABLE 32North America Others (Pack of 1 KG) Market by Country, 2023 - 2030, Thousand Units
- TABLE 33North America Ashwagandha Extract Market by Application, 2019 - 2022, USD Million
- TABLE 34North America Ashwagandha Extract Market by Application, 2023 - 2030, USD Million
- TABLE 35North America Ashwagandha Extract Market by Application, 2019 - 2022, Thousand Units
- TABLE 36North America Ashwagandha Extract Market by Application, 2023 - 2030, Thousand Units
- TABLE 37North America Dietary Supplements Market by Country, 2019 - 2022, USD Million
- TABLE 38North America Dietary Supplements Market by Country, 2023 - 2030, USD Million
- TABLE 39North America Dietary Supplements Market by Country, 2019 - 2022, Thousand Units
- TABLE 40North America Dietary Supplements Market by Country, 2023 - 2030, Thousand Units
- TABLE 41North America Sports Nutrition Market by Country, 2019 - 2022, USD Million
- TABLE 42North America Sports Nutrition Market by Country, 2023 - 2030, USD Million
- TABLE 43North America Sports Nutrition Market by Country, 2019 - 2022, Thousand Units
- TABLE 44North America Sports Nutrition Market by Country, 2023 - 2030, Thousand Units
- TABLE 45North America Food & Beverages Market by Country, 2019 - 2022, USD Million
- TABLE 46North America Food & Beverages Market by Country, 2023 - 2030, USD Million
- TABLE 47North America Food & Beverages Market by Country, 2019 - 2022, Thousand Units
- TABLE 48North America Food & Beverages Market by Country, 2023 - 2030, Thousand Units
- TABLE 49North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 50North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 51North America Others Market by Country, 2019 - 2022, Thousand Units
- TABLE 52North America Others Market by Country, 2023 - 2030, Thousand Units
- TABLE 53North America Ashwagandha Extract Market by Country, 2019 - 2022, USD Million
- TABLE 54North America Ashwagandha Extract Market by Country, 2023 - 2030, USD Million
- TABLE 55North America Ashwagandha Extract Market by Country, 2019 - 2022, Thousand Units
- TABLE 56North America Ashwagandha Extract Market by Country, 2023 - 2030, Thousand Units
- TABLE 57US Ashwagandha Extract Market, 2019 - 2022, USD Million
- TABLE 58US Ashwagandha Extract Market, 2023 - 2030, USD Million
- TABLE 59US Ashwagandha Extract Market, 2019 - 2022, Thousand Units
- TABLE 60US Ashwagandha Extract Market, 2023 - 2030, Thousand Units
- TABLE 61US Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 62US Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 63US Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, Thousand Units
- TABLE 64US Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, Thousand Units
- TABLE 65US Ashwagandha Extract Market by Form, 2019 - 2022, USD Million
- TABLE 66US Ashwagandha Extract Market by Form, 2023 - 2030, USD Million
- TABLE 67US Ashwagandha Extract Market by Form, 2019 - 2022, Thousand Units
- TABLE 68US Ashwagandha Extract Market by Form, 2023 - 2030, Thousand Units
- TABLE 69US Ashwagandha Extract Market by Application, 2019 - 2022, USD Million
- TABLE 70US Ashwagandha Extract Market by Application, 2023 - 2030, USD Million
- TABLE 71US Ashwagandha Extract Market by Application, 2019 - 2022, Thousand Units
- TABLE 72US Ashwagandha Extract Market by Application, 2023 - 2030, Thousand Units
- TABLE 73Canada Ashwagandha Extract Market, 2019 - 2022, USD Million
- TABLE 74Canada Ashwagandha Extract Market, 2023 - 2030, USD Million
- TABLE 75Canada Ashwagandha Extract Market, 2019 - 2022, Thousand Units
- TABLE 76Canada Ashwagandha Extract Market, 2023 - 2030, Thousand Units
- TABLE 77Canada Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 78Canada Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 79Canada Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, Thousand Units
- TABLE 80Canada Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, Thousand Units
- TABLE 81Canada Ashwagandha Extract Market by Form, 2019 - 2022, USD Million
- TABLE 82Canada Ashwagandha Extract Market by Form, 2023 - 2030, USD Million
- TABLE 83Canada Ashwagandha Extract Market by Form, 2019 - 2022, Thousand Units
- TABLE 84Canada Ashwagandha Extract Market by Form, 2023 - 2030, Thousand Units
- TABLE 85Canada Ashwagandha Extract Market by Application, 2019 - 2022, USD Million
- TABLE 86Canada Ashwagandha Extract Market by Application, 2023 - 2030, USD Million
- TABLE 87Canada Ashwagandha Extract Market by Application, 2019 - 2022, Thousand Units
- TABLE 88Canada Ashwagandha Extract Market by Application, 2023 - 2030, Thousand Units
- TABLE 89Mexico Ashwagandha Extract Market, 2019 - 2022, USD Million
- TABLE 90Mexico Ashwagandha Extract Market, 2023 - 2030, USD Million
- TABLE 91Mexico Ashwagandha Extract Market, 2019 - 2022, Thousand Units
- TABLE 92Mexico Ashwagandha Extract Market, 2023 - 2030, Thousand Units
- TABLE 93Mexico Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 94Mexico Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 95Mexico Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, Thousand Units
- TABLE 96Mexico Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, Thousand Units
- TABLE 97Mexico Ashwagandha Extract Market by Form, 2019 - 2022, USD Million
- TABLE 98Mexico Ashwagandha Extract Market by Form, 2023 - 2030, USD Million
- TABLE 99Mexico Ashwagandha Extract Market by Form, 2019 - 2022, Thousand Units
- TABLE 100Mexico Ashwagandha Extract Market by Form, 2023 - 2030, Thousand Units
- TABLE 101Mexico Ashwagandha Extract Market by Application, 2019 - 2022, USD Million
- TABLE 102Mexico Ashwagandha Extract Market by Application, 2023 - 2030, USD Million
- TABLE 103Mexico Ashwagandha Extract Market by Application, 2019 - 2022, Thousand Units
- TABLE 104Mexico Ashwagandha Extract Market by Application, 2023 - 2030, Thousand Units
- TABLE 105Rest of North America Ashwagandha Extract Market, 2019 - 2022, USD Million
- TABLE 106Rest of North America Ashwagandha Extract Market, 2023 - 2030, USD Million
- TABLE 107Rest of North America Ashwagandha Extract Market, 2019 - 2022, Thousand Units
- TABLE 108Rest of North America Ashwagandha Extract Market, 2023 - 2030, Thousand Units
- TABLE 109Rest of North America Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 110Rest of North America Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 111Rest of North America Ashwagandha Extract Market by Distribution Channel, 2019 - 2022, Thousand Units
- TABLE 112Rest of North America Ashwagandha Extract Market by Distribution Channel, 2023 - 2030, Thousand Units
- TABLE 113Rest of North America Ashwagandha Extract Market by Form, 2019 - 2022, USD Million
- TABLE 114Rest of North America Ashwagandha Extract Market by Form, 2023 - 2030, USD Million
- TABLE 115Rest of North America Ashwagandha Extract Market by Form, 2019 - 2022, Thousand Units
- TABLE 116Rest of North America Ashwagandha Extract Market by Form, 2023 - 2030, Thousand Units
- TABLE 117Rest of North America Ashwagandha Extract Market by Application, 2019 - 2022, USD Million
- TABLE 118Rest of North America Ashwagandha Extract Market by Application, 2023 - 2030, USD Million
- TABLE 119Rest of North America Ashwagandha Extract Market by Application, 2019 - 2022, Thousand Units
- TABLE 120Rest of North America Ashwagandha Extract Market by Application, 2023 - 2030, Thousand Units
- TABLE 121Key Information - Kerry Group PLC
- TABLE 122key Information - Dabur India Ltd.
- TABLE 123Key Information - Emami Limited
- TABLE 124Key Information - The Procter and Gamble Company
- TABLE 125Key Information - Patanjali Ayurved Limited
- TABLE 126Key Information - Himalaya Wellness Company
- TABLE 127Key Information - Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- TABLE 128Key Information - Unilever PLC
- TABLE 129Key Information - Taos Herb Company
- TABLE 130Key Information - Kairali Ayurvedic Group
