Global Kratom Market Research Report Information by Product Type, by Form, by End User, by Distribution Channel, and By Region Forecast Till 2032

Description

List of Tables

Global Kratom Market Research Report Information by Product Type (Powdered Kratom, Kratom Extracts, Kratom Capsules & Tablets and Kratom Tinctures), by Form (Processed and Raw Leaves), by End User (Pain Management, Mood Enhancement, Energy & Focus and Relaxation & Anxiety Relief), by Distribution Channel (store-based and non-store based), and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Forecast Till 2032

Overview of the Market

In 2023, the market for Kratom was estimated to be worth USD 5.62 billion.

With a compound annual growth rate (CAGR) of 12.26% from 2023 to 2032, the Kratom market industry is expected to reach USD 15.92 billion by that time.

The opioid crisis, increased awareness of kratom and its potential advantages, and the development of practical and user-friendly applications are the main causes of the steady demand for kratom.

Several significant trends have emerged in the Kratom market in recent years, reflecting the evolving nature of this herbal supplement made from Mitragyna leaves. These developments are changing the market and influencing companies and consumers worldwide. The increase in customer awareness is the most prominent trend related to the Kratom market. An increasing number of people are looking for natural and comprehensive answers to health issues because of the growing popularity of kratom as an alternative treatment for pain management, stress reduction, and mood enhancement. But there are also several regulatory issues that have arisen because of this growing demand. Safety and quality assurance issues have also gained attention.

Perspectives on Market Segments

The kratom market has been divided into four segments based on the kind of product: powdered kratom, kratom extracts, kratom capsules and tablets, and kratom tinctures.

The market has been divided into two segments based on the form: Processed Leaves and Raw Leaves.

The market has been divided into four segments based on end-use: Pain Management, Mood Enhancement, Energy & Focus, and Relaxation & Anxiety Relief.

The kratom market has been divided into store-based and non-store-based segments based on the distribution channel.

Regional Perspectives

The market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa by region, according to the study. With a market share of 41.28% in 2023, the North American Kratom market is projected to grow at a compound annual growth rate (CAGR) of 13.08%. Changes in regulations are having an impact on the North American Kratom market. Due to increased scrutiny and disparate regulatory actions taken by various states and municipal governments, suppliers and retailers of Kratom are placing an increasing amount of attention on following the law. Businesses that exhibit a dedication to quality control procedures, such carrying out exhaustive product testing and applying precise labelling, are more likely to win over customers and maintain a competitive edge in the ever-changing regulatory landscape. One significant development is the variety of Kratom products available in North America. A variety of strains and vein colors are offered to consumers, each of which is claimed to have unique properties. To appeal to a wider range of clients with different tastes, vendors are also increasingly offering Kratom products in a number of formats, including powders, capsules, tinctures, and extracts.

Key Players

Phytoextractum Plants and Extracts (US), Herbal RVA (US), Happy Hippo LLC (US), PurKratom (US), Kats Botanicals (US), Kratom Spot (US), Mitragaia (US), Kraken Kratom (US), and Super Speciosa (US) are important companies in the Kratom business.

Product Code: MRFR/F-B & N/38462-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.1 DATA FLOW
- 3.1.1 Data Mining Process
3.2 PURCHASED DATABASE:
3.3 SECONDARY SOURCES:
- 3.3.1 Secondary Research data flow:
3.4 PRIMARY RESEARCH:
- 3.4.1 Primary Research DATA FLOW:
- 3.4.2 Primary Research: Number of Interviews conducted
- 3.4.3 Primary Research: Regional Coverage
3.5 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.5.1 Consumption & Net Trade Approach
- 3.5.2 Revenue Analysis Approach
3.6 DATA FORECASTING
- 3.6.1 Data forecasting Technique
3.7 DATA MODELING
- 3.7.1 microeconomic factor analysis:
- 3.7.2 Data modeling:
3.8 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 Growing Awareness of Kratom and its Potential Benefits
- 4.2.2 The Opioid Crisis
- 4.2.3 Expansion of Convenient and User-Friendly Applications
4.3 RESTRAINTS
- 4.3.1 Lack of Regulation
- 4.3.2 Safety concerns associated with kratom
4.4 OPPORTUNITY
- 4.4.1 The Rise of Holistic Health
- 4.4.2 Increasing R&D
4.5 CHALLENGES
- 4.5.1 Negative Media Coverage
4.6 STRATEGIC INSIGHTS
- 4.6.1 technology update
- 4.6.2 Regional Markets to Lookout For
4.7 REGULATORY UPDATE
4.8 MARKET TRENDS
4.9 IMPACT ANALYSIS OF COVID-19
- 4.9.1 Impact 0n Overall Herbal Nutrition Industry
  - 4.9.1.1 Economic Impact
- 4.9.2 Impact on Global Kratom Market
- 4.9.3 Impact on the Supply Chain of KRATOM
- 4.9.4 Impact on Market Demand of Kratom
  - 4.9.4.1 Impact Owing to Restrictions/Lockdown
  - 4.9.4.2 Consumer Sentiments
- 4.9.5 Impact on Pricing of Kratom

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 Raw Materials
- 5.1.2 Manufacturing / Production/ Processing
- 5.1.3 Packing
- 5.1.4 distribution
- 5.1.5 end-user
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 Participants (At different Nodes)
  - 5.2.1.1 Raw Material Suppliers
  - 5.2.1.2 Manufacturers
  - 5.2.1.3 Distribution Channel
- 5.2.2 integration levels
- 5.2.3 Key Issues Addressed (Key Success Factors)
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 Threat of New Entrants
- 5.3.2 Bargaining Power of Suppliers
- 5.3.3 Threat of Substitutes
- 5.3.4 Bargaining Power of Buyers
- 5.3.5 Intensity of Rivalry

6 GLOBAL KRATOM MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
6.2 POWDERED KRATOM
6.3 KRATOM EXTRACTS
6.4 KRATOM CAPSULES AND TABLETS
6.5 KRATOM TINCTURES

7 GLOBAL KRATOM MARKET, BY FORM

7.1 INTRODUCTION
7.2 PROCESSED
7.3 RAW LEAVES

8 GLOBAL KRATOM MARKET, BY END-USE

8.1 INTRODUCTION
8.2 PAIN MANAGEMENT
8.3 MOOD ENHANCEMENT
8.4 ENERGY & FOCUS
8.5 RELAXATION & ANXIETY RELIEF

9 GLOBAL KRATOM MARKET, BY DISTRIBUTION CHANNEL

9.1 INTRODUCTION
9.2 STORE-BASED
9.3 NON-STORE-BASED

10 GLOBAL KRATOM MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 France
- 10.3.3 benelux
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 rest of Europe
10.4 ASIA PACIFIC
- 10.4.1 China
- 10.4.2 Thailand
- 10.4.3 India
- 10.4.4 Indonesia
- 10.4.5 rest of Asia Pacific
10.5 SOUTH AMERICA
- 10.5.1 Brazil
- 10.5.2 Colombia
- 10.5.3 rest of South America
10.6 MIDDLE EAST & AFRICA
- 10.6.1 GCC Countries
- 10.6.2 Turkey
- 10.6.3 Northern africa
- 10.6.4 Southern africa

11 GLOBAL KRATOM MARKET, COMPETITIVE LANSCAPE

11.1 INTRODUCTION
11.2 MARKET SHARE ANALYSIS, 2022
11.3 COMPETITOR DASHBOARD
11.4 WHO ARE THE MARKET DISRUPTORS AND INNOVATORS?
11.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
11.6 THE LEADING PLAYER IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL

KRATOM MARKET? 140

11.7 LIST OF KEY PLAYERS IN THE GLOBAL MARKET?
11.8 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
11.9 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.9.1 Product launch
- 11.9.2 social media campaign

12 COMPANY PROFILES

12.1 KRAKEN KRATOM
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCT S OFFERed
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 Key Strategy
12.2 HAPPY HIPPO LLC
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCT S OFFERed
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 Key Strategy
12.3 PURKRATOM
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCT S OFFERed
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 Key Strategy
12.4 KATS BOTANICALS
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCT S OFFERed
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 Key Strategy
12.5 KRATOM SPOT
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCT S OFFERed
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 Key Strategy
12.6 MITRAGAIA
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCT S OFFERed
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 Key Strategy
12.7 PHYTOEXTRACTUM PLANTS AND EXTRACTS
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCT S OFFERed
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 Key Strategy
12.8 HERBAL RVA
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCT S OFFERed
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 Key Strategy
12.9 THE GOLDEN MONK
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERed
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 Key Strategy
12.10 SUPER SPECIOSA
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERed
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 Key Strategy

13 APPENDIX

13.1 REFERENCES
13.2 RELATED REPORTS