Asparagus Extract Market to account USD 0.58 million by 2029 growing at a CAGR of 6.7%

 The global asparagus extract market to account USD 0.58 million by 2029 growing at a CAGR of 6.7% in the forecast period of 2022 to 2029. 

Asparagus extract, commonly known as Shatavari extract, is extracted from Asparagus racemosus or Asparagus officinalis. Asparagus racemosus is employed in industries such as nutraceuticals and pharmaceuticals since Ayurveda suggests it for the treatment of dyspepsia and stomach ulcers. Asparagus extract is made from the plant’s spears, root, and stem. Powder, pill, and liquid asparagus extract are all available. Copper, selenium, natural folate, vitamin K, B1, B2, C, and E are all abundant in asparagus extract.

The rise in consumer health awareness has resulted in a shift in the global market, as customers are increasingly looking for organic, easy to eat, and beneficial to their health. Asparagus extract is aligned with all of the trends and possesses antioxidant, antidepressant, and cholesterol-lowering properties, which is predicted to propel the asparagus extract market forward.

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Global Asparagus Extract Market Scope and Market Size

The asparagus extract market is segmented on the basis of product and end user industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of product, the asparagus extract market is segmented into liquid, and powder.
• On the basis of end user industry, the global asparagus extract market is segmented into food and beverage industry, cosmetics and personal care industry, and pharmaceuticals industry.

North America dominates the asparagus extract market due to the high degree of awareness among consumers regarding health benefits of asparagus resulting in high consumption. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2022 to 2029 because of the consumption of asparagus in some parts of the region due to awareness of its health benefits.

The country section of the asparagus extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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The major players operating in the asparagus extract market report are:

Chi’s Enterprise, Inc., SA Herbal Bioactives LLP, SV Agrofood, Herbo Nutra, Sava Healthcare Limited, Xi’an Tianrui Biotech Co., Ltd, Maypro Industries, Inc., Shreedha Phyto Extracts, Navchetana Kendra, and Allpure Organics, among others. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.