Home > Food & Beverages > Nutraceuticals > Protein Supplements > Adaptogens Market
Adaptogens Market size was valued at over USD 10 billion in 2022 and is projected to depict a CAGR of more than 6.5% through the forecast years 2023-2032. Rising health consciousness will propel the demand for natural dietary supplements in Asia Pacific adaptogens industry.
The health and dietary supplements industry has recorded considerable expansion through the past three years of COVID -19, as people are making efforts for maintaining good health. These efforts include increasing physical fitness activities, inclusion of healthy diets, and consuming health supplements. With health and wellness being a key priority for consumers, adaptogen sales will continue to escalate in the forecast period.
Swanson Health Products, for example, offers dietary supplements integrated with adaptogenic extracts like ashwagandha, ginseng, reishi mushroom, rhodiola rosea, schizandra, under the brand name Adaptogenic Herbal Complex, as a response to daily stress along with supporting functioning of nervous and immune system.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Adaptogens Market Size in 2022: | USD 10 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.8% |
2032 Value Projection: | USD 19 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 270 |
Tables, Charts & Figures: | 323 |
Segments covered: | Source, End-use, Application, Distribution Channel and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The addition of adaptogens to daily life products is fairly recent, and thus its uses and benefits are not very popular in the market. Ongoing extensive research is bringing out more product advantages, but the regulations around apoptogenic use in products are not imposed in high scale yet. Thus, less awareness regarding the benefits and application of the product may make people skeptical about their usage, thereby hindering the business demand.