The new report by Expert Market Research titled, 'Global Mulberry Leaf Extract Market Report and Forecast 2021-2026', gives an in-depth analysis of the global mulberry leaf extract market, assessing the market based on its segments like nature, form, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 32.7 Billion
- Forecast CAGR (2021-2026): 13%
- Forecast Market Size (2026): USD 68 Billion
The growth of global mulberry leaf extract market is driven by the rising demand for plant extract market. The increasing demand for herbal products and dietary supplements from nutraceutical market is expected to propel the growth. Moreover, the growing prevalence of cardiac disorders and diabetes will propel the demand for mulberry leaf extract owing to its various health benefits. Additionally, the factors such as rising disposable income, increasing health awareness, demand from cosmetic industry for utilisation in skin lightening products, and expanding nutraceutical market are expected to further push the growth of global mulberry leaf extract market in the forecast period.
Industry Definition and Major Segments
Mulberry leaf extract if obtained by the leaves of a deciduous species of family Moraceae. The extract is rich in various vitamins and minerals such as calcium, vitamin K, riboflavin, iron, vitamin C, and potassium. It is known to have health benefits such as boosting immune system, weight loss, improving cardiac health, and lowering blood sugar.
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The market is bifurcated based on nature into:
Mulberry leaf extract can be classified based on form as:
Mulberry leaf extract can be divided into the following in terms of its application:
- Food and Beverage
- Dietary Supplements
The regional markets for mulberry leaf extract include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Regionally, the Asia Pacific is expected to be the largest shareholder in the global mulberry leaf extract market. This can be attributed to the presence of large concentration of mulberry trees in countries such as China, Japan, and Korea. Moreover, the increasing utilisation of extract in cosmetic products for Japanese and Korean market will further aid the growth. Meanwhile, Europe and North America are expected to be the second largest region owing to factors such as high disposable income, the presence of mulberries tree and demand from nutraceutical sector in the forecast period.
Key Market Players
The major players in the market are Swanson Health Products, Nutra Business LLC, Xi'an Greena Biotech Co., Ltd., ET Chem, Xian Yuensun Biological Technology Co., Ltd, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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