The global Elecampane Root market is expected to reach a market valuation of US$ 851 million by 2023, recording a CAGR of 5.4% from 2023 to 2033.
The herb known as elecampane, which is indigenous to parts of Europe and Asia, is used to make elecampane root. In various regions of North America today, it is also grown. The elecampane root is employed in medicine. It is mostly used to treat lung conditions like asthma, bronchitis, whooping cough, and many more. The elecampane root has extensive therapeutic capabilities that have been demonstrated in several trials, but the medical board has not yet approved its usage. As a result, elecampane root is sold without a prescription over the counter.
| Attributes | Details |
|---|---|
| Elecampane Root Market Size (2023E) | US$ 851 million |
| Elecampane Root Market Projected Size (2033F) | US$ 1,440 million |
| Value CAGR (2023 to 2033) | 5.4% |
| Top 3 Countries Marketing Share | 61.7% |
Elecampane root is commonly sold in dried form, either as a whole root or as a powder. It is also offered as a variety of dietary supplements, including pills and tinctures. Elecampane root can range in price depending on the form and the store where it is bought, but it is generally thought to be inexpensive.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 5.2% |
| Jul-Dec (H2), 2021 (A) | 5.1% |
| Jan-Jun (H1), 2022 Projected (P) | 5.0% |
| Jan-Jun (H1), 2022 Outlook (O) | 4.9% |
| Jul-Dec (H2), 2022 Projected (P) | 5.4% |
| Jul-Dec (H2), 2022 Outlook (O) | 5.5% |
| Jan-Jun (H1), 2023 Projected (P) | 5.3% |
Elecampane root's market has been slowly expanding recently due to the rise in popularity of herbal and natural medicines. As more people turn to natural remedies in place of conventional care, this trend is probably going to continue. The market for elecampane root is anticipated to keep expanding in the future due to rising consumer awareness of its health advantages. Also, the rising desire for natural and organic products is projected to promote the expansion of the market for elecampane root and other traditional medicinal herbs.
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Although though it has been used for the same purpose since very early times, the medicinal benefits of the elecampane root have just recently come to light. Elecampane root is being used in a wider range of products, and more study is being done to learn more about its qualities. The elecampane root is not widely cultivated. In order to meet the increasing demand, people in North America have begun growing elecampane root naturally on farms. But after the medical board approves of the elecampane root, the desires for it will expand considerably.
The sales of elecampane root in North America have been expanding significantly in recent years, as more individuals become interested in alternative solutions for various health conditions. Elecampane root is a popular choice for individuals looking for natural cures because it has a long history of use for digestive and respiratory problems, both of which are common in North America. Elecampane root is offered in a variety of ways in North America, including as a dried root, tea, tincture, and supplement. It can be purchased online, at natural food stores, health food stores, and herbal shops.
The increased demand for elecampane root in Asia Pacific can be linked to numerous factors. For ages, especially in China, India and Japan, elecampane root has been utilized as a traditional medicine in Asia. Its usage in conventional medicine has boosted its appeal in the area. Growing knowledge of the potential health advantages of natural and herbal therapies has sparked an increase in interest in these treatments throughout Asia and the Pacific in recent years. The demand for elecampane root and other conventional medicinal herbs has increased as a result of this tendency.
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The dried root is the most popular product form, although users who prefer a more practical and ingestible choice also favor tea and tincture. Due to the rising need for nutritional supplements and natural cures, the supplement form is becoming more and more popular.
The most prevalent product form is dried root, however tincture and tea are also popular with consumers who want a more useable and ingestible option. The supplement form is expanding in acceptance as demand for dietary supplements and natural remedies rises. Pharmaceutical is the industry who is using the Elecampane Root.
Elecampane root has been noted for its harsh taste and a pungent flavor. The chefs have been inspired to explore by its mild scent. The elecampane root has begun to be used in food items by chefs in the food service industry. Numerous chefs notably in the North America are coming up with recipes that has elecampane root in it. The advantages that the elecampane root offer is widely known. Yet, because of how bitter they taste, they are typically not drunk every day. So, chefs have come up with this notion. Moreover, elecampane root is now being grown on a farm in Pennsylvania and sold as candied elecampane root, elecampane root elixir, and other products.
The Elecampane Root market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Nature, Form, End Use, Distribution Channel, Region |
| Key Companies Profiled | Mountain Rose Inc.; Napiers Herbals Ltd.; Monterey Bay Spice Company; Starwest Botanicals Inc.; Organic Herb Trading Co.; Furnace Creek Farm |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Elecampane Root Market is valued at US$ 851 million for 2023.
The Elecampane Root Market valuation is expected to be US$ 1,440 million in the year 2023.
The value of CAGR for the Elecampane Root Market is estimated to be 5.4%.
The Foodservice Industry would garner a significant market value share by 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Nature 6.2. Form 6.3. End Use 6.4. Distribution Channel 7. Global Market Analysis and Forecast, By Nature 7.1. Organic 7.2. Conventional 8. Global Market Analysis and Forecast, By Form 8.1. Cut-Form 8.2. Powdered 8.3. Liquid 9. Global Market Analysis and Forecast, By End Use 9.1. Beverages 9.2. Non-Alcoholic 9.3. Alcoholic 9.4. Foodservice/ HoReCa (Hotels, Restaurants, Cafes) 9.5. Pharmaceuticals 9.6. Nutraceuticals 9.7. Animal Supplement 9.8. Personal Care & Cosmetics 9.9. Household/Retail 10. Global Market Analysis and Forecast, By Distribution Channel 10.1. B2B/ Direct 10.2. B2C/ Indirect 10.3. Supermarket/ Hypermarket 10.4. Specialty Stores 10.5. Drug Stores 10.6. Online Retailers 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Nature, Form, End Use, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Mountain Rose Inc. 21.2. Napiers Herbals Ltd. 21.3. Monterey Bay Spice Company 21.4. Starwest Botanicals Inc. 21.5. Organic Herb Trading Co. 21.6. Furnace Creek Farm
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Elecampane Root Market
