According to research by Future Market Insights, The Horse chestnut seed extract market is anticipated to expand at a CAGR of 6.20% during the forecasted period. According to Forecasts, the market would be worth USD 33,583.7 Million by 2033, up from USD 18,402.80 Million in 2023.
| Attribute | Details |
|---|---|
| Market size value in 2023 | USD 18,402.80 Million |
| Market forecast value in 2033 | USD 33,583.7 Million |
| Forecast period | 2023 to 2033 |
| Global growth rate (CAGR) | 6.20% |
| Share of Germany in The Horse chestnut seed extract Market | 23.30% |
Horse chestnut is also not linked to chestnut at all; they are members of the Hippocastanaceae tree and shrub family. Horse chestnut, also called by its scientifically known Aesculus hippocastanum, is a big hermaphroditic flowering tree that may grow up to 40 meters in height and is often known as conker tree as well as buckeye tree.
Because of its principal active ingredient, aescin or escin, horse chestnut seed extract has frequently used to treat itching, discomfort, ulcers, and skin problems. Aescin possesses anti-inflammatory and vasoprotective properties that are supported by several research articles.
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According to Future Market Insights, the Horse chestnut seed extract market was growing at a CAGR of 4.10% to reach USD 17,678.0 million in 2022 from USD 15,053.2 million in 2018.
Individuals' frantic lifestyles throughout the world have resulted in lifestyle-related illnesses and disorders including such obesity, which is linked to a slew of other issues. Apart from heredity, obesity is a major cause of varicose veins, with over 35 million people suffering from it in the United States alone, according to the Chicago Vein Institute. As a result, there is a growing demand from customers for herbal medicines, which is expected to supplement the increase in the worldwide horse chestnut seed extract market for the forecast period.
North America is the largest producer and market leader of horse chestnut seed extract, a natural supplement used to improve circulation, reduce inflammation and strengthen veins.
Horse chestnut seed extract has been used for centuries in traditional Chinese medicine as an anti-inflammatory and circulatory aid. Today, it is widely available in North America as a dietary supplement. This can be attributed to its proven health benefits which include reducing the risk of chronic venous insufficiency, improving blood flow throughout the body and reducing swelling caused by conditions such as varicose veins.
Europe is an appealing market for Horse Chestnut seed extract due to its high demand and availability of raw materials. The European market is the largest consumer of Horse chestnut seed extract, making it a highly attractive destination for manufacturers. It is estimated that the European Union alone accounts for over 75% of total global demand for the product.
The European market has a long history with Horse chestnut seed extract and its use dates back centuries as far as ancient Greece and Rome. In addition, Europe's strong regulatory framework makes it possible for companies to ensure quality standards are met in their production processes. Furthermore, Europe has a wide range of top-tier suppliers providing raw materials at competitive prices, eliminating any potential shortages.
The horse chestnut seed extract market is on the rise, and Asia Pacific is a major force behind it. This region is becoming an attractive option for producers due to its low production costs and growing demand for the product. Horse chestnut seed extract has been used as an herbal remedy for centuries in countries such as India, China, Japan and South Korea. Its anti-inflammatory properties make it popular for treating varicose veins, arthritis pain and hemorrhoids.
In addition to being used in traditional medicine, horse chestnut seed extract has recently gained popularity for its potential anti-aging benefits. It's believed that this natural ingredient can reduce wrinkles, scars and brown spots while also providing numerous other skin benefits such as increasing elasticity and improving circulation.
The Food and Beverage industry is driving the expansion of the Horse chestnut seed extract market. Horse Chestnut Seed Extract is a natural ingredient that has been used in traditional folk medicine since ancient times, and has recently become popular as an additional nutritional supplement in the modern diet.
The Health and Wellness trend within the Food and Beverage industry has significantly increased demand for Horse Chestnut Seed Extract. The nutraceutical compound, Aescin, which is found in high concentrations in horse chestnuts, is believed to have anti-inflammatory properties that are beneficial for joint health, circulation issues and general wellbeing. Many food manufacturers are using this natural ingredient to fortify their products with wholesome nutrition and advertise its various health benefits.
The use of Horse Chestnut Seed Extract is on the rise, and its potential applications are vast. From topical skin treatments to dietary supplements, this natural extract has gained increased attention in recent years. But which application category will benefit the most from this powerful plant extract?
Experts believe that health and beauty products are one of the markets that will see a major uptick in horse chestnut seed extract utilization. The high concentration of active ingredients, such as saponins, can provide effective treatments for inflammation, skin irritation and bruising when used topically. In addition to these benefits, horse chestnut seed extract might also be able to combat symptoms associated with varicose veins when used as part of a topical cream or ointment.
The competitive landscape of the horse chestnut seed extract market is an ever-changing one. Companies around the world are consistently innovating and creating new products to increase their market share. Horse chestnut seed extract has seen a massive surge in popularity due to its potent anti-inflammatory and antioxidant properties, which makes it an attractive ingredient for many dietary supplements and natural healthcare products.
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| Attribute | Details |
|---|---|
| Forecast period | 2023 to 2033 |
| Historical data available for | 2018 to 2022 |
| Market analysis | USD million in value |
| Key regions covered | North America; Eastern Europe; Western Europe; Japan; South America; Asian pacific; Middle east and Africa |
| Key countries covered | USA, Germany, France, Italy, Canada, UK, Spain, China, India, Australia |
| Key segments covered | Product Type, Application, Distribution channel, Region |
| Key companies profiled | Alchem International; Indena S.p.A; Bio Botanica; Frutarom Industries; MB-Holding GmbH & Co. KG; Mountain Rose Inc.; Euromed S.A; Naturex S.A.; Sabinsa Corporation |
| Report coverage | Market Forecast, Company Share Analysis, DROT Analysis, Market Dynamics, Competitive Landscape, Challenges, Strategic Growth Initiatives |
| Customization and Pricing | Available upon request |
The Horse chestnut seed extract market size is assessed to USD 18,402.80 Million in 2023.
The Horse chestnut seed extract market is expected to rise at a CAGR of 6.30%.
USA, China, Canada, Germany, China, India, UK, Australia are the major countries driving demand for Horse chestnut seed extract market.
China Horse chestnut seed extract market is projected to grow at a CAGR of around 5.60% over the next ten years.
Market share of Germany in Horse chestnut seed extract market is about 23.30% of the global market.
Alchem International, Indena S.p.A., Bio Botanica, Frutarom Industries this are expected to be the top players driving the market growth.
The global Horse chestnut seed extract market is forecasted to surpass USD 33,583.7 Million by the end of 2033.
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