According to Future Market Insights research, during the projected period, the Jujube Extract market is expected to grow at a CAGR of 3.8%. The market value is projected to increase from US$ 6,173.0 Million in 2022 to US$ 8,963.4 Million by 2032. The Jujube Extract market was valued at US$ 5845.67 Million at the end of 2021 and is anticipated to exhibit a CAGR growth of 3.4% from 2016 to 2021.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$ 6,173.0 Million |
| Market Forecast Value in 2032 | US$ 8,963.4 Million |
| Global Growth Rate (2022 to 2032) | 3.8% CAGR |
| Forecast Period | 2022 to 2032 |
| CAGR of the United Kingdom in Europe | 4.9% |
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Jujube is full of calcium, vitamin C, lipids, protein, and carbs. It also has anti-cancer components that help cancer cells regress and return to normal. Comparing jujube to citrus fruits, the vitamin C content is 20 times higher. Extracts from jujubes support the health of the body's hormones, muscles, skin, bones, enzymes, and neurotransmitters.
Additionally, if taken daily, it protects against gallstones, relieves tension and anxiety, and speeds up recovery three times faster than just taking vitamin pills. Jujube extracts can relieve sore throats, boost the immune system, and treat viral infection indications when combined with herbs like peppermint, ginger, and licorice.
Jujube extracts are employed as nutrient components in traditional diets, functional food ingredients, and dietary supplements. A jujube extract is made up of three ingredients: water, ethanol, and organic astragalus root. Jujube extracts have the power to heal anemia, regulate blood pressure, reverse liver illness, and stop the growth of malignant cells that might cause leukemia. Jujube extracts are utilized in skin care products and aid in the treatment of sunburn, dry patches, and wrinkles.
A new report published by Future market insights, titled, Jujube Extract Market - Global Opportunity Analysis and Industry Forecast, 2022 to 2032, projects the global Jujube Extract market to reach US$ 8,963.4 Million by 2032. The market was valued US$ 4,451.6 Million in 2016 and is expected to grow at a CAGR of 3.8% from 2022 to 2032.
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Jujube trees are the most uncommon of all fruit trees in the USA. Jujube fruits, on the other hand, are the most well-known fruit in China. Due to the rising demand for functional foods and flavored food products, the food and beverage application category in the jujube extracts market will have the quickest growth throughout the forecast period. Jujube fruit is sold as dried dates in China and is widely available in grocery stores. Fruits from the jujube tree are highly advised for the treatment of rheumatic complaints.
Due to the region's high predilection for processed meals and juices, regular product launches of innovative food items, the region's high level of public knowledge of the health advantages of jujube fruit, and the existence of key players. In terms of the high prevalence of jujube fruit plants in developing nations like China, rising consumption of functional foods, rising demand for dietary supplements, rapidly rising consumer awareness along with rising consumer spending power, and preferences for natural ingredients, Asia Pacific, the Middle East, and Africa hold enormous potential and exhibit significant growth.
According to the report, North America is expected to see the strongest growth over the next five years, there will be a need for jujube extract. The USA and Canadian markets' rising demand will be the main driver of this expansion. Because jujube extract is becoming more and more well-liked as a health supplement, the USA is likely to experience a significant increase in demand.
North America is anticipated to have one of the quickest rates of growth for the sales of jujube extract, according to London-based research firm Euromonitor International.
In recent years, the market for jujube extract in Europe has been growing rapidly. This is due to the increasing demand for natural and organic products in the region. The jujube extract market is expected to continue its growth in the coming years. This is due to the increasing awareness of the health benefits of jujube extract and the growing popularity of natural and organic products.
The Asia Pacific region is expected to experience the highest growth in demand for jujube extract, due to the rapidly growing economies of China and India. In addition, the traditional use of jujube extract in Chinese medicine is expected to continue to drive demand in China. Japan is also a key market for jujube extract, due to the popularity of functional foods and beverages. Russia is another key market in the Asia Pacific region, due to the growing popularity of natural and herbal remedies.
Jujube extracts are utilized in skin care products and aid in the treatment of sunburn, dry skin, and wrinkles.
The desire for Flavoured food products, growing attention to multifunctional ingredients in processed foods, cutting-edge technology, growing manufacturing capacity, and growth of the food and beverage industry are all factors driving the market for jujube extracts.
Jujube extracts also improve the food texture marketplace and the product's durability. A substitute for jujube extracts in packaged foods, a change in the climate, and strict government interference, however, could slow the market's expansion in the near future.
The dried fruit of the jujube tree is used to make jujube extract. The jujube tree is indigenous to China, where it has long been grown as a crop. The jujube tree's fruit is utilized in traditional Chinese medicine, and an extract of it is said to offer therapeutic benefits. Due to its alleged health advantages, jujube extract demand has grown recently. Supplemental foods and cosmetics both include jujube extract. It can be derived from the jujube tree's fruit or leaves.
Jujube extract can be found in two different forms: synthetic and natural. While natural jujube extract is taken from the fruit or leaves of the jujube tree, synthetic jujube extract is created in laboratories.
The jujube fruit is used to make jujube extract, a natural product. Although this extract has long been employed in traditional Chinese medicine, Western nations have only recently begun to take notice. It is not the best choice for usage as a dietary supplement due to a number of significant drawbacks.
One of jujube extract's greatest drawbacks is that it can harm the liver. In fact, treating liver diseases is one of the main uses of this extract in traditional Chinese medicine. Consuming too much jujube extract, however, can harm the liver.
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The Jujube Extract in market is expected to grow at a CAGR of 3.8% during the forecast period of 2022 to 2032. The main factors, opportunities, and difficulties affecting the market's expansion are thoroughly examined in the report. One of the main reasons fueling the market's expansion is the expanding need for jujube extracts from industrial distributors and supermarkets. The market is expanding due to the rising demand for jujube extracts as a natural sweetener and taste enhancer. One more thing driving the market for jujube extract is the rising cost of sugar and artificial sweeteners.
However, a significant issue that could impede the expansion of this market during the anticipated time is the lack of consumer knowledge of jujube extract in several regions.
Due to an increase in usage by supermarkets and industrial distributors, the jujube extract market is expanding quickly. Due to the substantial demand from these groups and the constrained availability of the product, the price of jujube extract has been increasing. However, when compared to other similar products on the market, the pricing is still quite affordable. Because of this, jujube extract is a popular choice among distributors.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ Million for Value and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Jujube Extract market will reach a valuation of US$ 6,173.0 Million by the end of 2022.
The global Jujube Extract market is forecasted to surpass US$ 8,963.4 Million by the end of 2032.
The USA, Germany, Japan, China, India, Australia, United Kingdom are the major countries driving demand for Jujube Extract Market.
The USA Jujube Extract Market is contributing 30.3% of the total value share in the global market.
The Germany Jujube Extract Market is contributing 29.7% of the total value share in the global market.
In Japan Jujube Extract Market is contributing 7.7% of the total market share which is valued in the year 2022.
In India Jujube Extract Market is contributing 5.4% of CAGR for the latest period.
In China Jujube Extract Market is contributing 6.1% of CAGR for the latest period.
In Australia Jujube Extract Market is contributing 2.2% of the total value share in the global market.
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