Global Cistanche Extract Market Size, Share and Trends Analysis Report, By Type (Powder and Liquid), By Application (Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, Dietary Supplements and Sports Nutrition, and Functional Food), Forecast (2022-2028)

The global cistanche extract market is anticipated to grow at a CAGR of 6.7% during the forecast period (2022-2028). Cistanche belongs to the family of Orobanchaceae commonly known as Rou Cong Rong, a herb native to China widely used for its aphrodisiac benefits. The major factor expected to drive the market growth is the rising application of cistanche deserticola in pharmaceuticals along with the rising awareness about its benefits, and growing demand for the treatment of aphrodisiac diseases. Furthermore, increasing demand for natural herb-based medicines, functional foods, and nutraceuticals has led to the surge in demand for various herbs including cistanche. It is increasingly used for manufacturing of several types of therapeutic medicines, and widely explored for applications in nutraceuticals, beverages and others.
Moreover, cistanche is widely used in the form of powder. The wide range of uses in the different categories also supports the global cistanche extract market to grow further in the forecast period. Owing to its rich source of anti-oxidants and an effective cure for bladder infections, cistanche extract is beneficial for the vital function of the kidney, induces laxation, and bowel symptoms in elderly population. Therefore, the rising awareness of its aphrodisiac benefits and other therapeutic functions will further propel the growth of the market during the forecast period. Some major players in the market include Amway Corp., and Barlowe’s Herbal Elixirs LLC, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.

Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered-
By Type
By Application

Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Top Major Key Players:
Amway Corp., and Barlowe’s Herbal Elixirs LLC, among others.

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Cistanche Extract Market Report by Segment
By Type
Powder
Liquid

By Application
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Dietary Supplement and Sports Nutrition
Functional Food