Ashwagandha Extract Global Analysis Report 2024: Market to Reach $1.15 Billion by 2028, Driven by Rising Demand for Adaptogens and Increased Interest in Natural Health Solutions - Forecast...
KERRY GROUP PLC S/ADR (KRYAY)
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Source: Yahoo! Finance
The global market for Ashwagandha extract has witnessed significant growth in recent years, with a projection to expand from a valuation of $0.65 billion in 2023 to an impressive $1.15 billion by 2028. Market analysts attribute this robust growth to a compound annual growth rate (CAGR) of 12.1%, bolstered by surging interest in natural health supplements and the adaptogenic properties of Ashwagandha. Utilized extensively in Ayurvedic medicine for centuries, Ashwagandha has gained popularity across various geographic regions for its stress-relieving and health-enhancing benefits. The high growth trajectory of the Ashwagandha extract market also signifies an ever-growing consumer preference for natural and organic products, reflecting a deeper commitment to health and wellness. Growing Awareness Drives Ashwagandha Extract Market Expansion The recent market insights report showcases pivotal elements fostering the Ashwagandha extract market's expansion. Prominent among these is the
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