Demand for cassia seed extract is expected to be worth US$ 395.7 million globally in 2022 and is projected to increase at a CAGR of 6.2% to US$ 641.0 million globally from 2022 to 2032.
Growth is connected to advantageous and accommodative characteristics along with healing capacity in many ailments ranging from metabolic disorders to ocular impairments, and functions as a relief starting from dizzy headaches to considerable anti-cancerous attributes. A CAGR of 5.4% was recorded for the market from 2016 to 2021.
The global cassia seed extract market is expected to have significant growth rate, attributed to growing supplement market, the rapid rate of urbanization, and increasing health consciousness among consumers. North America has substantial growth in the global cassia seed extract market, owing to increasing employment in a sedentary job which requires continuous staring at computer screens.
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Global Cassia Seed Extract Market Dynamics
The growth of the global cassia seed extract market is driven by growing demand for organic food, high demand for food products helpful for losing fat, increasing investments in the food industry, and increasing health consciousness of consumers. Macroeconomic factors such as growing economy, rapid rate of urbanization, increasing per capita income, and increasing employment rate driving the global cassia seed extract market.
The properties of cassia seed such as lipid metabolism inhibitor, helps to soothe the eyes, and prevention & treatment of constipation, high cholesterol, high blood pressure, and eye diseases fueling the demand of cassia seed extract market.
However, long-term consumption of cassia seed leads to several adverse effects including stomach pain, hypotension, diarrhea, premature labor due to an abnormality in the endometrium, and irregular menstruation.
Some of the factors trending the global cassia seed extract market include mergers & acquisitions between the suppliers and end-use industries of cassia seed extract market and increasing technological advancement in the production of cassia seed extract.
The company operates in the cassia seed extract market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing economy and working population across the regions.
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Global Cassia Seed Extract Market Regional Outlook
Based on the geographies, the global cassia seed extract market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America and Western Europe accounts for a relatively high share of the cassia seed extract market, attributed to the high proportion of the sedentary working population.
Asia-Pacific cassia seed extract market is expanding at a significant CAGR, owing to rapidly growing population across the region particularly in the countries such as China and India. The Middle East and Africa is expected to expand at a substantial CAGR, owing to growing food industry across the region.
Eastern Europe and Japan also accounts for significant value share in the global cassia seed extract market. Overall, the outlook for the global cassia seed extract market will have a positive growth over the forecast period, increasing demand for nutraceutical and health consciousness among consumers being counterfeiting factors.
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Global Cassia Seed Extract Market Player
Few players in the global cassia seed extract market include Shaanxi Yongyuan Bio-Tech Co., Ltd., Xi’an Green Spring Technology Co., Ltd., Changsha Wanrun Bio-Technology Co. Ltd., Botaniex Biotech Inc., Shaoxing Marina Biotechnology Co.,Ltd., NATUREX FRANCE AVIGNON, and Teatox Australia Pty Ltd.
The Report Covers Exhaustive Analysis on
- Cassia Seed Extract Market Segments
- Market Dynamics of Cassia Seed Extract Market
- Historical Actual Market Size, 2014-2016 for Cassia Seed Extract Market
- Cassia Seed Extract Market Size & Forecast 2017 to 2027
- Value Chain
- Current Trends/Issues/Challenges
- Competition and Companies involved in Cassia Seed Extract Market
- Cassia Seed Extract Market Drivers and Restraints
Regional Analysis for Cassia Seed Extract Market Includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- The Middle East and Africa
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Cassia Seed Extract Market
The global cassia seed extract market is segmented on the basis of application, distribution channel, and region Based on applications, the global cassia seed extract market is segmented into:
- Pharmaceutical
- Nutraceutical
- Food & Beverages
- Others
Based on distribution channel, the global cassia seed extract market is segmented into:
- Wholesale
- Retail
- Hypermarket/Supermarket
- Convenience Store
- E-Commerce
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