The United States market for Bidens pilosa extract is projected to grow at a CAGR of 10.3% through 2034. Various organizations across the country are actively supporting research into the anticancer properties of medicinal plants. This has led to the development of innovative strategies for cancer chemotherapy aimed at minimizing the undesirable side effects typically associated with traditional treatments.
As research increasingly highlights the benefits of natural therapies, including plant-based products for cancer treatment, there is a potential to reduce adverse side effects. The rising significance of Bidens pilosa extract in the formulation of new anticancer drugs, particularly with the application of supercritical technology, is driving growth in this market.
The Bidens pilosa extract market is poised for significant growth, with an anticipated market value of USD 40.5 billion in 2024. The sector is projected to witness a robust compound annual growth rate (CAGR) of 12.9%, reaching an estimated USD 136.4 billion by 2034. This surge is driven by increasing consumer interest in natural products across cosmetics, pharmaceuticals, and nutraceuticals.
Bidens pilosa, rich in bioactive compounds such as phenolics, flavonoids, and terpenoids, offers notable anti-inflammatory and anti-microbial properties. As a result, it has gained traction for its therapeutic applications, particularly in treating inflammation-related disorders, skin ailments, and even cancer.
The cosmetics industry is seeing a rising demand for skincare products featuring Bidens pilosa extract, particularly due to its anti-aging properties. This trend aligns with a growing focus on appearance among consumers, presenting significant opportunities for brands to expand their offerings.
Key Market Insights
- Consumer Trends: The surge in demand for herbal and natural products is a primary sales driver, supported by rising awareness of health benefits associated with natural extracts.
- Market Applications: Bidens pilosa extract is utilized in dietary supplements, food and beverages, and as a treatment in traditional medicine across regions like Africa, Asia, and the Americas.
- Sustainability Focus: As demand increases, manufacturers are prioritizing sustainable sourcing practices, enhancing their marketing strategies with certifications that highlight ethical practices.
- High-End Market Positioning: Due to the high cost of extraction, players are shifting towards positioning Bidens pilosa extract as a premium product, targeting health-conscious consumers.
Regional Insights
- United States: Anticipated to grow at a CAGR of 10.3%, driven by research into anticancer properties of Bidens pilosa.
- Germany: Expected to see a 10.8% CAGR as Bidens pilosa becomes a sought-after ingredient in natural skincare.
- China: Projected growth of 8.8%, reflecting increasing consumer interest in herbal products.
- India: Anticipated 10% growth, supported by traditional medicinal uses and a rise in natural beauty products.
- Australia: Expected to grow at a CAGR of 7.5%, reflecting a growing demand for plant-based ingredients in personal care.
Leading Bidens Pilosa Extract Companies
- CHEMYUNION
- Koei Kogyo Co., Ltd.
- Bath Spa Skincare
- Hunan Nutramax Inc.
- Xi’an DN Biology Co., Ltd.
- Xi’an Teng Yun Biotech Co., Ltd.
- Lisi (Xian) Bio-Tech Inc.
- Yangling Ciyuan Biotech Co.
- Others
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Key Segments of Market Report
By Applications:
Various applications of Bidens pilosa extract include emulsion, gels, serum, oils, and powder.
By Source:
Different sources of Bidens pilosa extract include flowers, leaves, roots, and seeds.
By End Use:
Multiple end uses of the product are in pharmaceuticals industry, food & beverages industry, personal care industry, and retail.
By Sales Channel:
Different sales channels for Bidens pilosa extract are direct and indirect. The indirect channel is segmented into specialty stores, exclusive stores, departmental stores, online retailers, and other sales channels.
By Region:
The Bidens pilosa extract is sold across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
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