What Has Been the Progress and Growth of the Echinacea Extract Market in Recent Years?
The echinacea extract market has seen considerable growth due to a variety of factors.
• In recent years, there has been a rapid expansion in the echinacea extract market, with the size predictions revealing an increase from $2.02 billion in 2024 to $2.25 billion in 2025, marking a compound annual growth rate (CAGR) of 11.7%.
Factors contributing to this growth throughout the historic period include the escalating interest of consumers in natural remedies, heightened recognition of health advantages, growing demand for nutrition supplements, an expanded market for herbal medicine, increased research and developmental activities, and improved availability of echinacea extract products.
What Can Be Expected from the Echinacea Extract Market Size?
The echinacea extract market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for echinacea extract is projected to proliferate swiftly in the upcoming years, expanding to $3.48 billion in 2029 with a compound annual growth rate (CAGR) of 11.4%.
Several factors contributing to the growth in the forecast period include an ascending trend towards preventative healthcare, the increasing use of echinacea in skincare items, an increase in pharmaceutical applications, the rising demand for organic products, higher disposable income, and the growing impact of social media marketing. The forecast period will also see major trends such as the growth of e-commerce and online retail channels, the emergence of innovative echinacea-based formulations, new extraction and processing technology advancements, and the incorporation of echinacea extract into beauty and cosmetic products.
What Are the Critical Driver Fuelling The Echinacea Extract Market's Growth?
The increasing popularity of dietary supplements is projected to drive the expansion of the echinacea extract market in the coming years. Dietary supplements are designed to enrich the diet with concentrated forms of essential nutrients like vitamins, minerals, herbs, or amino acids. This increased demand is fueled by heightening health-awareness and the consumer's preference for preventive health strategies. Echinacea extract, an ingredient of nutritional supplements, aids in supporting the immune system and could lessen the duration of colds and other respirational infections. For example, the Council for Responsible Nutrition conducted a survey on 3,192 adults in October 2023 which resulted in 74% of U.S. adults taking dietary supplements. The survey also found there was a 5% point rise to 66% in user confidence regarding the perceived quality of sports nutrition supplements in comparison to 2022. Furthermore, trust in the weight management category increased by 4% points to 56% from 2022. Therefore, the amplified demand for dietary supplements is anticipated to encourage the growth of the echinacea extract market.
How Is The Echinacea Extract Market segmented?
The echinacea extractmarket covered in this report is segmented –
1) By Type: Reagent Grade, Food Grade, Medical Grade, Other Types
2) By Echinacea Extract Form: Liquid, Capsule, Powder
3) By Application: Medicine, Food And Beverages, Dietary Supplements, Ornamental, Beauty Products, Essential Oils, Other Applications
4) By Distribution Channel: Online Stores, Retail Stores, Hypermarket Or Supermarket, Herbal Specialty Stores
Subsegments:
1) By Reagent Grade: Purity Levels, Packaging Sizes
2) By Food Grade: Liquid Extracts, Powdered Extracts, Capsules And Tablets
3) By Medical Grade: Herbal Tinctures, Standardized Extracts, Topical Formulations
4) By Other Types: Cosmetic Grade, Veterinary Grade, Specialty Formulations
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Which Emerging Market Trends Are Altering The Echinacea Extract Industry?
Key players in the echinacea extract sector are making strides towards formulating herbal remedies and echinacea-based products, such as revolutionary anti-aging skincare technology aimed at increasing skin elasticity and reducing wrinkles. The new technology derived from echinacea extracts aims to boost skin fullness and combat aging signs by promoting fat production. For instance, Biocogent LLC, a company based in the US offering personal care and cosmetic products, introduced Volpura EPO in March 2024. This technology, obtained from Echinacea purpurea, an herb, targets aging indications by augmenting the skin's natural fullness procedures, tackling wrinkles and sagging internally to encourage a younger, fresher look. It functions by stimulating fat cells or adipocytes, leading to an up to five times increase in fat production via the activation of PPAR-?, the chief controlling molecule in adipogenesis. This leads to enhanced skin fullness and firmness. Due to its versatility and stability, even at temperatures as high as 85°C, Volpura EPO can easily be used in hot pour and hot cast products such as lipsticks, lip balms, and lip glosses.
Who Are the Key Players In The Echinacea Extract Market?
Major companies operating in the echinacea extract market are:
• Symrise AG
• Nature's Bounty Inc.
• Dr. Willmar Schwabe GmbH & Co. KG
• Nature's Way Products LLC
• Jamieson Wellness Inc.
• NOW Foods Inc.
• Indena S.p.A.
• Schwabe North America Inc.
• Gaia Herbs Inc.
• Integria Healthcare Pty Ltd.
• Bio-Botanica Inc.
• Traditional Medicinals Inc.
• Solgar Inc.
• Bluebonnet Nutrition Inc.
• Herb Pharm LLC
• Jarrow Formulas Inc.
• Oregon's Wild Harvest Inc.
• Martin Bauer Group
• Nutralion Inc.
• Gonmisol Inc.
• Solaray Inc.
• Sambucol Ltd
What Is The Most Dominant Region In The Echinacea Extract Market?
North America was the largest region in the echinacea extract market in 2024. The regions covered in the echinacea extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
