Sutherlandia Extract Market Report 2023 (Global Edition)

Global Sutherlandia Extract Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Sutherlandia Extract Industry growth. Sutherlandia Extract market has been segmented with the help of its Products, End users Channel Type, and others. Sutherlandia Extract market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Based On The Product, the market is segmented into powder sutherlandia extract, liquid sutherlandia extract, and gel sutherlandia extract. Powder sutherlandia extract is used by indigenous people to treat cancer, tuberculosis, flu, diabetes, and chronic fatigue syndrome. This segment is expected to grow at a fast pace during the forecast period.

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Based On The Application, the market is segmented into the pharmaceutical industry, nutraceutical industry, and beverage industry. The pharmaceutical industry is acquired the largest share in terms of application. The pharmaceutical industry increasingly adopted medicinal plants for therapeutic purposes.

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Sutherlandia Extract Channel Type Segment Analysis

• Wholesale
• Retail

Middle East and Africa accounted for comparatively the largest share of the sutherlandia extract market. The growth of the sutherlandia extract market in Middle East Africa is fuelled by some key factors including sutherlandia frutescens is a shrub native to South Africa and it is increasingly used in traditional medicine to treat diabetes, chicken pox, external wounds, and cancer. In Africa, Sutherlandia has been proposed as an AIDS treatment. In Asia Pacific, the sutherlandia extract market is driven by the increasing use of traditional medicines for centuries to meet their primary healthcare needs and rising cancer incidences. For example, Asia Pacific hosts 50 % of the world’s new cancer cases each year, and deaths caused by cancer in Asia are expected to increase by 37 % by the end of 2030.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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The companies in this industry focus on maintaining a reputation in product development of scientific research into the beneficial uses of African plant species. Subsequently, the companies in this industry emphasize developing effective and innovative products by ensuring the products they develop are in line with top international standards. In addition, the companies are working on scientific testing methods and modern extraction processes to ensure the benefits of the herbs remain intact and sell them at a good price and excellent quality.

Top Companies Market Share in Sutherlandia Extract Industry: (In no particular order of Rank)

• Afriplex
• Medico Herbs
• Global Fusion Naturals
• Afrinatural
• Geva
• Sutherlandia
• Afrigetics
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