The root vegetable known as Maca originates from the Peruvian Andes. Maca, also known as Peruvian Ginseng is reported to have numerous health benefits. In fact, powdered Maca is considered a unique superfood that boosts energy, improves stamina and enhances libido. Maca root powder is also widely used in many of the best male enhancement pills. Maca root extract is contained in many leading male enhancement supplements and is widely used to treat hot flushes, memory loss, stress, depression and fertility.
Maca extract is also rich in essential minerals such as phosphorus, iodine, potassium, sodium, manganese, calcium, iron and magnesium. Maca stimulates the pituitary gland and the hypothalamus, the glands responsible for regulating other important glands. This in turn, helps to re-balance the testicular, ovarian and adrenal glands, the pancreas and the thyroid.
Maca extract industry is mainly concentrated in Peru and China. Currently, there are many maca extract products producing companies in the world maca extract industry. The main market players are Koken, Peruvian Nature, Panpacific Corporation, Natural Health International, Inca Health and Jiaherb.
The global consumption value of maca extract increases with the 76.82% average growth rate. South America and North America are the major consumption region due to the bigger demand of downstream applications. In 2016, these this region occupied 42.20% of the global consumption volume in total.
Maca extract include many forms with different extract ratio. And each form has different application industries with price difference. With medical effect of maca extract, the downstream application industries will need more maca extract products. So, maca extract has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance maca extract through improving technology.
The major raw materials for maca extract products are maca and other auxiliary materials. Fluctuations in the price of the upstream product will impact on the production cost of maca extract. The production cost of maca extract is also an important factor which could impact the price of maca extract.
According to this study, over the next five years the Maca Extract market will register a 1.0% CAGR in terms of revenue, the global market size will reach US$ 59 million by 2024, from US$ 56 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Maca Extract business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Maca Extract market by product type, application, key manufacturers and key regions and countries.
This study considers the Maca Extract value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
White to Yellow
Light Pink to Dark Purple
Light Gray to Dark Gray
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Health Drugs
Health Foods
Nutritional Supplements
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Koken
Peruvian Nature
Panpacific Corporation
Natural Health International
Inca Health
ZANACEUTICA
MG Natura Peru
Pebani Inversiones
StandPeru
Phyto Life Sciences
Jiaherb
Pioneer Herbs
Green Life
Yuansn Biological
Bettering
Yongyuan Bio-Tech
Naturalin
Berbchem Biotech
Tengmai
Huike
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Maca Extract consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Maca Extract market by identifying its various subsegments.
Focuses on the key global Maca Extract manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Maca Extract with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Maca Extract submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Maca Extract . Industry analysis & Market Report on Maca Extract is a syndicated market report, published as Global Maca Extract Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Maca Extract market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.