Stinging Nettle Root Extract Market
Stinging Nettle Root Extract Market Study by Powder and Capsules for Food & Beverages and Pharmaceuticals from 2024 to 2034
Analysis of Stinging Nettle Root Extract Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Stinging Nettle Root Extract Market Outlook (2024 to 2034)
According to a new, detailed report published by Fact.MR, the global stinging nettle root extract market is poised to reach US$ 62.3 million in 2024 and advance at 8.8% CAGR to reach US$ 145.3 million by the end of 2034.
Rising awareness about the potential health benefits of stinging nettle root extract, including its anti-inflammatory properties and support for prostate health, is contributing to market growth. It helps manage systems of BPG (benign prostatic hyperplasia), which is a key stinging nettle root extract market trend.
In recent years, more and more consumers have been opting for herbal and natural remedies as effective alternatives to synthetic drugs, owing to increasing concerns related to the potential side effects of these products. With the expansion of the dietary supplement market because of growing health consciousness and a rising focus on preventive healthcare, a positive impact is being seen on global stinging nettle root extract market growth.
- East Asia is anticipated to account for a 25.7% share of global market revenue by the end of 2034.
- Demand for stinging nettle root extract in the United States is projected to accelerate at a CAGR of 8.7% and reach a market value of US$ 22 million by 2034-end.
- The capsule form of stinging nettle root extract is estimated to hold 65.74% of the stinging nettle root extract market share by 2034.
Regulatory bodies in several countries are implementing regulations and standards to ensure the quality and safety of dietary supplements containing stinging nettle root extract. Moreover, there are multiple distribution channels, such as online retailers, supermarkets, and pharmacies, which are contributing to the rising sales of stinging nettle root extract.
Rising population of grey people around the world is set to increase demand for stinging nettle root extract as effective supplement targeting certain health concerns. Furthermore, this extract is also being used to treat men’s health issues, urinary function, prostate health, painful muscles and joints, anemia, gout, arthritis, and eczema.
| Report Attributes | Details |
|---|---|
| Stinging Nettle Root Extract Market Size (2024E) | US$ 62.3 Million |
| Forecasted Market Value (2034F) | US$ 145.3 Million |
| Global Market Growth Rate (2024 to 2034) | 8.8% CAGR |
| Japan Market Growth Rate (2024 to 2034) | 10.7% CAGR |
| Market Share of Supermarkets/Hypermarkets (2034F) | 37.25% |
| North America Market Share (2034F) | 20.6% |
| Key Companies Profiled |
|
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Which Factors are Paving the Way for Suppliers of Stinging Nettle Root Extract?
“Increasing Consumption of Stinging Nettle Root Extract as Natural Remedy for Health Issues”
Stinging nettle root extracts have been utilized as a medicinal plant for centuries around the world. Stems and leaves of stinging nettle are covered with trichomes and release a specific chemical. In contact with the skin, this chemical provides a tingling sensation. In addition, the same chemical works as a pain reliever if applied to any painful part of the human body, thus making stinging nettle root extract a natural remedy. Furthermore, the extract is used to treat numerous conditions, such as anemia, urinary tract infections, eczema, gout, enlarged prostate, and hay fever.
“Rising Cases of Benign Prostatic Hyperplasia (BPH)”
In recent years, benign prostatic hyperplasia has been one of the common urological conditions among elderly men. It results in prostate gland enlargement, therefore contributing to urinary tract infections, urinary blockage, or kidney damage. These rising cases are anticipated to increase concerns among individuals caused by BPH. Therefore, a direct positive impact on the demand for stinging nettle root extracts is experienced owing to its benefits in the management of benign prostatic hyperplasia.
What is Projected to Help Startups Strengthen Their Position in the Market?
“Growing Global Focus on Health and Wellness”
The involvement of new market players in R&D activities to identify more potential health benefits of stinging nettle root extract is estimated to help enhance their market stance. They are investing in clinical studies conducted for the effective management of numerous health conditions, which is set to contribute to the rising interest of consumers in stinging nettle root extract.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, says in its newly published study that East Asia is estimated to account for 25.7% share of the global market by the end of 2034. The prominence of the region is attributed to the growing consumption of stinging nettle root extract for medicinal purposes. In addition, the high presence of elderly people is also estimated to contribute to market prospects owing to their inclination toward herbal products for the treatment of some health issues.
Why are Manufacturers of Stinging Nettle Root Extract Targeting the United States?
“Rising Recognition of Health Benefits of Stinging Nettle Root Extract”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 9.6 Million |
| Growth Rate (2024 to 2034) | 8.7% CAGR |
| Projected Value (2034F) | US$ 22 Million |
The United States market is set to hold 73.5% share of the North American market by the end of the assessment period in 2034. Growing recognition of the health and herbal benefits associated with stinging nettle root extracts is estimated to contribute to their rising consumption. Stinging Nettle plant is used prominently owing to its pain-relieving, diuretic, and anti-inflammatory properties. Tincture, tea, and capsules are some of the popular consumption forms of stinging nettle plants. Owing to its culinary and valuable health applications, promising prospects of stinging nettle root extracts are expected in the United States.
How is the Market in China Shaping Up?
“Increasing Medicinal Use of Stinging Nettle Root Extract”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 11.4 Million |
| Growth Rate (2024 to 2034) | 9.3% CAGR |
| Projected Value (2034F) | US$ 27.7 Million |
China is forecasted to contribute 74.2% share of East Asia revenue by the end of 2034. Increasing consumption of tea in China is anticipated to have a positive impact on the market growth in the coming 10 years. A majority of people in China incorporate tea into their routine life for medicinal purposes. In addition, the growing population of elderly people is projected to increase demand for stinging nettle root extract as a dietary supplement.
Category-wise Insights
Stinging nettle root extracts are used prominently in the pharmaceutical industry due to their ability to release excess water and toxins from the body. In addition, they are also used as one of the prominent components in sprays used for pain relief. Constant investment in R&D for exploring the medicinal use of stinging nettle root extracts is projected to generate opportunities for manufacturers.
Which Stinging Nettle Root Extract Form is Most Widely Consumed?
“High Use of Stinging Nettle Root Extract Capsules for High Absorption and Bioavailability”
| Attribute | Capsules |
|---|---|
| Segment Value (2024E) | US$ 40 Million |
| Growth Rate (2024 to 2034) | 9% CAGR |
| Projected Value (2034F) | US$ 96 Million |
The capsule form of stinging nettle root extracts is estimated to hold a 65.74% share of the global market by the end of 2034. These capsules are manufactured from the powder extracted from the dried roots of stinging nettles. Over the counter, they have been adopted as one of the popular dietary supplements. Capsules have a high absorption rate and bioavailability. In comparison to liquids, it is comparatively easy to carry and consume capsules. The rising use of capsule form of stinging nettle root extracts in releasing access water from the human body and treatment of enlarged prostate is forecasted to contribute to the revenue streams for suppliers.
Which Distribution Channel Accounts for Higher Revenue Generation?
“Supermarkets Lead the Way Due to Higher Trust and Familiarity”
| Attribute | Hypermarkets/Supermarkets |
|---|---|
| Segment Value (2024E) | US$ 23 Million |
| Growth Rate (2024 to 2034) | 9.1% CAGR |
| Projected Value (2034F) | US$ 54 Million |
Hypermarkets/supermarkets are estimated to contribute 37.25% share of global sales of stinging nettle root extract by 2034, as revealed in the Fact.MR research report. Most consumers have familiarity and trust with their local supermarkets. They prefer to shop at these stores regularly due to the safety and quality assurance of their products.
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Competitive Landscape
Leading suppliers of stinging nettle root extract are providing products as per market trends and emphasizing compliance with set regulations and standards for manufacturing products. Moreover, they are also involved in enhancing supply chain management, offering quality products, and new product developments.
Key players in the stinging nettle root extract industry are Charkit Chemical, Solaray, Now Foods, Bio-Botanica, Powerline Health, Xi’an Lyphar Biotech, and Zenith Nutrition.
Segmentation of Stinging Nettle Root Extract Market Research
-
By Form :
- Powder
- Capsules
-
By Application :
- Food & Beverages
- Pharmaceuticals
-
By Distribution Channel :
- Supermarkets/Hypermarkets
- Medical Stores
- Specialty Stores
- Online Retail
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the size of the stinging nettle root extract market?
The global stinging nettle root extract market is estimated at US$ 62.3 million in 2024.
What is the demand outlook for stinging nettle root extract for 2034?
Worldwide demand for stinging nettle root extract is projected to reach a value of 145.3 million by 2034.
At what rate is the demand for stinging nettle root extract forecasted to rise?
The market for stinging nettle root extract is forecasted to advance at a CAGR of 8.8% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is forecasted to account for 25.7% share of the global market by 2034.
What is the demand outlook for stinging nettle root extract in South Korea?
The market in South Korea has been projected to expand at a CAGR of 8.3% from 2024 to 2034.
What is the share of supermarkets/hypermarkets in the global market?
Hypermarkets/supermarkets are estimated to account for 37.25% share of the global market by 2034.
What is stinging nettle root extract utilized for?
Stinging nettle root extract has been utilized for the treatment of painful muscles and joints, anemia, gout, arthritis, and eczema.
Stinging Nettle Root Extract Market