Market Research Report
Global Gentian Market - 2021-2028
|Global Gentian Market - 2021-2028|
Published: September 27, 2021
Content info: 180 Pages
Delivery time: 2 business days
Gentian is an herb of high pastures mostly found in high range areas of Alps and Himalayas. Gentian is basically a flowering plant belonging to the gentian family, that is, the tribe Gentianaceae. Gentians are notable for their mostly large, trumpet-shaped flowers which are often of an intense blue in color. Some of the Gentian species are also found in northwestern Africa, eastern Australia, and New Zealand. The Gentian root takes 7 to 10 growing seasons to mature. And its roots have large-scale application in many industries. In traditional medicine texts, Gentian-based products effectively treat disorders such as menstrual over-bleeding, injuries, vitiligo, animal venom poisoning, conjunctivitis, infected wounds, pain and swelling of liver, spleen, stomach, and stomach sprains of muscles. Some benefits are same in traditional and modernized medicine, such as anti-inflammatory and hepatoprotective effects, which increase demand for gentian. The global gentian market valued USD XX billion in 2020 and is estimated to reach USD XX billion by 2028, at a CAGR of XX% during the forecast period
Gentian is an herb extracted from roots of plants and bark (less commonly used) to make medicine and used for digestion problems such as loss of appetite, diarrhea, heartburn, vomiting, hysteria, fever, and high blood pressure. It is also used to prevent muscle spasms, worms and germ killer. It is applied to skin for treating wounds and cancer. It is also blended with European elderflower, verbena, cowslip flower, and sorrel to treat sinus infections. It is used in combination with other products for malaria. In foods and beverages, It is used as an ingredient and also used in cosmetic products. A plant belonging to genus Gentiana is well-known for its pharmacological activities and distinct chemical constituents. Its roots are very effective for improving appetite, which further increases market's demand.
However, gentian is considered safe for people when taken orally in small quantities as part of a combination product. Although not all side effects are known to date and research is still ongoing, typical side effects include stomach discomfort and skin rash. Patients are advised to avoid utilization of Gentian with herbal/health supplements, such as fish oil, casein peptides, cat's claw, L-arginine and lycium since it can lower blood pressure. Gentian, such as white hellebore, is highly toxic and accidentally produces poisoning when used in homemade preparations. There is limited information on gentian regarding its safety when used solely in medicines compared to part of the combination product. Also, use of gentian during pregnancy and breastfeeding is still unknown.
Gentiana lutea Lin., generally known as yellow gentian, bitterroot and bitterwort belonging to family Gentianaceae, is a standard traditional medicine readily found in hilly areas of Japan, Europe and adjoining regions. Its medicinal properties are also specified in Ayurveda hence used in India. The plant is described to maintain antioxidant, anti-inflammatory, stomachic, antifungal appetizer and immunomodulatory properties. Gentiana lutea is a vital source of bitter phytoconstituents such as amarogentin, gentiopicrinor, gentiolutelin, gentiopicroside and gentioluteol, gentanine, amaroswerin, gentioside, including a new iridoid named gentiolutelin. Traditionally the plant is used as a stomachic tonic, bitter tonic, dyspepsia, gastric inefficiency in infants, digestive tonic, catarrhal diarrhea, anemia and malarial disease.
Pharmaceutical segment is expected to dominate the gentian market in the year 2020. In pharmaceutical industry, Gentian is used specifically protect the liver, stimulate its function, help regenerate its cells, and increase the flow of bile. It is used to treat Anemia, where the Gentian root is used to speed up illness recovery time because of its ability to increase energy levels and help activate the function of many of the body's systems. Its roots are used to help treat cold and fever and provide sore throat relief. It can also be used to treat muscle spasms, headaches, convulsions, and delirium. In traditional herbal medicine, it is used to treat physical and mental exhaustion. All these above-mentioned factors can help drive its demand, especially in pharmaceutical industry.
The Gentian herb has been used in European herbal medicine throughout the 2200 years since its discovery. On the other hand, Europe has higher value share in global Liqueur market. And most of the Liqueur products are made of Gentian or Gentian roots. For instance, French Liqueur Suze is made of Gentian. Moreover, it is the prime ingredient for Italian liqueur Aperol. Owing to its large-scale application in pharmaceutical and alcoholic beverages industries, the European market is being anticipated to have higher value share in global Gentian market. Gentian grows in mountainous regions such as Alps, massif central Jura, Pyrenees and Vosges of Europe region.
The gentian market is moderately competitive with global and local companies. Some key companies contributing to market growth include DLC laboratories, Bell's Healthcare, Nature's Answer, The Bach Centre, APC Pure, Swanson Health Products, and Vital Nutrients among others. The major companies are assuming numerous growth strategies such as product launches, acquisitions, and collaborations, contributing to gentian growth globally.
Due to the pandemic, governments across various countries have put lockdowns to stop the spread of covid-19. Furthermore, major countries have put restriction on import-export due to which supplies of products were affected drastically. Due to lockdown demand of herbs declined, as population is giving preference to essential products and using immunity booster products that they can service from the virus. People are taking medications prescribed by the doctor and are not experimenting on herbs; thus, demand of gentian is declined compared to the pre-covid scenario.