PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1533702
PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1533702
Global Brahmi Market to Reach US$280.1 Million by 2030
The global market for Brahmi estimated at US$174.6 Million in the year 2023, is expected to reach US$280.1 Million by 2030, growing at a CAGR of 7.0% over the analysis period 2023-2030. Powders Form Brahmi, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$124.0 Million by the end of the analysis period. Growth in the Capsules & Tablets Form Brahmi segment is estimated at 6.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$47.6 Million While China is Forecast to Grow at 11.2% CAGR
The Brahmi market in the U.S. is estimated at US$47.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$61.8 Million by the year 2030 trailing a CAGR of 11.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Global Brahmi Market - Key Drivers and Trends Summarized
Brahmi, scientifically known as Bacopa monnieri, is a traditional medicinal herb revered in Ayurvedic medicine for its potential cognitive and health benefits. This small, creeping herb is native to wetlands in India and other parts of Asia and has been used for centuries to enhance memory, reduce anxiety, and treat various ailments. The active compounds in Brahmi, known as bacosides, are believed to have neuroprotective properties, which contribute to its popularity as a supplement for improving brain function and overall mental health. Brahmi is available in various forms, including capsules, powders, and teas, catering to diverse consumer preferences.
The market for Brahmi has expanded significantly in recent years, driven by growing consumer interest in natural and holistic health solutions. Research studies supporting the cognitive benefits of Brahmi have bolstered its reputation, leading to increased adoption among health-conscious individuals and those seeking alternatives to conventional pharmaceuticals. Additionally, the global wellness trend has amplified the demand for herbal supplements, with Brahmi being prominently featured due to its long-standing use in traditional medicine. Companies are investing in high-quality Brahmi products, ensuring they are free from contaminants and standardized for consistent potency. Furthermore, the integration of Brahmi into functional foods and beverages is an emerging trend, offering consumers convenient ways to incorporate this beneficial herb into their daily routines.
The growth in the Brahmi market is driven by several factors. Firstly, the rising awareness and acceptance of Ayurvedic and herbal medicine worldwide have significantly boosted the demand for Brahmi as a natural cognitive enhancer. Secondly, the increasing prevalence of cognitive disorders, such as Alzheimer's disease and other forms of dementia, has led to a greater interest in preventive measures and treatments, including the use of Brahmi supplements. Additionally, advancements in extraction and formulation technologies have improved the efficacy and accessibility of Brahmi products. The expansion of e-commerce platforms has also facilitated the global distribution and availability of Brahmi supplements, making it easier for consumers to access these products. Moreover, strategic marketing efforts highlighting the scientific validation of Brahmi's benefits have attracted a broader consumer base, including those who may have been skeptical of herbal supplements. Finally, the growing trend of mental wellness and self-care has further driven the market, as individuals increasingly seek natural ways to enhance their cognitive health and overall well-being.
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