PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446981
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446981
Tongkat Ali Extract Market Forecasts to 2030 - Global Analysis By Product Type (Tablets, Powder and Capsules), Distribution Channel (Direct Sales, Online Retail, Specialty Stores and Pharmacies), Application and By Geography
According to Stratistics MRC, the Global Tongkat Ali Extract Market is accounted for $218 million in 2023 and is expected to reach $398.51 million by 2030 growing at a CAGR of 9.0% during the forecast period. Tongkat Ali extract is derived from the roots of the Eurycoma longifolia tree, native to Southeast Asia, also known as Malaysian ginseng or Longjack, it has been used for centuries in traditional medicine for various purposes. Tongkat Ali extract is rich in bioactive compounds, including quassinoids and eurycomanone, which are believed to confer its medicinal properties. It's traditionally used as an aphrodisiac, believed to improve sexual desire and performance in both men and women. Tongkat Ali is reputed to increase testosterone levels, which may have benefits for muscle growth, athletic performance, and overall vitality.
Market Dynamics:
Driver:
Rising demand for natural and herbal remedies
Tongkat Ali is renowned for its medicinal properties and traditional use in Southeast Asian herbal medicine. As consumers increasingly seek natural alternatives for health and wellness, Tongkat Ali extract has gained popularity for its purported benefits in enhancing libido, improving energy levels, and supporting overall vitality. Moreover, the rising awareness of the potential side effects of synthetic supplements has further fueled the demand for natural remedies like Tongkat Ali extract, driving market growth in the health and wellness sector.
Restraint:
Limited supply
Tongkat Ali, a slow-growing plant native to Southeast Asia, requires specific conditions to thrive, resulting in constrained availability and harvest volumes. This scarcity leads to supply shortages, higher prices, and challenges in meeting growing demand. Also, unsustainable harvesting practices and habitat loss further exacerbate supply limitations, threatening the long-term viability of Tongkat Ali extract production.
Opportunity:
Rising awareness of the health benefits of Tongkat Ali
As consumers increasingly seek natural solutions for health and wellness, tongkat Ali's reputed benefits, such as enhancing libido, improving sports performance, and boosting energy levels, gain traction. This heightened awareness not only drives demand for Tongkat Ali extract but also encourages product innovation and market expansion. By capitalising on this trend, companies can leverage the growing interest in natural supplements to foster consumer trust and drive sales in both existing and new markets.
Threat:
Sustainability challenges
Overharvesting of Tongkat Ali plants from their natural habitats can lead to ecological imbalances, habitat destruction, and loss of biodiversity. Unsustainable cultivation practices, such as deforestation and monoculture farming, further exacerbate environmental degradation and threaten the long-term viability of Tongkat Ali extract production. Also, inadequate regulation and enforcement of sustainable harvesting practices contribute to ecosystem depletion and habitat loss.
Covid-19 Impact
The COVID-19 pandemic has had both positive and negative impacts on the Tongkat Ali extract market. Initially, disruptions in supply chains and logistical challenges hampered production and distribution. However, increased consumer focus on health and immunity during the pandemic led to a surge in demand for natural supplements like Tongkat Ali extract. This heightened interest in health and wellness has driven market growth post-pandemic.
The powder segment is expected to be the largest during the forecast period
The powder segment is estimated to hold the largest share. This segment offers convenience and versatility, allowing for easy incorporation into various consumer products such as supplements, beverages, and functional foods. Tongkat Ali extract powder retains the bioactive compounds and purported health benefits of the herb, including potential aphrodisiac properties and energy-boosting effects. Consumers may prefer powdered Tongkat Ali extract for its convenience in dosage control and its ability to be mixed into different formulations, making it a popular choice in the health and wellness industry.
The pharmaceuticals segment is expected to have the highest CAGR during the forecast period
The pharmaceuticals segment is anticipated to have lucrative growth during the forecast period. Tongkat Ali extract has gained attention for its potential health benefits, including improving libido, enhancing sports performance, and boosting energy levels. Pharmaceutical companies may use Tongkat Ali extract as an active ingredient in formulations for conditions such as erectile dysfunction, fatigue, and age-related decline in vitality. Moreover, research into the efficacy and safety of Tongkat Ali extract continues, with pharmaceutical applications aiming to harness its bioactive compounds for medicinal purposes, potentially leading to the development of novel therapeutic agents.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to the herb's traditional use and cultural significance in countries like Malaysia, Indonesia, and Thailand. This region accounts for a substantial portion of Tongkat Ali production and consumption globally. Increasing awareness of the herb's potential health benefits, coupled with rising disposable incomes and growing demand for natural supplements, drives market growth in Asia Pacific. Additionally, the region's favourable regulatory environment for herbal products and ongoing research into Tongkat Ali's therapeutic properties further stimulate market expansion.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period, owing to increasing consumer interest in natural health supplements and botanical remedies. Moreover, the demand is fuelled by factors such as rising awareness of Tongkat Ali's purported benefits for libido enhancement, athletic performance, and energy levels. In addition, the region's robust regulatory framework for dietary supplements and the presence of established distribution channels contribute to market expansion. As a result, North America presents significant opportunities for companies operating in the Tongkat Ali extract market.
Key players in the market
Some of the key players in the Tongkat Ali Extract Market include Xian Tonking Biotech, Changsha Nulant Chem, SanHerb, Guangzhou Phytochem Sciences, Xi'an Lyphar Biotech, Xi'an Arisun ChemPharm, Two Blue Diamonds, Kuber Impex, Nutragreenlife Biotechnology Co.,Ltd, LJack (M) Sdn Bhd, FZBIOTECH, Beton Nutrition Corporation, RD Health Ingredients and Tianjin Liesi International Trading Co.,Ltd.
Key Developments:
In September 2023, Beton Nutrition Corporation has announced that it has successfully exported a batch of high-quality fish oil to Ukraine. Fish oil is a high-quality nutritional and health product. Deep-sea fish oil rich in omega-3 fatty acids and DHA/EPA is a natural health food that has excellent health effects on cardiovascular, joints, brain and eyes.
In February 2023, Beton Nutrition Corporation has announced that it has delivered 200 kg of hydroxytyrosol to Ireland. HXT, or hydroxytyrosol, is a potent antioxidant. The body can benefit from this natural polyphenol in a variety of ways, including heart health, brain health, and anti-aging.
Product Types Covered:
- Tablets
- Powder
- Capsules
Distribution Channels Covered:
- Direct Sales
- Online Retail
- Specialty Stores
- Pharmacies
Applications Covered:
- Beverages
- Pharmaceuticals
- Cosmetics
- Neutraceuticals
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Tongkat Ali Extract Market, By Product Type
- 5.1 Introduction
- 5.2 Tablets
- 5.3 Powder
- 5.4 Capsules
6 Global Tongkat Ali Extract Market, By Distribution Channel
- 6.1 Introduction
- 6.2 Direct Sales
- 6.3 Online Retail
- 6.4 Specialty Stores
- 6.5 Pharmacies
7 Global Tongkat Ali Extract Market, By Application
- 7.1 Introduction
- 7.2 Beverages
- 7.3 Pharmaceuticals
- 7.4 Cosmetics
- 7.5 Neutraceuticals
- 7.6 Other Applications
8 Global Tongkat Ali Extract Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Xian Tonking Biotech
- 10.2 Changsha Nulant Chem
- 10.3 SanHerb
- 10.4 Guangzhou Phytochem Sciences
- 10.5 Xi'an Lyphar Biotech
- 10.6 Xi'an Arisun ChemPharm
- 10.7 TWO BLUE DIAMONDS
- 10.8 KUBER IMPEX
- 10.9 Nutragreenlife Biotechnology Co.,Ltd
- 10.10 LJack (M) Sdn Bhd
- 10.11 FZBIOTECH
- 10.12 Beton Nutrition Corporation
- 10.13 RD Health Ingredients
- 10.14 Tianjin Liesi International Trading Co.,Ltd
List of Tables
- Table 1 Global Tongkat Ali Extract Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 4 Global Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 5 Global Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 6 Global Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 7 Global Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 8 Global Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 9 Global Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 10 Global Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 11 Global Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 12 Global Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 13 Global Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 14 Global Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 15 Global Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 16 Global Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 17 North America Tongkat Ali Extract Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 19 North America Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 20 North America Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 21 North America Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 22 North America Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 23 North America Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 24 North America Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 25 North America Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 26 North America Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 27 North America Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 29 North America Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 30 North America Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 31 North America Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 32 North America Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 33 Europe Tongkat Ali Extract Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 35 Europe Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 36 Europe Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 37 Europe Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 38 Europe Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 39 Europe Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 40 Europe Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 41 Europe Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 42 Europe Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 43 Europe Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 44 Europe Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 45 Europe Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 46 Europe Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 47 Europe Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 48 Europe Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 49 Asia Pacific Tongkat Ali Extract Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 51 Asia Pacific Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 52 Asia Pacific Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 53 Asia Pacific Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 54 Asia Pacific Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 55 Asia Pacific Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 56 Asia Pacific Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 57 Asia Pacific Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 58 Asia Pacific Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 59 Asia Pacific Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 60 Asia Pacific Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 61 Asia Pacific Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 62 Asia Pacific Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 63 Asia Pacific Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 64 Asia Pacific Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 65 South America Tongkat Ali Extract Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 67 South America Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 68 South America Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 69 South America Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 70 South America Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 71 South America Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 72 South America Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 73 South America Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 74 South America Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 75 South America Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 76 South America Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 77 South America Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 78 South America Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 79 South America Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 80 South America Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 81 Middle East & Africa Tongkat Ali Extract Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Tongkat Ali Extract Market Outlook, By Product Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Tongkat Ali Extract Market Outlook, By Tablets (2021-2030) ($MN)
- Table 84 Middle East & Africa Tongkat Ali Extract Market Outlook, By Powder (2021-2030) ($MN)
- Table 85 Middle East & Africa Tongkat Ali Extract Market Outlook, By Capsules (2021-2030) ($MN)
- Table 86 Middle East & Africa Tongkat Ali Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 87 Middle East & Africa Tongkat Ali Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
- Table 88 Middle East & Africa Tongkat Ali Extract Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 89 Middle East & Africa Tongkat Ali Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 90 Middle East & Africa Tongkat Ali Extract Market Outlook, By Pharmacies (2021-2030) ($MN)
- Table 91 Middle East & Africa Tongkat Ali Extract Market Outlook, By Application (2021-2030) ($MN)
- Table 92 Middle East & Africa Tongkat Ali Extract Market Outlook, By Beverages (2021-2030) ($MN)
- Table 93 Middle East & Africa Tongkat Ali Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 94 Middle East & Africa Tongkat Ali Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 95 Middle East & Africa Tongkat Ali Extract Market Outlook, By Neutraceuticals (2021-2030) ($MN)
- Table 96 Middle East & Africa Tongkat Ali Extract Market Outlook, By Other Applications (2021-2030) ($MN)
