The new report by Expert Market Research titled, ‘Global Tribulus Terrestris Extract Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global tribulus terrestris extract market, assessing the market based on its segments like origin, forms, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 8% (Plant Extract Market)
- Forecast Market Size (2026): USD 68 billion (Plant Extract Market)
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The tribulus terrestris extract market is being driven by the growing demand for natural ingredients in the nutraceuticals industry. The growing utilisation of tribulus terrestris to prepare dietary supplements is significantly contributing to the growth of the industry. This can be attributed to the increasing awareness regarding the health benefits of tribulus terrestris consumption, such as, improving endurance and muscle mass, enhancing libido in women and men, and others. Over the forecast period, the growing health awareness among consumers is expected to result in increased demand for products with natural and organically-sourced ingredients, thus, significantly enhancing the demand for natural ingredients like tribulus terrestris. This, coupled with the increasing investments in product marketing, is expected to aid the industry growth over the forecast period.
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Industry Definition and Major Segments
Tribulus terrestris, also known as puncture vine, is a small leafy plant that grows in many areas, including parts of Europe, Asia, Africa and the Middle East. It is one of the botanicals that have been used medicinally since ancient times owing to its various health benefits. The extracts of these plants are widely used in various supplements to promote strength and endurance.
By origin, the tribulus terrestris extract industry can be bifurcated into:
The various forms of the product in the market include:
Based on end use, the industry can be divided into:
- Dietary Supplement
The regional markets for tribulus terrestris extract include
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global tribulus terrestris extract market is expected to be driven by the growing consumer inclination towards plant-based and natural products. In addition to this, the preference for organic products is significantly growing among the health conscious customers. The growing influence of social media on consumer purchasing pattern is expected to further propel the industry forward. As a consequence, the manufacturers are increasingly investing in product marketing and expanding their global reach. This will be further supported by the growing R&D activities and new product launches by the key players in the forecast period.
Key Market Players
The major players in the market are The Green Labs LLC., Nutra Green Biotechnology Co.,Ltd., Foodchem International Corporation, Naturalin Bio-Resources Co., Ltd., and Arjuna Natural Pvt Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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