Velvet Bean Extract Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026


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Velvet Bean Extract market Outlook:

Mucuna pruriens commonly known as Velvet bean is a medicinal plant belonging to the Leguminosae family. It is a tropical crop native to Southeast Asia. The velvet bean extract is obtained from nature’s one of the most interesting and unusual medicinal beans. The velvet bean extract market is anticipated to witness a growing demand over the forecast period owing to the increasing use of the extract in the treatment of a plethora of diseases and ailments. The velvet bean extract is used in the treatment of infertility in males by enhancing sexual drive, nervous disorders like tension, lack of concentration, and improving mood. The primary use of velvet bean extract is in the treatment of Parkinson’s disease due to the presence of high level of L-Dopa. The velvet bean extract also has many preventive, curative, and healing properties like antioxidant, anti-inflammatory, antitumor, anti-leukemic, anti-diabetic, estrogenic, antiviral, and antiseptic properties. The velvet bean extract is very popular among, and athletes as the extract is used to reduce excess fat, boost the energy and concentration levels which add-ons to the overall performance and efficiency of the athletes. The velvet bean extract is also used in the food and animal feed industry.

 Pharmacological and Medical Proficiency open the door for Velvet Bean Extract:

The market for velvet bean extract is expected to witness a growing demand over the forecast period owing to the therapeutic and medical proficiency of the extract in many diseases and ailment. The velvet bean extract has neuroprotective effects and is used primarily in the treatment of Parkinson’s disease. Besides, many pharmacological activities like anti-venom, anti-microbial, neuroprotective, anti-diabetic, and anti-oxidant activities associated with velvet bean extract is expected to propel the demand for the extract further. The need for velvet bean extract is anticipated to increase due to increasing neurological disorders among population due to busy lifestyles and growing competition. Also, the extract is popular among the bodybuilders and athletes as the vanilla bean extract is used to increase the energy and reduce the body weight while improving the concentration level of the person. The demand for the velvet bean extract will also boost owing to its potential capability in the treatment of male infertility low sperm count, and low libido levels.

Velvet Bean Extract market: Market Segmentation

On the basis of nature, the Global Velvet Bean Extract market has been segmented as:

  • Organic
  • Conventional

On the basis of form, the Global Velvet Bean Extract market has been segmented as:

  • Liquid
  • Powder

On the basis of application, the Global Velvet Bean Extract market has been segmented as:

  • Food industry
  • Animal feed
  • Pharmaceutical and Nutraceutical
  • Dietary supplement
  • Others

On the basis of distribution channel, the Global Velvet Bean Extract market has been segmented as:

  • Direct
  • Indirect
    • Drug stores
    • Speciality stores
    • Online retailers

On the basis of region, the Global Velvet Bean Extract market has been segmented as:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • The Middle East & Africa

Global Velvet Bean Extract market: Market Participants

The key market participants identified across the value chain of the global Velvet Bean Extract market are: The Himalaya Drug Company, Shenzhen Jiachen Biotechnology Co., LTD., Sun Potion Transformational Foods, Banyan Botanicals, and THE GROVE

Opportunities for Velvet Bean Extract market:

The market for velvet bean extract will witness a growing demand owing to its potential capability in the treatment of Parkinson’s disease. The Parkinson’s disease is the second most common neurodegenerative disease, and about 10 million people across the globe suffer from this disorder. The demand for velvet bean extract will boost in developed regions like North America and Europe where consumers are more health conscious and prefer proper medical and pharmacological treatment of the ailment. The velvet bean extract will find good opportunity among bodybuilders and sportsperson as the extract helps the athletes to maintain an appropriate concentration level, body weight, and body energy. Further, the demand for velvet bean extract will boost the growing market for dietary supplements over the forecast period. The increasing potency of velvet bean extract in the treatment of male infertility and as an aphrodisiac is further providing a thrust to the demand for the extract.

Brief Approach to Research Velvet Bean Extract Market:

A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes 

Key Data Points Covered in the Report -

Some of the key data points covered in our report on include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major participants in market
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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