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Kigelia Market Size
- Report ID: GMI6615
- Published Date: Sep 2023
- Report Format: PDF
Kigelia Market Size
Kigelia Market size was valued at around USD 450 million in 2022 and is anticipated to grow at a CAGR of 4.8% between 2023 and 2032. Kigelia has a long history of traditional use in African communities for treating various skin conditions, wounds, and other health issues. The demand is often driven by the continuation of these traditional practices.
Extracts from Kigelia fruits are believed to have skin-firming and rejuvenating properties. As the demand for natural and botanical-based skincare products increases, Kigelia extracts are being incorporated into creams, serums, and lotions. Kigelia extracts are often marketed for their potential to promote skin elasticity and reduce signs of aging, making them attractive to consumers looking for anti-aging solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Kigelia Market Size in 2022: | USD 450 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.8% |
| 2032 Value Projection: | USD 720.9 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 246 |
| Segments covered: | Grade, Function, Application, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Kigelia trees grow in specific regions, and overharvesting can threaten their populations. Maintaining consistent quality and potency of Kigelia extracts can be challenging due to natural variations in plant materials. Extracting and formulating Kigelia's active compounds while preserving their efficacy can be technically demanding. Thus, the risks associated with Kigelia may drive down the acceptance rate, further hampering the business growth.
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Kigelia Market Scope
