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Mulberry Leaf Extract Market Trends

Report ID: GMI1394
Published Date: Oct 2024
Report Format: PDF

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Mulberry Leaf Extract Market Trends

The mulberry leaf extract industry is witnessing significant growth, driven by increasing consumer demand for natural and herbal products, especially in B2B sectors like pharmaceuticals, nutraceuticals, and cosmetics. Key trends include the rising popularity of mulberry leaf extract as a natural ingredient in weight management and diabetes supplements due to its potential in regulating blood sugar levels. Innovation in extraction technologies, such as supercritical CO2 extraction, is enhancing product purity.

Additionally, efforts towards sustainability are evident, with companies adopting eco-friendly sourcing practices and focusing on organic farming to meet consumer preferences. The demand for plant-based materials and growing awareness of health benefits are pushing manufacturers to explore new applications, further expanding market potential.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of mulberry leaf extract reached USD 1.8 billion in 2023 and is set to grow at a 3.5% CAGR from 2024 to 2032, driven by rising demand for natural health supplements.

The dietary supplements segment was valued at USD 600 million in 2023 and is projected to grow at a 3.6% CAGR through 2032, led by increasing consumer awareness of its health benefits, particularly in managing blood sugar levels and improving cardiovascular health.

The direct sales segment was valued at USD 700 million in 2023 and is expected to grow at a 3.7% CAGR till 2032, fueled by the growing popularity of health and wellness products marketed through social selling platforms, including multi-level marketing (MLM) companies.

The U.S. market dominated around USD 241.2 million in 2023 and is poised to grow at a 3.1% CAGR till 2032, propelled by increasing awareness of natural supplements for managing blood sugar and weight loss in health-conscious states like California, New York, and Florida.

The industry features key players such as Botanic Healthcare, Foodchem International, Nans Products, Qingdao Beicheng Haiwo Traditional Chinese Medicine Biotechnology, Shaanxi Jintai Biological Engineering, SimSon Pharma.