Maca Extract Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Gelatinized Maca Extract, Non-Gelatinized Maca Extract), By Application (Dietary Supplements, Food And Beverages, Cosmetics, Pharmaceuticals, Others), By Distribution Channel (Online, Offline), By Region, By Competition, 2018-2028

Industry : Consumer Goods and Retail
Pages : NA
Published Date : NA

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Summary

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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 55.4 Million
CAGR (2023-2028)	5.9%
Fastest Growing Segment	Food & Beverages
Largest Market	North America

Market Overview

Global Maca Extract Market was valued at USD 55.4 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.9% through 2028. The maca plant, also known as Lepidium mebenil, is a cruciferous vegetable native to the Andes Mountains of Peru. The root of the maca plant is used to make maca extract, which is a concentrated form of the plant's nutrients. Maca extract is rich in vitamins, minerals, and other bioactive compounds, and has been used in traditional Peruvian medicine for centuries. Maca extract is rich in vitamins, minerals, and other bioactive compounds. It is commonly used to improve energy levels, stamina, libido, and fertility. It is also used to boost the immune system, reduce stress and anxiety, and improve mood.

Key Market Drivers

Growing Demand for Natural and Plant-Based Supplements

The maca extract market has witnessed significant growth driven by the increasing demand for natural and plant-based supplements. In recent years, consumers have become more health-conscious and are actively seeking alternatives to synthetic and chemical-laden products. Maca, a natural root vegetable, fits into this trend perfectly. One of the key drivers in this regard is the shift towards preventive healthcare. Consumers are increasingly focused on maintaining good health and preventing diseases through dietary choices and lifestyle changes. Maca extract is perceived as a natural and holistic solution to various health issues, such as hormonal imbalances, fatigue, and low libido. This perception aligns with the broader trend of people taking proactive steps to improve their well-being.

Moreover, there is a growing distrust of pharmaceuticals and synthetic supplements due to concerns about side effects and long-term health impacts. As a result, consumers are turning to botanicals like maca as a safer and more sustainable alternative. They view maca extract as a natural remedy that has been used for centuries by indigenous populations without the negative side effects often associated with pharmaceutical drugs. Additionally, the rise of social media and online health and wellness communities has played a significant role in promoting maca extract as a natural supplement. Influencers and health advocates have shared their positive experiences with maca, which has contributed to its popularity. Consumers are increasingly influenced by peer testimonials and real-life success stories, which have contributed to the market's growth.

The demand for plant-based supplements is not limited to a specific age group or demographic. Both younger and older consumers are seeking natural solutions to health concerns. For example, millennials, who are known for their interest in health and wellness, are driving the demand for maca extract products. At the same time, older adults are using maca to address age-related health issues. In conclusion, the increasing demand for natural and plant-based supplements is a major driver of the maca extract market. Consumers' desire for holistic, safe, and effective health solutions has led to the widespread adoption of maca extract as a dietary supplement. This trend is likely to continue as consumers prioritize preventive healthcare and seek alternatives to synthetic pharmaceuticals.

Rising Awareness of Maca's Health Benefits

One of the primary drivers propelling the maca extract market is the rising awareness of its health benefits among consumers. Maca, also known as Lepidium meyenii, has been used for centuries by indigenous communities in the Andes mountains of South America for its potential therapeutic properties. Over the years, scientific research and anecdotal evidence have shed light on the various health benefits associated with maca extract. One of the key health benefits of maca is its potential to support hormonal balance. Maca is often referred to as an adaptogen, which means it may help the body adapt to stressors and regulate hormonal functions. This property makes it particularly appealing to individuals experiencing hormonal imbalances, such as menopausal women or those with thyroid issues.

Moreover, maca extract is believed to boost energy levels and combat fatigue. This attribute has garnered the attention of individuals seeking natural solutions to increase vitality and combat the stresses of modern life. Athletes and fitness enthusiasts also use maca as a natural energy booster without resorting to artificial stimulants. Another significant health benefit of maca is its potential to enhance sexual health and libido. This has made maca extract a popular choice among both men and women looking to improve their intimate relationships and address sexual health concerns. The potential aphrodisiac properties of maca have been a topic of interest in various studies and have contributed to its popularity.

Furthermore, maca extract is rich in nutrients, including vitamins and minerals, which are essential for overall health and well-being. It contains vitamins such as B1, B2, C, and E, as well as minerals like calcium, potassium, and iron. These nutritional components make maca a valuable addition to one's diet, especially for those looking to supplement their nutritional intake naturally. The rise of the health and wellness industry has played a pivotal role in spreading awareness about maca extract. As consumers become more health-conscious and proactive about their well-being, they actively seek information about natural remedies. This has led to an increase in online and offline discussions, articles, and studies about maca's health benefits.

In conclusion, the rising awareness of maca's health benefits is a significant driver of the maca extract market. As consumers become more educated about the potential therapeutic properties of maca, the demand for maca extract products is likely to continue to rise, particularly among those seeking natural and holistic health solutions.

Increasing Popularity of Herbal and Botanical Supplements

The maca extract market has experienced substantial growth due to the increasing popularity of herbal and botanical supplements. In recent years, there has been a notable shift in consumer preferences towards natural remedies and plant-based alternatives for health and wellness. This shift has created a favorable environment for the expansion of the maca extract market. One of the key drivers of this trend is the desire for holistic health solutions. Consumers are increasingly seeking products that address not only specific symptoms but also the underlying causes of health issues. Maca extract, with its potential to support hormonal balance, boost energy levels, and enhance overall well-being, aligns well with this holistic approach to health.

The perception of herbs and botanicals as gentle and natural remedies has also contributed to their popularity. Many consumers are concerned about the potential side effects and long-term consequences of pharmaceutical drugs. As a result, they are turning to herbal supplements like maca extract, which are often viewed as safer and more sustainable alternatives.

The broader wellness movement has played a significant role in promoting herbal and botanical supplements. Wellness influencers, natural health advocates, and fitness professionals often endorse and recommend products like maca extract to their followers. Social media platforms and online communities dedicated to health and wellness provide a platform for the dissemination of information and testimonials, further fueling interest in these supplements.

Additionally, the preference for clean and transparent labeling has become a prominent trend in the supplement industry. Consumers want to know what they are putting into their bodies and are drawn to products with simple, recognizable ingredients. Maca extract, derived from a single natural source, fits this criteria perfectly, making it an attractive choice for health-conscious consumers.

Furthermore, the demand for botanical supplements is not limited to a specific demographic. It spans across age groups, with both younger and older consumers seeking natural solutions. For example, millennials, who are known for their interest in health and wellness, are driving the demand for maca extract products. At the same time, older adults are turning to maca to address age-related health concerns.

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Key Market Challenges

Sustainability Concerns in Maca Cultivation

One of the significant challenges facing the maca extract market is sustainability concerns related to its cultivation. Maca (Lepidium meyenii) is native to the high-altitude regions of the Andes mountains in South America, primarily Peru. The plant has gained international popularity for its potential health benefits, leading to increased demand. However, this growing demand has raised concerns about the sustainability of maca cultivation for several reasons. Firstly, maca is typically grown at high altitudes in the Andes, where environmental conditions are harsh. Cultivating maca requires careful land management and conservation practices. The expansion of maca farming to meet global demand has led to deforestation and habitat disruption in these ecologically sensitive areas. Clearing land for maca cultivation can harm local ecosystems, including the flora and fauna that rely on these regions.

Secondly, maca is a slow-growing crop that can take several years to reach maturity. Overharvesting and improper farming practices can deplete the maca population in certain areas, leading to decreased yields and potential threats to its genetic diversity. Maintaining the long-term sustainability of maca cultivation while meeting market demand is a complex challenge. To address these sustainability concerns, there have been efforts to promote responsible farming practices. Organizations, including the Peruvian government and non-governmental organizations (NGOs), have worked to establish guidelines and regulations for maca cultivation. These efforts aim to balance the economic benefits of maca farming with the need to protect the environment and ensure the long-term viability of the crop.

In conclusion, sustainability concerns related to maca cultivation present a significant challenge for the maca extract market. Balancing the increasing global demand for maca with responsible farming practices and environmental preservation is essential for the long-term viability of the industry.

Adulteration and Mislabeling Issues

Adulteration and mislabeling have emerged as significant challenges in the maca extract market. As the demand for maca extract products has increased, so has the incentive for unscrupulous actors to engage in fraudulent practices. Adulteration refers to the act of adding cheaper or lower-quality ingredients to maca extracts, while mislabeling involves falsely representing the product's quality, purity, or origin. One common form of adulteration involves mixing maca extract with other substances, such as flour or starch, to increase product volume and reduce production costs. This dilution can significantly lower the concentration of active compounds in the final product, rendering it less effective and potentially harmful to consumers who expect the full benefits of maca.

Mislabeling can take several forms. Products may be labeled as containing a higher percentage of maca extract than they actually do. In some cases, the product may not contain maca extract at all, or it may be replaced with a lower-cost substitute. Such practices deceive consumers and harm the reputation of the maca extract market as a whole. These fraudulent activities can have serious consequences. Consumers who purchase adulterated or mislabeled maca extract products may not experience the expected health benefits, leading to disappointment and distrust in the industry. Additionally, there are potential health risks associated with consuming adulterated products, as unknown ingredients may be allergenic or harmful.

In conclusion, adulteration and mislabeling pose significant challenges to the maca extract market. Ensuring product authenticity, transparency in the supply chain, and adherence to regulatory standards are crucial steps in mitigating these challenges and maintaining consumer trust in maca extract products.

Key Market Trends

Growing Consumer Interest in Natural and Plant-Based Products

One of the prominent trends in the maca extract market is the increasing consumer interest in natural and plant-based products. This trend is driven by a growing awareness of health and wellness, as well as a desire for clean and sustainable dietary choices. Consumers are increasingly looking for alternatives to synthetic supplements and pharmaceuticals. They are seeking natural remedies that are perceived as safer and more in line with their holistic approach to health. Maca extract, derived from the root of the maca plant, is positioned well to meet this demand as it is viewed as a natural and plant-based solution.

This trend is also closely linked to the rise of the clean label movement, which emphasizes transparency and simplicity in product ingredients. Maca extract, being a single-ingredient product, aligns with the clean label philosophy, making it attractive to consumers who want to know exactly what they are putting into their bodies. Moreover, the plant-based diet trend has gained significant traction, with many consumers reducing their consumption of animal-based products in favor of plant-derived alternatives. Maca extract fits into this trend as a plant-based supplement, appealing to vegetarians, vegans, and those looking to incorporate more plant-based ingredients into their diets.

In conclusion, the growing consumer interest in natural and plant-based products is a significant trend in the maca extract market. This trend is likely to continue as consumers prioritize clean label products and seek natural alternatives to support their health and wellness goals.

Expansion of Maca Extract Applications Beyond Supplements

Another noteworthy trend in the maca extract market is the expansion of its applications beyond dietary supplements. While maca extract has traditionally been used as a supplement in the form of capsules or powders, it is now finding its way into various other industries, including food and beverages, cosmetics, and pharmaceuticals. One of the emerging trends is the incorporation of maca extract into functional foods and beverages. Manufacturers are adding maca extract to energy bars, smoothies, teas, and even baked goods to enhance their nutritional value and promote maca's potential health benefits. Maca extract is included in various cosmetic formulations, such as creams, serums, and shampoos, with claims of promoting skin elasticity, reducing wrinkles, and strengthening hair. Maca extract's potential therapeutic properties have attracted the attention of pharmaceutical companies. Research into maca's effects on conditions like hormonal imbalances and sexual dysfunction is ongoing. In conclusion, the expansion of maca extract applications beyond supplements is a significant trend in the market. Maca's versatility as an ingredient is driving its adoption in diverse industries, offering opportunities for growth and innovation.

Segmental Insights

Form Type Insights

By type, the market is segmented into Gelatinized maca extract and Non-gelatinized maca. Extract. Among which Gelatinized maca extract is accountable for largest market share in the maca extract market in 2022. Gelatinized maca extract is easier to digest and absorb than non-gelatinized maca extract. It is also more water soluble, making it easier to incorporate into food and beverage products.

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Regional Insights

The North American region is the largest market for maca extract, followed by Europe and Asia Pacific. The North American market is driven by the increasing awareness of the health benefits of maca extract and the growing demand for natural and organic products. The European market is driven by the rising popularity of plant-based diets and the increasing prevalence of infertility and sexual dysfunction. The Asia Pacific market is driven by the growing awareness of the health benefits of maca extract and the rising disposable incomes of consumers.

Recent Developments

In 2021 - Naturex’s unveiled the new product, branded Macador, which is extracted with water, and is said to be the first maca extract to be standardized to amino acids. It will be officially launched at SupplySide West in Las Vegas.
In 2019 - CWAY enters the energy drinks market with launch of MACA Energy drink. The company added that its primary target market are busy professionals, athletes, students of higher institutions, travelers, fun lovers, and more, as it helps to boost physical and mental activities.

Key Market Players

Navitas Organics
Maca Magic
Sun Potion
Gelatinized Maca
NOW Foods
Pure Encapsulations
Gaia Herbs
Swanson Health Products
Jarrow Formulas
Organic Traditions

By Type	By Application	By Distribution Channel	By Region
Gelatinized Maca Extract Non-Gelatinized Maca Extract	Dietary Supplements Food And Beverages Cosmetics Pharmaceuticals Others	Online Offline	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Maca Extract Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Maca Extract Market, By Type:

o Gelatinized Maca Extract

o Non-Gelatinized Maca Extract

Maca Extract Market, By Application:

o Dietary Supplements

o Food And Beverages

o Cosmetics

o Pharmaceuticals

o Others

Maca Extract Market, By Distribution Channel:

o Online

o Offline

Maca Extract Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Maca Extract Market.

Available Customizations:

Global Maca Extract market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Brand Awareness

4.2. Factors Influencing Purchase Decisions

4.3. Challenges Faced

5. Global Maca Extract Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Gelatinized Maca Extract, Non-Gelatinized Maca Extract)

5.2.2. By Form Market Share Analysis (Powder, Tablets, Capsules, Soft gels, Gummies)

5.2.3. By Distribution Channel Market Share Analysis (Online, Offline)

5.2.4. By Regional Market Share Analysis

5.2.4.1. North America Market Share Analysis

5.2.4.2. South America Market Share Analysis

5.2.4.3. Middle East & Africa Market Share Analysis

5.2.4.4. Europe Market Share Analysis

5.2.4.5. Asia-Pacific Market Share Analysis

5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)

5.3. Global Maca Extract Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Application Market Mapping & Opportunity Assessment

5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4. By Region Channel Market Mapping & Opportunity Assessment

6. North America Maca Extract Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis

6.2.2. By Application Market Share Analysis

6.2.3. By Distribution Channel Market Share Analysis

6.3. North America: Country Analysis

6.3.1. United States Maca Extract Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type Market Share Analysis

6.3.1.2.2. By Application Market Share Analysis

6.3.1.2.3. By Distribution Channel Market Share Analysis

6.3.2. Canada Maca Extract Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type Market Share Analysis

6.3.2.2.2. By Application Market Share Analysis

6.3.2.2.3. By Distribution Channel Market Share Analysis

6.3.3. Mexico Maca Extract Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type Market Share Analysis

6.3.3.2.2. By Application Market Share Analysis

6.3.3.2.3. By Distribution Channel Market Share Analysis

7. Europe Maca Extract Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis

7.2.2. By Application Market Share Analysis

7.2.3. By Distribution Channel Market Share Analysis

7.3. Europe: Country Analysis

7.3.1. Germany Maca Extract Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type Market Share Analysis

7.3.1.2.2. By Application Market Share Analysis

7.3.1.2.3. By Distribution Channel Market Share Analysis

7.3.2. United Kingdom Maca Extract Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type Market Share Analysis

7.3.2.2.2. By Application Market Share Analysis

7.3.2.2.3. By Distribution Channel Market Share Analysis

7.3.3. Italy Maca Extract Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecasty

7.3.3.2.1. By Type Market Share Analysis

7.3.3.2.2. By Application Market Share Analysis

7.3.3.2.3. By Distribution Channel Market Share Analysis

7.3.4. France Maca Extract Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type Market Share Analysis

7.3.4.2.2. By Application Market Share Analysis

7.3.4.2.3. By Distribution Channel Market Share Analysis

7.3.5. Spain Maca Extract Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type Market Share Analysis

7.3.5.2.2. By Application Market Share Analysis

7.3.5.2.3. By Distribution Channel Market Share Analysis

8. Asia-Pacific Maca Extract Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type Market Share Analysis

8.2.2. By Application Market Share Analysis

8.2.3. By Distribution Channel Market Share Analysis

8.3. Asia-Pacific: Country Analysis

8.3.1. China Maca Extract Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type Market Share Analysis

8.3.1.2.2. By Application Market Share Analysis

8.3.1.2.3. By Distribution Channel Market Share Analysis

8.3.2. India Maca Extract Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type Market Share Analysis

8.3.2.2.2. By Application Market Share Analysis

8.3.2.2.3. By Distribution Channel Market Share Analysis

8.3.3. Japan Maca Extract Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type Market Share Analysis

8.3.3.2.2. By Application Market Share Analysis

8.3.3.2.3. By Distribution Channel Market Share Analysis

8.3.4. South Korea Maca Extract Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type Market Share Analysis

8.3.4.2.2. By Application Market Share Analysis

8.3.4.2.3. By Distribution Channel Market Share Analysis

8.3.5. Australia Maca Extract Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type Market Share Analysis

8.3.5.2.2. By Application Market Share Analysis

8.3.5.2.3. By Distribution Channel Market Share Analysis

9. South America Maca Extract Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type Market Share Analysis

9.2.2. By Application Market Share Analysis

9.2.3. By Distribution Channel Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Maca Extract Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type Market Share Analysis

9.3.1.2.2. By Application Market Share Analysis

9.3.1.2.3. By Distribution Channel Market Share Analysis

9.3.2. Argentina Maca Extract Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type Market Share Analysis

9.3.2.2.2. By Application Market Share Analysis

9.3.2.2.3. By Distribution Channel Market Share Analysis

9.3.3. Colombia Maca Extract Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type Market Share Analysis

9.3.3.2.2. By Application Market Share Analysis

9.3.3.2.3. By Distribution Channel Market Share Analysis

10. Middle East and Africa Maca Extract Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Distribution Channel Market Share Analysis

10.3. MEA: Country Analysis

10.3.1. South Africa Maca Extract Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type Market Share Analysis

10.3.1.2.2. By Application Market Share Analysis

10.3.1.2.3. By Distribution Channel Market Share Analysis

10.3.2. Saudi Arabia Maca Extract Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type Market Share Analysis

10.3.2.2.2. By Application Market Share Analysis

10.3.2.2.3. By Distribution Channel Market Share Analysis

10.3.3. UAE Maca Extract Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type Market Share Analysis

10.3.3.2.2. By Application Market Share Analysis

10.3.3.2.3. By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1. Strength

13.2. Weakness

13.3. Opportunity

13.4. Threat

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Navitas Organics

14.1.1.1. Company Details

14.1.1.2. Products & Services

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Maca Magic

14.1.2.1. Company Details

14.1.2.2. Products & Services

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Sun Potion

14.1.3.1. Company Details

14.1.3.2. Products & Services

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. Gelatinized Maca

14.1.4.1. Company Details

14.1.4.2. Products & Services

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. NOW Foods

14.1.5.1. Company Details

14.1.5.2. Products & Services

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. Pure Encapsulations

14.1.6.1. Company Details

14.1.6.2. Products & Services

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Gaia Herbs

14.1.7.1. Company Details

14.1.7.2. Products & Services

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Swanson Health Products

14.1.8.1. Company Details

14.1.8.2. Products & Services

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. Jarrow Formulas

14.1.9.1. Company Details

14.1.9.2. Products & Services

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Organic Traditions

14.1.10.1. Company Details

14.1.10.2. Products & Services

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.2. Target Type

15.3. Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Maca Extract Market in 2022?

The market size of the Global Maca Extract Market was estimated to be USD 55.4 Million in 2022.

Which was the dominant segment by type in the Global Maca Extract Market in 2022?

The Gelatinized maca extract segment demonstrated significant dominance in 2022. Gelatinized maca extract is easier to digest and absorb than non-gelatinized maca extract. It is also more water soluble, making it easier to incorporate into food and beverage products.

Which is the dominant region in the Global Maca Extract Market?

North America dominated the market with a revenue share in 2022. The North American market is driven by the increasing awareness of the health benefits of maca extract and the growing demand for natural and organic products.

What are the major drivers for the Global Maca Extract Market?

Increasing awareness of the health benefits of maca extract, rising demand for natural and organic products are the major drivers for the Global Maca Extract Market.

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Parvati Sharma

Account Manager BD

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Press Release

Maca Extract Market to Grow with a CAGR of 5.9% Globally through to 2028

Nov, 2023

Increasing awareness of the health benefits of maca extract, growing popularity of plant-based diets are factors driving the Global Maca Extract market in the forecast period 2024-2028.