Cascara Sagrada Extract Market by Form (Capsule, Powder and Liquid)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33357
Newly-released Cascara Sagrada Extract Market analysis report by Persistence Market Research reveals that global sales of Cascara Sagrada Extract in 2022 were held at US$ 52.9 Million. With a 7.9% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 57.8 Million by the end of the forecast period. Cascara Sagrada Extract in the form of Capsules are expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 7.6% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Cascara Sagrada Extract Market Size (2023) | US$ 57.8 Million |
| Global Cascara Sagrada Extract Market Size (2033) | US$ 125 Million |
| Global Cascara Sagrada Extract Market CAGR (2023 to 2033) | 7.9% |
| United States Cascara Sagrada Extract Market CAGR (2023 to 2033) | 7.7% |
| Key Companies Covered |
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As per the Cascara Sagrada Extract market research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 8.6% CAGR. With an absolute dollar opportunity of US$ 67.3 Million, the market is projected to reach a US$ 125 Million valuation by 2033.
Cascara Sagrada is a shrub also known as Frangula Purshiana or “sacred bark”. It is mostly found in the western region of North America. This plant’s bark contains anthraquinones which makes it a laxative for constipation. It was available as an over-the-counter medication, but, since 2002 it is banned in the United States to be used as a laxative for constipation. However, it can be used as a dietary supplement, which is easily available online, as well as in offline stores like pharmacies.
They are sold in capsules, powder, and liquid form. It is recommended to use in case of extreme constipation for a limited period of time. It is also used in skin and hair treatment.
On average 16% of adults suffer from constipation, where this figure rises to 33.5% for adults aged 60 to 110 years. Constipation is more common in older people than younger people. Aging, insufficient fluid intake, ongoing medication, and lack of proper diet are the prominent causes of constipation in older people.
Increased intake of junk foods especially in developed nations has led to an increase in constipation medication demand. Cascara Sagrada extract being an herbal medication will be preferred by people as they are becoming more aware of the benefits of organic treatments. In addition, it can be easily purchased without prescriptions, which will act as an advantage for its demand.
Cascara Sagrada is also very beneficial in hair and skin treatment. According to the International Society of Hair Restoration Surgery, in the United States, around 35 million men and 21 million women are suffering from some kind of hair loss. Hectic lifestyle and chemical-induced hair products are the prominent reasons behind it.
Nowadays people are more inclined toward the use of herbal products as they have no side effects. Owing to these figures we can see that the prevalence of both conditions is increasing which will lead to a surge in Cascara Sagrada extract demand.
Europe had a market size of US$ 25.9 Million in 2022. It is projected that the region will have a market for Cascara Sagrada Extract worth US$ 61.1 Million in 2033.
Due to the ban on cascara sagrada laxatives, there are very few companies that produce products made from its extract. There is a fear created regarding its use as a laxative due to which there are very few players. But the spread of information through the internet is reducing this stigma. Therefore, there is a chance for new entrants as well as for existing market players.
Developed nations are witnessing a rise in the demand for natural medicines due to the growing awareness of them. Thus, regions like Europe can be a perspective market for cascara sagrada extract demand.
United States Cascara Sagrada Extract Market Analysis:
The market in the United States is expected to grow to be worth US$ 17.2 Million with an absolute dollar growth of US$ 9.1 Million from 2023 to 2033. The market in the country has grown at a CAGR of 5.5% from 2018 to 2022 and is expected to grow at a CAGR of 7.7% from 2023 to 2033.
On average, about four million people suffer from constipation frequently in the United States. Whereas constipation leads to 2.5 million doctor visits annually, it is one of the most common gastrointestinal complaints. The prevalence of constipation is increasing due to frequent intake of junk food and less body movement. Thus, it is very common in developed nations. Due to this, the United States can be a perspective market for cascara sagrada extract.
United Kingdom Cascara Sagrada Extract Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 8 Million with an absolute dollar growth of US$ 3.7 Million from 2023 to 2033. The market in the country has grown at a CAGR of 4.1% from 2018 to 2022 and is expected to grow at a CAGR of 6.4% from 2023 to 2033.
Increasing pollution and chemical content in hair care products are leading to several hair-related issues. With the increasing awareness of the harmful effects of these hair products, people are more oriented toward herbal or chemical-free products, especially in developed nations like the United Kingdom.
Cascara Sagrada extract promotes hair growth and prevents dandruff and lice. Being totally natural it does not have any side effects. Thus, if more research is done on its beneficial effects then it might contribute significantly to this market.
China Cascara Sagrada Extract Analysis:
The market in China is expected to grow to be worth US$ 13.7 Million with an absolute dollar growth of US$ 8.2 Million from 2023 to 2033. The market in China has grown at a CAGR of 10.8% from 2018 to 2022 and is expected to grow at a CAGR of 9.5% from 2023 to 2033.
The world's prominent senior population is found in China. In the 65 and over age bracket, there were around 254 million individuals. By 2040, this figure is projected to rise to 402 million, or nearly 28% of the population. Decreased mobility is the main cause of constipation among elderly people.
Compared to younger people the older suffer through this condition the most. As China has the largest old population the number of people suffering from constipation is also expected to increase. This can lead to a surge in demand for cascara sagrada extract.
Japan Cascara Sagrada Extract Analysis:
In Japan, the market is expected to grow to be worth US$ 8.4 Million with an absolute dollar growth of US$ 4.6 Million from 2023 to 2033. The market in Japan has grown at a CAGR of 8.9% from 2018 to 2022 and is expected to grow at a CAGR of 8.3% from 2023 to 2033.
The rate of constipation is high in older people in Japan. An unbalanced diet, low liquid intake, and less mobility lead to constipation in older people. Also, many medicines have constipation as a side effect. Thus, countries with a significantly older population will largely contribute to the market. For instance, in Japan, the population over 65 is rapidly growing. As of 2021, there were 36.2 million people aged 65 and over in Japan which is a record high of 28.9% of the country's population.
Which form of Cascara Sagrada Extract is projected to Witness Significant Growth?
The demand for Cascara Sagrada Extract in the form of Capsules is projected to witness significant growth as it reported a CAGR of 8.4% from 2018 to 2022 and is expected to grow at a CAGR of 7.6% from 2023 to 2033.
The capsules are made from the powder obtained from the bark of Cascara Sagrada. It is sold as a dietary supplement over the counter. As capsules have high bioavailability compared to their powder and liquid form and also as their absorption rate is higher, they are more effective. The outer layer is vegan-friendly as it is made from cellulose obtained from vegetables. As capsules of the Cascara Sagrada Extract are used to treat extreme constipation, it contributes significantly to its growth.
Which application of Cascara Sagrada Extract is expected to be most lucrative?
The application of Cascara Sagrada Extract in Dietary Supplements is projected to witness significant growth as it has showcased a rise of 8.4% from 2018 to 2022 and is expected to grow at a CAGR of 7.7% from 2023 to 2033.
Dietary supplements are available in many forms such as capsules, tablets, powder, and liquid. Dietary supplements are products that are used to supplement the diet with at least one vitamin, amino acids, and minerals. People are becoming more aware of their health and thus they prefer such dietary supplements so that they get all the essential nutrients. Cascara Sagrada is an over-the-counter supplement; people are likely to use them on regular basis to keep their digestive system healthy.
Key players in the Cascara Sagrada Extract Market are Now Foods, Nutricargo LLC, Nature's way, Swanson Health Product, Jhactions Homoeo, Solaray, Nature's Sunshine Products, Oregon's Wild Harvest, Natural Factors, and Terravita.
One of the key developments in the market is:
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The Cascara Sagrada Extract was valued at US$ 52.9 Million in 2022.
The Cascara Sagrada Extract is estimated to be valued at US$ 57.8 Million in 2023.
The market is expected to reach a US$ 125 Million valuation by 2033.
The global absolute market growth from 2023 to 2033 is US$ 67.3 Million.
The Cascara Sagrada Extract registered a CAGR of 8.6% over the last 4 years.
The Cascara Sagrada Extract is projected to witness a CAGR of 7.9% from 2023 to 2033.
Cascara Sagrada Capsules are expected to garner a significant value share by 2023.
Cascara sagrada application in Dietary supplements is expected to garner a significant value share by 2023.
The United States is projected to witness a market size of US$ 17.2 Million and is expected to grow at a 7.9% CAGR from 2023 to 2033.
Now Foods, Nutricargo LLC, Nature's way, Swanson Health Product, Jhactions Homoeo, Solaray, Nature's Sunshine Products, Oregon's Wild Harvest, Natural Factors and Terravita.
