Global Stinging Nettle Root Extract Market by Form (Capsules, Powder)
Industry: Food and Beverages
Published Date: April-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33405
Newly-released Stinging Nettle Root Extract Market analysis report by Persistence Market Research reveals that global sales of Stinging Nettle Root Extract in 2022 were held at US$ 58.2 Million. With a projected CAGR of 4.9% from 2023 to 2033, the market is expected to reach a valuation of US$ 118 Million by the end of the forecast period. Stinging Nettle Root Extract in Capsules form is expected to be the significant revenue-generating segment, projected to grow at a CAGR of over 6.8% from 2023 to 2033.
| Attributes | Details |
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Global Stinging Nettle Root Extract Market Size (2023) |
US$ 60 Million |
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Global Stinging Nettle Root Extract Market Size (2033) |
US$ 118 Million |
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Global Stinging Nettle Root Extract Market CAGR (2023-2033) |
7% |
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United States Stinging Nettle Root Extract Market CAGR (2023 – 2033) |
5.9% |
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Key Companies Covered |
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As per the Stinging Nettle Root 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 4.9% CAGR. With an absolute dollar opportunity of US$ 58 Million from 2023 to 2033. The market is projected to reach a US$ 118 Million valuation by 2033.
The stinging nettle is native to Asia and Europe but is now found worldwide. The leaves and stems of this plant are covered with hairs called trichomes. On touching this plant, this trichomes releases a chemical that is painful and tingling. But due to the same chemical, they act as a pain reliever when coming in contact with a painful area. Stinging nettle is a medicinal plant used from ancient times to treat arthritis, anemia, gout, and eczema. It also helps eliminate excess water from the body.
Nowadays they are used in the treatment of urinary tract infections, hay fever, and enlarged prostate. The roots contain phytosterols which help in the treatment of benign prostatic hyperplasia, high blood pressure, and osteoarthritis.
Benign prostatic hyperplasia is a urological disease that is common among older men. It causes enlargement of prostate glands, which may lead to blocking urine flow out of the bladder, kidney damage, or urinary tract infection. In 2019, there were around 94 million cases of benign prostatic hyperplasia compared to 51.1 million cases in 2000 globally, which is an increase of about 70.5%. This figure shows that the cases of benign prostatic hyperplasia are increasing globally at an alarming rate. This rate is high in middle and low-income countries as they are undergoing rapid change. As the grey population is increasing, there is a high chance that this incidence of diseases may also rise.
Herbal tea is also prepared using the leaves of stinging nettle. This tea helps in regulating the blood sugar level and blood pressure, reduces premenstrual symptoms, increases fertility, and can also be used as anti-aging. It can be a potential healthy alternative to regular tea or green tea. In the past few years, as people are becoming more conscious about their health, they are trying to shift from an unhealthy diet to a nutritionally rich diet mainly having organic or herbal products. Thus, stinging nettle tea can see increased demand in the coming years due to its herbal properties.
North America had a Stinging Nettle Root Extract market size of US$ 23.4 Million in 2022 and it is projected to be a market worth US$ 47.4 Million by 2033.
Stinging Nettle Root Extract is a rich source of iron, minerals, potassium, and vitamins A and C. This extract is used in the treatment of high blood pressure. High blood pressure or hypertension is the leading cause of many cardiovascular diseases. In 2021, around 17.7% of Canadians were diagnosed with high blood pressure. Hypertension is among the prominent factors leading to deaths, years of life lost, and disability-adjusted life years in Canada. Stinging Nettle Root Extract maintains blood pressure levels, hence its demand is projected to upscale in the forthcoming years.
United States Stinging Nettle Root Extract Market Analysis:
The market in the United States is expected to grow to be worth US$ 37 Million with an absolute dollar growth of US$ 16.1 Million from 2023 to 2033. The market in the country has grown at a CAGR of 3.5% from 2018 to 2022 and is expected to grow at a CAGR of 5.9% from 2023 to 2033.
The stinging nettle is native to Europe and Asia but has been introduced and utilized in many parts of the world, including the United States. In the U.S., it is commonly found in the Pacific Northwest, California, and the Northeast. In the U.S., stinging nettle is primarily used for its health benefits as an herbal remedy. It is commonly used as a tea, tincture, or capsule and is said to have anti-inflammatory, pain-relieving, and diuretic properties. Stinging nettle is a valuable plant for both health and culinary purposes. Thus, the U.S. can be a prospective market for stinging nettle tea.
United Kingdom Stinging Nettle Root Extract Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 5.5 Million with an absolute dollar growth of US$ 2.5 Million from 2023 to 2033. The market in the country has grown at a CAGR of 3.8% from 2018 to 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033.
Stinging Nettle Root Extract also produces essential oils for hair and skin treatment. Manufacturers of hair and skin products are concentrating more on the production of natural products due to the increased consumer preference for herbal and natural personal care products, especially in developed nations like the U.K. The various health benefits of essential oils made from nettle extract will lead to increased demand in the market.
China Stinging Nettle Root Extract Market Analysis:
The market in China is expected to grow to be worth US$ 10.1 Million with an absolute dollar growth of US$ 5.4 Million from 2023 to 2033. The market in the country has grown at a CAGR of 6.4% from 2018 to 2022 and is expected to grow at a CAGR of 8% from 2023 to 2033.
Tea is one of the most prominently consumed beverages globally. Around 7 billion kilograms of tea was consumed globally in 2021. More than one-third of this was cultivated in China. Tea is a part of the daily routine for Chinese people. Alike India, they consume tea for medicinal purposes. Due to China’s large older population as well as its tea preference, it can be a prospective market for stinging nettle tea.
Japan Stinging Nettle Root Extract Market Analysis:
The market in Japan is expected to grow to be worth US$ 8.5 Million with an absolute dollar growth of US$ 4 Million from 2023 to 2033. The market in the country has grown at a CAGR of 4.2% from 2018 to 2022 and is expected to grow at a CAGR of 6.4% from 2023 to 2033.
Japan has a record-high grey population which is almost 29% of the total population. This account for about 36.21 million people and this number is going to increase in the coming few years. As the prevalence of benign prostatic hyperplasia is more among older people, japan is likely to have a significant number of patients suffering from this disease. If Stinging Nettle Root Extract supplements successfully cure this disease then it is expected to see a demand in the Japanese market.
Which form of Stinging Nettle Root Extract is projected to Witness the Fastest Growth?
Capsules of Stinging Nettle Root Extract are projected to witness the fastest growth as it has grown at a CAGR of 4.8% from 2018 to 2022 and is expected to grow at a CAGR of 6.8% from 2023 to 2033.
The capsules are made from the powder obtained from the dried stinging nettle roots. It is sold as a dietary supplement over the counter. Capsules have high bioavailability and also a high absorption rate. They are tasteless and also easy to carry compared to liquids. Capsules of the Stinging Nettle Root Extract are used to treat an enlarged prostate or to help release the excess water from the body. These reasons contribute significantly to the growth in its demand.
Which application of Stinging Nettle Root Extract is projected to Witness Significant Growth?
Application of Stinging Nettle Root Extract in the Pharmaceutical industry is projected to witness significant growth with a CAGR of 6.4% from 2023 to 2033.
The Stinging Nettle Root Extract has immense application in the pharmaceutical industry. It helps to release toxins and excess water from the body. It is also used as a component in pain relief sprays and other products. Research and developments are still in the process to explore all its medicinal uses. Thus, its application in the pharmaceutical industry is expected to grow in the future.
Key players in the market are Now Foods, Aksuvital, Xi'an Lyphar Biotech, Alpspure Lifesciences Private Limited, Bio-Botanica, Charkit Chemical, Powerline Health, Zenith Nutrition, and Solaray.
Some of the recent developments in the Stinging Nettle Root Extract Market are:
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The Global market size of the Stinging Nettle Root Extract Market is worth US$ 60 Million in 2023.
The global market size of Stinging Nettle Root Extract is projected to witness a market size of US$ 118 Million in 2033.
The market growth of the Stinging Nettle Root Extract from 2023 to 2033 is projected to be 7%.
Capsules of Stinging Nettle Root Extract Market is projected to witness a significant demand by 2033 and is expected to grow at a CAGR of 6.8%.
The United States is projected to witness a market size of US$ 37 Million and is expected to grow at a 5.9% CAGR from 2023 to 2033.
The key companies in the market include Now Foods, Aksuvital, Xi'an Lyphar Biotech, Alpspure Lifesciences Private Limited, Bio-Botanica, Charkit Chemical, Powerline Health, Zenith Nutrition, and Solaray.
