Global Centella Asiatica Extract
Market Report
2024
Centella Asiatica Extract market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Centella Asiatica Extract market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
North America Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.2% |
Europe Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Asia Pacific Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
South America Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.4% |
Middle East and Africa Centella Asiatica Extract Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Centella Asiatica Extract Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Centella Asiatica Extract is a botanical ingredient derived from the Centella Asiatica plant. It is known for its skincare benefits, including anti-inflammatory, antioxidant, and wound-healing properties. It is commonly used in skincare products to improve skin texture, reduce redness, and promote overall skin health. The increasing consumer awareness about the health benefits, growing demand for natural and herbal skincare products, rising prevalence of skin disorders, expansion of the cosmetic and personal care industry, surge in research and development activities focused on exploring the medicinal properties, increasing adoption in the pharmaceutical industry, growing preference for natural ingredients among manufacturers of food and beverage products, expansion of distribution channels, rising disposable income levels and changing lifestyle patterns and increasing investments by key players are the major factors influencing the growth of the Centella Asiatica Extract Market.
The rising prevalence of skin disorders is creating a significant increase in global demand. Conditions such as acne, psoriasis, and dermatitis affect millions of people worldwide, leading to an increased demand for skincare products. Centella Asiatica Extract are known for its anti-inflammatory, wound-healing, and antioxidant properties, has gained place in the skincare industry due to its ability to address various skin concerns. As consumers become more conscious about the ingredients in their skincare products and seek natural remedies for skin issues, the demand for Centella Asiatica Extract as an active ingredient is expected to continue growing, driving market expansion.
The growing demand for natural and herbal skincare products aims to provide growth in the Market. Consumers are becoming increasingly conscious of the ingredients in their products and are opting for natural alternatives to synthetic chemicals. Centella Asiatica Extract, also known as Gotu Kola, is a botanical ingredient that has gained place for its numerous skincare benefits, including anti-inflammatory, antioxidant, and wound-healing properties. As a result, skincare brands are incorporating Centella Asiatica Extract into their formulations to meet the rising demand for natural and herbal skincare products. It is expected to continue driving the growth of the Centella Asiatica Extract market in the coming years.
The Centella Asiatica Extract market faces challenges due to the need for more awareness and understanding among consumers. Despite its potential health benefits and applications in skin care products, many consumers may need to become more familiar with Centella Asiatica or its extract. This lack of awareness can hinder the market's growth as it may result in lower demand for products containing Centella Asiatica extract. Additionally, without sufficient knowledge about its benefits, consumers may be hesitant to try products containing this extract, further limiting its market penetration. Therefore, efforts to educate consumers about Centella Asiatica and the advantages of its extract are crucial for expanding the market.
The market for Centella Asiatica Extract experienced a varied impact. On the one hand, there has been an increased demand for natural and herbal remedies, leading to a surge in the consumption of Centella Asiatica Extract due to its perceived health benefits. It has driven market growth. On the other hand, disruptions in the supply chain, reduced manufacturing capabilities, and fluctuating consumer demand have posed challenges for market players. Additionally, stringent lockdown measures and restrictions on movement have affected the distribution channels and overall sales of Centella Asiatica Extract products. Overall, while the market has shown resilience, it has also faced obstacles due to the pandemic.
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The Centella Asiatica extract market features several key players competing for market share. Additionally, numerous smaller companies and suppliers operate in the market, contributing to its competitive landscape. Innovation, product quality, and marketing strategies are key factors driving competition within the industry.
Top Companies Market Share in Centella Asiatica Extract Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. It is due to the increasing consumer awareness about its health benefits and the rising demand for natural and plant-based ingredients in various industries. The region's robust healthcare and cosmetics sectors are driving the demand for Centella Asiatica extract as an active ingredient in skincare and medicinal products. Additionally, the growing popularity of traditional and herbal medicine practices is further fueling the market growth in North America. With the presence of market players and the availability of advanced extraction technologies, North America is expected to continue dominating the Centella Asiatica extract market in the region.
The European region is witnessing due to the increasing consumer awareness about the health benefits of this herbal extract. The region is characterized by a growing demand for natural and organic products, which has led to a raise in the use of Centella Asiatica extract in various industries, such as cosmetics, pharmaceuticals, and food and beverages. Additionally, the presence of stringent regulations regarding the use of herbal ingredients in products has contributed to the market's growth as consumers seek safe and effective alternatives to synthetic ingredients.
The current report Scope analyzes Centella Asiatica Extract Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Centella Asiatica Extract market size was estimated at USD XX Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. In North America, Centella Asiatica Extract sales dominate, fuelled by increasing consumer awareness about the health benefits of Centella Asiatica Extract, growing demand for natural and organic skincare products, rising prevalence of skin disorders such as acne and eczema, and the expanding cosmetics industry. Additionally, the growing adoption of herbal remedies and traditional medicine practices further fuels the demand for Centella Asiatica Extract in the region.
Country Analysis
Cognitive Market Research shows a market value of USD XX million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Europe’s growth is driven by increasing awareness of the health benefits associated with Centella Asiatica, such as its anti-inflammatory and antioxidant properties. Additionally, the rising demand for natural and plant-based ingredients in skincare and personal care products is driving the market growth. Furthermore, the growing trend of using herbal and traditional remedies in cosmetics and pharmaceuticals is fueling the demand for Centella Asiatica Extract in Europe.
According to Cognitive Market Research, the global Centella Asiatica Extract market size was estimated at USD XX Million, out of which Asia Pacific held the Market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. The Asia Pacific region is experiencing growth due to increasing awareness about the health benefits of Centella Asiatica Extract, including its potential to improve skin health and cognitive function. Additionally, the rising popularity of natural and herbal products among consumers is driving the growth of the market. Furthermore, the growing cosmetic and pharmaceutical industries in the region are also contributing to market expansion.
According to Cognitive Market Research, the global Centella Asiatica Extract market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Centella Asiatica Extract sales in Latin America are experiencing growth due to the growing consumer awareness about the health benefits of herbal extracts, increasing demand for natural skincare and cosmetic products, and the rising prevalence of chronic skin conditions. Additionally, the region's rich biodiversity and traditional use of botanical extracts contribute to the market's growth. The popularity of Centella Asiatica Extract is further boosted by its anti-inflammatory, antioxidant, and wound-healing properties, driving its adoption across various industries.
According to Cognitive Market Research, the global Centella Asiatica Extract market size was estimated at USD XX Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. MEA experiences an upswing in Centella Asiatica Extract sales driven by increasing demand for natural ingredients in cosmetics and skincare products. The region's growing population and rising disposable income contribute to the market's expansion. Additionally, awareness about the health benefits of Centella Asiatica Extract, such as its anti-inflammatory and antioxidant properties, further boosts its demand in the region.
Global Centella Asiatica Extract Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Centella Asiatica Extract Industry growth. Centella Asiatica Extract market has been segmented with the help of its Type, Application , and others. Centella Asiatica Extract market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Centella asiatica leaves held the major market share over the forecast period. They are rich in bioactive compounds such as triterpenoids, flavonoids, and phenolic acids, which are known for their antioxidant and anti-inflammatory properties. Extracts derived from Centella Asiatica leaves are commonly used in skincare products for their ability to promote wound healing, improve skin elasticity, and reduce inflammation.
Centalla asiatica stems are the fastest-growing category over the forecast period. They contain similar bioactive compounds but may have slightly different compositions compared to the leaves. Extracts from Centella Asiatica stems are also utilized in skincare formulations, albeit less commonly than those from the leaves.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Centella Asiatica Extract Industry. Request a Free Sample PDF!
According to Cognitive Market Research, cosmetics hold a prominent market share. In the cosmetic industry, Centella Asiatica Extract is widely used in skincare products due to its anti-inflammatory, antioxidant, and wound-healing properties. It is often included in creams, serums, and lotions aimed at improving skin texture, reducing acne, and preventing aging signs.
Pharmaceuticals are the fastest-growing category over the forecast period. Centella Asiatica Extract is utilized in various medicinal products such as ointments, gels, and supplements for its potential health benefits, including promoting circulation, reducing inflammation, and supporting cognitive function.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Centella Asiatica Extract market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
1.How Centella Asiatica Extract Can Help Your Skin
Disclaimer:
Type | Centella Asiatica Leaves, Centella Asiatica Stems , Application Outlook: |
Application | Cosmetic, Pharmaceutical, Others |
List of Competitors | Guangxi Changzhou Natural Pharmaceutical Co Ltd, Frank Biochem Co Ltd, Lotion crafter LLC, Alchem International Pvt Ltd, S. V. Agro Food, Sabinsa Corporation |
This chapter will help you gain GLOBAL Market Analysis of Centella Asiatica Extract. Further deep in this chapter, you will be able to review Global Centella Asiatica Extract Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Centella Asiatica Extract Market Trends North America Centella Asiatica Extract Technological Road Map North America Centella Asiatica Extract Market Drivers North America Centella Asiatica Extract Market Restraints North America Centella Asiatica Extract Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Centella Asiatica Extract market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Centella Asiatica Leaves have a significant impact on Centella Asiatica Extract market? |
What are the key factors affecting the Centella Asiatica Leaves and Centella Asiatica Stems of Centella Asiatica Extract Market? |
What is the CAGR/Growth Rate of Cosmetic during the forecast period? |
By type, which segment accounted for largest share of the global Centella Asiatica Extract Market? |
Which region is expected to dominate the global Centella Asiatica Extract Market within the forecast period? |
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