Stinging Nettle Root Extract Market Rising at 8.8% CAGR to Reach US$ 145.3 Million by 2034: Fact.MR Report

Consumption of Stinging Nettle Root Extract Rising as Natural Remedy for Several Health Issues

/EIN News/ -- Rockville, April 25, 2024 (GLOBE NEWSWIRE) -- Worldwide demand for stinging nettle root extract is calculated to reach a market value of US$ 62.3 million in 2024, as revealed in a new study published by Fact.MR, a market research and competitive intelligence provider. The global stinging nettle root extract market is projected to reach US$ 145.3 million by the end of 2034.

More consumers around the world are looking for herbal and natural remedies as an effective alternative to regular medicines and drugs owing to growing concerns related to the potential side effects associated with their consumption. With the purported health benefits of stinging nettle root extract, an increased demand is being observed across regions.

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The potential health benefits of stinging nettle root extract include anti-inflammatory properties and assistance in effective prostate health. Furthermore, the use of stinging nettle root extract is increasing as a dietary supplement targeting overall well-being, men’s health, and urinary tract health.

Key Segments of Stinging Nettle Root Extract Market Research Report    

By Form	By Application	By Region
Powder Capsules	Food & Beverages Pharmaceuticals	North America Europe East Asia Latin America Middle East & Africa South Asia & Oceania

Key Takeaway from Market Study

• Worldwide demand for stinging nettle root extract is estimated to reach a market valuation of US$ 62.3 million in 2024.
• The global stinging nettle root extract market is projected to reach US$ 145.3 million by 2034.
• The market is forecasted to expand at a CAGR of 8.8% from 2024 to 2034.
• Hypermarkets/supermarkets are approximated to account for 37.25% share of global sales by 2034.
• Demand for stinging nettle root extract in Japan is anticipated to rise at a CAGR of 10.7% from 2024 to 2034.
• East Asia is set to contribute 25.7% share of global market revenue by 2034-end.

“Rising consumption of stinging nettle root extract is attributed to growing demand for herbal and natural supplements, expansion of the dietary supplement market, and rising awareness about their health benefits,” says a Fact.MR analyst.

Report Attribute	Details
Value Projection (2034)	US$ 145.3 million
Growth Rate (2024-2034)	8.8% CAGR
No. of pages	170 Pages
No. of Tables	84 Tables
No. of Figures	112 Figures

High Geriatric People in Japan Driving Stinging Nettle Root Extract Consumption

Growing demand for stinging nettle root extract in Japan is owing to the rising population of elderly people who are more prone to different health issues. Therefore, they are adopting these extracts as dietary supplements to improve their health. In addition, the higher rate of benign prostatic hyperplasia among elderly people in the country is anticipated to generate demand for stinging nettle root extracts as effective dietary supplements.

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Key Market Players

Charkit Chemical, Solaray, Now Foods, Bio-Botanica, Powerline Health, Xi’an Lyphar Biotech, and Zenith Nutrition are some of the leading manufacturers of stinging nettle root extract around the world.

Regional Market Insights on Stinging Nettle Root Extract: Growth Projections and Market Trends

According to a recent study by Fact.MR, a leading market research and competitive intelligence provider, East Asia is poised to capture a significant share of the global market, reaching 25.7% by 2034. This growth is primarily fueled by the increasing consumption of stinging nettle root extract for medicinal purposes in the region. Moreover, the high presence of elderly populations further bolsters market prospects, as they show a preference for herbal products to address various health issues.

In the United States, the market is forecasted to dominate the North American region, holding a substantial 73.5% share by the end of 2034. The rising awareness of the health benefits associated with stinging nettle root extracts is a key driver of this growth. The plant's pain-relieving, diuretic, and anti-inflammatory properties have led to its widespread use, with tinctures, teas, and capsules being popular consumption forms. With its culinary and health applications gaining recognition, the United States presents promising opportunities for stinging nettle root extracts.

Meanwhile, China is projected to contribute significantly to East Asia's revenue, capturing 74.2% share by 2034. The increasing consumption of tea in China is expected to drive market growth over the next decade, as tea is commonly integrated into daily routines for medicinal purposes. Additionally, the growing elderly population in China is anticipated to further fuel demand for stinging nettle root extract as a dietary supplement, highlighting the market's promising trajectory in the region.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the stinging nettle root extract market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on form (powder, capsules), application (food & beverages, pharmaceuticals), and sales channel (supermarkets/hypermarkets, medical stores, specialty stores, online retail), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

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