Elecampane Root Market Outlook from (2023 to 2033)

The global Elecampane Root market is expected to reach a market valuation of US$ 851 million by 2023, recording a CAGR of 5.4% from 2023 to 2033.

The herb known as elecampane, which is indigenous to parts of Europe and Asia, is used to make elecampane root. In various regions of North America today, it is also grown. The elecampane root is employed in medicine. It is mostly used to treat lung conditions like asthma, bronchitis, whooping cough, and many more. The elecampane root has extensive therapeutic capabilities that have been demonstrated in several trials, but the medical board has not yet approved its usage. As a result, elecampane root is sold without a prescription over the counter.

Attributes Details
Elecampane Root Market Size (2023E) US$ 851 million
Elecampane Root Market Projected Size (2033F) US$ 1,440 million
Value CAGR (2023 to 2033) 5.4%
Top 3 Countries Marketing Share 61.7%

Elecampane root is commonly sold in dried form, either as a whole root or as a powder. It is also offered as a variety of dietary supplements, including pills and tinctures. Elecampane root can range in price depending on the form and the store where it is bought, but it is generally thought to be inexpensive.

In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Elecampane Root.

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How Has the Market Progressed So Far in 2022?

Market Statistics Details
Jan-Jun (H1), 2021 (A) 5.2%
Jul-Dec (H2), 2021 (A) 5.1%
Jan-Jun (H1), 2022 Projected (P) 5.0%
Jan-Jun (H1), 2022 Outlook (O) 4.9%
Jul-Dec (H2), 2022 Projected (P) 5.4%
Jul-Dec (H2), 2022 Outlook (O) 5.5%
Jan-Jun (H1), 2023 Projected (P) 5.3%

Historic v/s Future Outlook Comparison for Elecampane Root?

Elecampane root's market has been slowly expanding recently due to the rise in popularity of herbal and natural medicines. As more people turn to natural remedies in place of conventional care, this trend is probably going to continue. The market for elecampane root is anticipated to keep expanding in the future due to rising consumer awareness of its health advantages. Also, the rising desire for natural and organic products is projected to promote the expansion of the market for elecampane root and other traditional medicinal herbs.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Medicinal Properties of Elecampane Root

Although though it has been used for the same purpose since very early times, the medicinal benefits of the elecampane root have just recently come to light. Elecampane root is being used in a wider range of products, and more study is being done to learn more about its qualities. The elecampane root is not widely cultivated. In order to meet the increasing demand, people in North America have begun growing elecampane root naturally on farms. But after the medical board approves of the elecampane root, the desires for it will expand considerably.

Comparative View of Associated Market

Cajeput Oil Market:

Attributes Cajeput Oil Market
CAGR (2023 to 2033) 5.9%
Market Value (2023) US$ 504.7 million
Growth Factor It is produced by distilling the tree's fresh leaves and is mostly used in aromatherapy. The cajeput oil reduces discomfort, relieves gas, unclogs congestion, and fights infections.
Key Trend In cosmetic products, cajeput oil is used to cure skin infections and relieve discomfort. In the food and beverage industry, it functions as a flavoring agent.

Cottonseed Oil Market:

Attributes Cottonseed Oil Market
CAGR (2023 to 2033) 3%
Market Value (2023) US$ 4,293 million
Growth Factor The demand for cottonseed oil is expected to rise throughout the projected period because it is a popular frying and cooking oil that is used in the creation of snacks, baked goods, confections, and other culinary products.
Key Trend In addition, cottonseed oil is utilized in sauces, salads, spreads, and dressings because of its enhanced stability and neutral flavor.

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Country-wise Insights

How the Sales of Elecampane Root Market Shaping in North America?

The sales of elecampane root in North America have been expanding significantly in recent years, as more individuals become interested in alternative solutions for various health conditions. Elecampane root is a popular choice for individuals looking for natural cures because it has a long history of use for digestive and respiratory problems, both of which are common in North America. Elecampane root is offered in a variety of ways in North America, including as a dried root, tea, tincture, and supplement. It can be purchased online, at natural food stores, health food stores, and herbal shops.

Why is there a Rising Demand for Elecampane Root in Asia Pacific?

The increased demand for elecampane root in Asia Pacific can be linked to numerous factors. For ages, especially in China, India and Japan, elecampane root has been utilized as a traditional medicine in Asia. Its usage in conventional medicine has boosted its appeal in the area. Growing knowledge of the potential health advantages of natural and herbal therapies has sparked an increase in interest in these treatments throughout Asia and the Pacific in recent years. The demand for elecampane root and other conventional medicinal herbs has increased as a result of this tendency.

Category-wise Insights

Based on Form

The dried root is the most popular product form, although users who prefer a more practical and ingestible choice also favor tea and tincture. Due to the rising need for nutritional supplements and natural cures, the supplement form is becoming more and more popular.

Based on Application

The most prevalent product form is dried root, however tincture and tea are also popular with consumers who want a more useable and ingestible option. The supplement form is expanding in acceptance as demand for dietary supplements and natural remedies rises. Pharmaceutical is the industry who is using the Elecampane Root.

Application by the Foodservice Industry

Elecampane root has been noted for its harsh taste and a pungent flavor. The chefs have been inspired to explore by its mild scent. The elecampane root has begun to be used in food items by chefs in the food service industry. Numerous chefs notably in the North America are coming up with recipes that has elecampane root in it. The advantages that the elecampane root offer is widely known. Yet, because of how bitter they taste, they are typically not drunk every day. So, chefs have come up with this notion. Moreover, elecampane root is now being grown on a farm in Pennsylvania and sold as candied elecampane root, elecampane root elixir, and other products.

Competitive Landscape

The Elecampane Root market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.

Scope of the Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ million for Value and Metric Ton for Volume
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania; the Middle East and Africa
Key Countries Covered United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered Nature, Form, End Use, Distribution Channel, Region
Key Companies Profiled Mountain Rose Inc.; Napiers Herbals Ltd.; Monterey Bay Spice Company; Starwest Botanicals Inc.; Organic Herb Trading Co.; Furnace Creek Farm
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Elecampane Root Market by Category

By Nature:

  • Organic
  • Conventional

By Form:

  • Cut-Form
  • Powdered
  • Liquid

By End Use:

  • Beverages
  • Non-Alcoholic
  • Alcoholic
  • Foodservice/ HoReCa (Hotels, Restaurants, Cafes)
  • Pharmaceuticals
  • Nutraceuticals
  • Animal Supplement
  • Personal Care & Cosmetics
  • Household/Retail

By Distribution Channel:

  • B2B/ Direct
  • B2C/ Indirect
  • Supermarket/ Hypermarket
  • Specialty Stores
  • Drug Stores
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the global Elecampane Root Market reported by FMI for 2023?

The Elecampane Root Market is valued at US$ 851 million for 2023.

What is the Elecampane Root Market valuation expected for 2033?

The Elecampane Root Market valuation is expected to be US$ 1,440 million in the year 2023.

What is the projected CAGR for the Elecampane Root Market from 2023 to 2033?

The value of CAGR for the Elecampane Root Market is estimated to be 5.4%.

Which segment type will garner significant value share by 2023?

The Foodservice Industry would garner a significant market value share by 2023.

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