Gymnema extract Market: Introduction
Gymnema is a woody climbing shrub, native to Asia, especially India & Sri Lanka and Africa. The Gymnema also scientifically known as Gymnema sylvestre has been used traditionally for centuries as an Ayurvedic medicine in India and is known as “Gurmar” which means the destroyer of sugar as the extract of the plant leaves contains active ingredient known as gurmarin which suppresses the sweet receptor of the tongue. Gurmarin is a polypeptide which is made of 35 amino acids and causes a physiological reaction. Traditionally, raw leaves of the gymnema was used, however owing to the technological advancement in all the verticals, gymnema is available as pill or tablet which enable control and monitoring of each dosage. Gymnema is linked to reduce blood sugar level with type 1 and type 2 diabetes and in long-term usage, it can prevent diabetic complication. Moreover, according to a paper published in Journal of Clinical Biochemistry and Nutrition, gymnema extract can be effective in increasing insulin secretion which in result helps in lowering the blood sugar level. The most compelling factor of gymnema extract is its very few side effects or drug interactions thus dietary supplements based gymnema can be used in parallel to conventional treatment for diabetes and can aid in blood sugar control which is anticipated to stimulate the global gymnema extract market over the forecast period.
Gymnema extract Market: Segmentation
Global Gymnema extract market can be segmented on the basis of form, nature, distribution channel, and region. On the basis of form, Gymnema extract market is segmented into powder and liquid. On the basis of nature, Gymnema extract market is segmented into organic and conventional. The organic Gymnema extract is anticipated to acquire a significant attention among health-conscious consumer in developed markets and subsequently, act as a driving tool for the growth of global Gymnema extract market in the near future. On the basis of the distribution channel, Gymnema extract market is segmented into direct and indirect. The indirect segment can be further sub-segmented into supermarket/hypermarket, specialty stores, pharmacy stores, online retail, and others. Among all the segment online retail is anticipated to exhibit a significantly higher growth attributed to increasing adoption of shopping through e-commerce websites especially among millennials across the globe.
Gymnema extract Market: Dynamics
As per the world health organization, “number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014” which around a fourfold increase reflecting the prevalence of diabetes across the globe and has created a substantial growth opportunity for alternative treatments which is anticipated to drive the growth of gymnema extract market over the forecast period. Furthermore, gymnema extract is also used to treat an array of problems such as metabolic syndrome, weight loss, cough malaria, as a snake bite antidote, digestive stimulant, laxative, appetite suppressant etc. which is also anticipated to propel the growth of gymnema extract market in the near future.
However, limited clinical studies are conducted which proves the variegated benefits of gymnema extract. Furthermore, low market penetration in many countries across the globe coupled with low consumer awareness is anticipated to restrain the growth of gymnema extract market over the forecast period.
Gymnema extract Market: Regional Outlook
On the basis of the regional outlook, gymnema extract market is segmented into five different regions: North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. On analyzing the gymnema extract market at the global level, Asia Pacific is expected to dominate the gymnema extract market attributed to higher production, and consumption as it is used traditionally in Ayurveda medicines. North America and Europe are anticipated to show a swift growth over the forecast period owing to increasing trend of herbal remedies among the consumers and increasing diabetic population seeking for alternative treatments. Latin America and MEA region are anticipated to show substantial growth over the forecast period.
Gymnema extract Market: Key Player:
Some of the major players operating in Gymnema extract market include The Himalaya Drug Company , Nture’s Answer, NutriGold, Hawaii Pharm Tattva’s Herbs, Starwest Botanicals and other regional players.
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