This Horse Chestnut Seed Extract market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Horse Chestnut Seed Extract market.
Horse chestnut seed extract Market: Introduction
As the name suggests, horse chestnut is not related to chestnut at all, they are from the family of tree and shrubs Hippocastanaceae. Horse chestnut, also known by its scientific name Aesculus hippocastanum is a large hermaphroditic flowering tree, commonly known as conker tree or buckeye tree and can grow up to 40 meters in height. Horse chestnut seed extract is widely used to treat itching, pain, ulcers and skin disorders owing to its main active compound aescin or escin. Aescin has anti-inflammatory and vasoprotective effects which are backed by various scientific papers. Furthermore, due to the vasoprotective effect of aescin compound present in horse chestnut seed extract, it is being used in combination with conventional therapy for treating varicose vein. Majority of dietary supplements based on horse chestnut seed extract contains 20% of aescin (which is the mixture of saponins) as a standard. Horse chestnut is grown across Europe and in some parts of North America region, both of the regions are witnessing an unprecedented growth of herbal remedies attributed to increasing consumer demand for alternative medicine which is anticipated to drive the growth of global horse chestnut seed extract market over the forecast period. Furthermore, increasing prevalence of varicose vein across the globe has resulted in an increased demand of alternate treatment based on herbal remedies and to cater the demand, major players of dietary supplement are including the horse chestnut seed extract to their product portfolio which is expected to propel the growth of the market in the near future.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global horse chestnut seed extract market can be segmented on the basis of form, nature, distribution channel, and region. On the basis of form, horse chestnut seed extract market is segmented into powder and liquid. On the basis of nature, Horse chestnut seed extract market is segmented into organic and conventional. The organic Horse chestnut seed is expected to draw a significant attention among health-conscious consumer in developed markets and subsequently, act as a driving tool for the growth of global Horse chestnut seed market. On the basis of the distribution channel, Horse chestnut seed 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.
Horse chestnut seed extract Market: Dynamics
Hectic lifestyle among the individuals across the globe has resulted in lifestyle-related diseases and disorders such as obesity which itself is related to cause an array of another problem. Apart from heredity, one of the prime cause for varicose vein is obesity and according to Chicago Vein Institute, more than 35 million people are suffering from it in the U.S. only, hence there is an increasing demand from consumers for herbal medicines which is anticipated to supplement the growth of global horse chestnut seed extract market over the forecast period. Furthermore, horse chestnut seed extract can also be used to treat a multitude of the problem, most notably itching, skin disorders, inflammation, infertility etc. which is also anticipated to boost the growth of horse chestnut market over the forecast period. However, low market penetration in many countries of APAC, MEA and Latin America coupled with low consumer awareness is anticipated to restrain the growth of the market in near future. Furthermore, if the extract is not processed properly, the resulting product can be toxic due to the presence of glycosides which can weaken the trust among the consumer and is expected to hamper the growth of the market.
Horse chestnut seed extract Market: Regional Outlook
On the basis of the regional outlook, Horse chestnut seed extract market is segmented into five different regions: North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. On analyzing the Horse chestnut seed extract market at the global level, Europe is expected to dominate the horse chestnut seed extract market attributed to higher production, and consumption due to high shelf visibility of horse chestnut seed based products in retail chains as horse chestnut seed extract is being used traditionally. North America is anticipated to show a swift growth over the forecast period owing to increasing trend of herbal remedies among the consumers followed by APAC region. Latin America and MEA region are anticipated to show moderate growth over the forecast period.
Horse chestnut seed extract Market: Key Player:
Some of the major players operating in Horse chestnut seed extract market include Alchem International Pvt. Ltd, Frutarom Industries Ltd., Bio Botanica, Inc., MB-Holding GmbH & Co. KG, Indena S.p.A, Euromed S.A, Naturex S.A., Mountain Rose Inc. Sabinsa Corporation, and other regional players.
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- Latin America (Mexico. Brazil)
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- Eastern Europe (Poland, Russia)
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- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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- Potential and niche segments, geographical regions exhibiting promising growth
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