Global Sage Extract demand is projected to be valued at US$ 4.52 Billion in 2022, forecast to grow at a CAGR of 5.19% to be valued at US$ 7.5 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 4.31 Billion |
| Expected Market Value (2022) | US$ 4.52 Billion |
| Anticipated Forecast Value (2032) | US$ 7.5 Billion |
| Projected Growth Rate (2022-2032) | 5.19% CAGR |
Sage is a low-growing evergreen shrub that has been known for centuries for its traditional uses in culinary and herbal medicines. It belongs to the mint family alongside herbs such as rosemary, thyme, basil, and oregano. The leaves of sage can be used for various purposes in different forms. For instance, they can be chewed whole.
They can also be dried and ground into powder or prepared as a fluid extract, tincture, or essential oil. The extract obtained from sage is colorless to a yellow clear liquid. The usage of sage extract in liquid form is trending nowadays. It is used as a dietary supplement and food ingredient in the U.S.
Sage extract is used in the preparation of medicines that are used for the treatment of digestion-related issues, which include diarrhea, gastritis, loss of appetite, and heartburn. Sage extract is also used to reduce the overproduction of saliva and perspiration. Other medicinal uses of sage extract include usage of sage extract for depression and memory loss. The sage extract also has applications in the food industry as a popular spice. Owing to these health benefits, the demand for sage extracts in the healthcare industry worldwide.
The excessive usage of sage extract as a spice is not advisable as it is likely to have adverse effects. Moreover, pregnant women or nursing mothers are advised to avoid the intake of sage extract. These are some of the challenges which restrain the growth of the sage extract market across the globe.
Since ancient times, there has been an immense emphasis on herbal medicine owing to its extensive therapeutic properties in the countries like India & China. Moreover, the cost of the treatment is much lesser than in modern medicine which reinforces the demand for medicines and spices based on sage extracts.
China and ASEAN countries have similar topographical and natural environments, rich medicinal biological resources, the harmony of medicinal culture and complementarity of medicinal resources and consumption market, and have vast potential for research and development cooperation in the field of traditional medicine. Thus, in turn, manufacturers of sage extract-based medicine are eyeing the region to cater to the demand for key ingredients and increase consumption in this region.
Places like the UK have a historic custom of using herbal medicines, the usage of sage extracts is also prevalent and well established in some other European countries. This justifies in part the reason sales of herbal medicines are flourishing and represent a significant proportion of the regional drug market.
Therapeutic properties linked with sage herb-based products like a carminative, immune stimulant, antiseptic, antispasmodic activities, etc. are expected to fuel the growth of the sage extract in the region.
The use of herbal medicinal products and supplements has augmented enormously over the past three decades with the acceptance of sage extracts for some part of primary healthcare in the region, as per the report of the national library of medicine. These herbal remedies aren’t only available in drug stores, but also in food stores and supermarkets now.
In developed countries like U.S & Canada, the most important among countless other reasons for taking herbal therapy is the belief that it will promote healthier living. Herbal medicines like Sage extract are, therefore, often observed as a stable and reasonable approach to healing, and individuals who use them as home remedies and over-the-counter drugs spend a huge amount of money (in excess of billions of dollars) on herbal products.
Some of the key participants present in the global demand of the Sage Extract market include Sibelius, Mountain Rose Herbs, Avoca Inc., Aphios Corporation, Wuhan Dahua, App Chem-Bio, Greenlife, Shanxi Jinjin, Haotian, Capot, and Sami Labs Limited among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 5.19% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global demand for sage extracts is slated to expand at a 5.19% value CAGR by 2032
North America is expected to be the most opportunistic sage extract market
Sibelius, Mountain Rose Herbs, Avoca Inc., Aphios Corporation, Wuhan Dahua, App Chem-Bio, Greenlife, Shanxi Jinjin, Haotian, Capot, and Sami Labs Limited., are some key sage extract manufacturers
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Sage Extract Market
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