Global Mulberry Leaf Extract Market to be driven at a CAGR of 13% in the Forecast Period of 2021-2026

The new report by EMR titled, ‘Global Mulberry Leaf Extract Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global mulberry leaf extract market size, assessing the market based on its segments like nature, form, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2021-2026)

Historical Market Size (2020): USD 32.7 Billion
Forecast CAGR (2021-2026): 13%
Forecast Market Size (2026): USD 68 Billion

The growth of global mulberry leaf extract market is driven by the rising demand for plant extract market. The increasing demand for herbal products and dietary supplements from nutraceutical market is expected to propel the growth.

Moreover, the growing prevalence of cardiac disorders and diabetes will propel the demand for mulberry leaf extract owing to its various health benefits. Additionally, the factors such as rising disposable income, increasing health awareness, demand from cosmetic industry for utilisation in skin lightening products, and expanding nutraceutical market are expected to further push the growth of global mulberry leaf extract market in the forecast period.

Industry Definition and Major Segments

Mulberry leaf extract if obtained by the leaves of a deciduous species of family Moraceae. The extract is rich in various vitamins and minerals such as calcium, vitamin K, riboflavin, iron, vitamin C, and potassium. It is known to have health benefits such as boosting immune system, weight loss, improving cardiac health, and lowering blood sugar.

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The market is bifurcated based on nature into:

Organic
Conventional

Mulberry leaf extract can be classified based on form as:

Powder
Liquid
Capsule

Mulberry leaf extract can be divided into the following in terms of its application:

Food and Beverage
Dietary Supplements
Pharmaceuticals
Cosmetics
Others

The regional markets for mulberry leaf extract include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

Regionally, the Asia Pacific is expected to be the largest shareholder in the global mulberry leaf extract market. This can be attributed to the presence of large concentration of mulberry trees in countries such as China, Japan, and Korea. Moreover, the increasing utilisation of extract in cosmetic products for Japanese and Korean market will further aid the growth. Meanwhile, Europe and North America are expected to be the second largest region owing to factors such as high disposable income, the presence of mulberries tree and demand from nutraceutical sector in the forecast period.

Key Market Players

The major players in the market are Swanson Health Products, Nutra Business LLC, Xi’an Greena Biotech Co., Ltd., ET Chem, Xian Yuensun Biological Technology Co., Ltd, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.