Maca Extract Market Size, Regional Status and Outlook 2025-2037
Maca Extract Market size was valued at USD 62.09 million in 2024 and is likely to cross USD 106 million by 2037, expanding at more than 4.2% CAGR during the forecast period i.e., between 2025-2037.
Research Nester’s recent market research analysis on “Maca Extract Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global maca extract market in terms of market segmentation by type, color, application, and by region.
Growing Concern for the Prevalence of nutritional value to Promote Global Market Share of Maca Extract
During a forecast period, i.e. 2023 to 2035, the maca extract market is expected to grow at an achievable high compound annual growth rate. Because of its uniqueness, health benefits, and extensive historical use, the maca plant is frequently referred to as a superfood. Like other superfoods from Latin America, the popularity of maca root and its derivatives is anticipated to stabilize while also increasing.
The need for nutrient-dense meals and beverages, growing consumer awareness of the health benefits of maca extract products, and rising disposable income levels are the primary forces driving the maca extract market's development. The maca extract market is rapidly growing as a result of the increased usage of maca in a variety of industries. For instance, 59 million Americans buy supplements, herbs, and vitamins annually. A little more than 4.1 million of the transactions were made by youthful clients.
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Some of the major growth factors and challenges that are associated with the growth of the global maca extract market are:
Growth Drivers:
- Traditional Utilization in Healthcare Sector to Drive the Demand
- The Attributes and Its Useful Properties to Propel the Market Demand
Challenges:
The market's high prices and ferocious competition are only two of the obstacles that might stop it from growing. Despite its uniqueness, the maca competes with a number of other cheaper natural fertility remedies, which hurts the business in developing nations. The growth of the world market for maca extract, however, has been constrained by the higher expenses related to it. Low knowledge of maca availability and a lack of scientific support are some of the major factors anticipated to hamper the global market size of maca extract.
By application, the global maca extract market is segmented into pharmaceutical, therapeutic, nutritional powders, bakery products, and beverages. The nutritional powders segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The many useful qualities of maca powder contribute to raising its therapeutic or medicinal value. For instance, maca powder is widely used as a nutritive powder and is expected to soar in popularity in the next years. Nutritional supplements that include maca extract are used to boost the body's energy levels. Nutritional supplements that include maca extract are used to boost the body's energy levels. In addition to reducing stress and anxiety, they also improve memory and brain function, increase attention, stabilize mood fluctuations, and promote relaxation of the mind-body connection.
By region, the Europe maca extract market is to generate the highest revenue by the end of 2035. The region has experienced substantial expansion, which is due to the growing knowledge of the health advantages of maca extracts, the popularity of nutritional and health supplements, and the easier availability of maca and its derivative products. Over the next years, the market in this sector is expected to be primarily influenced by demand for products linked to sexual wellness and reproductive health in the region.
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This report also provides the existing competitive scenario of some of the key players of the global maca extract market which includes company profiling of Peruvian Nature, Symphony Natural Health, Inca Health, Merril Natura, Pebani Inversiones S.A., StandPeru, Phyto Life Sciences P. Ltd., JIAHERB, The Maca Team, LLC, and others.
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