The global horse chestnut seed extract market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The horse chestnut seed extract is a herbal remedy used to treat ulcers, chronic venous insufficiency, ulcers, pain, itching, and skin disorders owing to its active compound escin. The rise in the prevalence of ulcers such as peptic ulcers, duodenum ulcers, and others is one of the major factors driving the growth of the global horse chestnut seed extract market. For instance, Peptic Ulcers Disease (PUD) is characterized by discontinuation in the inner lining of the gastrointestinal (GI) tract due to gastric acid secretion. It usually occurs in the stomach and proximal duodenum. According to the data published by National Center for Biotechnology Information (NCBI) in 2019, peptic ulcers disease PUD is a global problem with a lifetime risk of development ranging from 5.0% to 10.0%, whereas duodenal ulcers are four times more common than gastric ulcers. Moreover, the signs and symptoms of PUD may differ depending upon the location of the disease and age. Thus, the rising prevalence of ulcers is anticipated to drive the demand for the global horse chestnut seed extract market.
Moreover, the growing cosmetic industry owing to the rise in cosmetic enterprises and growing demand for cosmetics is anticipated to drive the growth of the global horse chestnut seed market during the forecast period. For instance, according to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38% of total cosmetic sales. Thus, the growing cosmetic industry is anticipated to drive the demand for the global horse chestnut seed extract market during the forecast period (2022-2028)
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Form
- By Application
- By Distribution channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Alchem International, MB-Holding GmbH & Co., Euromed SA, and Mountain Rose Inc., among others
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Global Horse Chestnut Seed Extract Market Report by Segment
By Form
- Solid
- Liquid
By Application
- Chronic Venous Insufficiency (CVI)
- Cosmetics
By Distribution channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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