The global chamaemelum nobile extract market is anticipated to grow at a CAGR of nearly 9.2% during the forecast period (2022-2028). Chamaemelum nobile also known as chamomile, is a low perennial plant found in dry fields and around gardens and cultivated grounds in Europe, North America, and South America. The major factor expected to drive the market is the growing health consciousness among consumers. It is used for their calming and anti-inflammatory properties. It is also used in teas as a mild, relaxing sleep aid, treatment for fevers, colds, muscle spasms, menstrual disorders, insomnia, wounds, gastrointestinal disorders, stomach ailments, and as an anti-inflammatory. These are some factors that will drive the global chamaemelum nobile extract market during the forecast period. Apart from that its growing demand in the global food & beverage industry and growing demand for organic cosmetics also support the market to grow further. Additionally, innovations in the food and beverages industry and studies demonstrated the effectiveness of chamomile preparations, such as tea and essential oil aromatherapy, to treat insomnia will further push the market growth during the forecast period.
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Some major players in the market include Afriplex (Pty) Ltd., Arjuna Natural Extracts Ltd., and Kemin Industries Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Afriplex (Pty) Ltd. upgraded and expanded its spray drying facility, allowing for greater versatility in its product and service offerings. Further, the company added that the expansion will not only strengthen the company’s capabilities in producing standardized ingredients for the pharmaceutical industry, however, also significantly increase the existing production capacity.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Afriplex (Pty) Ltd., Arjuna Natural Extracts Ltd., and Kemin Industries Inc., among others.
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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?
Global Chamaemelum Nobile Extract Market Report by Segment
By Type
- Pharmaceutical Grade
- Food Grade
- Others
By Application
- Food and Beverages
- Pharmaceuticals
- Personal Care/Cosmetics
- Others
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