Middle East & Africa Ashwagandha Supplements Market Size & Outlook
The ashwagandha supplements market in Middle East & Africa is expected to reach a projected revenue of US$ 38.2 million by 2030. A compound annual growth rate of 6.4% is expected of Middle East & Africa ashwagandha supplements market from 2024 to 2030.
Revenue, 2023 (US$M)
$24.7
Forecast, 2030 (US$M)
$38.2
CAGR, 2024 - 2030
6.4%
Report Coverage
Middle East & Africa
Middle East & Africa ashwagandha supplements market, 2018-2030 (US$M)
MEA ashwagandha supplements market highlights
- The MEA ashwagandha supplements market generated a revenue of USD 24.7 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, capsules was the largest revenue generating form in 2023.
- Capsules is the most lucrative form segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 24.7 million |
| Market revenue in 2030 | USD 38.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Capsules |
| Fastest growing segment | Capsules |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capsules |
| Key market players worldwide | NOW Foods, Swanson Group, Otsuka Pharmaceutical, Himalaya Wellness, Dabur India |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global ashwagandha supplements market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 417.1 million by 2030.
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Ashwagandha Supplements Market Scope
Ashwagandha supplements market segmentation & scope
Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Ashwagandha Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa ashwagandha supplements market
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