Tongkat ali also known as Eurycoma Longifolia is conventionally used in various medicines in Southeast Asia. The ingredient is majorly used for treating health conditions like treating lethargy, low libibo, fatigue, and depression. A flowering plant from the Simaroubaceae family, native to Indonesia, Malaysia, Vietnam, as well as Cambodia, Myanmar, Laos, and Thailand, is a common traditional herbal remedy.
The global market is about to witness projected growth in the upcoming years due to an increase in the demand for functional food. Tongkat Ali extract is also known as Eurycoma longifolia, or longjack, which is a flowering plant, and is widely popular in various geographies including South East Asia, Indonesia, Malaysia, and Thailand, amongst others.
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key reasons for the rise in demand in the market:
Use as a folk medicine to treat diabetes, cancer, and anxiety issues:
E. Longifolia is used as a folk medicine for erectile dysfunction, aging, leukemia, osteoporosis, stress, syphilis, glandular swelling, malaria, cancer, diabetes, anxiety, aches, constipation, exercise recovery, fever, and glandular swelling. The roots are also used as an appetite stimulant, antibacterial, and dietary supplement.
Rising awareness about health benefits, growing demand for dietary supplements, and increasing prevalence of obesity are driving the growth of this market globally. Also, an increase in spending capability and an increase in the number of health-conscious people results in the growth of the market and is projected to further open new opportunities for the market in the coming future.
Rising Demand for Dietary Supplements:
Increasing demand for alternative food supplements due to an ever-increasing sedentary lifestyle, and lack of physical activities have made them prone to various diseases. The growing concerns related to lack of physical activities and rising health problems increase the demand for dietary supplements, which boosts their life and make them healthier. Thus, consumers are shifting their preference to nutritional supplements, which contains tongkat ali extract and thereby, driving the growth of the market globally.
Increasing Demand for Herbal Drugs:
Consumers are increasingly choosing natural herbs over conventional pharmaceuticals as awareness of the health benefits of herbal medicines grows. There is numerous potential for the market to expand in the future thanks to recent technological advancements and an increase in the production of these plants in South Asian nations. The government has also undertaken a number of steps to expand its production capacity. Also, growing consumer awareness and a rise in the demand for herbal remedies have bolstered the global market.
Key Players:
- LJack (M) Sdn Bhd
- Nutragreenlife Biotechnology Co.,Ltd
- Nutra Green Biotechnology Co.,Ltd.
- FZBIOTECH
- Beton Nutrition Corporation
- Tianjin Liesi International Trading Co.,Ltd
- RD Health Ingredients amongst others.
- Other Prom inent Players
Global Tongkat Ali Extract Market Segmentation:
- By End-use Application :
- Dietary Supplements
- Cosmetics & Personal Care
- Sports Nutrition Drinks
- Functional Food
- By Nature :
- Organic
- Conventional
- By Regions :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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Key Question answered in the Survey of Tongkat Ali Extract market Report By Fact.MR
- Tongkat Ali Extract Company & brand share analysis: Company and brand share analysis on Tongkat Ali Extract Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Tongkat Ali Extract Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Tongkat Ali Extract .
- Tongkat Ali Extract Category & segment level analysis: Fact.MR’s Tongkat Ali Extract market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Tongkat Ali Extract market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers.
- Post COVID consumer spending on Tongkat Ali Extract market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
- Tongkat Ali Extract market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Tongkat Ali Extract market manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
- Tongkat Ali Extract Market demand by country: The report forecasts Tongkat Ali Extract demand by country, giving business leaders the insights to know fast-growing, stable, and mature markets
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