Global Tribulus Terrestris Extract Market Report and Forecast 2023-2028

According to the report, the global tribulus terrestris extract market is being aided by the plant extract market, which is expected to grow at a CAGR of 19.4% in the forecast period of 2023 and 2028. Aided by the rising interest in natural health supplements and the expanding applications of tribulus terrestris extract in various sectors, the plant extract market is expected to grow significantly by 2028.

Tribulus terrestris, often termed as the 'puncture vine,' is a herb predominantly used in traditional medicine in various cultures. The extract from this plant has been lauded for its potential benefits, especially concerning male vitality and overall well-being. It is primarily used in the formulation of dietary supplements intended to boost testosterone levels, enhance athletic performance, and support heart health, among other touted benefits.

The escalating global inclination towards natural health supplements acts as a primary driver for the tribulus terrestris extract market growth. As consumers become more health-conscious, there is a palpable shift towards holistic and natural remedies. This trend, combined with the burgeoning awareness about the perceived advantages of tribulus terrestris, such as its role in enhancing muscle strength and stimulating testosterone production, has intensified the demand for products based on this extract.

Moreover, the blossoming fitness and wellness sector has reinforced the stature of tribulus terrestris extract. Athletes and fitness enthusiasts are increasingly leaning towards natural enhancers to optimise performance. Given the extract's purported role in muscle building and stamina boosting, it has found its way into pre-workout supplements and post-workout recovery aids.

Diversifying applications of this extract in various industries further accentuates its tribulus terrestris extract market demand. The pharmaceutical industry recognises its potential benefits, leading to the development of capsules and tablets that leverage the extract's properties. In the cosmetics and skincare realm, the extract's potential anti-inflammatory and skin-soothing properties are being explored, leading to its incorporation in a myriad of skincare formulations.

The herbal and traditional medicine sector, too, remains a robust pillar for the tribulus terrestris extract market. Given its deep-rooted significance in ancient medicinal practices, particularly in Ayurveda and Chinese medicine, the demand in this sector remains steady. It is often prescribed as a remedy for various ailments, including kidney stones, eczema, and infertility issues.

Furthermore, the extract's potential cardiovascular benefits are generating interest in the broader medical community. Preliminary studies suggest that tribulus terrestris extract might play a role in maintaining heart health, regulating cholesterol levels, and ensuring better blood circulation. As research progresses in this domain, it might open up newer avenues for the extract, influencing the tribulus terrestris extract market outlook.

Market Segmentation

The market can be divided based on origin, form, end use, and region.

Market Breakup by Origin

• Organic
• Conventional

Market Breakup by Form

• Powder
• Liquid

Market Breakup by End Use

• Pharmaceuticals
• Dietary Supplement
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tribulus terrestris extract market.

Some of the major players explored in the report are as follows:

• The Green Labs LLC.
• Nutra Green Biotechnology Co.,Ltd.
• Foodchem International Corporation
• Naturalin Bio-Resources Co., Ltd.
• Arjuna Natural Pvt Ltd.
• Others

About the Analyst

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The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.