Global Olive Leaf Extract Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Olive Leaf Extract Market: Overview
“The global Olive Leaf Extract Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Olive leaf extract is an active ingredient, which is obtained from the olive leaf. It has antioxidant, antibacterial, and antimicrobial properties.
It is useful in digestive track disorder and respiratory illness in human being. In addition, olive leaf extract successfully lowers blood pressure which can reduce risk of heart attack and stroke.
Growing preference for mediterranean diet among individuals across the globe is expected to drive growth of olive leaf extract market in the next coming years. Increasing prevalence of heart diseases across the globe, increasing olive leaf production, rising demand for olive leaf extract products owing to its property to regulate the blood pressure, high spending capacity are factors expected to drive growth of the target market during the forecast period.
Global Olive Leaf Extract Market: Dynamics
In addition, olive leaf extract has anti-inflammatory and anti-mutagenic properties, which is useful for preparation of different medicine and drug product.
Moreover, growing adoption of olive leaf extract for various application in many industries such as cosmetic, food, beverage, pharmaceutical, nutraceutical across the globe is factor projected to boost growth of the global market.
However, high cost involved with R&D of olive leaf extract is a factor projected to hamper growth of the global market. In addition, drugs that contain olive leaf extract can cause side effects such as muscle pain, diarrhea, nausea, dizziness, etc. if not taken in proper amount. This may hinder the growth of target market.
Global Olive Leaf Extract Market: Segment Analysis
Among the application, the cosmetic segment is expected to account for major revenue share in the global olive leaf extract market. This is due to its use as anti-oxidants and active ingredients in the preparation of various cosmetic product including night cream, anti-ageing cream, moisturizing cream, face toner, face serum, face wash, mouthwash, gel, hair conditioner, shampoo, body wash etc.
Among the form segments, the food and beverage industry segment is expected to account for major revenue share contribution in the global market, due to its use in various applications such as cosmetics, personal care, pharmaceutical, nutraceutical, and beverage products.
Global Olive Leaf Extract Market: Region Analysis
The North America market is expected to account for highest revenue share in the global olive leaf extract market during the forecast period, followed by Europe market. This can be attributable to increasing awareness regarding various benefits of olive leaf extract among end use industries.
In addition, growing applications of olive leaf extracts, increasing inclination of individuals towards healthy food product, and increasing R&D activities related to the olive leaf extract and its nutritional value are factors expected to support revenue growth of the target market.
The Asia Pacific market for olive leaf extracts is anticipated to register significant growth, due to growing inclination toward health benefits associated with consumption of olive leaf extracts. In addition, increasing demand for olive leaf extract in cosmetics and pharmaceutical industry.
Global Olive Leaf Extract Market Segmentation:
Segmentation by form:
Segmentation by end-use industry:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Evergreen Life Products
- Vabori Australia
- Starwest Botanicals Inc.
- Olivus Incorporation
- Comvita Limited New Zealand
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