Herb ingredients or food ingredients have showed greater potential on the market, especially in pharmaceutical and food manufacturing industries. While, what could be the top 3 ingredients on the market? I'll give you my analysis here.
First, curcumin powder；
According to a research report by market research company Credence, the global curcumin market will continue to grow steadily during the forecast period. It is estimated that the global market value of curcumin will reach US$84 million by 2022. The CAGR from 2015 to 2022 is approximately 11.6%, and the market value in 2015 was US$30 million.
Curcumin's anti-inflammatory and antioxidant properties make it very suitable for food and medical applications. For example, curcumin's advantages in inhibiting the growth of Helicobacter pylori have increased the demand for nutritional supplements for the treatment of gastric ulcer and gastric cancer.
North America is one of the regions with the largest sales of curcumin, and its sales in 2014 even exceeded US$20 million. Curcumin extracts or curcumin are used more and more widely in cosmetics, and the market demand for curcumin has also been further increased in the forecast stage.
Second,Echinacea Purpurea Polyphenols；
Echinacea ranked second, with total sales of US$110,331,569 in 2018, an increase of 15.1% over 2017. It belongs to the daisy family and is a natural antibiotic that can be used to treat wounds and prevent infections. There are many types of echinacea cream on the market that can be used on wounds to heal wounds faster and prevent infection. Echinacea tea is also a good drink and it can be incorporated into your daily diet. In addition to preventing infection, it also helps to activate the body's immune system.
According to the latest "HerbalGram" market report, the total sales of herbal dietary supplements in the United States reached US$8.842 billion in 2018, an increase of 9.4% from 2017. The 2018 Technavio report pointed out that the compound annual growth rate of elderberry will reach 7% during 2018-2022. Elderberry ranks third among the best-selling herbal dietary supplements. Sales increased by 138% year-on-year in 2017. It is the fastest growing among the top 25 dietary supplement products. The elderberry is expected to grow fast in the 2019-2020 flu season. Among them, immune health and weight management are the two major demands that driving growth.