Global Tongkat Ali extract market is about to witness projecting 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.
The extract is obtained from the roots of the Tongkat Ali plant and is traditionally used for various health benefits such as aphrodisiac, and the ailment of disorder. It is known to treat diseases such as jaundice, diarrhea, dysentery, intestinal worm, etc. Apart from this, Tongkat Ali extract is also known to boost blood flow and reduces fatigue. The global market for Tongkat ali extract is estimated to witness a healthy CAGR during the forecast period from 2018 to 2028.
Global Tongkat Ali Extract Market Key Players
Some of the key market participants in the global tongkat ali extract market are:
- LJack (M) Sdn Bhd
- Nutragreenlife Biotechnology Co.,Ltd
- Nutra Green Biotechnology Co.,Ltd.
- Beton Nutrition Corporation
- Other Prominent Players
The research report presents a comprehensive assessment of the Tongkat Ali Extract market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.
Global Tongkat Ali Extract Market Regional Overview
Tongkat ali extract is very popular in South Asian countries as well as other parts of Asia Pacific. It is a traditional herbal plant of Malaysia and is known to consumers for ages. Also, due to diversification in the food processing industry, the export base of South Asian countries has expanded and boosted the growth of tongkat ali market in this region. Tongkat ali extracts are also popular in North America, and various manufacturers are processing tongkat ali extract locally. Herbal medicines are also famous in Europe, but tongkat ali extract is classified as an unauthorized novel food. However, the market has vast opportunities to grow in North America and Asia region.
Global Tongkat Ali Extract Market Segmentation
The global tongkat ali extract market can be segmented on the basis of end-use application as:
- Dietary Supplements
- Cosmetics & Personal Care
- Sports Nutrition Drinks
- Functional Food
The global tongkat ali extract market can be segmented on the basis of nature as:
The global tongkat ali extract market can be segmented on the basis of geographical region as:
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
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