Achillea Millefolium Extract Market size was valued at USD 150 Million in 2024 and is forecasted to grow at a CAGR of 6.25% from 2026 to 2033, reaching USD 250 Million by 2033.
The Achillea Millefolium Extract Market Is Poised For Significant Growth, Driven By Its Widespread Applications In The Pharmaceutical, Cosmetic, And Nutraceutical Industries. The Increasing Demand For Natural Ingredients With Therapeutic Properties Is Expected To Propel Market Expansion. In 2022, The Market Size Was Valued At Approximately Usd 1.2 Billion And Is Projected To Grow At A Compound Annual Growth Rate (Cagr) Of 7.8% From 2022 To 2030. The Rise In Consumer Preference For Plant Based And Organic Products, Along With The Growing Recognition Of Achillea Millefolium S Medicinal Benefits, Will Contribute To The Market S Robust Growth Trajectory. As A Natural Remedy Known For Its Anti Inflammatory, Antioxidant, And Antimicrobial Properties, Achillea Millefolium Extract Is Increasingly Incorporated Into Skincare, Wellness, And Traditional Medicine Products, Further Driving Demand.
Market Size In 2022: Usd 1.2 Billion
Projected Cagr (2022 2030): 7.8%
Application Sectors: Pharmaceutical, Cosmetic, Nutraceutical
Key Growth Drivers: Demand For Natural Ingredients, Rising Health Consciousness, Increasing Use In Skincare Products
New Technology And Innovation In Extraction Processes Are Anticipated To Enhance The Quality And Yield Of Achillea Millefolium Extract, Offering Lucrative Opportunities For Growth. Advancements In Methods Such As Supercritical Co2 Extraction And Solvent Free Technologies Are Improving Product Purity And Increasing Efficiency, Making The Extract More Accessible To A Broader Market. These Technologies Also Enable Sustainable Sourcing Practices, Aligning With The Growing Trend Towards Eco Friendly Production. As A Result, The Achillea Millefolium Extract Market Is Not Only Expanding In Terms Of Size But Also Evolving To Meet The Demands Of An Environmentally Conscious And Health Conscious Consumer Base.
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Who are the largest US manufacturers in the Achillea Millefolium Extract Market?
CLR Berlin
Akott
BASF
Biogründl
Chemir
Dermalab
KOEI KOGYO CO.
LTD
Res Pharma
The Garden of Naturalsolution
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Achillea Millefolium Extract Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Achillea Millefolium Extract Market
By Formulation Type
Liquid Extracts
Powdered Extracts
Capsules
Tablets
By Application
Pharmaceuticals
Cosmetics and Personal Care
Dietary Supplements
Food and Beverages
By End-User
Healthcare Professionals
Consumers
Beauty and Personal Care Companies
Food and Beverage Manufacturers
By Distribution Channel
Online Retailers
Health Food Stores
Pharmacies
Supermarkets and Hypermarkets
By Region of Usage
North America
Europe
Asia-Pacific
Latin America
Which regions are leading the Global Achillea Millefolium Extract Market?
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Achillea Millefolium Extract Market Research Report, 2024-2032
1. Introduction of the Global Achillea Millefolium Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Achillea Millefolium Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Achillea Millefolium Extract Market, By Type
6. Global Achillea Millefolium Extract Market, By Application
7. Global Achillea Millefolium Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Achillea Millefolium Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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