Kava Roots Extract Market Scope:
Global Kava Roots Extract Market size was valued at USD 1.18 billion in 2022 and is poised to grow from USD 1.37 billion in 2023 to USD 4.59 billion in 2031, at a CAGR of 16.30% during the forecast period (2024-2031).
Kava Roots Extract Market Driver
Increase in preference for herbal medicine over the chemical drugs due to various side-effects which are shown by them. The herbal industry is picking pace because consumers are preferring medicinal plants and herbs for maintaining their health and wellness. Kava root extracts have many medicinal values like in some countries of Europe they use it for treating anxiety and nervous disorders such as insomnia, stress, and restlessness. Therefore, increasing popularity of kava to treat various disorders is expected to drive the market growth.
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Kava Roots Extract Market Size research report 2024 offers an in-depth assessment of revenue growth, market definition, segmentation, industry potential, and influential trends for understanding the future outlook and current prospects for the market.
This report is quite popular as the different industries use the Kava Roots Extract Market demand analysis. It helps to understand how much consumer demand exists for a particular product or service for the period of 2024 – 2031. The best thing about this analysis is that it allows the management to determine if their business could effectively enter a market. It also helps the company to generate enough profits that could be beneficial to advance its business operation. It is essential for the business to understand the market demand for a particular product and service to help them make an effective business decision. And market demand analysis is the perfect process that helps to understand the customer demand for a product or service in a target market.
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Key players covered in the report:
- Kava Kauai
- Nakamal at Home
- Kava Society
- Kona Kava Farm
- Vanuatu Kava
- Bula Kava House
- Gourmet Hawaiian Kava
- Fiji Kava
- Root of Happiness
- Kalm with Kava
- Mahakea Kava
- Cactus Kava
- Tongan Kava
- Taki Mai
- Melo Melo Kava
- Wakacon
- Kava Konnection
- Ozia Originals
- True Kava
- Kavafied
Recent Developments
- The beverage Kava 2.0 was introduced in January 2024 by Mitra-9, a beverage manufacturing firm that aids in relaxation. There are two versions for the beverage: RelaxPaks and Seltzers.
- Botanic Healthcare started a solar power plant project in Telangana, India, in August 2023. With an installed capacity of 300 kW, this rooftop solar power plant will help Botanic Healthcare lower its electricity costs.
- CuraScientific Corp. declared in July 2023 that it would begin producing kava extract under its own brand. The company will be better able to meet the rising demand in the US market for goods based on kava extract thanks to this expansion of manufacturing.
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Research Methodology
For precise determination of the market potential, the Kava Roots Extract Market is studied using Porter’s Five Force Model and a SWOT analysis has been conducted for a better understanding of the business environment.
Major Table of Contents for Research Report:
- Introduction
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Market Analysis, Insights, and Forecast, 2024-2031
- Competitive Landscape
- Revenue Growth, Kava Roots Extract Market Industry Share Analysis, By Key Players
- Company Profiles
- Conclusion
Key Questions Answered:
- What is the size of the Kava Roots Extract Market in terms of revenue, sales volume, or number of users/customers?
- Who are the key players in the Industry, and what are their market shares?
- What are the trends and drivers shaping the Kava Roots Extract Market, and what are the challenges and opportunities?
- What are the different segments of the Kava Roots Extract Market, and how are they expected to grow?
- What are the key products and services offered in the Kava Roots Extract Market?
- What are the pricing strategies and competitive landscape of the Kava Roots Extract Market?
- What is the production and production value of the global Kava Roots Extract Market?
- What are the growth factors driving the market demand?
- What are the future prospects and growth potential of the Kava Roots Extract Market?
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