Published Date : 25 Jul 19 | Views: 104 | Industry : Chemical & Material
The global Olive Leaf Extract market is segmented into two segments- Application and by Form. By Application the market is segmented into Beverages, Pharmaceuticals, Dietary Supplements, Cosmetics, and Others. Olive Leaf Extract contains the characteristic to enhance skin health because of this it is widely used in a variety of products in the cosmetic industry. Based on form, the market is segmented into Liquid and Powder.
Significant growth in the pharmaceutical and cosmetics industry in the Asia Pacific region boosting the demand for Olive Leaf Extract. The Asia Pacific is likely to record steady growth during the projected period owing to health benefits associated with Olive Leaf Extract consumption. According to the report, North America and Europe are estimated to obtain a larger share of the global market during the predicted period. Rising awareness about the plant leaves benefit and growing R & D activities are the factors, which drive the potential growth in these regions.
The major market participants functioning in the market are Olivus Incorporation, Frutarom, Starwest Botanicals Inc., Döhler, Vabori, Comvita Ltd., Barlean’s, Evergreen Life Products, Gaia Herbs, and NutriLiving.
Increasing demand for organically grown Olive Leaf Extract is creating opportunities for manufacturers. A diet that contains olive oil products known as the Mediterranean diet, it is trending among the global population thus boosting the demand of the market. Apart from this, increasing chronic disorders, heart diseases, characteristic to lower the blood pressure is anticipated to drive the growth of the Olive Leaf Extract market. Olive Leaf Extract has wide application in the personal care and cosmetic industry. It is also used as a tonic for weight loss. All these factors are prophesied to trigger global Olive Leaf Extract market.
However, improper consumption of the extract of Olive Leaves cause dizziness, muscle pain, diarrhea, and nausea. This is likely to hamper the market growth. High cost in research and development and lack of awareness about the Olive Leaf Extract is prognosticated to affect the market growth during the forecasted period.