Global Sage Extract Market is valued at approximately USD 4.30 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.19% over the forecast period 2022-2029. Sage is used as a natural supplement. It is a plant that is indigenous to countries that surround the Mediterranean Sea. Tannic acid, ursonic acid, carnosic acid, fumaric acid, niacin, flavones, chlorogenic acid, and caffeic acid are all found in sage leaf. Sage is produced from the Salvia officinalis plant's leaf. It is also known as garden sage, dalmatian sage, real sage, and common sage. It demonstrates health-promoting properties like expectorant, cicatrizant, antifungal, antioxidant, antiseptic, and antibacterial properties. Sage Extract is widely used in cosmetics products. Thus, the rising cosmetics industry would create lucrative demand for the market. Also, another factor driving market is the growing pharmaceutical industry. The preparation of medicines for the treatment of digestive problems, such as diarrhoea, gastritis, appetite loss, and heartburn, uses sage extract. Additionally, sage extract is used to reduce excessive sweating and salivation. Sage extract is also used in medicinal uses for disorders such as depression and memory loss.
According to Statista, in 2015, the revenue of the global cosmetics market was USD 77,845.5 million and the number is anticipated to reach USD 1,31,041.2 million by 2026. Also, rising demand for herbal medicinal products and supplements will create lucrative opportunities for the market during forecast period. However, the high cost of Sage Extract stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Sage Extract Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising uses of sage extract in medicinal products in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand in cosmetics and pharmaceutical industries would create lucrative growth prospects for the global Sage Extract Market across the North America region.
Major market players included in this report are:
Mountain Rose Herbs
Recent Developments in the Market:
In 2018, Barrington Nutritionals, a leader, and provider of a diverse portfolio of additives and ingredients introduced its newest natural extract Sibelius: Sage. It has been clinically proven to improve cognitive performance within an hour of taking the suggested dose; it is a fast-growing substance in the field of cognitive health.
Global Sage Extract Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Nature, End-Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Cosmetics and Personal Care Industry
Rest of the World