Maca Extract Market Size & Share, by Type (Raw/Regular Maca Powder, Gelatinized Maca Powder); Color (Black, Red, Yellow); Application (Pharmaceutical, Therapeutic, Nutritional Powders, Bakery Products, Beverages) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 2729
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Maca Extract Market size is expected to cross USD 90.64 Million by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of maca extract was over USD 57.24 Million. The maca plant is also known as a superfood because of its peculiarity, beneficial properties, and high historical use. The maca root and the derived products are likely to grow in popularity as well as stabilize, just like other superfoods originating from Latin America.

The rising consumer knowledge of the health advantages of maca extract products is the main driver propelling the expansion of the maca extract market. Due to maca being used more often across a wide range of sectors, the maca extract market is expanding significantly. For example, it is taken by athletes, persons who perform strenuous labor, or students who are always under deadline pressure as an energy booster and stress reducer. A total of 59 million Americans buy vitamins, herbs, and supplements each year. About 4.1 million of those sales come from customers who are youngsters.


Maca Extract Market
Get more information on this report: Request Free Sample PDF

Maca Extract Sector: Growth Drivers and Challenges

Growth Drivers

  • Traditional Utilization in Healthcare Sector to Drive the Demand- In Latin America, where it is known to enhance fertility and be an aphrodisiac, the plant has a longstanding history of use. Based on its use, maca extract has a number of beneficial properties that contribute to its increased use as a medicinal product and as a treatment. The nutritional sector already uses a substantial amount of maca extract, and this is expected to increase significantly over the coming years. This also helps the maca extract Industry, which is booming due to increased demand for these dietary fibers and supplements in all parts of the world.
  • The Attributes and Useful Properties to Propel the Market Demand- Due to its uncommon market demand, important functional characteristics, and wide use both indoors and outdoors. Similar to other superfoods originating in the Latin American region, Maca root extract and its derivative products are expected to be significantly expanded and eventually stabilized over the forecast period. The majority of the market for them is based on claims that maca root extract can be used to decrease infertility. According to the World Health Organization, nearly one in every six adult population experiences infertility across the globe.
  • Trending Shift Towards Organic Consumption- One major contributor to maca extract growth is the strong preference of individuals for organic flavors and consumption that has established its roots in mainstream markets in Western countries.

Challenges

  • High Price and Severe Competition in Market - The market's pricing and fierce competition are only two of the challenges that might prevent it from expanding. Despite being unique, the maca competes with several other natural fertility medicines that are often less expensive, which is damaging the market in developing countries. However, the higher costs associated with it have hampered the expansion of the global maca extract market.
  • Low Awareness Reading the Availability of Maca
  • Lack of Scientific Evidence

Maca Extract Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 4%

Base Year Market Size (2022)

 ~ USD 57.24 Million

Forecast Year Market Size (2035)

 ~ USD 90.64 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Maca Extract Segmentation

Type (Raw/Regular Maca Powder, Gelatinized Maca Powder)

The gelatinized maca powder is anticipated to have the highest market share of 58% during the forecasted timeframe. Heat treatment of the gelatinized maca powder helps to concentrate the powder and removes all starch content from the root. In the event of customers with starch sensitivity, the elimination of starch helps the situation and facilitates digestion.

Application (Pharmaceutical, Therapeutic, Nutritional Powders, Bakery Products, Beverages)

The nutritional powders segment is poised to collect the highest revenue by the end of 2035. The usage of maca powder as a nutritious powder is particularly widespread and is predicted to skyrocket in the future years. Maca extract supplements are utilized in nutritional supplements to increase energy levels in the body. It’s supplements are utilized in nutritional supplements to increase energy levels in the body. They help mental health by, among other things, lowering stress and anxiety, enhancing memory retention and brain function, increasing focus, stabilizing mood swings, and fostering relaxation of the human mind-body system.

Our in-depth analysis of the global market includes the following segments:

Type

  • Raw/Regular Maca Powder
  • Gelatinized Maca Powder

Color

  • Black
  • Red
  • Yellow

Application

  • Pharmaceutical
  • Therapeutic
  • Nutritional Powders
  • Bakery Products
  • Beverages

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Maca Extract Industry - Regional Synopsis

Latin American Market Forecast

Latin America is expected to garner the highest revenue with a 35% market share during the forecast period. Because of historically high consumption and relatively simple availability, Latin America is the leading area. Additionally, over the next years, the market in this sector is expected to be primarily influenced by demand for products linked to sexual wellness and reproductive health. Latin America will control a large portion of the maca extract market share in the anticipated timeframe due to its cultivation and well-developed healthcare system.

North America Market Statistics

The North America region is estimated to have a 28% market share during the forecast period. Customers' rising health consciousness and desire to spend more money on luxury and exotic goods are directly related to product demand. The tremendous development in both regions is ascribed to greater accessibility to maca and its derivative products, and growing knowledge of the advantages of maca extracts. The major factor influencing the market in the region is also the nature and organismic status of a significant number of Maca plants.

Research Nester
Maca Extract Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Maca Extract Landscape

top-features-companies
    • Koken del Peru S.R.L.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Peruvian Nature
    • Symphony Natural Health
    • Inca Health
    • Merril Natura
    • Pebani Inversiones S.A.
      • StandPeru
      • Phyto Life Sciences P. Ltd.
      • JIAHERB
      • The Maca Team, LLC

In-the-news

In The News

  • JIAHERB, was recognized by the United States Pharmacopeial Convention (USP) with the Donor Recognition honor for their partaking in USP’s standard-setting activities in 2018 and 2019. JIAHERB’s input added noteworthy public benefit to the USP mission, which is to advance global health through public standards and associated programs that help certify the quality, security, and benefit of medicines and food.
  • Inca Health introduces Maca Power in the European Market. Inca Health Corporation, a Peruvian company that dedicates to exporting natural and botanical products since 2000 proudly introduces to the European market its new product Maca Powder: the vital secret of Incas. Inca Health's Maca is a product of the highest consistent quality because it's grown on our lands and produced in our own GMP rated factory. We control the production process from the fields to the factory, this is the only standardized extract of Maca made in Peru.

Author Credits:  Anil Kumar, Ipsheeta Dash


  • Report ID: 2729
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the maca extract market are it is known as superfood because of its peculiarity, beneficial properties and high historical use.

The market size of maca extract is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Peruvian Nature, Symphony Natural Health, Inca Health, Merril Natura, Pebani Inversiones S.A., StandPeru, Phyto Life Sciences P. Ltd., JIAHERB, The Maca Team, LLC, and others.

The nutritional powders segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Latin America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Maca Extract Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying