The global agrimony market is expected to grow from USD 321.7 million in 2023 to USD 534 million by 2033, at a CAGR of 5.2%. Agrimony, known for its medicinal properties, is increasingly used in pharmaceuticals, food & beverages, and herbal products. Rising consumer preference for natural remedies and sustainable health solutions are key growth drivers.
Agrimony, a medicinal herb with a long history of use in traditional medicine throughout the world, is one of the most popular herbs on the market today. It is widely used as an appetite suppressant, sedative, and anti-inflammatory agent. But according to recent market research reports, North America holds the largest share of agrimony in terms of volume and value.
Key Takeaways:
- Market Growth: Projected CAGR of 5.2% between 2023-2033.
- Demand Factors: Growing usage in herbal medicine, appetite suppression, and anti-inflammatory applications.
- Pharmaceutical Dominance: Significant growth attributed to its wide applications in traditional and natural medicine.
- Regional Insights: North America holds a 31% market share due to consumer preference for natural health remedies. Asia Pacific is emerging as a growth hub due to agricultural resource availability.
These are some of the major players in the Agrimony market
- Emorsgate Seeds
- Falcon Russia
- Herbs In A Bottle
- Carrubba
- RJWhelan
- Panacea Health
- MOUNTAIN ROSE HERBS
- Organic Herb
- GreenHerb Biological Technology
- Woodland Herbs
Agrimony market segmentation
By Form:
- Powder
- Dried leaf form
By Application:
- Pharmaceutical
- Food and Beverage industry
By Distribution channel:
- Store Based Retail
- Specialty Stores
- Online Retail
- Supermarkets
- Hypermarkets
By Region:
- North America
- Latin America
- Asia pacific
- Eastern Europe
- Western Europe
- Japan
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