The root vegetable known as Maca originates from the Peruvian Andes. Maca, also known as Peruvian Ginseng is reported to have numerous health benefits. In fact, powdered Maca is considered a unique superfood that boosts energy, improves stamina and enhances libido. Maca root powder is also widely used in many of the best male enhancement pills. Maca root extract is contained in many leading male enhancement supplements and is widely used to treat hot flushes, memory loss, stress, depression and fertility.
Maca extract is also rich in essential minerals such as phosphorus, iodine, potassium, sodium, manganese, calcium, iron and magnesium. Maca stimulates the pituitary gland and the hypothalamus, the glands responsible for regulating other important glands. This in turn, helps to re-balance the testicular, ovarian and adrenal glands, the pancreas and the thyroid.
Maca extract industry is mainly concentrated in Peru and China. Currently, there are many maca extract products producing companies in the world maca extract industry. The main market players are Koken, Peruvian Nature, Panpacific Corporation, Natural Health International, Inca Health and Jiaherb.
The global consumption value of maca extract increases with the 76.82% average growth rate. South America and North America are the major consumption region due to the bigger demand of downstream applications. In 2016, these this region occupied 42.20% of the global consumption volume in total.
Maca extract include many forms with different extract ratio. And each form has different application industries with price difference. With medical effect of maca extract, the downstream application industries will need more maca extract products. So, maca extract has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance maca extract through improving technology.
The major raw materials for maca extract products are maca and other auxiliary materials. Fluctuations in the price of the upstream product will impact on the production cost of maca extract. The production cost of maca extract is also an important factor which could impact the price of maca extract.
The global Maca Extract market was 56 million US$ in 2018 and is expected to 61 million US$ by the end of 2025, growing at a CAGR of 1.1% between 2019 and 2025.
This report studies the Maca Extract market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Maca Extract in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Natural Health International
MG Natura Peru
Phyto Life Sciences
By the product type, the market is primarily split into
White to Yellow
Light Pink to Dark Purple
Light Gray to Dark Gray
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Maca Extract market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Maca Extract market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Maca Extract manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Maca Extract with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Maca Extract submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Maca Extract are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Maca Extract market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Maca Extract market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.