Global Kratom Extract Market Growth 2024-2030

Global Kratom Extract Market Growth 2024-2030

Product Code:1179462

Published Date: Apr 22,2024

Pages: 101

Region: Global

Category: Consumer Goods

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Kratom is a tropical tree native to Southeast Asia. Kratom extract is a dietary supplement that may make people feel energized or relaxed.

The global Kratom Extract market size is projected to grow from US$ 167 million in 2024 to US$ 267 million in 2030; it is expected to grow at a CAGR of 8.1% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Kratom Extract Industry Forecast” looks at past sales and reviews total world Kratom Extract sales in 2023, providing a comprehensive analysis by region and market sector of projected Kratom Extract sales for 2024 through 2030. With Kratom Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Kratom Extract industry.

This Insight Report provides a comprehensive analysis of the global Kratom Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Kratom Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Kratom Extract market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Kratom Extract and breaks down the forecast by Type, by Channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Kratom Extract.

The core manufacturers in global Kratom Extract market are MIT45, VivaZen and Happy Hippo, etc, accounting for 43% market share. MIT45 is the world's largest Kratom Extract manufacturer, occupying approximately 26% of the market share. From the perspective of product type, Liquid accounted for a share of 32% in the global Kratom Extract market. In terms of channel, Offline holds the largest share, accounting for 64% share.

This report presents a comprehensive overview, market shares, and growth opportunities of Kratom Extract market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Powder
    Liquid
    Capsules
    Gummies
    Other

Segmentation by Channel:
    Offline
    Online

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    VivaZen
    MIT45
    Kats Botanicals
    Kratomade
    DBZ Enterprises (K-Chill, Kryptic)
    Kraken Kratom
    Super Speciosa
    Kr8om
    Happy Hippo

Key Questions Addressed in this Report
What is the 10-year outlook for the global Kratom Extract market?
What factors are driving Kratom Extract market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Kratom Extract market opportunities vary by end market size?
How does Kratom Extract break out by Type, by Channel?