In the last few years hoodia has gradually become popular as a fat-fighting supplement. It is also known as Bushman’s hat. In a new study, titled “Hoodia extract Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027,” Transparency Market Research (TMR) offers a comprehensive market overview. It delves into analyzing the key growth drivers and restraints that are influencing the market’s overall trajectory. It is intended to help readers gain a better perspective on the global hoodia extract market.
The demand for hoodia is rising due to the appetite suppressing properties present in its chemicals. Hoodia extracts are rich in active natural ingredient, which as per reports, can effectively reduce calorie intake. Hence they are used in various beverages and pharmaceutical. According to TMR, Namibia, Angola, and Botswana are known for producing rare species of Hoodia.
In the coming years, the demand for hoodia is expected to increase as a result of rapid urbanization, increasing population, and the rise disposable income. Furthermore, the rising prevalence of obesity is likely to spur the demand for various fat-fighting supplements, subsequently creating growth opportunities for the global hoodia extract market. As per TMR, pharmaceutical industries accounted for the lion’s share in the global market in terms of demand for hoodia. The industry uses hoodia extracts in the manufacturing of certain medicines and dietary supplements. However, in a few clinical trials it was revealed that consuming hoodia can trigger weird skin sensation and vomiting and may elevate blood pressure.
As per studies hoodia extract has a unique chemical property, which acts like a pseudo-glucose in a body. While hoodia extracts helps in weight reduction, its properties can also reduce thirst which is not advised. Dry, sticky mouth and liver damage are some of the side effects that hoodia extracts can trigger. Awareness regarding the same may negatively impact the overall market. Meanwhile, there are a few studies reasserting benefits of consuming hoodia, which curbs appetite almost immediately after consumption, without making your heart race or palpitate. Such mixed reports can restrain the market to an extent.
Regionally, the global hoodia extract market can be segmented into Latin America, Europe, Asia Pacific, North America, Japan, and the Middle East and Africa. Among these regions, North America and Europe are forecast to hold a considerable share in the global market. The hoodia extract market in Asia Pacific and Japan are however forecast to rise gradually in the coming years.
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Prevailing trends in the global hoodia extract market can also be gauged by studying various strategies adopted by the market players. Some of the most prominent companies operating in the market are Nutra Green Biotechnology Co. Ltd., Xinya Bio, DaXingAnLing Lingonberry Organic Foodstuffs Co., Penta Manufacturing Company, Cepham Inc., Kefiplant, FLAVEX Naturextrakte GmbH, Navchetana Kendra, Afrigetics CC, and Tru Body Wellness. Strategies adopted by these companies are likely to have a significant impact on the global hoodia extract market.