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2022
Horehound Market

Horehound Market by Nature (Organic and Conventional), Form (Liquid, Powder, and Oil), and Application (Food Flavoring Agent, and Pharmaceuticals & Drugs): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15181
Pages: NA
Feb 2022 | 63 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

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Horehound, often known as white horehound, is an aromatic perennial herb grown in Asia, America, and Europe. Horehound is the popular name for the Marrubium vulgare L plant, which belongs to the mint family. The Horehound plant is well-known for its possible therapeutic properties. Bronchitis, cough, stomach issues, and motion sickness are all treated with horehound.The expectorant properties of horehound allow it to be used in herbal lozenges and syrups to treat congested noses and coughs. Horehound also possesses analgesic and antispasmodic qualities, which complement its cough-relieving abilities. Horehound is effective in the treatment of congested bronchitis because it is both an expectorant and a vasodilator.Horehound is used to treat digestive disorders and dyspepsia by stimulating hunger and increasing the production of saliva and stomach fluids. Horehound is used to make tea, which has diaphoretic, antispasmodic, and diuretic qualities. It is used to cure uterine fibrosis, improve heart muscle contraction, and lower cholesterol levels.Due to its strong flavor and aroma, horehound is sometimes employed as a flavoring agent in candies and beverages.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

 2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

Nature, Form, Application, and Region

  Companies Covered

The Great American Spice Co., Bickford Flavors, Mountain Rose Herbs, Monterey Bay Spice Company Inc., Merck KGaA, Ricola AG, Herb Pharm, Mudbrick Herb Cottage., Nutraceutical International, and Swanson Health Products

 

COVID-19 Impact Analysis

  • COVID-19 is a global public health concern that has damaged almost every business, and its long-term implications are projected to have an impact on the Horehound Market growth throughout the forecast period.
  • Furthermore, COVID-19 has caused supply chain interruption. Many manufacturers were unable to operate efficiently as a result of the shutdown, and many of them were unable to obtain the raw materials they required on time. As a result of the inventory deficit, sales were lost.
  • COVID-19's lockdown restrictions, combined with a staffing shortage, resulted in a drop in Horehound output and sales.

Top Impacting Factors

  • Due to its medicinal features and prospective capacities in the treatment of bronchitis and cough, the horehound is projected to have a lucrative demand throughout the forecast year. This bitter herb is utilized in the modern composition of medical candies, lozenges, and syrups to aid in the relief of nasal congestion, cough, and sore throat in the consumer.
  • The demand for horehound is expected to rise as the plant is increasingly used to treat stomach issues.
  • Horehound demand is predicted to rise further as a result of the herb's unusual and powerful flavor, which is used as a flavoring agent in candies and beverages. The demand for horehound is being boosted by the growing market for herbal dietary supplements and confectionaries.

Market Trends

The Horehound Industry's Growth is expected to be boosted by Increase in Demand for Plant-Based and Botanical Products

Natural products are in more demand as customers become more concerned of their health, as they have no negative health impacts, unlike synthetic products, which can produce a variety of side effects. The global rise of the horehound market is being fueled by a growing consumer preference for herbal and organic supplements, as well as substantial improvements in the nutraceutical industry. The plant is also used to reduce digestive problems and promote the appetite, in addition to cough and bronchitis treatment.

The rising prevalence of obesity, digestive ailments, and other lifestyle-related diseases around the world supports this. Furthermore, the increasing usage of horehound as a flavoring additive in the food and beverage industry is expanding the product's market. Growing R&D activities in the horehound industry, as well as improvements in the food and beverage industry, are likely to boost market growth throughout the forecast period.

Horehound Demand is Anticipated to be Boosted by Asia-Pacific's Thriving Pharmaceutical Industry

With the region's increasing pharmaceutical sector, Asia-Pacific is predicted to contribute significantly to industry growth throughout the projection period. In the global pharmaceutical sector, India and China are the two most important regions. Furthermore, the popularity of Ayurveda in India, as well as its rising global reach, is likely to boost demand for horehound. The region's lucrativeness for horehound supplement sales continues to be bolstered by a growing health-conscious populace and a comparably larger consumer base. Apart from the fact that they are high in antioxidants, these supplements have acquired reputation as efficient stress relievers.

Other factors, like as the product's widespread availability and rising customer demand for herbal dietary supplements, are also contributing to the regional industry's growth. Meanwhile, in developed nations such as Europe and North America, a significant movement toward herbal and plant-based products is likely to expand market prospects in the future years.

Key Benefits of the Report

  • This study presents the analytical depiction of the Horehound industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Horehound Marketshare.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Horehound Marketgrowth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Horehound Marketanalysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Horehound Market Research Report

  • Which are the leading players active in the Horehound Market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is Horehound Marketprediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the Horehound Market?

Key Market Segments

Segments Sub-segments
Nature
  • Organic
  • Conventional
Form
  • Liquid
  • Powder
  • Oil
Application
  • Food Flavoring agent
  • Pharmaceuticals and Drugs
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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