The worldwide demand for stinging nettle root extract is expected to reach a market value of US$ 62.3 million in 2024, according to a new study by Fact.MR, a market research and competitive intelligence provider. By the end of 2034, the global market for this extract is projected to grow to US$ 145.3 million.

Consumers globally are increasingly turning to herbal and natural remedies as effective alternatives to conventional medicines, driven by concerns over potential side effects. The perceived health benefits of stinging nettle root extract have led to rising demand across various regions.

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Stinging nettle root extract is known for its anti-inflammatory properties and benefits for prostate health. It is also gaining popularity as a dietary supplement aimed at enhancing overall well-being, men’s health, and urinary tract health.

Key Takeaways from the Market Study
2024 Market Valuation: The demand for stinging nettle root extract is estimated to reach US$ 62.3 million.
2034 Market Projection: The global market is projected to grow to US$ 145.3 million.
Growth Rate: The market is expected to expand at a CAGR of 8.8% from 2024 to 2034.
Sales Channels: Hypermarkets and supermarkets are projected to account for 37.25% of global sales by 2034.
Regional Demand: In Japan, demand is anticipated to grow at a CAGR of 10.7% from 2024 to 2034.
East Asia’s Market Share: The region is set to contribute 25.7% of global market revenue by 2034.

Increasing Geriatric Population in Japan Driving Demand

The growing elderly population in Japan, which is more susceptible to various health issues, is a key driver for the increased consumption of stinging nettle root extract. These extracts are being adopted as dietary supplements to enhance health, particularly for managing benign prostatic hyperplasia among the elderly.

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Market Segmentations
By Form : Powder, Capsules
By Application : Food & Beverages, Pharmaceuticals
By Distribution Channel : Supermarkets/Hypermarkets, Medical Stores, Specialty Stores, Online Retail
By Region : North America, Europe, East Asia, Latin America, Middle East & Africa, South Asia & Oceania

Leading Market Players
Some of the key manufacturers of stinging nettle root extract include Charkit Chemical, Solaray, Now Foods, Bio-Botanica, Powerline Health, Xi’an Lyphar Biotech, and Zenith Nutrition.

Regional Market Insights and Trends
A recent study by Fact.MR highlights East Asia as a significant player in the global market, projected to hold a 25.7% share by 2034. The increasing use of stinging nettle root extract for medicinal purposes and the large elderly population are major growth drivers in the region.

In the United States, the market is set to dominate the North American region, with a projected 73.5% share by 2034. Awareness of the health benefits of stinging nettle root extracts is driving this growth. The extract’s pain-relieving, diuretic, and anti-inflammatory properties have led to its widespread use in tinctures, teas, and capsules, making the U.S. market highly promising.

China is expected to significantly contribute to East Asia’s revenue, with a projected 74.2% share by 2034. The rising consumption of tea for medicinal purposes and the growing elderly population are key factors driving the demand for stinging nettle root extract in China, highlighting a strong market trajectory in the region.