Goldenseal is one of the traditional ingredients which is derived from the root of perennial herb in the buttercup family Ranunculaceae. It is a native medicine from the United States and southeastern Canada. The extract produced from the root of goldenseal which is a multi-purpose remedy, widely used in the form of powder for application in the medicine and pharmaceutical industry. Goldenseal is available in the market in forms such as powder, tablet, liquid, capsule, and tincture. Goldenseal provides health benefits include relief from gastrointestinal problems, cholesterol control, and the improvement of blood circulation. It is useful to boost the medicinal effect of another herb when used as a blend or formulation. Increasing awareness of Goldenseal for its health benefits and consumer preference for various application in the medicine and pharmaceutical industry drives an increase in demand in the global market.
Goldenseal Market is segmented on the basis of form, and application. On the basis of form, goldenseal market segments include powder, tablet, capsules, liquid, and tincture. Among all of these, powder segment holds the major share followed by capsule segment and is expected to register a growth during the forecasted period. Goldenseal is widely used in medicine as an immune booster. Goldenseal has been closely tied with application in beverages industry include mainly herbal tea and is expected to fuel the market over the forecasted period.
On the basis of application, goldenseal market segments include medicinal, pharmaceutical, dietary supplements, beverages, and cosmetics. Among all of these, medicine segment holds the major share followed by pharmaceutical and dietary supplement segment and is expected to register a steady growth over the forecasted period. Further, the market of beverage industry includes herbal tea which is a good probiotic and whole food vitamins.
On the basis of regions, Goldenseal Market is segmented into following key regions; North America, Latin America, Eastern Europe and Western Europe, Asia Pacific & Japan, and The Middle East and Africa. Among all of these, North America grabs the major share of global goldenseal market. The United States is one of the major producers of goldenseal extract. Consumption of goldenseal from these regions for application in medicine is high in the global market and it is expected to grow at a steady rate. Followed by Europe and Asia Pacific, also is expected to register a steady growth over the forecasted period.
Goldenseal has various application in the medicine and pharmaceutical industry as an herbal medicine and immune booster. Hence, it is one of the key drivers for a high demand in global market. Also, goldenseal is gaining its demand from the cosmetic Industry. Increasing awareness regarding medicinal benefits and widely used as herbal tea is expected to drive an increase in demand in the global market. The bitter taste of goldenseal stimulate the appetite and improves digestion and is expected to drive an increase in demand for the dietary supplement industry. Also, some claims state that it is beneficial for cancer treating in the initial stages drives the global goldenseal market. Goldenseal also used as an anti-inflammatory and astringent due to its antibiotic properties. It heals irritation in mucous membranes and helps to treat infection in eyes, ears, nose and throat and this factors expected to fuel the global market
Some of the key players participating the global Goldenseal Market include NOW Health Group, Inc., Spring Valley Herbs & Natural Foods, Nature’s Way Products LLC., Oregon’s Wild Harvest, Gaia Herbs, Inc., and Twinlab Corporation.
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