The Global Chickweed Market size is projected to reach USD 8.6 billion by 2028. Growing demand for natural cosmetics and personal care products coupled with increasing awareness about the medicinal properties of chickweed are expected to drive the market growth over the forecast period.
Chickweed is a herbal plant belonging to the family of Asteraceae, which includes daisy and sunflower. These plants are characterized by their small flowers arranged in heads containing florets with no ray petals or disc florets; they have flowerheads surrounded by involucral bracts that resemble an outer layer or envelope. Chickweed has hairy stems and opposite leaves on short stalks, blooming from May to July with white or pinkish-white blossoms clustered into flowery heads at the ends of its branches. It's also known as "stitchwort" because it was used for treating wounds like stitches after battles during medieval times due to its astringent properties.
In the United States, Chickweed is most likely to be found in damp meadows and as well along stream banks. In some parts of Europe, it's grown on a commercial basis for use in herbal remedies and food supplements. It has been reported that chickweed is used in traditional medicine practices in Russia, India, China, and Japan where studies have shown its potential benefits both internally (for gastrointestinal problems) but externally too – helping with eczema or burns by providing anti-inflammatory properties which promote skin healing. The same can't be said for the Western world though because there are no clinical trials proving this assertion just yet.
On the basis of Type, the market is segmented into Tinctures, Tea, Oil, And Salve. The oil segment is anticipated to witness the fastest growth in this market over the forecast period whereas tincture will be a close second due to its convenience and ease of use.
Tinctures are made by steeping or soaking fresh, dried, or powdered chickweed in alcohol (typically vodka) for several weeks before straining out the plant matter. This process extracts many of the active compounds found in chickweed including saponins and tannins that have anti-inflammatory properties. Often these types of tinctures will then be mixed with honey to make them more palatable which improves their efficacy because it increases blood sugar levels thereby boosting metabolic rate leading to faster absorption into the system due to increased surface area of contact. Chickweed is most commonly considered to be a remedy for the common cold. It can also help with coughs and sore throats, as well as asthma.
Tea Chickweed is a perennial plant with narrow leaves and white flowers. It grows in moist soil mostly around the wetlands usually at elevations less than 1500 m above sea level. One of its most notable properties is that it has antiseptic, anti-inflammatory, antibacterial, antiviral, and anticancer effects. In addition to this, Tea Chickweed also helps relieve symptoms associated with asthma when used as an inhalant for chest congestion or coughs.
Oil is a perennial herb that grows in temperate climates. It has been used for centuries to treat eczema, psoriasis, and other skin diseases; this use is likely due to the high gamma-linolenic acid content of the oil which improves the production of prostaglandins necessary for wound healing. Its benefits are also seen as it helps with weight loss and lowers cholesterol levels.
Salve Chickweed is a plant belonging to the Urticaceae family, which grows up to 45-90 cm. It has green stalks with leaves shaped like a heart on top and small white flowers that have five petals. The chickweed sap can be used as a natural remedy for skin inflammation and allergy relief while the leaf tea helps regulate menstrual cycles. The root tincture also acts as a diuretic, antiseptic and mild sedative.
On the basis of Application, the market is segmented into Beverages; Pharmaceuticals; Cosmetics and Personal Care Products; Dietary supplements; Animal Feed. The first two segments are expected to show promising long-term sales potential in terms of value throughout the forecast period while others like cosmetics and personal care products have been witnessing stagnant growth for quite some time now but they still represent lucrative opportunities nonetheless given their large shares which could spur revenue gains going forward when coupled with other complementary factors such as increasing interest towards natural and organic products, growing demand for functional foods as well as increasing health awareness among consumers.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America, Latin America, and the Asia Pacific are expected to be lucrative markets as well due to their relatively higher numbers when compared with other regions like Middle East & Africa which have been witnessing slow growth rates owing to economic instabilities among others factors. Europe dominated the market by accounting for over one-quarter share of total revenues generated globally on an annualized basis during the 2017-2020 period while North American followed close behind taking up roughly 23%. Latin America was also projected to show promising long-term sales potential in terms of value throughout the forecasted period, however, they still represented only 13% shares.
Up Market Research published a new report titled “Chickweed Market research report which is segmented by Types (Tincture, Tea, Oil, Salve, Others), By Applications (Beverage, Pharmaceutical, Cosmetics And Personal Care, Dietary Supplement, Animal Feed), By Players/Companies Buddha Teas, Etsy, Bay Berry Bliss, Wild Carrot Herbals, Chagrin Valley Soap & Salve, LocalHarvest”.
|Report Attributes||Report Details|
|Report Title||Chickweed Market Research Report|
|By Type||Tincture, Tea, Oil, Salve, Others|
|By Application||Beverage, Pharmaceutical, Cosmetics And Personal Care, Dietary Supplement, Animal Feed|
|By Companies||Buddha Teas, Etsy, Bay Berry Bliss, Wild Carrot Herbals, Chagrin Valley Soap & Salve, LocalHarvest|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||241|
|Number of Tables & Figures||169|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Tincture, Tea, Oil, Salve, Others and By Application Beverage, Pharmaceutical, Cosmetics And Personal Care, Dietary Supplement, Animal Feed.
Some of the companies that are profiled in this report are:
Chickweed Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chickweed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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