The global jujube extracts market is projected to grow at a significant rate during 2018-2024, owing to the rapidly growing food industry coupled with a rise in the demand for processed food globally. The use of jujube extracts in multi-functional dietary supplements and various nutritional food products is boosting the growth of jujube extracts market. In modern society, the use of traditional medical systems as natural alternatives to synthetic medicines is increasing rapidly. According to a WHO report, 80% of the world population uses herbal medicine for their primary health care system. The growth of the jujube extracts market is fueled due to its medicinal properties, as a provider of high-antioxidant content and a good source of vitamin C and B-complex. However, owing to the highly perishable nature of jujube fruit, lack of storage techniques and transportation may hamper the jujube extracts market growth.
The jujube fruit grows mostly in Europe, Southern and Eastern Asia, and Australia, especially the inland region of Northern China. Jujube has a long history of usage as a fruit and remedy. Jujube is rich in protein, fat, carbohydrates, vitamin C, calcium and comprises of anti-cancer ingredients. Jujube extracts help in preserving muscles, body hormones, skin, enzymes, hair, bones, and neurotransmitters. Jujube extracts are helpful in relieving anxiety and stress along with protection from gallstone. Consumed on a daily basis jujube extracts improves the rehabilitation speed as compared to consumption of vitamin supplements. Mixed with herbs such as ginger, peppermint, and licorice jujube extracts help to reduce aching throat muscles, supports the functioning of immune system and prevents the symptoms of viral infections. Jujube extracts are also used as nutritional constituents in conventional foods, dietary supplements and functional foods. Jujube extracts are also used in skin products and help in decreasing wrinkles, treating sunburn and heal dry skin. Jujube liquid finds its usage in reducing anti-cancer effects and reduction of cancer-related cells. Jujube seeds are the main ingredient in Chinese medicines used for treating insomnia as it contains compounds such as saponins, flavonoids and polysaccharides.
The jujube extracts market is classified on the basis of product type, application and regions. On the basis of product type, the jujube extracts market is segmented into seed, powder, and liquid. On the basis of application, the jujube extracts market is bifurcated into food & beverages, pharmaceuticals and consumer goods. The food & beverage is the fastest growing segment, owing to rapidly flourishing food industry and use of extracts in various dietary food products. Growth of the pharmaceutical industry has also supported the jujube extracts market growth, owing to their usage as an ingredient in many medicines.
The market for jujube extracts is bifurcated on the basis of five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. Asia-Pacific and the North America are the major regions exhibiting growth in terms of consumption of jujube fruit, mostly in developing regions such as China. This is mainly attributed to the rising intake of functional foods, rising demand in dietary supplements and increasing consumer awareness for healthy food.
Some of the major players operating in the global jujube extracts market include Nutragreenlife Biotechnology Co.,Ltd, Chem-Bridge Co, Ltd., Shaanxi Sciphar Natural Products Co., Ltd., Alps Pharmaceutical lnd. co., Ltd., Damian Foodstuff (Zhangzhou)Co.,Ltd., DaeHeung Agricultural Co., Ltd., Risun Bio-Tech Inc., XBrain ltd., Naturalin Bio-Resources Co., Ltd., Edwards And Co. and Alps Pharmaceutical lnd. Co., Ltd..
Global Jujube Extracts Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2024