Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 323.61 Million | USD 476.89 Million | 4.96% | 2022 |
The global hornbeam market size was worth around USD 323.61 Million in 2022 and is predicted to grow to around USD 476.89 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.96% between 2023 and 2030.
The hornbeam belongs to the Betulaceae family. They have crooked fluted trunk and grow up to a height of 15 to 25 M. The regions where the hornbeam plants are found include Europe and Western Asia. The hornbeam’s bark and leaves are used for the medicinal purposes for the treatment of several disorders.
The species of American hornbeam is found in the natives of Chicago. They have leaves that have a reddish-purple color which gradually changes to dark green. It then changes to yellow and when it turns orange-red it falls down.
In the coming years, a rapid growth of the hornbeam market will be experienced. The hornbeam is used in a wide range of applications in the cosmetic and pharmaceutical industries. The hornbeam is used widely in reliving the physical tiredness and the mental fatigue. The hornbeam’s medicinal properties such as improving the vitality and energy levels are triggering the demand for the hornbeam market. The essence of the hornbeam flower is increasingly used in treating the problems such as anxiety, insomnia, stress, depression, and other disorders. The use of the hornbeam keeps the mind active and triggers in doing the daily routines without getting stressed. The hornbeam is used in combination with other ingredients such as white chestnut, olive, and gentian for several purposes. Owing to the hemostatic properties of the hornbeam it helps in quick healing of the cuts, burns, wounds, bruises, and other types of minor injuries. Owing to all these beneficial properties the demand for the hornbeam market is growing at a rapid rate.
The global hornbeam market is fragmented into its source, application, end-user industry, and distribution channel.
Based on the source, the global market is segregated into convention and organic source.
Based on the application, the market is categorized into antiseptic, anti-inflammatory, astringent, and antibiotic.
Based on the end-user industry, the hornbeam market is divided into pharmaceutical industry, carpentry industry, households, and healthcare industry.
Based on the distribution channel, the market is bifurcated into direct and indirect segments. The indirect segment is sub-categorized into specialty store, e-retailers, modern trade, and medical store.
Based on the application, the global market is fragmented into pharmaceutical industry, retail, and cosmetics industry.
Report Attributes | Report Details |
---|---|
Report Name | Hornbeam Market Research Report |
Market Size in 2022 | USD 323.61 Million |
Market Forecast in 2030 | USD 476.89 Million |
Growth Rate | CAGR of 6.29% |
Number of Pages | 178 |
Key Companies Covered | India Essential Oils, Healingherbs Ltd, India Aroma Oils and Company, The Bach Centre, Bio Lonreco, and others. |
Segments Covered | Based on the source, Based on the Uses, Based on the application, Based on the end-user industry, Based on the distribution channel, Based on the application, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The hornbeam is majorly found in the regions of Western Asia. The regions that have the maximum share in the hornbeam market are the Middle East and Africa and Asia Pacific. In the regions such as the North America and Europe, the hornbeam market is growing rapidly owing to the increased applications of hornbeam in the pharmaceutical sector. As these regions have an increased number of pharmaceutical industries the hornbeam market is developing at a good rate in these regions.
The key market players that are involved in the hornbeam market include
The Global Hornbeam Market is segmented as follows:
By source
By Uses
By end-user industry
By distribution channel
By application
Hornbeam Market: Regional Segment Analysis
What Reports Provides
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed