Lovage Extract Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Lovage Extract Market size was valued at USD 1923.65 Million in 2023 and is predicted to reach USD 2,895.87 Million by the end of 2032. The market is expected to grow with a CAGR of 4.65% during the forecast period. The report analyzes the global Lovage Extract Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Lovage Extract Market industry.

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Global Lovage Extract Market: Overview

Lovage is a perennial plant having leaves with basal rosette shape. The plant is most popular in Europe with the plant extract producing an exquisite aroma. With nice fragrance, the lovage extract finds myriad applications in soups as well as in flavoring agent. It has been claimed that the product was transported from European nations to other regions in the form of medicine as well as a food item. Today, its growth has been witnessed in many parts of the U.S. such as New Mexico, Colorado, New England, Great Lakes, and Wyoming.

Global Lovage Extract Market: Growth Factors

Massive customer consciousness pertaining to health benefits is anticipated to accelerate the lovage extract market trends. Additionally, the intense use of the product in the pharmaceutical sector will boost market expansion in the coming future. Health issues are largely related to dyspepsia, intestinal gas, and stomach bloating and will further leverage the lovage extract market earnings. Large-scale farming of the lovage plants in European zone will steer the growth of lovage extract market over the estimated timeline.

Today, people are facing health concerns such as asymmetrical menstrual cycles, migraine pain, sore throat, gout, and joint pain. Lovage extract offers relief from the health problems to the patients and this has made the product popular across the pharmaceutical sector. Additionally, beneficial features such as the ability to release mucus to treat respiratory ailments will further enhance the scope of the market.

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Global Lovage Extract Market: Segmentation

The lovage extract market can be classified into origin, form and application.

On the basis of origin, the market is divided into shoot and root.

Form wise, the market is classified into liquid, paste, and powder.

Application wise, the lovage extract market is divided into spice, alternative medicine, and flavoring agent.

Lovage Extract Market : Report Scope

Global Lovage Extract Market: Regional Analysis

Based on the region, the lovage extract market can be divided into five main regions: Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. North America is predicted to dominate the overall lovage extract market, subject to a massive intake of the product as a diet component in cuisines as well as preference for herbal spice & flavors. With a large consumer base in the region, the U.S. is predicted to be the major regional revenue contributor. The European market is projected to be swiftly expanding due to a rise in the levels of customer awareness pertaining to medical advantages offered by the product. Immense product penetration across the food & beverages sector in the form of roots or salads will be the key growth driver for the market in the European zone.

The market surge in Asia Pacific zone is influenced by the large-scale awareness among the people about alternative medicine.

Global Lovage ExtractMarket: Competitive Players

Few of the major participants of lovage extract market include :

• Botanical Specialties
• Albert Vieille SAS
• ActiveHerb
• Aunutra Industries Inc.
• Kahikatea Farm
• Frutarom Ltd.
• Flavex Naturextrakte
• Biofirst
• Changsha Vigorous-Tech Co., Ltd.
• Carrubba Inc.
• Bio Botanica Inc.
• Horner International Co.
• Vege Tech Co.

The Global Lovage Extract Market is segmented as follows:

By Origin 

• shoot 
• root 

By Form 

• liquid 
• paste 
• powder 

By Application 

• spice 
• alternative medicine
• flavoring agent

Global Lovage Extract Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.