Global Red Clover Market estimated to grow according to forecasts

The Global Red Clover Market Size Is Projected to Grow from USD 1.7 Billion In 2022 To USD 3.92 Billion By 2028, At A CAGR of 11%.

Market Overview:

Red clover is a wild plant associated with the legume family. Cattle and other animals graze on red clover. It offers excellent phytoestrogen activity as it contains many Phyto estrogenic isoflavones (plant-based chemicals that produce estrogen-like effects in the body). Extracts of red clover isoflavones are different from the whole herb, and in fact, represent only a small, highly concentrated, and probably bioactive part of the total herb. It has also been utilized medicinally to treat various conditions such as cancer, whooping cough, respiratory issues, and skin inflammations, such as psoriasis and eczema.

Top Key Players for Red Clover Market:

Avestia Pharma (India), Herbo Nutra (India), Monterey Bay Spice (US), Herb Pharm LLC (USA), Et-Chem (China), Nanjing NutriHerb BioTech Co.Ltd (China), Indigo Herbs (UK) and other major players.

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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Market Dynamics and Factors for Red Clover Market:

Drivers:

Frequency of Menopausal Issues

Women in their menopause stage face various issues such as insomnia, hot flashes, and, in numerous cases, sexual dysfunction. Many women opted for supplements containing estrogen, which may significantly raise the risk of blood clots, stroke, or breast or uterine cancer.

Therefore, estrogen may not be an option for many women, depending on their health and family health history. Women are currently willing toward supplements with naturally therapeutic ingredients to manage their menopause symptoms with fewer risks. In response to such switching preferences of women, supplement producers have turned to natural substitutes.

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Opportunities:

Developing Technologies

Some of the trending advancements in drug development include the application of nanotechnology for the synthesis of APIs. The developing nanoparticle technologies for efficient delivery of APIs shows promising potential as a novel and efficient approach. Nanobodies are similar to single-domain antibodies that can bind to specific antigens; nevertheless, they are much smaller in size than antibodies. Nanobodies are significantly becoming an attractive technology platform for pharmaceutical development. In addition, bispecific antibodies, which can bind to two different epitopes either on the same or different targets, are attracting the attention of market players. Such developing technologies have the potential to produce lucrative opportunities for market players.

Segmentation Analysis of the Red Clover Market:

By type, the red clover market can be segmented into raw and processed forms. Among these segments, the processed form is expected to grow further in the forecast period, then the raw form. The processed form is available in the market as oils and extracts, while the raw form is accessible in the red clover market as dried herbs.

By application, the pharmaceutical industry is expected to dominate the Red Clover market during the forecast period. Owing to extensively utilized as a traditional medicine to treat osteoporosis, heart disease, skin disorders, arthritis, cancer, respiratory issues such as asthma, and women's health issues, such as menstrual and menopausal symptoms.

By Type

• Raw Form
• Processed Form

By Application

• Food & Beverage Industry
• Agriculture Industry
• Pharmaceutical Industry
• Animal Feed Industry
• Cosmetic & Personal Care Industry

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Regional Analysis of the Red Clover Market:

The North American region is expected to dominate the red clover market over the forecast period. Growing cases of obesity in North America increase the focus on weight management techniques & attract consumers toward healthy and natural food products with natural ingredients, thereby accelerating the demand for red clover in the region.

The large-scale demand for red clover in cosmetic industries is playing a driving factor in the growth of Europe. Nevertheless, rising competition from cosmetics and pharmaceutical industries in other regions is restraining the growth of this market in the European region. Thus, Europe is anticipated to observe sluggish growth during the forecast period due to slow industrial recovery from recession.

 

By Region     

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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