Horny Goat Weed Extracts Market Size (2023-2030)

The Global Horny Goat Weed Extracts Market was estimated to be worth USD 75 Million in 2022 and is anticipated to reach a value of USD 124.12 Million by 2030, growing at a fast CAGR of 6.5% during the forecast period 2023-2030.

Horny goat weed is also known as Epimedium, a herb that is used as a natural remedy for solving sexual health issues such as low libido and erectile dysfunction. Horny goat weed extract contains active compounds called icariin that help to improve sexual health and enhance libido. Moreover, these extracts are derived from the leaves of the epimedium plant. In addition, the extract possesses additional benefits that can also improve bone health, combat fatigue, reduce high blood pressure, and reduce menopause symptoms. Furthermore, rising demand for herbal supplements due to growing consumer interest in natural health remedies, the demand for horny goat weed extract has increased in the market.

Global Horny Goat Weed Extracts Market Drivers:

Rising sexual health concerns drive the demand for horny goat weed extracts in the market.

Sexual health issues such as erectile dysfunction, libido, and others affect many individuals and often lead to various issues such as aging, hormonal imbalance, and stress. Moreover, stressful lifestyles or psychological conditions such as depression or anxiety contribute to erectile dysfunction, which can affect the sexual health of an individual. Therefore, horny goat extract gained popularity in improving the sexual health of a person. Additionally, being a herbal plant, horny goat weed extract offers a non-synthetic option to consumers that does not pose side effects to the body and supports sexual health.

Increasing demand for herbal supplements has boosted the demand for horny goat weed extract in the market.

Consumers are becoming more conscious regarding their health and hence are seeking natural supplements that help in improving their health. Moreover, with the increasing demand for natural and botanical extracts in the pharmaceuticals and medicine industry, there is an increase in the usage of horny goat weed extract. Moreover, this extract helps to solve various health problems such as blood circulation, menopause symptoms, inflammation reduction, and others. Moreover, these herbal extracts not only improve the targeted health issue but also help to improve the overall well-being of consumers. Additionally, these extracts can be added to water, juices, or smoothies for flexibility in dosage. Further, horny weed extract can be consumed as herbal formulations, male enhancement supplements, liquid extracts, capsules, and others for boosting the overall health and performance of an individual.

Global Horny Goat Weed Extracts Market Challenges:

Adulteration in natural supplements like horny goat weed extract can reduce its market demand. Some manufacturers may add synthetic additives or dilute substances and less amount of horny goat weed extract, which can lead to potential side effects on the body and reduce the consumer demand for horny goat weed extracts in the market.

Furthermore, negative perceptions and stigma related to mental health among people can reduce the demand for horny goat weed extract products in the market.

Global Horny Goat Weed Extracts Market Opportunities:

The Global Horny Goat Weed Extracts Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, rising demand for natural supplements for overall health improvement is predicted to develop the market for Horny Goat Weed Extracts and enhance its future growth opportunities.

COVID-19 Impact on the Global Horny Goat Weed Extracts Market:

The pandemic hurt the horny goat weed extract market. Due to increased demand for hygiene and shifted focus toward immunity-boosting medicines, there was a decline in demand for horny goat weed extract in the market. Further, supply chain disruptions and reallocation of the budget on the pandemic essential items such as the production of PPE kits, sanitizers, immunity-boosting medicines, and others delayed the production of horny goat weed extract products in the market.

HORNY GOAT WEED EXTRACTS MARKET REPORT COVERAGE:

Global Horny Goat Weed Extracts Market Segmentation: By Type

• Purity Below 30%

• Purity 30-60%

• Purity 98%

Based on market segmentation by type, the purity 30-60% segment occupies the highest share in the market. Horny goat weed extract with a purity ranging from 30%-60% contains moderate concentration levels and often offers a balance between potency and affordability to consumers. These are mostly used by people who seek affordable and effective solutions against the higher cost of high purity levels. Moreover, for gaining noticeable benefits it requires a moderate dosage.

The purity below 30% is the fastest-growing segment during the forecast period due to its low cost. These products have had below 30% concentration and contain a high proportion of fillers, additives, and ingredients to achieve desired results. Moreover, it is less potent and requires higher dosages for achieving desired benefits. They are mostly used by people seeking lower-cost and beneficial solutions for improving their overall health.

Global Horny Goat Weed Extracts Market Segmentation: By Application

• Health products

• Pharmaceuticals

• Others

Based on market segmentation by application, the pharmaceuticals segment occupies the highest share of the market. Horny goat weed extract is increasingly used in medicines and supplements targeted toward improving sexual health, bone health, and blood circulation. These medicines contain icariin which has vasodilatory effects, which helps to relax blood vessels and improve blood flow. Moreover, medicines targeted toward improving bone health can treat osteoporosis.

The health products segment is the fastest-growing segment during the forecast period. Horny goat weed extract is extensively used in herbal and dietary supplements as a natural aphrodisiac and sexual performance enhancer. Moreover, they also use din herbal formulations with other ingredients such as ginseng, saw palmetto, maca root, and others for addressing issues such as erectile dysfunction and low libido.

Other products that use horny goat weed extracts include cosmetics like antiageing creams, body, face, and hair-care products. Horny goat weed extract acts as a conditioning and healing agent that helps to reduce inflammations, sensitivities, and blemishes of the skin. Additionally, it also acts as a moisturizing agent and improves skin hydration by reducing water loss.

Global Horny Goat Weed Extracts Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Based on market segmentation by region, North America occupies the highest share of the market. An increase in sexual health problems such as erectile dysfunction, has increased the demand for horny goat weed extracts in the market. As per the study by the National Institute of Diabetes and Digestive and Kidney Diseases, ED (erectile dysfunction) affects more than 30 million men in the USA and depression, anxiety, and stress are the common causes of ED. Additionally, intake of toxic substances such as tobacco smoking, and drinking alcohol, have further contributed to ED in men. Therefore, horny goat weed extract helps to reduce these problems and improve the sexual health of individuals. Moreover, they are consumed as a liquid extract and energy drinks containing horny goat weed extract.

Asia Pacific is the fastest-growing region during the forecast period. Prevalence and growing interest in traditional natural remedies for health and wellness in countries such as China, India, Japan, and South Korea, have contributed to the demand for horny goat weed-based supplements in the region. Moreover, bone diseases such as osteoporosis and menopause symptoms such as calcium deficiency and hormonal imbalance, have further increased the usage of horny goat weed extract in medicines as it helps to decrease bone loss and increase estrogen levels in postmenopausal women.

Global Horny Goat Weed Extracts Market Key Players:

1. Now Foods

2. Dr. Trust

3. Ningbo J&S Botanics

4. Nature’s Bounty

5. Zenith Nutrition

6. Biotrex

7. Run Herb Inc

8. Yesherb

9. Herbo Nutra