Horse-Chest Nut Seed Extracts Market Size (2024 – 2030)

The global horse-chestnut seed extract market was valued at USD 18 million and is projected to reach a market size of USD 27.42 million by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 6.20%. 

Parts of southeast Europe are native to the horse chestnut tree. The seeds found in its fruits taste bitter, yet they resemble delicious chestnuts. This has been used in the past, mainly for medical applications. However, the scope was limited since there was not much awareness. Presently, with economic growth, industries like pharmaceuticals and cosmetics have increased their usage. In the future, with a growing focus on innovation and research & developmental activities, this market can witness good growth.

Key Market Insights:

Horse chestnut seeds have a 74% carbohydrate content, along with ash and protein.

The ground theca from horse chestnut seeds has a high antioxidant capacity and an ORAC of 531 mmol TE/g.

Triterpene glycosides (16–20% in most preparations) are present in horse chestnut extract.

3–5% of horse chestnut seeds have been found to contain over 30 different saponins.

Less than 10% of herbal supplements may have strong clinical trial evidence to back up their stated health advantages, which might affect consumer perception and government approvals. To tackle this, organizations in this industry need to invest more in R&D activities, consumer awareness, and regulatory collaborations for greater profit.

Horse-Chest Nut Seed Extract Market Drivers:

The medical uses of this extract have been fueling its growth.

Extract from horse chestnut seeds may help with chronic venous insufficiency symptoms. A medical disorder known as chronic venous insufficiency (CVI) is characterized by inadequate blood flow to the legs' veins. Horse chestnut's component offers several therapeutic benefits that may make it helpful in the treatment of CVI. For instance, it could improve symptoms by boosting blood flow in the veins. Secondly, CVI can result in varicose veins, which are enlarged, protruding veins that usually appear in the legs. Because horse chestnut seed extract increases blood flow in the legs, it may help with venous tone. It could also lessen leg discomfort and pain brought on by varicose veins. Thirdly, horse chestnut extract contains an ingredient called aescin, which has anti-inflammatory qualities. It has been discovered to lessen pain and inflammation associated with injuries. It can also aid with pain reduction during surgery, trauma, and sports injuries when applied as an ointment. Additionally, the anti-inflammatory properties can also help with relieving the symptoms of hemorrhoids by reducing swelling.  Moreover, quercetin and kaempferol, which are antioxidant flavonoid components, are found in abundance in horse chestnut seed extract. These compounds can enhance the immune system. Furthermore, a few experiments conducted in test tubes suggest that aescin has anticancer benefits that can considerably slow the development of tumor cells in several malignancies, including multiple myeloma, leukemia, and liver cancer. However, more research is required on this point. Apart from this, a few studies indicated that consumption of this substance might help with male fertility by improving sperm density, motility, and quality. However, more research and FDA approvals are required for this product.

Expanding applications in the beauty and wellness industry have been contributing to the progress.

There are several uses for horse chestnut seed extract in makeup and cosmetic items. It provides relaxing and skin-soothing effects and is an excellent antioxidant as well as an astringent, making it an attractive ingredient in creams and lotions. Secondly, its strong antioxidant content can also help minimize the appearance of redness and black spots. Thirdly, they lessen puffiness, enhance circulation, and ease skin irritations. With the growing trend towards the incorporation of natural and chemical-free compounds in skincare products, the demand for horse chestnut seed extract can rise notably.

Horse-Chest Nut Seed Extracts Market Restraints and Challenges:

Limited clinical evidence and potential side effects are the main issues that the market is currently experiencing.

The biggest barrier for the market is the lack of data. Very few articles and experiments have been conducted to prove the advantages of this component. A lack of scientific proof may prevent widespread acceptance, particularly in areas where proven health claims are strictly regulated. Moreover, this is not a well-known compound and can create hesitations among the public. Although horse chestnut seed extracts are usually well tolerated, some individuals may have adverse symptoms such as nausea, vertigo, and an upset stomach.

Horse-Chest Nut Seed Extract Market Opportunities:

Research and developmental activities can provide the market with an ample number of possibilities. By exploring the potential medical benefits of this extract, clinical trials can be done to commercialize the product. Secondly, educating consumers about herbs and supplements can help the market grow. By highlighting the properties and uses, more customers might have a positive outlook on the usage. Thirdly, innovations in formulations for the cosmetics industry can facilitate the enlargement. By utilizing these ingredients, good revenue might be generated from the skincare industry.

HORSE-CHEST NUT SEED EXTRACTS MARKET REPORT COVERAGE:

Horse-Chest Nut Seed Extract Market Segmentation: By Form

• Powder

• Liquid

Based on form, the powder segment is the largest in 2023. Horse-chestnut seed extracts in powder form are frequently more adaptable and simpler to use in a variety of formulations, including pills, capsules, and even food and drink items. Powdered extracts are becoming more common in a variety of sectors, such as functional foods, medications, and supplements, because of their adaptability. However, the liquid category is the fastest-growing owing to its accelerated bodily absorption. Customers are on the lookout for faster results and easier methods to take products in the form of liquids. As such, this category has witnessed a good development.

Horse-Chest Nut Seed Extract Market Segmentation: By Nature

• Organic

• Conventional

Based on nature, the conventional category is the largest in 2023. This is primarily because it produces more crops in a shorter amount of time because of the use of various chemicals, growth hormones, and fertilizers. Additionally, this method is easy to use because it makes use of advanced technologies and techniques for facilities like irrigation. It has also been a popular choice for many years. Apart from this, conventional crops are generally easily accessible through a variety of distribution channels. The organic segment is expanding at the fastest rate. The crops produced in this manner are free of chemicals and have a greater nutritional profile. Besides, many studies and research articles have proved that the threat of chronic illness is low from the consumption of clean and non-toxic food. Moreover, their influence on our environment is favorable. The category is doing well because of this increased exposure. A significant increase is anticipated for this segment throughout the projection period.

Horse-Chest Nut Seed Extract Market Segmentation: By Application

• Pharmaceuticals

• Cosmetics

Based on application, the pharmaceutical sector is the largest. Because horse chestnut seed extracts are thought to be effective at increasing venous tone and lowering symptoms like swelling and pain related to chronic venous insufficiency, they have been extensively researched and utilized in pharmaceutical formulations for the disease. The cosmetics industry is the fastest-growing. This is because of the anti-oxidant and anti-inflammatory properties that are incorporated into creams, lotions, and other skincare products. Besides, they help improve blood circulation, resulting in glowing skin. Hence, this makes this component an appealing choice to be used in various products.

Horse-Chest Nut Seed Extract Market Segmentation: By Distribution Channels

• Supermarkets and Hypermarkets

• Specialty Stores

• Online Retail

• Others

The industry's largest distribution channel is online retail. The main cause of this is availability. Due to this, customers go with this alternative. This channel also has more access to a greater variety of domestic and foreign types. Besides, consumers can get a great deal of discounts and free deliveries from this segment. Moreover, another reason for the success of this category is its convenience. People can order products from their houses and have them delivered to their doorstep. Furthermore, the segment has expanded due to the growing trend of digitization. Specialty stores are the fastest-growing category. These stores are known for their unique and innovative products. They usually have a lot of different formulations, attracting a broader consumer base. Apart from this, visiting the store in person can allow the individual to visually inspect the product for important details like quantity, quality, expiration dates, and ingredients present. They can have a face-to-face interaction with the shopkeeper to check the validity and resolve any other queries. Furthermore, people who have no access to or are unaware of using the Internet tend to choose this channel.

Horse-Chest Nut Seed Extract Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

Based on region, Europe is the largest, with a rough share of 35% in 2023. Countries like Germany, France, and Italy are the notable ones. This is mainly because these trees are native to many parts of Europe, making their availability easier. Besides, there has been a traditional use of various herbal remedies and supplements in these regions. As such, a greater awareness of this product is prevalent amongst the population. Hence, these ingredients are incorporated into various pharmaceutical and cosmetic applications. Furthermore, manufacturing and production are higher because prominent key players like Naturex (Givaudan), Nexira, Bio-Botanica Europe, and BioChemica International have a good presence in this region. Asia-Pacific is the fastest-growing. E-commerce has been a major factor in the development of this region. Because of this, people can gain access to a variety of products. Furthermore, Asian countries have had a rich history of using various herbs and natural supplements for various medicinal properties. Researchers have been prioritizing broadening human knowledge by gaining sufficient clinical data about the uses of this ingredient. This region holds an approximate share of 26%. Countries like China, India, Japan, and South Korea are at the forefront.

COVID-19 Impact Analysis on the Global Horse-Chest Nut Seed Extracts Market:

The outbreak of the virus hurt the market. With the new normal being lockdowns, social isolation, and movement restrictions, there were a lot of disruptions in the supply chain, transportation, and logistics. This affected the import-export trade. An economic downfall was observed as many companies and manufacturing units had to be shut down temporarily to prevent the spread of the virus. There was a lack of labor to carry out end-to-end operations due to uncertainty. Besides, most of the investments were shifted towards healthcare applications that included vaccine development, hospital beds, oxygen tanks, ventilators, etc. According to a report by the Centers for Medicare & Medicaid Services, the pandemic saw a significant influence on the country's health sector, which increased overall national healthcare spending by 9.7% which is up to $4.1 trillion. Post-pandemic, the market has begun to pick up owing to the upliftment of guidelines and relaxation of rules.

Latest Trends/ Developments:

Businesses in this sector are driven to grow their market share using a variety of tactics, including investments, joint ventures, and acquisitions. To maintain competitive pricing, businesses are also investing a significant amount of money in enhancing their current formulations. This has led to even greater growth.

The growing emphasis on sustainability and environmentally friendly methods in the procurement and manufacturing of herbal extracts is one new development in the horse-chestnut seed extracts market. Businesses are putting more focus on sustainable sourcing strategies, such as moral harvesting procedures, environmentally friendly cultivation methods, and supporting local farmers involved in horse-chestnut seed gathering or production.

Key Players:

1. Naturex (Givaudan)

2. Indena S.p.A.

3. Nexira

4. Horphag Research (Pycnogenol)

5. Bio-Botanica Inc.

6. BioChemica International

7. Sabinsa Corporation

8. Nutra Green Biotechnology Co., Ltd.

9. Organic Herb Inc.

10. Xi'an Greena Biotech Co., Ltd.