According to FutureWise analysis the market for white willow bark extract in 2023 is US$ 46.22 billion, and is expected to reach US$ 64.34 billion by 2031 at a CAGR of 4.2%.
The bark of white willow is used to treat pain, such as lower back pain and osteoarthritis. The white willow bark extract is a traditional alternative to pain relief medication and has other uses, including relief from menstrual cramps and anti-inflammatory properties. Salicin, a chemical constituent similar to aspirin, provides moderate pain relief through its chemical structure. In addition to its potential use in pain management, white willow extract also contains flavonoids and polyphenols, which are antioxidants, antiseptics, fever-reducers, and immune boosters. With the availability of substantial evidence based on research, white willow extract is now available in a variety of dosage forms. Capsules, tablets, liquid syrups, and topical preparations are now available. White willow bark extract market growth will be driven by consumer awareness about the use of safer and natural pain relief medications, which is expected to drive the market growth during the forecast period. For animal use, white willow bark extract is a safe and effective alternative to pharmaceutical-grade salicylic acid derivatives. As a result, the market for this extract is expected to grow rapidly. It is expected that during the forecast period there will be a higher demand for these alternative medicines as consumers are concerned about the toxic effects of analgesic medications on the liver and kidney. Depending on the dosage form, white willow bark extract is available as capsules, tablets, tinctures, and topical applications. Consumers will find each of these segments convenient to use. Consumer preferences are moving towards safer and healthier products as a result of the change in lifestyle and changing living styles. The market for white willow bark extract is driven by the increasing demand from health-conscious consumers, the availability of the product in a variety of preparations, and technological advances. Despite this, the lack of knowledge about white willow bark extract will hinder its development. Further, consumers' preference for safer and traditional products, along with increased adoption of advanced technology, is expected to provide opportunities in the global market for white willow bark extract.
FutureWise Market Research has instantiated a report that provides an intricate analysis of White Willow Bark Extract Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the White Willow Bark Extract Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.