What is Global Natto Extract Market?
The Global Natto Extract Market is a fascinating and complex sector that revolves around the production, distribution, and consumption of Natto extract, a fermented soybean food product originating from Japan. This market has a global reach, with a significant presence in various countries and regions. As of 2023, the market was valued at a whopping US$ 1291 million, indicating a high demand for Natto extract worldwide. The market is projected to grow even further, with an expected value of US$ 2168.6 million by 2030. This represents a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2024 to 2030. The growth of the Global Natto Extract Market is driven by various factors, including the increasing popularity of fermented foods, the health benefits associated with Natto extract, and the expanding global food and beverage industry.
Liquid, Powder, Other in the Global Natto Extract Market:
The Global Natto Extract Market is segmented based on the form of the product, namely Liquid, Powder, and Other forms. Each form has its unique characteristics and applications, contributing to the diversity and versatility of the market. Liquid Natto extract is often used in beverages and liquid-based food products, offering a unique flavor and a host of health benefits. Powder Natto extract, on the other hand, is typically used in dry food products, supplements, and pharmaceuticals, thanks to its long shelf life and ease of use. Other forms of Natto extract, including capsules and tablets, are also available, catering to the needs of different consumers and industries. The choice of form depends on various factors, including the intended use of the product, the preferences of consumers, and the requirements of different industries.
Food and Drinks, Drug, Other in the Global Natto Extract Market:
The Global Natto Extract Market finds its applications in various areas, including Food and Drinks, Drug, and Other sectors. In the Food and Drinks sector, Natto extract is used as a flavoring agent, a nutritional supplement, and a functional ingredient, enhancing the taste, nutritional value, and health benefits of various food and drink products. In the Drug sector, Natto extract is used in the production of various pharmaceuticals and health supplements, thanks to its rich nutritional profile and potential health benefits. Other applications of Natto extract include its use in cosmetics and personal care products, animal feed, and industrial applications. The diverse applications of Natto extract reflect its versatility and the wide range of its potential benefits.
Global Natto Extract Market Outlook:
Looking at the market outlook for the Global Natto Extract Market, it's clear that this sector is on a growth trajectory. Originating from a traditional Japanese food, Natto extract has found its place in the global market, with a value of US$ 1291 million in 2023. The market is set to expand further, with an anticipated value of US$ 2168.6 million by 2030. This represents a compound annual growth rate of 8.1% from 2024 to 2030. The growth of this market is driven by the increasing global demand for Natto extract, fueled by its unique flavor, nutritional benefits, and versatile applications in various sectors.
| Report Metric | Details |
| Report Name | Natto Extract Market |
| Accounted market size in 2023 | US$ 1291 million |
| Forecasted market size in 2030 | US$ 2168.6 million |
| CAGR | 8.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Pharmanager, Bloomage, Acetar, JBSL, Strand Biotech, Newgenco, Danson, Baoheng, Pioneer Biotech, Le-Nutra, Lesaffre, BIOVEA, Boostceuticals, Swanson Health Products, Nutraceutical Corporation, Dynamic Nutrition, NOW Foods, Doctor's Best Inc., Jarrow Formulas, Source Naturals, Pure Encapsulations, Healthy Origins |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
