Insight of Future Market of Tonkat Ali Extract from2018 to 2028

Tongkat ali is a flowering plant also known by the name of longjack or eurycoma longifolia and pasak bumi. Geographically, it has a fairly wide distribution in South-east Asia which covers South Myanmar, Philippines, India, China, Sumatra, Peninsular Malaysia and Borneo. Tongkat Ali extract is obtained from the roots of the tongkat ali plant which is ten meters in height and has very few branches. The tongkat ali extract has been traditionally used as an aphrodisiac and as an ailment for disorders and in modern times has found its way into health supplements and also as a food additive in functional food and beverages.

Tongkat ali extract has been used to treat diseases such as intestinal worms, dysentery, jaundice, diarrhea, etc. but majorly used as an aphrodisiac. Apart from these diseases, tongkat ali extract is also used to boost blood circulation and Weight Loss. Increasing number of research articles are being published to support the health claims of the tongkat ali extract and with consumers turning their focus on traditional and natural products, herbal supplements manufacturers are digging out and commercializing newer varieties of traditional herbs such as tongkat ali extract to cater to this consumer demand.

According to the Forest Research Institute Malaysia, the demand for tongkat ali extract has outpaced the supply of the raw material and the situation becoming tragic, needs immediate attention. Tongkat ali extract which has been very popularly consumed by the Malaysian men since the days of old has met with extensive unplanned harvesting. To sustain the demand, there is an exceeding need for bigger players to take up the tongkat ali extract business which may help to stabilize the tongkat ali extract market. Owing to the shortage, the price of the tongkat ali extract is also expected to shoot up. In Malaysia, measures are being taken up to cultivate tongkat ali plant from hairy root culture which may enable harvesters to supplement the demand for the tongkat ali extract in the market.

On the other hand, due to a diversification of the food processing industry, the export base of the South East Asian countries has expanded and has boosted a concomitant growth of the tongkat ali extract market along with the growth of the traditional herbs market. At present, about 70% of the global population is dependent on traditional medicines. Also, the government has been taking up various steps to expand the production facilities of tongkat ali extract. The trade of agricultural, herbaceous and non-forestry commodities form the backbone of the economies for these developing nations and hence, rigorous focus to promote the development of the tongkat ali extract can be expected over the forecast period, which also remains a major driver for the growth of the tongkat ali extract market.

Global Tongkat Ali Extract Market: Segmentation

On the basis of nature, the tongkat ali extract market is segmented as:

Organic

Conventional

On the basis of end use, the tongkat ali extract market is segmented as:

Dietary Supplements

Cosmetics & Personal Care

Sports Nutrition Drinks

Functional Food

Global Tongkat Ali Extract Market: Key Players

The major players of the tongkat ali extract manufacturers are found in the APAC region, especially in China and Malaysia. The Malaysian companies usually export the tongkat ali extract to the U.S., Europe and Japan, product is packaged and sent for further processing.