Change in lifestyle and desire to look slim is the major factor that is leading the market. Major factors driving the market are rise in disposable income, rise in urbanization rate. Surge in disposable income among consumers have made them vulnerable to obesity across all the age group. This is supposed to bolster the market growth exponentially.
Due to its characteristics and bitter taste, the hoodia extracts are found to make multiple kind of medicines for dietary supplement, diabetes, and others. Property of hoodia like it works as pseudoglucose in a human body. This property helps an individual to intake a glass of glucose without having calories. Though it has been found that apart from reducing appetite for food, it also reduces desire to drink water which is bad for human health. Dry and stick mouth and damages in liver are other harmful side effects of extract of hoodia. However, rise in concern regarding body weight among middle aged population is fueling the market growth.
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Increasing population, urbanization, the rise in disposable income is responsible for obesity problem among all age groups worldwide which expected to gear up the demand for Hoodia extract globally. Pharmaceutical industries are also contributing to their lion’s share in a utilization of Hoodia extract in the manufacturing of medicines for diabetes, dietary supplements, etc.
The extract of Hoodia which consists of subsequent amount of natural ingredient are seen to be more efficient than the plant itself. Researchers have found out that the hoodia extract can reduce the calorie intake of an individual by 30-40 percent. Hoodia consists of chemicals which are well known its appetite suppressing properties. After consuming the hoodia extract, consumers after consuming it are known to face a similar feeling of a full appetite. Hoodie extract can be used on day to day consumption. One can have it on a daily basis blending it with other ingredients such as consuming it with tea. It has showed good results which have made it become popular among health concerned population. Extract of hoods have found its way in the pharmaceutical industry, as the interests in reducing the body weight surges across the world.
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The extract of Hoodia finds its application in Pharmaceuticals industry. It can be further segmented into tablets and syrups. On the basis of extract state the market is segmented into liquid and solid state. Various products such as Hoodia tea, Hoodia supplement, Hoodia complex, Hoodia pops, Hoodia 57, and Hoodia Dex-L10 Gordonil. Latin America and North America are anticipated to show a rise in the market growth of the global Hoodia extract market.