Banaba leaf extract market Global Market Trends and Market Drivers:
The growth of herbal healthcare market remains persistent due to its appeal as healthy and safe to use products. The sedentary lifestyle among people is creating an ever increasing demand for health and wellness promoting supplements. Banaba leaf extract with its natural no side effect USP has gained attention from the diabetic population, furthermore the consumer centric approach in treatment of disease has led to a boom in the herbal product market; consumers looking for a safer alternative to pharmaceutical medicines have approached herbal products. The high valued trust on Ayurvedic preparation in western countries has attracted the Ayurvedic manufacturers to sell their products worldwide. The cemented faith among consumers of Ayurvedic products backed by the information available globally is expected to fuel the market growth of banaba leaf extract. Further innovations like use of nanotechnology by EastGate Biotech Corp. to boost the blood glucose lowering ability of banaba leaf extract is expected to drive the market growth.