Product Code: ETC409945 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Sage extract, recognized for its medicinal and culinary uses, has gained popularity in the Philippines as well. With its antioxidant and anti-inflammatory properties, sage extract is finding its way into various health and wellness products. The market for sage extract has expanded as consumers show a growing preference for natural remedies and supplements.
The Philippines Sage Extract market growth is attributed to the medicinal and culinary applications of sage extract. The herb is known for its potential health benefits and its use as a natural flavoring agent. Consumer interest in herbal remedies and natural ingredients, coupled with a growing culinary appreciation for diverse flavors, drives the demand for sage extract in various forms.
The Philippines sage extract market encounters challenges related to herbal product acceptance, sourcing, and quality control. Sage extract, known for its medicinal properties, might face challenges in gaining consumer trust and recognition as an effective remedy. Sourcing sufficient quantities of high-quality sage and ensuring consistent extraction processes are crucial. Establishing standards for sage extract quality, safety, and potency is important for building credibility in the market.
The COVID-19 pandemic influenced the Philippines sage extract market in several ways. The closure of businesses in the cosmetic, food, and healthcare sectors, which are major consumers of sage extract, led to decreased demand. Export challenges and transportation restrictions also impacted international trade, affecting market revenues. Adaptation to online sales and shifts in consumer preferences towards natural and herbal products emerged as strategies for market players to navigate the uncertainties caused by the pandemic.
The key players in the Philippines sage extract market are Naturmed, Aromacology Soultions, Starwest Botanicals, Inc., Monterey Bay Spice Company, and Herbal Affairs.