
Kratom Market Global Industry Analysis and Forecast (2024- 2032) By Product Type (Powder, Capsules/Tablets, Tinctures & Extracts), Application (Energy & Mood Boosting, Pain Management, Opioid Withdrawal, Addiction Treatment), Distribution Channel (Online, Specialty Stores, Pharmacies) And Region
Kratom, scientifically known as Mitragyna speciosa, is a tropical tree native to Southeast Asia. Its leaves have been used for centuries in traditional medicine due to their psychoactive properties, which can vary depending on the dosage and strain. Kratom is known for its stimulant effects at lower doses and sedative effects at higher doses.
Top Key Players Involved Are:
"Kraken Kratom (USA), Happy Hippo Herbals (USA), PurKratom (USA), Kats Botanicals (USA), Coastline Kratom (USA), Mitragaia (USA), Phytoextractum (USA), Herbal RVA (USA), Super Speciosa (USA), Kratom Spot (USA), Kratom Krush (USA), Your Kratom (USA), Oties Botanicals (USA), Golden Monk (USA), Kratom Source US (USA), and Other Active Players"
The Global Kratom Market is Segmented into Product Type, Application, Distribution Channel, and Region.
Global Kratom Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.88 Bn. |
Forecast Period 2024-32 CAGR: |
17.30% |
Market Size in 2032: |
USD 7.9 Bn. |
Segments Covered: |
By Product Type |
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By Technology |
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By End-User |
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By Region |
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Global Kratom Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.88 Bn. |
Forecast Period 2024-32 CAGR: |
17.30% |
Market Size in 2032: |
USD 7.9 Bn. |
Segments Covered: |
By Product Type |
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By Technology |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Kratom Market by Product Type
4.1 Kratom Market Snapshot and Growth Engine
4.2 Kratom Market Overview
4.3 Powder
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD
The forecast period in the Kratom Market research report is 2024-2032.
Kraken Kratom (USA), Happy Hippo Herbals (USA), PurKratom (USA), Kats Botanicals (USA), Coastline Kratom (USA), Mitragaia (USA), Phytoextractum (USA), Herbal RVA (USA), Super Speciosa (USA), Kratom Spot (USA), Kratom Krush (USA), Your Kratom (USA), Oties Botanicals (USA), Golden Monk (USA), Kratom Source US (USA), and Other Active Players.
The Kratom Market is segmented into Product Type, Application, End-User and Region. By Product Type, the market is categorized into Powder, Capsules/Tablets, and Tinctures & Extracts. By Application, the market is categorized into Energy & Mood Boosting, Pain Management, Opioid Withdrawal, and Addiction Treatment. By End-User, the market is categorized into Online, Specialty Stores, and Pharmacies. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Kratom, scientifically known as Mitragyna speciosa, is a tropical tree native to Southeast Asia. Its leaves have been used for centuries in traditional medicine due to their psychoactive properties, which can vary depending on the dosage and strain. Kratom is known for its stimulant effects at lower doses and sedative effects at higher doses.
Global Kratom Market was worth USD 1.88 Billion in 2023. As such, the forecast is that the market is expected to reach USD 7.9 Billion by 2032 with a CAGR of 17.30% from 2024 to 2032.