Summary

Kratom Market Research Report Information by Product Type (Powdered Kratom, Kratom Extracts, Kratom Capsules & Tablets and Kratom Tinctures), by Form (Processed and Raw Leaves), by End User (Pain Management, Mood Enhancement, Energy & Focus and Relaxation & Anxiety Relief), by Distribution Channel (store-based and non-store based), and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Forecast Till 2032

Market Overview
In 2023, the Kratom Market Size was estimated to be USD 5.62 billion.
The Kratom market industry is anticipated to experience a compound annual growth rate (CAGR) of 12.26% from 2023 to 2032, resulting in a total market value of USD 15.92 billion.
The opioid crisis, the expansion of user-friendly and convenient applications, and the increasing awareness of kratom and its potential benefits are the primary factors driving the consistent demand for Kratom.
In the past few years, the Kratom Market has experienced a series of significant trends that are indicative of the evolving landscape of this botanical supplement, which is derived from the leaves of the Mitragyna species. The industry is being transformed by these trends, which are having an impact on both consumers and enterprises worldwide. The most prevalent trend in the Kratom Market is the increase in consumer awareness. Kratom has become increasingly popular as an alternative remedy for tension reduction, mood enhancement, and pain relief, resulting in a growing consumer base that is interested in natural and holistic solutions to health issues. Nevertheless, this escalating demand has also resulted in a variety of regulatory obstacles. In addition, safety and quality control concerns have emerged as significant issues.

Market segment insights
Powdered Kratom, Kratom Extracts, Kratom Capsules & Tablets, and Kratom Tinctures are the four divisions of the kratom market, which are based on the product type.
The market has been divided into Processed and Raw Leaves based on the form.
The market has been segmented into four categories: Energy & Focus, Relaxation & Anxiety Relief, Mood Enhancement, and Pain Management, based on the end-use.
The kratom market has been divided into two categories: store-based and non-store-based, as determined by the distribution channel.

Regional Perspectives
The market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa by region, as per the study. In 2023, the North American Kratom market represents the greatest market share at 41.28% and is anticipated to grow at a compound annual growth rate (CAGR) of 13.08%. Regulatory modifications are exerting an impact on the Kratom market in North America. An increasing emphasis on adherence to regulations among Kratom suppliers and merchants has been the consequence of the heightened examination and divergent regulatory measures implemented by various states and local governments. Companies that exhibit a dedication to quality control practices, such as the implementation of precise labeling and the conduct of comprehensive product testing, are more likely to establish consumer confidence and maintain a competitive edge in the ever-changing regulatory environment. The variety of Kratom products available in North America is a significant advancement. A variety of strains and vein colors are presented to consumers, each of which is purported to have its own unique effects. Additionally, there is an increasing trend among purveyors to offer Kratom products in a diverse array of formats, including powders, capsules, tinctures, and extracts, to appeal to a broader audience with a variety of preferences.

Major Players
Kraken Kratom (US), Happy Hippo LLC (US), PurKratom (US), Kats Botanicals (US), Kratom Spot (US), Mitragaia (US), Phytoextractum Plants and Extracts (US), Herbal RVA (US), The Golden Monk (US), and Super Speciosa (US) are among the key companies in the Kratom market.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 21
2 MARKET INTRODUCTION 22
2.1 DEFINITION 22
2.2 SCOPE OF THE STUDY 22
2.3 RESEARCH OBJECTIVE 22
2.4 MARKET STRUCTURE 23
2.5 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 OVERVIEW 24
3.1 DATA FLOW 26
3.1.1 Data Mining Process 26
3.2 PURCHASED DATABASE: 27
3.3 SECONDARY SOURCES: 28
3.3.1 Secondary Research data flow: 29
3.4 PRIMARY RESEARCH: 30
3.4.1 Primary Research DATA FLOW: 31
3.4.2 Primary Research: Number of Interviews conducted 32
3.4.3 Primary Research: Regional Coverage 32
3.5 APPROACHES FOR MARKET SIZE ESTIMATION: 33
3.5.1 Consumption & Net Trade Approach 33
3.5.2 Revenue Analysis Approach 33
3.6 DATA FORECASTING 34
3.6.1 Data forecasting Technique 34
3.7 DATA MODELING 35
3.7.1 microeconomic factor analysis: 35
3.7.2 Data modeling: 36
3.8 TEAMS AND ANALYST CONTRIBUTION 38
4 MARKET DYNAMICS 39
4.1 INTRODUCTION 39
4.2 DRIVERS 40
4.2.1 Growing Awareness of Kratom and its Potential Benefits 40
4.2.2 The Opioid Crisis 40
4.2.3 Expansion of Convenient and User-Friendly Applications 41
4.3 RESTRAINTS 42
4.3.1 Lack of Regulation 42
4.3.2 Safety concerns associated with kratom 42
4.4 OPPORTUNITY 43
4.4.1 The Rise of Holistic Health 43
4.4.2 Increasing R&D 44
4.5 CHALLENGES 44
4.5.1 Negative Media Coverage 44
4.6 STRATEGIC INSIGHTS 45
4.6.1 technology update 45
4.6.2 Regional Markets to Lookout For 45
4.7 REGULATORY UPDATE 46
4.8 MARKET TRENDS 46
4.9 IMPACT ANALYSIS OF COVID-19 47
4.9.1 Impact 0n Overall Herbal Nutrition Industry 47
4.9.1.1 Economic Impact 47
4.9.2 Impact on Global Kratom Market 48
4.9.3 Impact on the Supply Chain of KRATOM 48
4.9.4 Impact on Market Demand of Kratom 48
4.9.4.1 Impact Owing to Restrictions/Lockdown 48
4.9.4.2 Consumer Sentiments 49
4.9.5 Impact on Pricing of Kratom 49
5 MARKET FACTOR ANALYSIS 50
5.1 VALUE CHAIN ANALYSIS 50
5.1.1 Raw Materials 50
5.1.2 Manufacturing / Production/ Processing 50
5.1.3 Packing 51
5.1.4 distribution 51
5.1.5 end-user 51
5.2 SUPPLY CHAIN ANALYSIS 52
5.2.1 Participants (At different Nodes) 52
5.2.1.1 Raw Material Suppliers 52
5.2.1.2 Manufacturers 53
5.2.1.3 Distribution Channel 53
5.2.2 integration levels 53
5.2.3 Key Issues Addressed (Key Success Factors) 53
5.3 PORTER’S FIVE FORCES MODEL 54
5.3.1 Threat of New Entrants 54
5.3.2 Bargaining Power of Suppliers 55
5.3.3 Threat of Substitutes 55
5.3.4 Bargaining Power of Buyers 55
5.3.5 Intensity of Rivalry 55
6 GLOBAL KRATOM MARKET, BY PRODUCT TYPE 57
6.1 INTRODUCTION 57
6.2 POWDERED KRATOM 58
6.3 KRATOM EXTRACTS 60
6.4 KRATOM CAPSULES AND TABLETS 61
6.5 KRATOM TINCTURES 63
7 GLOBAL KRATOM MARKET, BY FORM 66
7.1 INTRODUCTION 66
7.2 PROCESSED 67
7.3 RAW LEAVES 68
8 GLOBAL KRATOM MARKET, BY END-USE 71
8.1 INTRODUCTION 71
8.2 PAIN MANAGEMENT 72
8.3 MOOD ENHANCEMENT 73
8.4 ENERGY & FOCUS 75
8.5 RELAXATION & ANXIETY RELIEF 76
9 GLOBAL KRATOM MARKET, BY DISTRIBUTION CHANNEL 79
9.1 INTRODUCTION 79
9.2 STORE-BASED 80
9.3 NON-STORE-BASED 82
10 GLOBAL KRATOM MARKET, BY REGION 84
10.1 OVERVIEW 84
10.2 NORTH AMERICA 85
10.2.1 US 90
10.2.2 Canada 91
10.2.3 Mexico 92
10.3 EUROPE 94
10.3.1 GERMANY 98
10.3.2 France 100
10.3.3 benelux 101
10.3.4 Spain 102
10.3.5 Italy 104
10.3.6 rest of Europe 105
10.4 ASIA PACIFIC 106
10.4.1 China 111
10.4.2 Thailand 112
10.4.3 India 113
10.4.4 Indonesia 115
10.4.5 rest of Asia Pacific 116
10.5 SOUTH AMERICA 117
10.5.1 Brazil 122
10.5.2 Colombia 123
10.5.3 rest of South America 124
10.6 MIDDLE EAST & AFRICA 125
10.6.1 GCC Countries 130
10.6.2 Turkey 132
10.6.3 Northern africa 133
10.6.4 Southern africa 134
11 GLOBAL KRATOM MARKET, COMPETITIVE LANSCAPE 137
11.1 INTRODUCTION 137
11.2 MARKET SHARE ANALYSIS, 2022 137
11.3 COMPETITOR DASHBOARD 139
11.4 WHO ARE THE MARKET DISRUPTORS AND INNOVATORS? 140
11.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS? 140
11.6 THE LEADING PLAYER IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL
KRATOM MARKET? 140
11.7 LIST OF KEY PLAYERS IN THE GLOBAL MARKET? 140
11.8 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL 141
11.9 KEY DEVELOPMENTS & GROWTH STRATEGIES 141
11.9.1 Product launch 141
11.9.2 social media campaign 142
12 COMPANY PROFILES 143
12.1 KRAKEN KRATOM 143
12.1.1 COMPANY OVERVIEW 143
12.1.2 FINANCIAL OVERVIEW 144
12.1.3 PRODUCT S OFFERed 144
12.1.4 KEY DEVELOPMENTS 145
12.1.5 SWOT ANALYSIS 146
12.1.6 Key Strategy 146
12.2 HAPPY HIPPO LLC 147
12.2.1 COMPANY OVERVIEW 147
12.2.2 FINANCIAL OVERVIEW 147
12.2.3 PRODUCT S OFFERed 147
12.2.4 KEY DEVELOPMENTS 148
12.2.5 SWOT ANALYSIS 148
12.2.6 Key Strategy 149
12.3 PURKRATOM 150
12.3.1 COMPANY OVERVIEW 150
12.3.2 FINANCIAL OVERVIEW 150
12.3.3 PRODUCT S OFFERed 150
12.3.4 KEY DEVELOPMENTS 151
12.3.5 Key Strategy 151
12.4 KATS BOTANICALS 152
12.4.1 COMPANY OVERVIEW 152
12.4.2 FINANCIAL OVERVIEW 152
12.4.3 PRODUCT S OFFERed 153
12.4.4 KEY DEVELOPMENTS 154
12.4.5 SWOT ANALYSIS 155
12.4.6 Key Strategy 155
12.5 KRATOM SPOT 156
12.5.1 COMPANY OVERVIEW 156
12.5.2 FINANCIAL OVERVIEW 156
12.5.3 PRODUCT S OFFERed 156
12.5.4 KEY DEVELOPMENTS 157
12.5.5 SWOT ANALYSIS 158
12.5.6 Key Strategy 158
12.6 MITRAGAIA 159
12.6.1 COMPANY OVERVIEW 159
12.6.2 FINANCIAL OVERVIEW 159
12.6.3 PRODUCT S OFFERed 159
12.6.4 KEY DEVELOPMENTS 160
12.6.5 SWOT ANALYSIS 161
12.6.6 Key Strategy 161
12.7 PHYTOEXTRACTUM PLANTS AND EXTRACTS 162
12.7.1 COMPANY OVERVIEW 162
12.7.2 FINANCIAL OVERVIEW 162
12.7.3 PRODUCT S OFFERed 162
12.7.4 KEY DEVELOPMENTS 162
12.7.5 Key Strategy 163
12.8 HERBAL RVA 164
12.8.1 COMPANY OVERVIEW 164
12.8.2 FINANCIAL OVERVIEW 164
12.8.3 PRODUCT S OFFERed 164
12.8.4 KEY DEVELOPMENTS 165
12.8.5 Key Strategy 165
12.9 THE GOLDEN MONK 166
12.9.1 COMPANY OVERVIEW 166
12.9.2 FINANCIAL OVERVIEW 166
12.9.3 PRODUCTS OFFERed 166
12.9.4 KEY DEVELOPMENTS 167
12.9.5 SWOT ANALYSIS 167
12.9.6 Key Strategy 168
12.10 SUPER SPECIOSA 169
12.10.1 COMPANY OVERVIEW 169
12.10.2 FINANCIAL OVERVIEW 169
12.10.3 PRODUCTS OFFERed 169
12.10.4 KEY DEVELOPMENTS 171
12.10.5 SWOT ANALYSIS 171
12.10.6 Key Strategy 171
13 APPENDIX 172
13.1 REFERENCES 172
13.2 RELATED REPORTS 173