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

Overview of the Market
During the study period, the global kratom market is expected to increase significantly, with a compound annual growth rate (CAGR) of 12.26%. By the conclusion of the projection period (2023-2032), the market is anticipated to have grown from its 2022 valuation of USD 5,138.00 million to USD 15,929.07 million.
Several significant trends have emerged in the Kratom market in recent years, reflecting the evolving nature of this herbal supplement made from Mitragyna leaves. These developments are changing the market and influencing companies and consumers worldwide. The increase in customer awareness is the most prominent trend related to the Kratom market. An increasing number of people are looking for natural and comprehensive answers to health issues because of the growing popularity of kratom as an alternative treatment for pain management, stress reduction, and mood enhancement. But there are also several regulatory issues that have arisen because of this growing demand. Safety and quality assurance issues have also gained attention. Consumers are on edge due to reports of kratom product contamination, adulteration, and mislabelling. In addition, internet selling has been essential to the growth of the kratom sector in international markets.

Perspectives on Market Segments
The kratom market has been divided into four segments based on the kind of product: powdered kratom, kratom extracts, kratom capsules and tablets, and kratom tinctures.
The market has been divided into two segments based on the form: Processed Leaves and Raw Leaves.
The market has been divided into four segments based on end-use: Pain Management, Mood Enhancement, Energy & Focus, and Relaxation & Anxiety Relief.
The market has been divided into store-based and non-store-based segments based on the distribution channel.

Regional Perspectives
Changes in regulations are having an impact on the North American Kratom market. Due to increased scrutiny and disparate regulatory actions taken by various states and municipal governments, suppliers and retailers of Kratom are placing an increasing amount of attention on following the law. Businesses that exhibit a dedication to quality control procedures, such carrying out exhaustive product testing and applying precise labelling, are more likely to win over customers and maintain a competitive edge in the ever-changing regulatory landscape. One significant development is the variety of Kratom products available in North America. A variety of strains and vein colors are offered to consumers, each of which is claimed to have unique properties. To appeal to a wider range of clients with different tastes, vendors are also increasingly offering Kratom products in several formats, including powders, capsules, tinctures, and extracts.

Key Players
Kraken Kratom (American), Happy Hippo LLC (American), PurKratom (American), Kats Botanicals (American), Kratom Spot (American), Mitragaia (American), Phytoextractum Plants and Extracts (American), Herbal RVA (American), The Golden Monk (American), and Super Speciosa (American) are important companies in the Kratom business.

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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