| Product Code: ETC409041 | 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 | |
Flame lily extract, known for its medicinal properties, has gained attention in Thailand herbal medicine market. The country`s rich biodiversity provides access to a wide range of plant extracts, including flame lily. The market for flame lily extract is niche but growing, driven by a growing interest in natural remedies and traditional medicine practices in Thailand and beyond. The extract is used in various health and wellness products, catering to a health-conscious consumer base.
The Thailand Carnation market is fueled by the flower`s popularity in various cultural and ceremonial contexts. Carnations are widely used in religious ceremonies, weddings, and other social events. Additionally, the country`s favorable climate and agricultural expertise contribute to the cultivation of high-quality carnations, both for domestic consumption and export purposes. The vibrant flower market in Thailand supports this growth.
The Thailand flame lily extract market confronts challenges related to ethical sourcing and quality control. Flame lilies are wildflowers, and their extraction may raise concerns about over-harvesting and habitat destruction. Ensuring sustainable and ethical sourcing practices is crucial to address these issues. Moreover, maintaining consistent product quality is essential to compete in the extract market. Stricter regulations on herbal products also require compliance and quality assurance. To succeed, the industry should emphasize responsible sourcing, quality assurance, and adherence to regulatory standards.
The pandemic had mixed effects on the Thailand flame lily extract market. On one hand, there was increased interest in herbal remedies and natural health products, which boosted the demand for botanical extracts like flame lily. However, disruptions in the supply chain and decreased production capacities due to lockdowns affected the availability of flame lily extract. This led to supply shortages and increased prices. The market`s recovery will depend on its ability to address these supply chain issues and meet the growing demand for natural health products.
In the Thailand Flame Lily Extract market, a few key players have made their presence felt. One of the prominent participants is Thai Medicinal Plant Research Institute (TMPRI), which specializes in researching and producing herbal extracts, including flame lily extract. Another significant player is Thai Traditional Medicine Development Foundation, known for its commitment to preserving traditional herbal knowledge and producing flame lily extract for medicinal purposes. Additionally, local herbal medicine manufacturers and distributors contribute to the market`s growth.