American Spikenard Extract Market: Increased Demand Expected to Soar Revenue during Forecast Period
American spikenard extract is a medicinal herb, which is used for different applications such as additives in food, pharmaceutical formulations, oils and solutions preparation, etc. The wide range of practical applications of the American spikenard extract leads to the demand from different industries over the forecast period.The rise in the food and beverages and pharmaceutical industry is likely to expand the market for American spikenard extract as it has been used as an indirect additive in the food products, such as tea and soups. The growing healthcare industry will have a positive impact on the American spikenard extract market.