The Latest Kratom Industry Statistics Explained
In 2021, the global kratom market size was valued at USD 2.19 billion.
The statistic indicates that in 2021, the global market for kratom, a plant native to Southeast Asia known for its medicinal and recreational properties, was estimated to be worth USD 2.19 billion. This value reflects the total revenues generated from the cultivation, production, and sale of kratom products worldwide during the specified period. The size of the market suggests a significant level of demand for kratom-based products, which may be driven by factors such as increasing consumer awareness of its potential health benefits and changing attitudes towards natural remedies and alternative medicines. The figure serves as a key indicator of the economic importance and growth potential of the kratom industry on a global scale.
Kratom market size is projected to reach USD 2.90 billion by 2028.
The statistic that the Kratom market size is projected to reach USD 2.90 billion by 2028 indicates the estimated total value of the Kratom industry by that year. This projection suggests anticipated growth in market demand and revenue from the sale of Kratom products over the next several years. Factors contributing to this growth could include an increase in consumer awareness and acceptance of Kratom for various purposes, expansion of distribution channels, and potential regulatory changes that may impact market dynamics. Monitoring market trends, competitive landscape, and regulatory developments will be important for stakeholders in the Kratom industry to capitalize on this projected growth and effectively navigate the evolving market landscape.
The kratom market is anticipated to grow at a CAGR of 4.7% from 2021 to 2028.
This statistic indicates that the kratom market, a natural supplement derived from the leaves of the Mitragyna speciosa tree, is projected to experience a compound annual growth rate (CAGR) of 4.7% between the years 2021 and 2028. This means that the market is expected to expand steadily at an average growth rate of 4.7% annually over the specified time period. Factors such as increasing awareness and acceptance of natural remedies, potential health benefits associated with kratom consumption, and growing consumer demand are likely contributing to this projected growth. Businesses operating in the kratom industry can use this information to make informed decisions regarding their strategic planning, marketing efforts, and investment initiatives in order to capitalize on the expected market expansion.
North America dominated the kratom market accounting for about 68.8% of the overall revenue in 2021.
The statistic stating that North America dominated the kratom market with a share of approximately 68.8% of the total revenue in 2021 highlights the prominent position of the region in the kratom industry. This indicates that the majority of the revenue generated from kratom sales in 2021 came from North America, showcasing the significance of the market presence and consumer demand for kratom products in the region. The statistic suggests that North America plays a leading role in driving the growth and profitability of the global kratom market, making it a key player in shaping the industry trends and dynamics. The dominance of North America in the kratom market revenue underscores the region’s influence and importance in the market landscape.
In 2016, there were 660 calls to poison control centers in the United States regarding kratom exposure.
In 2016, there were 660 calls made to poison control centers in the United States related to kratom exposure. This statistic indicates that kratom, a herbal supplement with psychoactive properties, was a cause for concern in terms of potential harm or adverse effects. The high number of calls suggests that kratom may have been associated with poisoning or toxic reactions in a significant number of individuals during that year. It highlights the need for further research and monitoring of kratom use, as well as the importance of public awareness and education regarding its potential risks and effects on health.
The majority of kratom consumers are middle-aged individuals, 31 to 50 years old.
This statistic indicates that the largest proportion of individuals who consume kratom fall within the age range of 31 to 50 years old. This suggests that middle-aged individuals form the main demographic group that uses kratom products. The fact that this age group constitutes the majority of kratom consumers may imply that there are potential unique characteristics or needs within this segment of the population that are driving their interest in using kratom. Understanding the preferences and behaviors of this age group can be important for product development, marketing strategies, and regulatory considerations within the kratom industry.
Approximately 51% of kratom users earn less than $35,000 per year.
The statistic ‘Approximately 51% of kratom users earn less than $35,000 per year’ suggests that a significant portion of individuals who use kratom as a substance fall within a lower income bracket. This finding may have implications for understanding the socio-economic demographics of kratom users and their financial circumstances. The statistic implies that a majority of kratom users may face financial challenges and may be more economically vulnerable compared to the general population. Additionally, it could indicate potential disparities in access to resources and healthcare services among this group. Further research and analysis are needed to delve deeper into the relationship between income levels and kratom use to develop a more comprehensive understanding of this issue.
In 2016, it was estimated there were 3-5 million kratom users in the U.S.A.
The statistic that there were an estimated 3-5 million kratom users in the U.S.A. in 2016 suggests that a significant portion of the population was consuming this substance at that time. Kratom, a plant native to Southeast Asia, has gained popularity in the United States for its potential medicinal and recreational effects. The wide range of estimated users reflects the uncertainty and variability in tracking and measuring kratom consumption, possibly due to factors such as varying levels of awareness, accessibility, and reporting biases. This statistic highlights the potential impact and prevalence of kratom use within the U.S. population during that period and underscores the importance of further research and monitoring to better understand and address trends in its consumption.
Kratom-related calls to poison control centers increased tenfold, from 26 in 2010 to 263 in 2015.
The statistic “Kratom-related calls to poison control centers increased tenfold, from 26 in 2010 to 263 in 2015” indicates a substantial rise in the number of calls reporting issues related to Kratom consumption over a five-year period. The tenfold increase highlights a significant escalation in public health concerns surrounding Kratom use, potentially indicating a rise in adverse effects or misuse of the substance during this time frame. This statistic underscores the need for further investigation into the potential risks and implications of Kratom consumption, as well as the importance of monitoring and addressing the associated health consequences.
About 97% of respondents in a large online survey reported using kratom primarily for pain relief.
The statistic that about 97% of respondents in a large online survey reported using kratom primarily for pain relief indicates a high prevalence of the use of kratom for managing pain among the surveyed population. This suggests that pain relief is a significant factor driving individuals to use kratom. The findings imply that there is a strong association between kratom use and pain management, highlighting the potential role of kratom as an alternative or complementary therapy for pain relief. However, it is important to note that these results are based on self-reported data from an online survey, which may carry limitations such as selection bias and lack of control over response accuracy. Additional research is needed to further explore the effectiveness and potential risks associated with using kratom for pain relief.
Approximately 11% of kratom users reported side effects, with the most common being weight loss, dry mouth, constipation, and insomnia.
The statistic states that about 11% of individuals who use kratom, a herbal supplement, reported experiencing side effects. Among these users, the most frequently reported side effects included weight loss, dry mouth, constipation, and insomnia. This data suggests that while kratom may be commonly used, there is a notable proportion of users who experience adverse effects. These findings highlight the importance of understanding the potential risks associated with kratom use and the need for further research on its safety profile and how to mitigate side effects for those who choose to use it.
Over half of the kratom users surveyed reported being ‘vegetarian’ or ‘vegan’.
The statistic that over half of the kratom users surveyed reported being ‘vegetarian’ or ‘vegan’ suggests a relatively high prevalence of plant-based dietary choices within this specific population. This finding indicates a potential association between the use of kratom, a herbal substance often consumed for its perceived health benefits, and adherence to vegetarian or vegan diets. Vegetarian and vegan diets typically emphasize plant-based foods and exclude meat and animal products, which could reflect a broader commitment to natural or alternative health practices among kratom users. Further investigation into the reasons for this dietary choice and its potential implications for kratom consumption patterns or health outcomes may be warranted to better understand the relationship between dietary preferences and substance use behaviors in this population.
According to a survey, about 89% of kratom users in the United States are white.
The statistic stating that about 89% of kratom users in the United States are white indicates that the majority of individuals who use kratom in the country are of Caucasian descent. This finding suggests a demographic pattern among kratom users, with white individuals constituting a significant portion of the user population. Understanding the racial distribution of kratom users can provide insights for targeted interventions, policy development, and health education efforts within this specific population. It is essential to consider such demographic factors when designing strategies to address potential health benefits or risks associated with kratom use in the United States.
Capsules and powder are the most commonly consumed form of kratom, making up around 64.5% of the demand in 2021.
This statistic indicates that capsules and powder are the preferred forms of kratom consumption, comprising approximately 64.5% of the total demand in 2021. This suggests that these forms are popular among users, potentially due to factors such as convenience, ease of consumption, and possibly perceived effectiveness. The high demand for capsules and powder compared to other forms indicates a strong market preference for these options, highlighting their significance in the kratom industry. Understanding these consumption patterns can help businesses tailor their products and marketing strategies to better appeal to consumer preferences and meet market demand.
Approximately 60% of kratom users are male.
The statistic “Approximately 60% of kratom users are male” indicates that the majority of individuals who use kratom, a psychoactive substance derived from the leaves of the Mitragyna speciosa tree, are male. This information suggests that there is a notable gender disparity in kratom consumption, with males being more likely to use the substance compared to females. Understanding this demographic trend can inform targeted interventions, public health campaigns, and further research to explore potential factors contributing to this gender imbalance in kratom use, such as cultural norms, social influences, or individual preferences.
The online segment for kratom sales accounted for 44.4% of the revenue share in 2021.
The statistic indicates that in 2021, online sales of kratom contributed 44.4% of the total revenue generated from kratom sales. This suggests that a significant portion of the market for kratom products is conducted through online channels. The high percentage of revenue share from online sales may be attributed to factors such as the convenience and accessibility of purchasing kratom products online, as well as the increasing trend of consumers turning to e-commerce platforms for their shopping needs. This statistic highlights the importance of digital marketing strategies and effective online presence for businesses operating in the kratom industry to capture a substantial market share and drive revenue growth.
The physical stores segment accounted for 56.6% of the revenue share in the kratom market in 2021.
The statistic stating that the physical stores segment accounted for 56.6% of the revenue share in the kratom market in 2021 indicates that a significant portion of the revenue generated in the kratom industry came from sales made through physical retail locations. This suggests that consumers still heavily rely on traditional brick-and-mortar stores to purchase kratom products despite the growing popularity of online shopping. The dominance of physical stores in revenue share may be attributed to factors such as consumer preferences for in-person shopping experiences, the ability to physically examine and purchase products, as well as the presence of knowledgeable staff to provide guidance on kratom products. Overall, this statistic highlights the continued importance and profitability of physical retail outlets in the kratom market landscape.
Asia Pacific kratom market is expected to expand at the fastest CAGR of 7.2% from 2021 to 2028.
This statistic indicates that the Asia Pacific kratom market is projected to experience significant growth with a Compound Annual Growth Rate (CAGR) of 7.2% between the years 2021 and 2028. A CAGR of 7.2% suggests a steady and consistent growth rate over the specified time period. This growth rate is considered the fastest among the regions analyzed, indicating a strong demand for kratom products in the Asia Pacific region. Factors such as increasing awareness about the potential benefits of kratom, expanding consumer base, and favorable regulatory environments may contribute to this projected growth trend in the Asia Pacific kratom market.
70% of kratom users in a 2017 survey used it for opioid withdrawal.
The statistic “70% of kratom users in a 2017 survey used it for opioid withdrawal” indicates that a significant majority of individuals who reported using kratom, a natural herbal supplement, in the context of a specific survey conducted in 2017 did so to manage symptoms associated with opioid withdrawal. This finding suggests that a substantial portion of individuals may be turning to kratom as a potential alternative or complementary therapy for addressing opioid dependence or withdrawal symptoms. However, it is important to note that this statistic is based on self-reported data from a specific survey conducted at a particular point in time and may not be generalizable to all kratom users or populations. Further research is necessary to better understand the potential effectiveness, safety, and implications of using kratom for opioid withdrawal purposes.
Among kratom users surveyed, 53% use it daily, and 23% use it two to six times per week.
Based on the survey data, it was found that the majority of kratom users, specifically 53%, reported using kratom daily, indicating a frequent and consistent consumption pattern. Additionally, 23% of kratom users reported using it between two to six times per week, suggesting that a substantial portion of users incorporate kratom into their routines multiple times a week. This information provides insights into the frequency of kratom consumption among users in the surveyed population, highlighting that a significant proportion utilizes kratom on a regular basis.
References
0. – https://www.bmccomplementmedtherapies.biomedcentral.com
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2. – https://www.pubmed.ncbi.nlm.nih.gov
3. – https://www.www.globenewswire.com
4. – https://www.www.grandviewresearch.com
5. – https://www.www.prnewswire.com
6. – https://www.www.dea.gov
