Global Notoginseng Root Extract Market, By Form (Powder and Liquid), End Use (Pharmaceuticals, Cosmetics, Health Supplement Products and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Notoginseng Root Extract Market
Data Bridge Market Research analyses that the global notoginseng root extract market will project a CAGR of 2.81% for the forecast period of 2021-2028. Rising awareness about the wide range applications of notoginseng root extract, rising demand of plant based products and growing incorporation of notoginseng in the pharmaceuticals are the major factors responsible for the growth of notoginseng root extract market.
Notoginseng is an herb that is used for blood and circulation associated conditions. One of the functions of notoginseng root extract is to control internal and external bleeding. Apart from that, notoginseng root extract is also used for applications such as cardiac health wellness, removal of the blood clot, and other blood-related diseases. Rb1, Rg1, Rd, Re, and Rb2 are the active ingredients present in notoginseng root extract. Notoginseng root extract can also be used as a combination with other herbs for their anti-inflammatory, immune-stimulatory, anti-fibrotic, neuro protective and other applications. Notoginseng root extracts possess both anti-haemostatic and pro-haemostatic properties and this are used for a wide range of chemical reactions.
Rising personal disposable income and increasing awareness about notoginseng root extracts are the major factors fostering the growth of notoginseng root extract market. Growing application of not ginseng extracts in the personal care sector is another important factor acting as a notoginseng root extract market growth determinant. High demand of food products with greater nutritional content and rising health awareness among people will further create lucrative growth opportunities for the notoginseng root extract market. Growth and expansion of e-commerce sector especially in the developing economies with an aim to increase the product penetration and consumer reach will induce growth in the notoginseng root extract market value. Changing lifestyle and increasing application of notoginseng root extracts in the pharmaceutical drugs will also induce growth in the demand for notoginseng root extract. Rising expenditure on research and development proficiencies will further propel growth in the notoginseng root extract market value.
However, regulatory bodies of different countries having a strong stand against alternative medicine will pose a major challenge to the growth of notoginseng root extract market. High cultivation costs will further derail the notoginseng root extract market growth rate. Rising concerns related to the side effects will also dampen the market growth rate. Fluctuations in the not ginseng pricing will also hamper the notoginseng root extract market growth rate.
This notoginseng root extract market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on notoginseng root extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Notoginseng Root Extract Market Scope and Market Size
The notoginseng root extract market is segmented on the basis of form and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the notoginseng root extract market is segmented into power and liquid.
- On the basis of end use, the notoginseng root extract market is segmented into pharmaceuticals, cosmetics, health supplement products and others.
Notoginseng Root Extract Market Country Level Analysis
The notoginseng root extract market is analyses and market size, volume information is provided by country, form and end use as referenced above.
The countries covered in the notoginseng root extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America spearheads the notoginseng root extract market and will continue to flourish its trend of dominance during the forecast period owing to the growth in the alternative and natural medicinal product market. However, Asia-Pacific will register the highest CAGR for the forecast period. India and China will emerge to become the major contributors from this region owing to the increasing personal disposable income and supportive government policies. Rising application of notoginseng root extract in the pharmaceutical drugs coupled with growth and expansion of pharmaceutical industry will further aggravate the demand and supply of notoginseng root extract in the future.
The country section of the notoginseng root extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Notoginseng Root Extract Market Share Analysis
The notoginseng root extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to notoginseng root extract market.
The major players covered in the notoginseng root extract market report are Merck KGaA, ortopchem.seekchem.com., Biosynth Carbosynth., Organik, NOW Foods, Ginco International, Global Therapeutics Pty Ltd, NATURE'S HEALTH, Puritan's Pride, Inc., Umeken USA, Inc., Schumacher Ginseng LLC, Swanson, Hsu's Ginseng Enterprises Inc., The Garden of Naturalsolution, MARUTAKA PULSE CO. LTD, Organic Herb Inc., KinGreen Bio-Engineering Technology Co., Ltd, Shanghai Sinoexpo Informa Markets International Exhibition Co. Ltd, Nanjing NutriHerb BioTech Co.,Ltd and Xi′an Qingzhi Bio-Tech Co., Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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