Global Astragalus Root Extract Market – Industry Trends and Forecast to 2029

Global Astragalus Root Extract Market, By Product (Powder, Whole Root, Liquid), Category (Organic and Conventional), Application (Food Industry, Pharmaceuticals Industry, Others) – Industry Trends and Forecast to 2029

Astragalus Root Extract Market Analysis and Size

The global astragalus root extract market has grown steadily in recent years, and this trend is expected to continue during the forecast period. Due to the rising health concerns, the growing trend of clean-label food products has created new opportunities for astragalus root extract manufacturers.

Data Bridge Market Research analyses that the astragalus root extract market was valued at USD 5.45 billion in 2021 and is expected to reach the value of USD 10.24 billion by 2029, at a CAGR of 8.2% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Astragalus root extract is a medicinal extract derived from the legume plant astragalus membranaceous root. It contains bioactive compounds such as polysaccharides and flavonoids, which aid the body's ability to fight disease. Due to its health benefits such as improved heart function, improved respiratory system, improved blood circulation in brain cells, and reduced stress levels, astragalus root extract is primarily used in healthy food and energy drinks.

Global Astragalus Root Extract Market Dynamics

Drivers

• Beneficial characteristics of astragalus root extract

Ascorbic acid is a water-soluble vitamin that is essential. Although most plants and animals can synthesise ascorbic acid but humans cannot. As a result, humans require it as a dietary supplement. Acerola is a good source of vitamin C. This property astragalus root extract compels food and beverage manufacturers to include it in their products. Along with being a good source of ascorbic acid, astragalus root extract is one of the few that contain a good amount of phenolic, flavonoids, anthocyanins, and carotenoids. All of these phytonutrients aid in the treatment of various diseases. For its high antioxidant capacity, astragalus root extract promotes the inactivation of free radicals, which are directly related to the ageing process and diseases such as cancer and cardiovascular disorders.

• Growing adoption from the personal care industry

Astragalus root extract widespread use in dietary supplements, beverages, and cosmetics for skin and hair care has accelerated their growth. Astragalus root extract has a standard vitamin composition of 17 percent, which is significantly higher than any other citrus fruit such as oranges and cherries. The demands for organic and natural-based vitamins and the high demand for clean labelled products and consumer awareness have fuelled market growth.

Opportunity

Government organisations have made aggressive efforts to regulate the production and use of environmentally friendly products, such as prohibiting the use of specific chemicals and establishing maximum consumption limits. The growing consumer concern about the health effects of synthetic colours drives the demand for clean label products. The rise in demand for natural ingredients, particularly those used to preserve meat products, can be viewed as an opportunity for astragalus root extract manufacturers to expand and grow.

Restraints

However, high astragalus root extract product costs and side effects from excessive acerola consumption will act as restraints and may impede the growth of the astragalus root extract market during the aforementioned period.

This astragalus 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 localized 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 the astragalus 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.

COVID-19 Impact on Astragalus Root Extract Market

The COVID-19 has impacted economies and businesses such as the food and beverage industry in many countries due to detentions, travel restrictions, and company closures. The distribution network outage has indeed had an impact on acerola availability. The delay in the distribution network will affect the quality of acerola as well as the volume and cost of deliveries. As more people eat healthier foods, the demand for astragalus root extract has increased as a result of the outbreak. As a result, COVID had a significant impact on the astragalus root extract market.

Recent Development

• In February 2019, Duas Rodas Institucional was awarded the Innovation Award, recognising the company for developing the most unique functional element in the Food Ingredients industry. The company manufactures various types of ingredients used in the food and beverage industry. As a result of receiving this award for innovation, the company's market standing has improved.

Global Astragalus Root Extract Market Scope

The astragalus root extract market is segmented on the basis of a product, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Category

• Conventional
• Organic

Application

• Food Industry
• Pharmaceuticals Industry
• Others

Product

• Powder
• Liquid
• Whole root

Astragalus Root Extract Market Regional Analysis/Insights

The astragalus root extract market is analysed and market size insights and trends are provided by country, product, category and application as referenced above.

The countries covered in the astragalus 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).

The Asia-Pacific region is expected to grow at the fastest CAGR, owing to an ageing population, rising disposable income levels in developing economies such as China, Japan, India, and others, rising health awareness levels among people, particularly the female millennial generation with high disease proneness, and deteriorating economic conditions.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Astragalus Root Extract Market Share Analysis

The astragalus 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 astragalus root extract market.

Some of the major players operating in the astragalus root extract market are:

• Naturex (France)
• Duas Rodas Institucional (Brazil)
• Niagro Nichirei do Brasil Agrícola Ltda. (Brazil)
• Diana Group (France)
• The Green Labs LLC (U.S.)
• NutriBotanica (Brazil)
• Vita Forte Inc. (U.S.)
• VidyaHerbs (India)
• PLANTEX (France)
• Martin Bauer Group (Germany)
• Herbal Creative (India)
• Blue Macaw Flora (Brazil)
• Herbal Bio Solutions (India)
• ETChem (China)
• Xi'an Green Source Co., Ltd (China)