Global Notoginseng Root Extract Market By Form (Powder, Liquid), End Use (Pharmaceuticals, Cosmetics, Health Supplement Products, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Notoginseng Root Extract Market
Global notoginseng root extract market is expected to register a steady CAGR of 3.63% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand of plant based products and growing incorporation of notoginseng in the pharmaceuticals.
Market Definition: Global Notoginseng Root Extract Market
Notoginseng is an herb mainly used for blood and circulation associated conditions. Notoginseng can be often used together with various other herbs for stopping both external and internal bleeding, It is also provided to support other effects including anti-inflammatory, immunostimulatory, anti-fibrotic, neuroprotective and others. There is increasing evidence that notoginseng has both anti-haemostatic and pro-haemostatic properties.
- Growing application of notoginseng extracts in the personal care sector is driving the market growth
- Increasing demand of health supplements is also expected to drive the growth of this market
- Growing increase in the health conscious consumer demographics is boosting the market
- Rising E-commerce for increasing the product penetration and consumer reach is escalating the market growth
- High cultivation cost of notoginseng is expected to restrain the market growth
- Side effects related to notoginseng is also expected to hinder the market growth
- Fluctuations in the notoginseng pricing may affect the sectors using notoginseng and can restrain the market demand
Segmentation: Global Notoginseng Root Extract Market
By End Use
- Health Supplement Products
- North America
- South America
- Rest of South America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In November 2018, Organic Herb Inc. exhibited their products at the Supplyside West 2018 which is the largest plant-extract professional exhibition held in Europe. This would help the company to showcase their products and enhance their customer base
- In October 2018, Organic Herb Inc. showcased their products at the CPhI Worldwide which is the largest pharmaceutical raw materials exhibition held in the U.S. This exhibition would help the visitors to learn more about their products and expand their customer base of the company
Global notoginseng root extract market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of notoginseng root extract market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global notoginseng root extract market are 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, SBL, 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 and others.
Research Methodology: Global Notoginseng Root Extract Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure