Market Overview:
The global astragalus extract market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The high purity segment is expected to dominate the market in terms of value, and is projected to grow at a CAGR of 7.1%. The low purity segment is projected to grow at a CAGR of 5.8%. In terms of volume, the high purity segment accounted for more than two-thirds share in 2017 and is anticipated to maintain its dominance throughout the forecast period.
Product Definition:
Astragalus Extract is a plant-based extract that has been used in traditional Chinese medicine for centuries. It is thought to help improve overall health and vitality. Astragalus Extract is also believed to boost the immune system and support the body's natural healing processes.
High Purity:
High purity is a term used for the extraction of medicinal plants that has high content of active ingredients. The main factor responsible for increasing the value of high purity in herbal extract is its therapeutic effect on human beings. Herbal supplements with higher percentage of active ingredients are more effective and have fewer side effects as compared to other extracts.
Increasing demand from end-users such as hospitals, clinics, fitness centers.
Low Purity:
Low Purity is a term used for herbal products that have been processed from raw materials but not all the way to final product. It has been purified/filtered and cut, but some components may remain in the end product. Low purity products are cheaper than high purity products as low priced raw material can be used along with less expensive equipment to produce low price end-product.
Application Insights:
Pharmaceuticals was the leading application segment in 2017, accounting for over 50% of the total revenue share. The product is widely used in pharmaceutical formulations to enhance therapeutic benefits owing to its anti-inflammatory, antioxidant and adaptogenic properties. Increasing healthcare costs along with a growing geriatric population across the world are expected to drive demand for medicinal products including astragalus extract over the forecast period. In addition, increasing R&D activities by various companies for discovering novel applications of this herb is projected to boost industry growth during future years.
The cosmetics segment accounted for nearly 25% of global market revenue share in 2017 due largely to rising consumer awareness regarding health & hygiene issues coupled with changing climatic conditions has resulted in increased focus on skin care products among women population globally.
Regional Analysis:
North America held the largest market share in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period due to increasing demand for supplements and functional food & beverages among consumers. In addition, rising prevalence of chronic diseases such as diabetes and cancer is anticipated to propel product demand from U.S., which accounted for a major market share in North America region.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to growing awareness regarding health benefits associated with astragalus extract coupled with low prices offered by manufacturers located near China's border areas with Mongolia and Russia (Dingxin). Moreover, increasing disposable income levels are also estimated to contribute toward regional growth over the next eight years.
Growth Factors:
- Increasing demand for Astragalus Extract from dietary supplements and functional foods manufacturers due to its health benefits is expected to drive the market growth.
- Rising awareness about the health benefits of Astragalus Extract is anticipated to fuel the market growth in the near future.
- Growing popularity of traditional Chinese medicines (TCMs) is projected to boost the demand for Astragalus Extract in the coming years.
- Increasing research and development activities on Astragalus Extract are likely to propel market growth over the forecast period.
- The growing geriatric population is expected to create opportunities for this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Astragalus Extract Market Research Report
By Type
High Purity, Low Purity
By Application
Pharmaceuticals, Cosmetics, Others
By Companies
Tasly, Xi'an SR Bio-enginnering, Xi'an Tianan, Tasly
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Astragalus Extract Market Report Segments:
The global Astragalus Extract market is segmented on the basis of:
Types
High Purity, Low Purity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tasly
- Xi'an SR Bio-enginnering
- Xi'an Tianan
- Tasly
Highlights of The Astragalus Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Purity
- Low Purity
- By Application:
- Pharmaceuticals
- Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Astragalus Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Astragalus Extract is a natural supplement that is derived from the root of the Astragalus plant. This extract has been shown to improve overall health and well-being by supporting cardiovascular health, immune system function, and cognitive function.
Some of the major players in the astragalus extract market are Tasly, Xi'an SR Bio-enginnering, Xi'an Tianan, Tasly.
The astragalus extract market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Astragalus Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Astragalus Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Astragalus Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Astragalus Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Astragalus Extract Market Size & Forecast, 2018-2028
4.5.1 Astragalus Extract Market Size and Y-o-Y Growth
4.5.2 Astragalus Extract Market Absolute $ Opportunity
Chapter 5 Global Astragalus Extract Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Astragalus Extract Market Size Forecast by Type
5.2.1 High Purity
5.2.2 Low Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Astragalus Extract Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Astragalus Extract Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Cosmetics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Astragalus Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Astragalus Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Astragalus Extract Analysis and Forecast
9.1 Introduction
9.2 North America Astragalus Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Astragalus Extract Market Size Forecast by Type
9.6.1 High Purity
9.6.2 Low Purity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Astragalus Extract Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Cosmetics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Astragalus Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Astragalus Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Astragalus Extract Market Size Forecast by Type
10.6.1 High Purity
10.6.2 Low Purity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Astragalus Extract Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Cosmetics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Astragalus Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Astragalus Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Astragalus Extract Market Size Forecast by Type
11.6.1 High Purity
11.6.2 Low Purity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Astragalus Extract Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Cosmetics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Astragalus Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Astragalus Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Astragalus Extract Market Size Forecast by Type
12.6.1 High Purity
12.6.2 Low Purity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Astragalus Extract Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Cosmetics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Astragalus Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Astragalus Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Astragalus Extract Market Size Forecast by Type
13.6.1 High Purity
13.6.2 Low Purity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Astragalus Extract Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Cosmetics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Astragalus Extract Market: Competitive Dashboard
14.2 Global Astragalus Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tasly
14.3.2 Xi'an SR Bio-enginnering
14.3.3 Xi'an Tianan
14.3.4 Tasly
