Market Overview:
The global notoginseng root extract market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for notoginseng root extract in pharmaceuticals, cosmetics and personal care, and health supplement products. North America is expected to dominate the global notoginseng root extract market during the forecast period owing to the presence of key players in this region and rising demand for notoginseng root extract from pharmaceuticals sector. Asia Pacific is projected to be the fastest growing region during the forecast period owing to rising awareness about benefits of notoginseng root extract among consumers coupled with increasing disposable income levels in countries such as China and India.
Product Definition:
Notoginseng Root Extract is a natural extract derived from the root of Panax notoginseng, a plant in the family Araliaceae. It has been used as an herbal medicine for centuries in Asia for its purported health benefits. Notoginseng Root Extract is thought to possess anti-inflammatory, antioxidant, and cardioprotective properties.
Powder Extract:
Powder extract is a super concentrated form of the plant or animal material, which has been processed to separate the solid and liquid components. The powder extract is then mixed with alcohol or water for consumption. Powder extracts are used as flavoring agents in food products such as meat products, bakery items, sauces & condiments and beverages like juices and aerated drinks.
Liquid Extract:
Liquid extract is a concentrated solution of the active ingredients and it's used in producing Notoginseng Root Extract. It helps to increase immune function, improve metabolism, enhance bone health and prevent diseases.
The liquid extract consists of 80% - 90% concentration of active ingredients with less than 10% water content. The extraction process is carried out using supercritical fluid CO2 at high pressure (15-20 atm) and temperature (300-350 °C).
Application Insights:
Health supplement products led the global notoginseng root extract market in 2017. This can be attributed to the rising geriatric population, which is prone to various diseases due to unhealthy lifestyle and dietary habits. In addition, a rise in cases of diabetes has increased the demand for medicinal herbs that help improve blood sugar levels and reduce insulin requirements.
The pharmaceutical segment is expected to witness significant growth over the forecast period owing to an increase in cancer patients seeking alternative treatment options other than chemotherapy and radiation therapy. These therapies have shown limited success due largely of their non-specific nature; therefore, researchers are focusing on developing specific drugs for specific cancers based on their genetic makeup as well as molecular structure-activity relationships that govern drug interactions with other compounds found in nature or synthesized by man¢â‚¬â„¢s laboratories. Such factors are anticipated to drive product demand over the forecast period from 2018 through 2030 globally.
Regional Analysis:
North America accounted for the largest share of global market in 2017. The region is expected to maintain its dominance over the forecast period as well due to presence of developed pharmaceutical and cosmetics industries, high consumer awareness, and increasing R&D activities related to natural products. Increasing demand for nutraceuticals in countries such as U.S., Canada, and Mexico on account of rising concerns regarding health is also anticipated to drive this regional market during the forecast period.
Europe was valued at USD X million in 2017 owing to growing product demand from Germany (in powder form), France (liquid extract form), Italy (nutraceuticals & food supplements) along with other Eastern European countries such as Russia and Poland that are major producers of notoginseng roots worldwide for pharmaceutical applications.
Growth Factors:
- Increasing demand for Notoginseng Root Extract in the pharmaceutical and nutraceutical industries as a result of its various health benefits.
- Growing popularity of traditional Chinese medicine (TCM) which is driving the demand for Notoginseng Root Extract as a key ingredient in TCM formulations.
- Rising awareness about the health benefits of Notoginseng Root Extract among consumers, especially in developed countries where it is gaining traction as an alternative to conventional medicines.
- Robust research and development activities by leading players to develop new applications for Notoginseng Root Extract that would help expand its use beyond traditional markets such as China and Japan .
- Growing number of distributors and retailers offering Notoginseng Root Extract products, which is making it more easily available to consumers worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Notoginseng Root Extract Market Research Report
By Type
Powder Extract, Liquid Extract
By Application
Pharmaceuticals, Cosmetics and Personal Care, Health Supplement Products, Others
By Companies
Organic Herb Inc, Xi'an KinGreen Bio-Engineering Technology, Sichuan Xingjiexiang Pharmaceutical, Xi'an Qing Zhi Biotechnology, Nanjing NutriHerb BioTech, Organic Herb Inc
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Notoginseng Root Extract Market Report Segments:
The global Notoginseng Root Extract market is segmented on the basis of:
Types
Powder Extract, Liquid Extract
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 and Personal Care, Health Supplement Products, 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:
- Organic Herb Inc
- Xi'an KinGreen Bio-Engineering Technology
- Sichuan Xingjiexiang Pharmaceutical
- Xi'an Qing Zhi Biotechnology
- Nanjing NutriHerb BioTech
- Organic Herb Inc
Highlights of The Notoginseng Root 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:
- Powder Extract
- Liquid Extract
- By Application:
- Pharmaceuticals
- Cosmetics and Personal Care
- Health Supplement Products
- 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 Notoginseng Root 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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?
Notoginseng root extract is a natural supplement that has been traditionally used in Asia to improve cognitive function and overall health. It is made from the roots of the Ginseng plant, which are believed to have anti-aging properties and promote better mental clarity.
Some of the major players in the notoginseng root extract market are Organic Herb Inc, Xi'an KinGreen Bio-Engineering Technology, Sichuan Xingjiexiang Pharmaceutical, Xi'an Qing Zhi Biotechnology, Nanjing NutriHerb BioTech, Organic Herb Inc.
The notoginseng root 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 Notoginseng Root 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 Notoginseng Root Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Notoginseng Root 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 Notoginseng Root 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 Notoginseng Root Extract Market Size & Forecast, 2018-2028
4.5.1 Notoginseng Root Extract Market Size and Y-o-Y Growth
4.5.2 Notoginseng Root Extract Market Absolute $ Opportunity
Chapter 5 Global Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Type
5.2.1 Powder Extract
5.2.2 Liquid Extract
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Cosmetics and Personal Care
6.2.3 Health Supplement Products
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Notoginseng Root 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 Notoginseng Root 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 Notoginseng Root Extract Analysis and Forecast
9.1 Introduction
9.2 North America Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Type
9.6.1 Powder Extract
9.6.2 Liquid Extract
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 Notoginseng Root Extract Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Cosmetics and Personal Care
9.10.3 Health Supplement Products
9.10.4 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 Notoginseng Root Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Type
10.6.1 Powder Extract
10.6.2 Liquid Extract
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 Notoginseng Root Extract Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Cosmetics and Personal Care
10.10.3 Health Supplement Products
10.10.4 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 Notoginseng Root Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Type
11.6.1 Powder Extract
11.6.2 Liquid Extract
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 Notoginseng Root Extract Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Cosmetics and Personal Care
11.10.3 Health Supplement Products
11.10.4 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 Notoginseng Root Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Notoginseng Root 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 Notoginseng Root Extract Market Size Forecast by Type
12.6.1 Powder Extract
12.6.2 Liquid Extract
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 Notoginseng Root Extract Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Cosmetics and Personal Care
12.10.3 Health Supplement Products
12.10.4 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) Notoginseng Root Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Notoginseng Root 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) Notoginseng Root Extract Market Size Forecast by Type
13.6.1 Powder Extract
13.6.2 Liquid Extract
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) Notoginseng Root Extract Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Cosmetics and Personal Care
13.10.3 Health Supplement Products
13.10.4 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 Notoginseng Root Extract Market: Competitive Dashboard
14.2 Global Notoginseng Root Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Organic Herb Inc
14.3.2 Xi'an KinGreen Bio-Engineering Technology
14.3.3 Sichuan Xingjiexiang Pharmaceutical
14.3.4 Xi'an Qing Zhi Biotechnology
14.3.5 Nanjing NutriHerb BioTech
14.3.6 Organic Herb Inc
