Market Overview:
The global tanshinone market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for tanshinone in drugs and health products, and increasing research and development activities for new applications of tanshinone. However, stringent regulatory norms may restrain the growth of the market. Based on type, natural tanshinones are expected to dominate the global market during the forecast period owing to their high demand in traditional Chinese medicines (TCMs). Synthetic tanshinones are projected to grow at a higher CAGR than natural ones due their growing use in modern medicines. Based on application, drugs segment is estimated to account for majority share of the global market during 2018-2030. This can be attributedto growing use of tanshinones as active ingredientsin variousdrug formulations acrossthe globe.
Product Definition:
A tanshinone is a type of organic compound that belongs to the class of quinones. Tanshinones are typically found in plants, and they have been shown to possess various pharmacological properties, including anti-inflammatory and anticancer effects.
Natural:
Natural tanning agents are extracted from plant leaves, fruits and animal hides. These products have been used for the treatment of various skin diseases like psoriasis, eczema and dermatitis. Natural agents can be further divided into two categories such as synthetic (artificial) and natural (derived from plants & animals). The demand for these products is increasing owing to the growing consumer awareness regarding their benefits in treating various skin disorders along with protection against UV rays.
Synthesis:
Synthesis is the process of making a chemical substance from scratch. In this process, a starting material or raw material is converted into another substance by means of direct chemical reactions between different chemicals. The most common way to synthesize a compound is by means of conventional (classical) synthesis, where two or more substances are formed through simple reaction and then further processed to obtain desired product.
In case of taninshinone, the synthesis procedure involves oxidation.
Application Insights:
Drug segment held the largest share of over 70.0% in 2017. Tanshinones are widely used as a raw material for the manufacturing of pharmaceutical drugs & nutraceuticals due to their anti-inflammatory, antioxidant, and immunomodulatory activities. The global drug manufacturers including Pfizer, Novartis, and GlaxoSmithKline are investing heavily in R&D initiatives with an objective to introduce new molecules that can help treat diseases such as diabetes and cancer at a molecular level. This is expected to drive product demand from 2018 to 2030.
Health products were the second largest application segment where usage rates varied from country to country but generally speaking it was low compared with drugs applications which accounted for around 60% - 70%. Usage rate for tanshinone was higher in Asia Pacific region than other regions mainly attributed due its use as an active ingredient in dietary supplements & functional food additives industry across China Japan Taiwan Korea India Vietnam Thailand Malaysia Philippines Indonesia etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 45%. The region is expected to maintain its dominance during the forecast period. This can be attributed to rising demand for natural ingredients as well as synthetic products in countries such as China, India, Japan, South Korea, Australia and New Zealand. In addition, increasing health consciousness among consumers is anticipated to fuel product demand in this region.
North America also held a significant share of global tanshinone market owing to high consumer awareness along with growing R&D activities related to human health supplements & nutrition products. Europe followed Asia Pacific in terms of revenue generation due to presence of major companies such as Evonik Industries AG and Aracruz Celulose EOOD that manufacture these products on large scale basis coupled with high consumption by end-use industries such as personal care cosmetics & drugs industry which has led it being one of the most lucrative regions globally over past few years.
Growth Factors:
- Increasing demand from the pharmaceutical and nutraceutical industries for tanshinone as a natural product with various therapeutic properties.
- Growing research on tanshinone's potential health benefits, including its anti-inflammatory, anticancer, and antioxidant properties.
- Rising awareness of the health benefits of traditional Chinese medicine (TCM), which is driving increased use of tanshinone in TCM formulations.
- The growing popularity of herbal supplements and other natural products as alternatives to conventional medications, especially among consumers seeking to improve their overall health and well-being.
- Technological advances that are making it easier to extract and purify tanshinone from the plants that produce it, making this valuable compound more widely available to manufacturers and consumers alike
Scope Of The Report
Report Attributes
Report Details
Report Title
Tanshinone Market Research Report
By Type
Natural, Synthesis
By Application
Drugs, Health Products, Others
By Companies
Enzo Life Science, Alfa Biotechnology, Xian Honson Biotechnology, Stanford Chemicals
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Tanshinone Market Report Segments:
The global Tanshinone market is segmented on the basis of:
Types
Natural, Synthesis
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
Drugs, Health 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:
- Enzo Life Science
- Alfa Biotechnology
- Xian Honson Biotechnology
- Stanford Chemicals
Highlights of The Tanshinone 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:
- Natural
- Synthesis
- By Application:
- Drugs
- Health 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 Tanshinone 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?
Tanshinone is a natural compound found in plants. It has anti-inflammatory and antioxidant properties.
Some of the major companies in the tanshinone market are Enzo Life Science, Alfa Biotechnology, Xian Honson Biotechnology, Stanford Chemicals.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tanshinone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tanshinone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tanshinone Market - Supply Chain
4.5. Global Tanshinone Market Forecast
4.5.1. Tanshinone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tanshinone Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tanshinone Market Absolute $ Opportunity
5. Global Tanshinone Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tanshinone Market Size and Volume Forecast by Type
5.3.1. Natural
5.3.2. Synthesis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tanshinone Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tanshinone Market Size and Volume Forecast by Application
6.3.1. Drugs
6.3.2. Health Products
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tanshinone Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tanshinone Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tanshinone Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tanshinone Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tanshinone Demand Share Forecast, 2019-2026
9. North America Tanshinone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tanshinone Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tanshinone Market Size and Volume Forecast by Application
9.4.1. Drugs
9.4.2. Health Products
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tanshinone Market Size and Volume Forecast by Type
9.7.1. Natural
9.7.2. Synthesis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tanshinone Demand Share Forecast, 2019-2026
10. Latin America Tanshinone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tanshinone Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tanshinone Market Size and Volume Forecast by Application
10.4.1. Drugs
10.4.2. Health Products
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tanshinone Market Size and Volume Forecast by Type
10.7.1. Natural
10.7.2. Synthesis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tanshinone Demand Share Forecast, 2019-2026
11. Europe Tanshinone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tanshinone Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tanshinone Market Size and Volume Forecast by Application
11.4.1. Drugs
11.4.2. Health Products
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tanshinone Market Size and Volume Forecast by Type
11.7.1. Natural
11.7.2. Synthesis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tanshinone Demand Share, 2019-2026
12. Asia Pacific Tanshinone Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tanshinone Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tanshinone Market Size and Volume Forecast by Application
12.4.1. Drugs
12.4.2. Health Products
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tanshinone Market Size and Volume Forecast by Type
12.7.1. Natural
12.7.2. Synthesis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tanshinone Demand Share, 2019-2026
13. Middle East & Africa Tanshinone Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tanshinone Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tanshinone Market Size and Volume Forecast by Application
13.4.1. Drugs
13.4.2. Health Products
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tanshinone Market Size and Volume Forecast by Type
13.7.1. Natural
13.7.2. Synthesis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tanshinone Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tanshinone Market: Market Share Analysis
14.2. Tanshinone Distributors and Customers
14.3. Tanshinone Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Enzo Life Science
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alfa Biotechnology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Xian Honson Biotechnology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stanford Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
