Notoginseng Root Extract Market Sluggish Growth Rate Foreseen by 2023-2029

Notoginseng root extract market is anticipated to grow at a significant CAGR during the forecast period. A notoginseng root extract is obtained from the paradox notoginseng plant. It is widely used in the pharmaceutical preparation associated with the control and prevention of blood and its circulation in the body including reduction of bleeding time, removal of the blood clots, increase in blood circulation, cardiac health wellness, and other blood-related diseases. The ginsenoside Rb1, Rg1, Rd, Re, and Rb2 are active ingredients of the notoginseng root extract that has a role in various pharmaceutical applications. 

The increasing integration of notoginseng root extract in various pharmaceutical formulations and the rising demand for plant-based products are the major factors that supplement the growth of the global notoginseng root extract market during the forecast period. The growing awareness and applications of notoginseng root extract to manage blood-related conditions is the most dominant factor that is anticipated to drive the market. Additionally, the rising application of notoginseng root extract in the combination with other drugs to treat and manage various conditions including anti-inflammatory, anti-fibrotic, immune-stimulatory, and neuro-protective, among others is further expected to boost the market growth and create new opportunities for the market during the forecast period.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered

Regions Covered- Globally
Competitive Landscape- Nanjing NutriHerb BioTech Co., Ltd., Organic Herb Inc., among others.

 Notoginseng Root Extract Market Report Segmentation

By Form

Powder 
Liquid

By End-User

Pharmaceutical 
Cosmetics and Personal Care
Health Supplement
Others

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Regional Analysis                                                                                                                                                                            

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United States
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Europe

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Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

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