Press release
Madagascar Periwinkle Extract Market Size, Share, Trends, Growth, Analysis, Research Report and Forecast 2024-2032
Madagascar Periwinkle Extract Market Share
According to a new report by Expert Market Research titled, "Madagascar Periwinkle Extract Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global Madagascar periwinkle extract market is aided by growth of plant extract market and growing utilisation of periwinkle extract in pharmaceutical sector, the plant extract market is projected to further grow at a CAGR of 12.8% between 2024 and 2032 to grow significantly by 2032.
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The Madagascar periwinkle, or Catharanthus roseus, is a flowering plant native to the Indian Ocean Island of Madagascar. Traditionally used in herbal medicine, the plant has recently gained recognition for its alkaloids that have potent medicinal properties. These alkaloids, such as vincristine and vinblastine, have been found to be effective in treating various forms of cancer, making the Madagascar periwinkle a highly sought-after plant in pharmaceutical circles.
A significant Madagascar periwinkle extract market trend is the increasing consumer preference for natural and herbal remedies. With a growing global awareness of health and wellness, consumers are turning towards more natural, non-synthetic solutions for their health needs, thereby fuelling the demand for Madagascar periwinkle extracts.
One of the most compelling applications of Madagascar periwinkle extract is in the field of pharmaceuticals. The extract is a critical source of natural compounds used in the development of anti-cancer drugs. The pharmaceutical industry values this extract for its consistent quality and the ability to derive complex compounds, saving time and resources compared to synthetic production.
As with many natural resources, the sustainability of Madagascar periwinkle harvesting is becoming a significant concern. Ethical sourcing is increasingly becoming a priority for producers and buyers alike, putting pressure on the industry to establish and adhere to sustainable and responsible sourcing practices.
The Asia Pacific region, led by China and India, accounted for a major Madagascar periwinkle extract market share. The rich history of herbal medicine in these countries, coupled with rapid industrial growth, positions them as leaders in both the production and consumption of this valuable extract.
Looking forward, the global push towards more natural and sustainable health solutions is likely to continue driving the Madagascar periwinkle extract market growth. Moreover, as research further illuminates the potential applications of this extract-particularly in cancer treatment-the demand for high-quality, ethically sourced Madagascar periwinkle is expected to rise.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/madagascar-periwinkle-extract-market
Madagascar Periwinkle Extract Market Segmentation
The market can be divided based on source, process, application, end use, and region.
Market Breakup by Source
Leaf
Stem
Flower
Root
Market Breakup by Process
Solvent Extract
Liquid-Solid Extract
Others
Market Breakup by Application
Diabetes
Cancer
Cough
Lung Congestion
Skin Infections
Others
Market Breakup by End Use
Pharmaceuticals
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global Madagascar periwinkle extract market. Some of the major players explored in the report by Expert Market Research are as follows:
Xi'an Saiyang Biotechnology Co., LTD
Summit Ingredients Co., Ltd.
Others
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