Press release
Notoginseng Root Extract Industry Is Projected To Reach US$ 432.8 Mn By 2028
Market Overview
Notoginseng, a prized herb in traditional Chinese medicine, is renowned for its adaptogenic, anti-inflammatory, and antioxidant properties. Extracts from the root have found applications in dietary supplements, functional foods, skincare products, and pharmaceutical formulations. Increasing consumer awareness of natural and herbal remedies is boosting the global demand for Notoginseng root extract.
๐๐๐ญ ๐ ๐๐ฅ๐ข๐ฆ๐ฉ๐ฌ๐ ๐๐ง๐ฌ๐ข๐๐: ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ค๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64784
Market Size and Growth
The Notoginseng Root Extract Market exhibited steady growth between 2018 and 2023, with an estimated compound annual growth rate (CAGR) of 4%. By 2028, the market is projected to reach a valuation of US$ 432.8 Mn, driven by expanding applications in diverse industries and rising global health consciousness.
Market Segmentation
The market can be segmented into the following categories:
By Service Type
Extraction and Processing
Distribution and Retail
By Sourcing Type
Organic Notoginseng Root Extract
Conventional Notoginseng Root Extract
By Application
Pharmaceuticals
Nutraceuticals
Cosmetics
Functional Foods
By Industry Vertical
Healthcare
Personal Care
Food and Beverage
Agriculture
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
Asia-Pacific
The Asia-Pacific region dominates the market, accounting for over 45% of the total market share in 2023. Countries like China and South Korea are leading consumers due to the cultural significance of traditional medicine.
North America
North America is witnessing rapid growth, driven by increasing consumer interest in herbal supplements and alternative medicine.
Europe
Europe's market is expanding due to stringent regulations promoting the use of natural and sustainable ingredients in food and cosmetics.
Latin America and MEA
Emerging markets in Latin America and the Middle East & Africa are poised for growth, spurred by rising disposable incomes and awareness of herbal remedies.
๐๐๐ญ ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.transparencymarketresearch.com/notoginseng-root-extract-market.html
Market Drivers and Challenges
Market Drivers
Rising consumer preference for natural and organic products.
Increasing research into the health benefits of Notoginseng.
Growth in the nutraceutical and functional food industries.
Challenges
High costs associated with organic cultivation and extraction.
Limited awareness in underdeveloped regions.
Regulatory hurdles in certain markets.
Market Trends
R&D Investments: Companies are investing in research to explore new applications for Notoginseng root extract.
Organic Boom: Growing demand for organic extracts is reshaping the market landscape.
Cosmetic Integration: Increasing use in anti-aging and skin health formulations.
Competitive Landscape
Key players in the market include:
Naturex
Givaudan
Herbalife Nutrition
Arjuna Natural
These companies are focusing on product innovation, mergers, and acquisitions to strengthen their market presence.
Future Outlook
The Notoginseng Root Extract Market is poised for robust growth between 2024 and 2028. Innovations in extraction techniques, coupled with expanding consumer applications, are expected to drive market expansion. Moreover, increasing global health awareness will create new opportunities for stakeholders.
Key Market Study Points
Impact of regulatory frameworks on market growth.
Adoption of Notoginseng root extract in Western pharmaceutical formulations.
Trends in consumer behavior and purchasing patterns.
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About Us:
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
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With reference to the latest market forecast report published by Transparency Market Research, titled 'Notoginseng Root Extract Market: Global Industry Analysis and Opportunity Assessment 2018-2027', revenue generated from the global notoginseng root extract market has been estimated to be valued around US$ 308.6 Mn in 2018, which is expected to increase at a CAGR of 3.4% to US$ 432.8โฆ
