The global notoginseng root extract market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). 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.
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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
- Segment Covered
- Regions Covered- Globally
Competitive Landscape- Nanjing NutriHerb BioTech Co., Ltd., Organic Herb Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Notoginseng Root Extract Market Report Segmentation
By Form
o Powder
o Liquid
By End-User
o Pharmaceutical
o Cosmetics and Personal Care
o Health Supplement
o Others
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