The global angelica extract market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Angelica extract refers to a herbal extract derived from the root of the plant Angelica Sinensis with anti-inflammatory, vasodilatory, antispasmodic, and anti-tumor activities. The rise in the prevalence of arthritis is anticipated to drive the growth of the global angelica extract market. According to the data published by National Center for Biotechnology Information (NCBI) in 2020, the global prevalence of knee osteoarthritis (OA) accounted for 16.0% in individuals aged 15 years and older and 22.9% in individuals aged 40 and older. Approximately 654.1 million suffered from knee OA in 2020 globally. Further, the pooled global incidence of knee osteoarthritis registered for 203 per 10,000 persons in individuals aged 20 years and older. The prevalence and incidence varied between countries and increased with age. Thus, the rise in the incidence of arthritis is anticipated to drive the demand for the global angelica extract market during the forecast period.
Moreover, the growing cosmetic industry owing to the rise in cosmetic enterprises and growing demand for cosmetics is anticipated to drive the growth of the global angelica extract market owing to its anti-aging properties during the forecast period. For instance, according to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38% of total cosmetic sales. Thus, the growing cosmetic industry is anticipated to drive the demand for the global angelica extract market during the forecast period (2022-2028)
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Form
- By Application
- By Sales channel
- By Packaging
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Mighty International Co, Ltd., Bio-Botanica Inc, and Mountain Rose Inc among others.
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Global Angelica Extract Market Report by Segment
By Form
- Angelica Root
- Angelica Powder
- Angelica Oil
By Application
- Pharmaceuticals
- Food & Beverages
- Cosmetics
By Sales channel
- Retail stores
- Medical Stores
- Online
- Specialty Stores
- Hyper Market
- Others
By Packaging
- 50ml
- 100ml
- 250ml
- 500ml
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- 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?
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