The global peony root bark extract market is anticipated to grow at a CAGR of 5.8% during the forecast period (2022-2028). The global peony root bark extract market is anticipated to grow due to an increase in demand for anti-aging creams. Peony root bark extract is not only high in flavonoids, but it also has antibacterial, antioxidant, and anti-inflammatory qualities, as well as the ability to prevent artery hardening. It also aids in the treatment of central nervous system (CNS) diseases, muscle spasms, whooping cough, and neuralgia. These flexible qualities of peony root bark extract are receiving a lot of attention from the pharmaceutical industry, which is expected to push the peony root bark extract market growth.
Menstrual cramps, premenstrual syndrome (PMS), and polycystic ovarian syndrome can all be helped with peony root bark extract. Muscle injuries and broken skin are treated with peony root bark extract. Flavonoids found in peony root bark extract have been shown in studies to inhibit the growth of cancer cells in people.
Factors such as on-the-go lifestyles combined with the rising popularity of dietary supplements are projected to boost the market for peony root bark extract significantly. The increasing tendency of companies to focus on reformulating the ingredient’s content in food to determine its health advantages has an impact on peony root bark extract demand.
Some major players in the market Neo-Green Pharmaceutical Co., Ltd, Nutra Green Biotechnology Co., Ltd., Shaanxi NHK Technology Co., Ltd, Quest Retail Pvt. Ltd., Botanical Cube Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
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Company Product Portfolio
Botanical Cube Inc. offers Natural Hair Loss Treatment with 50% paeoniflorin White peony root extract, which has an effect on cardiovascular and cerebrovascular disease prevention. It has anti-mutagenic and anti-cancer properties. It has anti-lipemic and anti-leukemic properties. It can also help to regulate immunity and lower blood sugar levels.
Quest Retail Pvt. Ltd. Offers Clearly Corrective Brightening & Exfoliating Daily Cleanser, a skin brightening face wash gently exfoliates the skin and purifies it from harmful environmental pollutants, helping to clarify it. The solution, which contains Peony Root Extract, helps to refine and smooth the skin’s texture for a more radiant appearance.
Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top Major Key Player
Neo-Green Pharmaceutical Co., Ltd, Nutra Green Biotechnology Co., Ltd., Shaanxi NHK Technology Co., Ltd, Shandong Yuhua Biotechnology Co., Ltd., Shanghai Herbary Biotechnology Co. Ltd., among 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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Global Peony Root Bark Extract Market Report by Segment
By Type
Powder Form
Liquid Form
By Application
Cosmetics
Pharmaceutical
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