The global notoginseng root extract market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 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
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
Global Notoginseng Root Extract Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
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