Global Salvia Miltiorrhiza Extract Market Outlook
Global Salvia Miltiorrhiza (Danshen) Extracts Market was valued at USD 43.48 Billion in 2021 and is expected to reach USD 92.57 Billion by the year 2028, at a CAGR of 11.4%. Analysis Period(2023-30)
Salvia miltiorrhiza, referred to as Danshen in Chinese, is a traditional Chinese medicinal herb. Radix et rhizoma Salviae miltiorrhizae (Danshen, from Salvia miltiorrhiza Bunge, Lamiaceae) has been utilized commonly as a traditional Chinese medicine in many Asian economies such as China, Japan, and Korea. Danshen is the dried root of S. miltiorrhiza (Labiatae) and is one of the most flexible Chinese herbal drugs, sometimes described as Chinese sage or red sage root.
Top Company Profiles Include in this Salvia Miltiorrhiza (Danshen) Extracts Market report:
Kangdu Pharmaceutical Co.Ltd.,Harmonic Arts Botanical Dispensary,Xi'an Gaoyuan Bio-Chem Co.Ltd.,Xian Yuensun Biological Technology,Qingdao Dacon Trading,Ron Teeguarden Enterprises,Changsha Organic Herb,Hawaii Pharm LLC,Organicway,Wincobel Chemical Co.Ltd.,Others
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The latest research on the Salvia Miltiorrhiza (Danshen) Extracts market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Salvia Miltiorrhiza (Danshen) Extracts industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Salvia Miltiorrhiza (Danshen) Extracts market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Objectives of the Study:
· To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)
· To provide detailed information regarding the major factors influencing the growth of the Salvia Miltiorrhiza (Danshen) Extractsmarket (drivers, restraints, opportunities, and challenges)
· To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market
Segmentation Of Salvia Miltiorrhiza (Danshen) ExtractsMarket:
In market segmentation by Nature, the Salvia Miltiorrhiza (Danshen) ExtractsMarket report covers:
Organic, Conventional
In market segmentation by Application the Salvia Miltiorrhiza (Danshen) Extracts Market report covers:
Pharmaceuticals, Dietary Supplements, Cosmetics, Others
Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact Analysis
The spread of the COVID-19 pandemic has negatively impacted the global Salvia Miltiorrhiza (Danshen) Extracts(UAV) market, owing to disruption in the supply chain, tighten budgets of the end users and is expected to weaken the financial performance of the market players in 2020. It has impacted the overall economy, and contributors such as market participants are formulating strategic cost-saving plans. The major risk factors of the Salvia Miltiorrhiza (Danshen) Extracts(UAV) market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of the developing facilities of Salvia Miltiorrhiza (Danshen) Extracts(UAV) have been shut down during the pandemic due to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.
Scope Of The Salvia Miltiorrhiza (Danshen) Extracts Market Research Report
Report Metric | Details |
Market size available for years | 2016-2022 |
Base year considered | 2022 |
Forecast period | 2023-2030 |
Forecast units | Billion (USD) |
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