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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Global Salvia Miltiorrhiza Extract Market Outlook
The global salvia miltiorrhiza extract market is being aided by the growth of the plant extract market. The global plant extract market is expected to grow at a CAGR of 12.6% in the forecast period of 2025-2034 to reach a value of USD 139.82 billion by 2034.
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The Asia Pacific to be One of the Leading Regional Markets for the Salvia Miltiorrhiza Extract Industry
The global market for salvia miltiorrhiza extract is being significantly supported by the growth of the industry within the Asia Pacific region. The market growth within the Asia Pacific region is being supported by the thriving consumer demand due to the increased use of the extract in traditional and herbal medicines and favourable geographic conditions for cultivation. The plant is indigenous to the countries within the region. Within the region, China represents one of the largest regional markets for the salvia miltiorrhiza extract industry. North America and Europe are also emerging as significant markets for the product, where the demand is rising due to the rising health awareness among consumers.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Salvia Miltiorrhiza Extract: Market Segmentation
Salvia miltiorrhizai is a popular Chinese herb, also recognised as danshen, red sage, and Chinese sage. The herb is native to China, growing on the hillsides and stream banks. Salvia miltiorrhiza extract is derived from the roots of the herb. The extract is used in the treatment of bronchitis, high cholesterol, and blood circulation disorders. Phenolic acids, terpenoids, ß-sitosterol, baicalin, ursolic acid, and daucosterol are the chemical compounds that are present in salvia miltiorhiza extract.
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On the basis of nature, the market can be divided into the following:
- Organic
- Conventional
Based on form, the market can be segmented as follows:
- Liquid
- Powder
Salvia miltiorrhiza extract finds wide applications in the following sectors:
- Pharmaceuticals
- Herbal Supplements
- Cosmetics
- Others
The regional markets for salvia miltiorrhiza extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Pharmaceuticals Sector Bolstering the Market Growth of Salvia Miltiorrhiza Extract
The growth of the market is being driven by the rising pharmaceutical sector across the globe. Over the past few years, the global demand for botanicals has been growing rapidly, with the botanical medicinal products market witnessing a rapid growth. Thus, the rising acceptance of botanical medicines is aiding the growth of the salvia miltiorrhiza extract industry. In addition, the demand for natural ingredients, combined with salvia miltiorrhiza extract's medicinal properties, has been propelling the growth of the market, especially in the developed nations. In the coming years, the rising R&D activities in the plant extract and herbal medicine sectors are projected to catalyse the market growth.
Key Industry Players in the Global Salvia Miltiorrhiza Extract Market
The report gives a detailed analysis of the following key players in the global salvia miltiorrhiza extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Xian Yuensun Biological Technology Co.,Ltd
- Organicway
- Wincobel Chemical Co.,Ltd.
- Hawaii Pharm LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 12.6% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 139.82 billion by 2034.
The major market drivers include rising population, increasing demand from the pharmaceuticals sector, the growing awareness of the medical benefits of salvia miltiorrhiza extract, and rising research and development activities.
The thriving demand for organic and natural ingredients and growing demand from the pharmaceutical sector are important trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature types of salvia miltiorrhiza extract in the market are organic and conventional.
The major forms of salvia miltiorrhiza extract in the market are liquid and powder.
The significant applications in the market are pharmaceuticals, herbal supplements, and cosmetics, among others.
The key players in the global salvia miltiorrhiza extract market are Xian Yuensun Biological Technology Co., Ltd, Organicway, Wincobel Chemical Co.,Ltd., and Hawaii Pharm LLC, among others.
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