Global Salvia Miltiorrhiza Extract Market Outlook
Global market for salvia miltiorrhiza extracts projected at USD 39.03 Billion in the year 2020, is anticipated to reach a revised size of USD 74.06 Billion by 2027, growing at a CAGR of 11. 4% over the forecast period 2020-2027.
Salvia
Miltiorrhiza (Danshen) Extracts Market Insights:
Salvia miltiorrhizai is a traditional Chinese prennial
herb, which is also known by the name danshen, red sage and Chinese sage herb.
Salvia miltiorrhizai is indigenous in China and grows on the hillsides and
steam banks. Salvia miltiorrhiza ectract are mostly derived from the root of
the herbs. Salvia miltiorrhizai has been used for a long time in the treatment
of cerebrovascular and cardiovascular diseases.Furthermore, salvia miltiorrhiza
extract is also used for the treatment of bronchitis, high cholesterol and
blood circulation problems. The chemical compounds in salvia miltiorrhiza
extract are phenolic acids, terpenoids, β-sitosterol, baicalin, ursolic acid
and daucosterol.
The global Salvia
Miltiorrhiza (Danshen) Extracts market provides qualitative and quantitative information on
growth rate, market segmentation, market size, future trends and regional
prospects. The research study represents a modern perspective aimed at securing
the future potential of the Salvia Miltiorrhiza (Danshen) Extractsmarket. This
report analyzes and evaluates the latest prospects for the new retail space, as
well as the general and future market performance of Covid-19. In addition,
this report provides a detailed overview of competition between some industries
and others.
Salvia
Miltiorrhiza (Danshen) ExtractsMarket - Size, Competitive Landscape and Segmentation
Analysis:
Salvia Miltiorrhiza (Danshen) ExtractsMarket Reports
provide a high-level overview of market segments by product type,
applications, leading key players, and regions, as well as market
statistics. The research insights focus on the impact of the Covid-19
epidemic on performance and offers a thorough examination of the current market
and market dynamics. This crucial understanding of the report's objective can
help you make better strategic decisions about investment markets by assessing
elements that may affect current and future market circumstances. The leading
key players in the Global and Regional market are summarized in a research to
understand their future strategies for growth in the market.
Top Company
Profiles Include in this Salvia Miltiorrhiza (Danshen) ExtractsMarket 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
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)
·
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
·
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
·
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
·
South America (Brazil, Argentina, Rest of South America)
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 |
2022-2028 |
|
Base year
considered |
2021 |
|
Forecast
period |
2022-2028 |
|
Forecast
units |
Million
(USD) |