Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Dong Quai Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by the High Demand for Conventional Dong Quai

According to a new report by EMR titled, 'Global Dong Quai Market Report and Forecast 2021-2026', the global market for dong quai is being supported by the growth of the Chinese traditional medicine market, which is expected to grow at a CAGR of 8.8% in the forecast period of 2021-2026.

The market for dong quai is being driven by the huge demand for conventional dong quai in terms of value due to its established market globally. Meanwhile, the emerging demand for its organic variant is expected to propel the market growth over the forecast period. Due to the growing awareness about the health benefits of organic products, the market is predicted to accelerate over the coming years. The market is further facilitated by the easy availability for powder and tincture forms of dong quai, which are in great demand due to the elevated demand from the dietary supplement and pharmaceutical sectors.

The market key players, such as Bio Botanica, Inc. and Happy Herb Co., are aiding the market growth by facilitating the distribution of the product. According to a study conducted in 2014, the consumption of dong quai under a doctor’s supervision has exhibited to limit the osteoarthritis-related breakdown of cartilage. Later, a study published in 2018 demonstrated it reverses the oxidative stress caused by osteoarthritis in human cells. The product is available on Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, which is rapidly growing, thereby, fuelling the market growth of dong quai.

Market Analysis by Nature, Form, Application, and Region:

  • The dong quai industry, on the basis of nature, is divided into organic and conventional.
  • Based on form, the industry is segmented into powder, liquid, and others.
  • On the basis of applications, the industry is categorised into dietary supplement, pharmaceutical, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for dong quai is being driven by the growing demand for traditional medicine globally.
  • The rising demand for the herb for traditional purposes and natural remedial products is fuelling the market growth.
  • Further, the increasing demand for the product to be used as a medicinal and herbal tea is furthering the market growth.
  • The market is further enhanced by the growing demand for organic products from the food and beverage industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for dong quai for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the nature, forms, applications, and major regions of dong quai. 
  • It gives an in-depth look at the regional price trends in the global market for dong quai.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Bio Botanica, Inc., Happy Herb Co., Carrubba Incorporated, and Xian Yuensun Biological Technology Co.,Ltd., among others, are the key players in the global dong quai market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Protein Supplements Market Report and Forecast 2021-2026


Global Wheat Protein Market Report and Forecast 2021-2026


Global Omega 3 Market Report and Forecast 2021-2026


Global Milk Protein Concentrate Market Report and Forecast 2021-2026


Global Whey Protein Concentrate Market Report and Forecast 2021-2026


NEWSLETTER