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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, 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.

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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.

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

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