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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.
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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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