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Global Dong Quai Market: By Nature: Organic, Conventional; By Form: Powder, Liquid, Others; By Application: Dietary Supplement, Pharmaceutical, Others; Regional Analysis; Historical Market and Forecast (2016-206); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Dong Quai Market Outlook
The global dong quai market is being driven by the Chinese traditional medicine market, which is expected to grow at a CAGR of 8.8% in the forecast period of 2023-2028.
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Increasingly Sedentary Lifestyle of People to Fuel the Market Growth of Dong Quai
Region-wise, the Asia Pacific is a significant market for dong quai globally. This could be attributed to the large traditional market for the product in the region. Meanwhile, North America is predicted to emerge as a major market in the coming years as a result of the availability of a huge consumer base for natural food and beverage products throughout the region. Further, Europe is estimated to be a substantial market for dong quai over the forecast period due to the rising market for herbal tea across the region. Latin America and the Middle East and Africa are also predicted to exhibit a healthy growth rate in the forecast period. The product has a huge demand owing to the rising sedentary lifestyle as it helps meet daily nutritional needs and maintain proper functionality of the body.
Dong Quai: Market Segmentation
Dong quai is a famous traditional Chinese medicinal herb, which is extracted from the Angelica Sinensis plant. It is variously known as female ginseng in several regions owing to its traditional use to cure women of reproductive system related problems. The herb is extensively used to treat menopausal symptoms, high blood pressure, heart diseases, amenorrhea, and male and female reproductive system related problems.
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On the basis of nature, the market is divided into:
- Organic
- Conventional
Based on form, the industry can be segmented into:
- Powder
- Liquid
- Others
By applications, the industry is categorised into:
- Dietary Supplement
- Pharmaceutical
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Traditional Medicine to Aid the Market Growth of Dong Quai
The global market for dong quai is predicted to be driven by the growing demand for traditional medicine globally. Further, the Asia Pacific region is predicted to be a major market for the herb as it has a great demand for traditional purposes and natural remedial products. Further, dong quai has a great scope as it is being adopted by several economies across the globe as a medicinal and herbal tea. The rising demand for organic products from the food and beverage sector is predicted to boost the market growth of organic dong quai during the forecast period. However, the market is expected to be inhibited by the lack of scientific evidence associated with the use of dong quai in the developed economies as consumers are label conscious in these regions.
Key Industry Players in the Global Dong Quai Market
The report gives a detailed analysis of the following key players in the global dong quai market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Bio Botanica, Inc.
- Happy Herb Co.
- Carrubba Incorporated
- Xian Yuensun Biological Technology Co.,Ltd.
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Form, Application, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Form | Powder, Liquid, Others |
| Breakup by Application | Dietary Supplement, Pharmaceutical, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Bio Botanica, Inc., Happy Herb Co., Carrubba Incorporated, Xian Yuensun Biological Technology Co.,Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dong Quai Market Analysis
8.1 Key Industry Highlights
8.2 Global Dong Quai Historical Market (2018-2022)
8.3 Global Dong Quai Market Forecast (2023-2028)
8.4 Global Dong Quai Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Dong Quai Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Liquid
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Dong Quai Market by Application
8.6.1 Dietary Supplement
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Pharmaceutical
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Dong Quai Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Dong Quai Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Dong Quai Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Dong Quai Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Dong Quai Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Dong Quai Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Bio Botanica, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Happy Herb Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Carrubba Incorporated
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Xian Yuensun Biological Technology Co.,Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dong Quai Market: Key Industry Highlights, 2016 and 2026.
2. Global Dong Quai Historical Market: Breakup by Nature (USD Million), 2018-2022
3. Global Dong Quai Market Forecast: Breakup by Nature (USD Million), 2023-2028
4. Global Dong Quai Historical Market: Breakup by Form (USD Million), 2018-2022
5. Global Dong Quai Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Global Dong Quai Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Dong Quai Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Dong Quai Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Dong Quai Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Dong Quai Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Dong Quai Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Dong Quai Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Dong Quai Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Dong Quai Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Dong Quai Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Dong Quai Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Dong Quai Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Dong Quai Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Dong Quai Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Dong Quai Market Structure
Key Questions Answered in the Report
The global dong quai market is being aided by the growing Chinese traditional medicine market, which is projected to grow at a CAGR of 8.8% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, growing demand for traditional medicine, rising demand from the developing regions, and rising demand for organic products from the food and beverage sector, are expected to aid the market growth.
The key market trend guiding the growth of the industry includes the growing awareness regarding the health benefits of dong quai.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature segments in the market are organic and conventional.
The major forms of dong quai in the industry are powder and liquid, among others.
The significant application segments in the market are dietary supplement and pharmaceutical, among others.
The major players in the industry are Bio Botanica, Inc., Happy Herb Co., Carrubba Incorporated, and Xian Yuensun Biological Technology Co.,Ltd., among others.
Analyst Review
The global dong quai market is being driven by the rising demand for Chinese traditional medicine. Aided by the rising health consciousness, the Chinese traditional medicine market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 8.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on nature, the market is bifurcated into organic and conventional. On the basis of form, the industry is divided into powder and liquid, among others. By applications, the market is segmented into dietary supplement and pharmaceutical, among others. The major regional markets for dong quai are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bio Botanica, Inc., Happy Herb Co., Carrubba Incorporated, and Xian Yuensun Biological Technology Co.,Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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