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Global Salvia Miltiorrhiza Extract Market Size, Forecast: By Nature: Organic, Conventional; By Form: Liquid, Powder; By Application: Pharmaceuticals, Herbal Supplements, Cosmetics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Salvia Miltiorrhiza Extract Market Outlook
The global salvia miltiorrhiza extract market is being aided by the growth of the plant extract market. The global plant extract market is expected to grow at a CAGR of 12.6% in the forecast period of 2024-2032 to reach a value of USD 86.98 billion by 2032.
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The Asia Pacific to be One of the Leading Regional Markets for the Salvia Miltiorrhiza Extract Industry
The global market for salvia miltiorrhiza extract is being significantly supported by the growth of the industry within the Asia Pacific region. The market growth within the Asia Pacific region is being supported by the thriving consumer demand due to the increased use of the extract in traditional and herbal medicines and favourable geographic conditions for cultivation. The plant is indigenous to the countries within the region. Within the region, China represents one of the largest regional markets for the salvia miltiorrhiza extract industry. North America and Europe are also emerging as significant markets for the product, where the demand is rising due to the rising health awareness among consumers.
Salvia Miltiorrhiza Extract: Market Segmentation
Salvia miltiorrhizai is a popular Chinese herb, also recognised as danshen, red sage, and Chinese sage. The herb is native to China, growing on the hillsides and stream banks. Salvia miltiorrhiza extract is derived from the roots of the herb. The extract is used in the treatment of bronchitis, high cholesterol, and blood circulation disorders. Phenolic acids, terpenoids, ß-sitosterol, baicalin, ursolic acid, and daucosterol are the chemical compounds that are present in salvia miltiorhiza extract.
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On the basis of nature, the market can be divided into the following:
- Organic
- Conventional
Based on form, the market can be segmented as follows:
- Liquid
- Powder
Salvia miltiorrhiza extract finds wide applications in the following sectors:
- Pharmaceuticals
- Herbal Supplements
- Cosmetics
- Others
The regional markets for salvia miltiorrhiza extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Pharmaceuticals Sector Bolstering the Market Growth of Salvia Miltiorrhiza Extract
The growth of the market is being driven by the rising pharmaceutical sector across the globe. Over the past few years, the global demand for botanicals has been growing rapidly, with the botanical medicinal products market witnessing a rapid growth. Thus, the rising acceptance of botanical medicines is aiding the growth of the salvia miltiorrhiza extract industry. In addition, the demand for natural ingredients, combined with salvia miltiorrhiza extract's medicinal properties, has been propelling the growth of the market, especially in the developed nations. In the coming years, the rising R&D activities in the plant extract and herbal medicine sectors are projected to catalyse the market growth.
Key Industry Players in the Global Salvia Miltiorrhiza Extract Market
The report gives a detailed analysis of the following key players in the global salvia miltiorrhiza extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Xian Yuensun Biological Technology Co.,Ltd
- Organicway
- Wincobel Chemical Co.,Ltd.
- Hawaii Pharm LLC
- 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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 | Liquid, Powder |
| Breakup by Application | Pharmaceuticals, Herbal Supplements, Cosmetics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Xian Yuensun Biological Technology Co.,Ltd, Organicway, Wincobel Chemical Co.,Ltd., Hawaii Pharm LLC, 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 Salvia Miltiorrhiza Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Salvia Miltiorrhiza Extract Historical Market (2018-2023)
8.3 Global Salvia Miltiorrhiza Extract Market Forecast (2024-2032)
8.4 Global Salvia Miltiorrhiza Extract Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Salvia Miltiorrhiza Extract Market by Form
8.5.1 Liquid
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Powder
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Salvia Miltiorrhiza Extract Market by Application
8.6.1 Pharmaceuticals
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Herbal Supplements
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cosmetics
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Salvia Miltiorrhiza Extract Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Salvia Miltiorrhiza Extract Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Salvia Miltiorrhiza Extract Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Salvia Miltiorrhiza Extract Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Salvia Miltiorrhiza Extract Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Salvia Miltiorrhiza Extract Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Xian Yuensun Biological Technology Co.,Ltd
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Organicway
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Wincobel Chemical Co.,Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Hawaii Pharm LLC
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Materials
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Salvia Miltiorrhiza Extract Market: Key Industry Highlights, 2016 and 2026
2. Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Nature (USD Billion), 2018-2023
3. Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4. Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Salvia Miltiorrhiza Extract Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 12.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 86.98 billion by 2032.
The major market drivers include rising population, increasing demand from the pharmaceuticals sector, the growing awareness of the medical benefits of salvia miltiorrhiza extract, and rising research and development activities.
The thriving demand for organic and natural ingredients and growing demand from the pharmaceutical sector are important trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature types of salvia miltiorrhiza extract in the market are organic and conventional.
The major forms of salvia miltiorrhiza extract in the market are liquid and powder.
The significant applications in the market are pharmaceuticals, herbal supplements, and cosmetics, among others.
The key players in the global salvia miltiorrhiza extract market are Xian Yuensun Biological Technology Co., Ltd, Organicway, Wincobel Chemical Co.,Ltd., and Hawaii Pharm LLC, among others.
Analyst Review
The global salvia miltiorrhiza extract market is being driven by the growing demand from the pharmaceuticals sector and the rising plant extract market. Aided by the rising demand for organic and natural ingredients, the plant extract market is expected to witness a robust growth in the forecast period of 2024-2032, growing at a CAGR of 12.6%. The plant extract industry is projected to reach USD 86.98 billion by 2032.
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 liquid and powder. By application, the market is categorised into pharmaceuticals, herbal supplements, and cosmetics, among others. The major regional markets for salvia miltiorrhiza extract are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Xian Yuensun Biological Technology Co., Ltd, Organicway, Wincobel Chemical Co.,Ltd., and Hawaii Pharm LLC, 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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