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Global Salvia Miltiorrhiza Extract Market: By Nature: Organic, Conventional; By Form: Liquid, Powder; By Application: Pharmaceuticals, Herbal Supplements, Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

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 2021-2026 to reach a value of USD 68.6 billion by 2026.

 

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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Salvia Miltiorrhiza Extract Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Salvia Miltiorrhiza Extract Historical Market (2016-2020) 
    8.3    Global Salvia Miltiorrhiza Extract Market Forecast (2021-2026)
    8.4    Global Salvia Miltiorrhiza Extract Market by Nature
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Salvia Miltiorrhiza Extract Market by Form
        8.5.1    Liquid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Powder
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Salvia Miltiorrhiza Extract Market by Application
        8.6.1    Pharmaceuticals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Herbal Supplements
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Cosmetics
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Salvia Miltiorrhiza Extract Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Xian Yuensun Biological Technology Co.,Ltd
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Organicway
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Wincobel Chemical Co.,Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Hawaii Pharm LLC
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments

 

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 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), 2016-2020
3.    Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Nature (USD Billion), 2021-2026
4.    Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Form (USD Billion), 2016-2020
5.    Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Form (USD Billion), 2021-2026
6.    Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Salvia Miltiorrhiza Extract Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Salvia Miltiorrhiza Extract Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Salvia Miltiorrhiza Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Salvia Miltiorrhiza Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    North America Historical Price Trends and Forecast 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Salvia Miltiorrhiza Extract Market Structure

Key Questions Answered in the Report

The global salvia miltiorrhiza extract market is being driven by the plant extract market, which is projected to grow at a CAGR of 12.6% 2021 and 2026.

The plant extract market is estimated to reach about USD 68.6 billion by 2026 and is expected to further aid the growth of the salvia miltiorrhiza extract industry.

The major market drivers include rising population, rising demand from the pharmaceuticals sector, the growing awareness of the medical benefits of the product, and rising R&D activities.

The thriving demand for organic and natural ingredients is an important industry trend informing the growth of the industry.

The major regions in the industry 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 industry are liquid and powder.

The significant application segments in the market are pharmaceuticals, herbal supplements, and cosmetics, among others.

The major players in the industry 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 2021-2026, growing at a CAGR of 12.6%. The plant extract industry is projected to reach USD 68.6 billion by 2026.

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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