The new report by Expert Market Research titled, ‘Global Dong Quai Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global dong quai market, assessing the market based on its segments like nature, forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 9% (Chinese Traditional Medicine Market)
The dong quai market is expected to be powered by the rising demand globally for traditional medicine. Herbal supplements are also growing with an increase in sedentary lifestyles, with more and more individuals sifting through supplement diets to solve every day nutrient requirements and preserve proper body functionality. As the medicinal and herbal tea segment is growing worldwide, dong quai tea is also expected to grow rapidly across regions. The demand for organic dong quai is expected to be fuelled by the anticipated increase in demand for organic products across the food and beverage market.
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Industry Definition and Major Segments
Dong quai is a well-known traditional Chinese medicinal herb derived from the Angelica Sinensis herb. Due to its common usage to cure women of reproductive system related issues, it is variously referred to as female ginseng in many regions. The herb is commonly used to relieve symptoms of menopause, high blood pressure, heart disease, amenorrhea, and complications associated with the male and female reproductive systems.
By nature, the market is bifurcated into:
The industry is divided on the basis of form into:
Based on applications, the market is classified into:
• Dietary Supplement
The regional markets for dong quai include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The Asia Pacific region is expected to be a major market for herbs as traditional uses and natural remedial products are in great demand in the region, which is bolstering the market growth of dong quai in the region. In addition, dong quai has a wide reach as it is being embraced as a medicinal and herbal tea by many economies around the world. The growing demand in the food and beverage sector for organic products is expected to significantly drive the demand for organic dong quai during the forecast period.
Key Market Players
The major players in the market are Bio Botanica, Inc, Happy Herb Co, Carrubba Incorporated, Xian Yuensun Biological Technology Co. Ltd, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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