Angelica Extract Market Scope
Angelica is a root that is also known as wild celery, dang GUI, and wild parsnip. It's a fragrant herb native to Korea, Japan, and China. Angelica has an antibacterial effect that inhibits the growth of a variety of germs, making it a viable medical treatment. Angelica has traditionally been used to support the lungs, kidneys, liver, and heart. Herbal medicine is made from the seed, fruit, and root of the angelica plant. Angelica extract is used as a blood circulation tonic. It is also regarded as an all-purpose woman's tonic plant. Angelica extract is commonly utilized in medications and functional foods.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mighty International Company, Ltd. (Thailand), Tropical Herbal Products Company, Ltd. (Nugegoda), Thiptipa co., ltd (United States), Zingo Enterprise Co., Ltd. (Tehran), Bio-Botanica, Inc. (United States), Greaf (United States), Mountain Rose Inc. (United States), Changsha Luyuan Bio-Tech Co (China), DENK Ingredients GmbH (Germany) and Dingxi Fengyuan Import and Export Co. Ltd.(China) |
CAGR | % |
The global market for Angelica Extract is competitive, with a large number of global and regional companies. Thiptipa co., ltd (United States), Zingo Enterprise Co., Ltd. (Tehran), and Bio-Botanica, Inc. Furthermore, market participants are investing in R&D to develop products with improved benefits, which is propelling the Angelica Extract market forward.
Mighty International Company, Ltd. (Thailand), Tropical Herbal Products Company, Ltd. (Nugegoda), Thiptipa co., ltd (United States), Zingo Enterprise Co., Ltd. (Tehran), Bio-Botanica, Inc. (United States), Greaf (United States), Mountain Rose Inc. (United States), Changsha Luyuan Bio-Tech Co (China), DENK Ingredients GmbH (Germany) and Dingxi Fengyuan Import and Export Co. Ltd.(China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sino-Nature International Co. Ltd. (United States) and Lvyin Biotech Co. Ltd.(China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Angelica Extract market by Type , by Application (Food and beverages, Cosmetics and Pharmaceuticals) and Region with country level break-up.
On the basis of geography, the market of Angelica Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In Sept 2020, Symrise introduced SymControl Scalp, a solution that regulates sebum production on the scalp and enhances hair health. Tetraselmis Suecica extract has been chosen as a highly efficient way to reduce sebum levels to address the issue of sebum overproduction from its source. The algae can help protect the scalp and hair from environmental stress when combined with the naturally occurring Mannitol.
In Oct 2020, In Changzhou, China, Givaudan unveiled its newest state-of-the-art fragrance production facility. China remains a significant growth market for creative and consumer-preferred fragranced products, according to the company's newly announced 2025 strategy, Committed to Growth, with Purpose.
Influencing Trend:
Changing Buying Behaviour of the Consumers
Market Growth Drivers:
Rising awareness among consumers regarding the benefits of the angelica plant, Increasing investment in Angelica Extract industry by checking its properties and The rise in Health Benefits of the Ayurveda Angelica Extract Based Products
Challenges:
Availability of Substitutes in Cheaper Rates
Restraints:
A high dose of angelica extract increase sugar in urine and that causes the diabetic disease and High cost of Angelica Extract product
Opportunities:
Increasing demand for herbal solution creates an opportunity for manufactures and Identification of herbs and spices in response to changing customer tastes
Key Target Audience
Angelica Extract Market based Manufactures, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and Angelica Extract Market-based Suppliers