About Rhodiola Root
Rhodiola root is also known as golden root, western roseroot, Aaron's rod, rose root, Arctic root, king's crown, lignum rhodium, or orpin rose. It is a perennial flowering plant in the family Crassulaceae. The rhodiola root is widely used for medical use as it helps in reducing the depression, stirring the nervous system, and increase physical endurance. Rhodiola root helps to increase stamina, concentration, and mental well-being. The uses of Rhodiola in mild to moderate depression and generalized anxiety has increased and this is expected to drive their demand in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.9% |
In Rhodiola Root Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Rhodiola Root market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NutraChamps Inc. (Canada), Organic Herb Inc. (China), Amax NutraSource (United States), Xian Yuensun Biological Technology Co.,Ltd. (China), PLT Health Solutions, Inc. (United States), Xi’an Greena Biotech Co.,Ltd. (China), Swanson Health Products (United States), Planetary Herbals (United States), Gaia Herbs, LLC (United States) and Nutracraft (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Rhodiola Root market by , Application (Altitude Sickness, Bladder Cancer, Depression, Fatigue and Other Applications) and Region.
On the basis of geography, the market of Rhodiola Root 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). If we see Market by End User , the sub-segment i.e. Dietary Supplements will boost the Rhodiola Root market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature , the sub-segment i.e. Organic will boost the Rhodiola Root market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage Form , the sub-segment i.e. Liquid will boost the Rhodiola Root market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Rhodiola Root in Asian Countries
Market Growth Drivers:
Increasing Use for Medical Purpose and Growing Use as Dietary Supplement
Restraints:
May Led to Side Effects Such as Allergy, Irritability, And Insomnia
Opportunities:
Improving Athletic Performance and Increasing Use in Folk Medicine as Ethanolic Macerates
Market Leaders and their expansionary development strategies
In April 2023, PLT Health Solutions, Inc announced that it has begun offering CITES-compliant Rhodiolife Rhodiola rosea in North America. This new development will assure its Rhodiola customers a secure supply of a premium, highly sustainable product that meets all regulatory requirements.
In March 2024, Gnosis by Lesaffre has announced the launch of a natural energy solution called Landkind Pure Salidroside. Salidroside is the most studied bioactive in Rhodiola rosea or Rhodiola crenulate, with over 680 scientific papers on Pubmed, explains the company in a press release. The company’s Pure Salidroside is isolated using its proprietary fermentation process.
Key Target Audience
Rhodiola Root Manufacturers, Traders, Importers, and Exporters, Raw Material Suppliers and Distributors, Research and Consulting Firms, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.