Astragalus Root Extract Market Scope
Astragalus root extract is derived from the root of the astragalus plant, which is native to China and other parts of Asia. It is commonly used in traditional Chinese medicine to boost the immune system, improve heart health, and increase energy levels. Some studies have shown the potential health benefits of astragalus extract, but more research is needed to confirm its efficacy and safety. Chinese Medicine considers the astragalus herb to be one of the most important herbal tonics and as such it is valued for its ability to strengthen the primary energy of the body which we know as the immune system, as well as the metabolic, respiratory, and eliminative functions. It is important to note that astragalus should not be used as a substitute for proven medical treatments and that it can interact with certain medications, so it is always best to consult with a doctor before taking it.
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|Key Companies Profiled||Nutra Green Biotechnology Co.,Ltd. (China), Martin Bauer Group (Germany), Naturex (France), Xtend-Life (New Zealand), Duas Rodas Institucional (Brazil), Xi'An Sanwei Biotechnology Co.,Ltd (China), Niagro Nichirei do Brasil Agrícola Ltda (Brazil), Nutraceuticals Group Europe Ltd. (United Kingdom), Mountain Rose Herbs (United States) and Diana Group (France)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering services and superior quality products to cater to the ever-growing demand for Astragalus root extract. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with Companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Astragalus Root Extract market throughout the predicted period.
Nutra Green Biotechnology Co.,Ltd. (China), Martin Bauer Group (Germany), Naturex (France), Xtend-Life (New Zealand), Duas Rodas Institucional (Brazil), Xi'An Sanwei Biotechnology Co.,Ltd (China), Niagro Nichirei do Brasil Agrícola Ltda (Brazil), Nutraceuticals Group Europe Ltd. (United Kingdom), Mountain Rose Herbs (United States) and Diana Group (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Health Genesis (United States), Z Natural Foods (United States), Xi'an Lyphar Biotech (China), NutriBotanica (Brazil), Wuhan Vanz Pharm (China), Vita Forte Inc. (United States), Shaanxi Guanjie Technology (China), VidyaHerbs (India), Xi'an Sost Biotech (China), PLANTEX (France), Apex Biotechnol (India) and Organic Basic Food (United States).
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.
The study have segmented the market of Global Astragalus Root Extract market by Type , by Application (Food & beverages, Healthcare, Medicine, Cosmetics and Others) and Region with country level break-up.
On the basis of geography, the market of Astragalus Root Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 2021.
Market Leaders and their expansionary development strategiesIn January 2021, growth capital firm Mérieux Développement SAS acquired life science company Plantex SAS. Mérieux Développement SAS is a venture and growth capital investment firm associated with family holding company Institut Mérieux. The Firm focuses on the health and nutrition sectors and will consider opportunities throughout North America and Europe
In November 2019, Martine bauere group and BMZ boost ecological agriculture in Africa. Martin Bauer Group is a pioneer in sustainable cultivation and wild harvesting. The Martin Bauer Group offers botanical products, powders, extracts, and flavorings for teas, beverages, food, and animal nutrition.
Influencing Trend:Growing demand for Organic & Personal Care products
Market Growth Drivers:Growing consumer awareness has prompted many suppliers of ingredients for cosmetic and personal care products
Challenges:Lack of regulation in the Astragalus Root Extract market
Restraints:Higher probability of placing labels incorrectly
Opportunities:Innovative advertisement and packaging
Key Target AudienceAstragalus Root Extract Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others