Radix Glycyrrhizae Market Definition
Radix glycyrrhizae, is one of the 50 fundamental herbs used in traditional Chinese medicine, where it has the name gancao. It is used in Chinese medicine to harmonize other herbs and to reduce the harsh effects of other herbs. It has been used for centuries in traditional medicine as a life enhancer, for the treatment of coughs and influenza, and for detoxification.
The market study is broken down by Type (Paste Extract, Powder Extract, Dried Extract and Syrup Extract), by Application (Pharmaceuticals, Food Industry, Tobacco and Others) and major geographies with country level splits.
The market is consolidated, with a few leading players. Key companies are indulging in various strategies to expand. Those include product launch, and mergers and acquisitions. The players are working hard to expand their reach and increase their consumer base all over the globe.
Mafco Worldwide (United States), Kisalaya Herbals Limited (India), MOUNTAIN ROSE HERBS (United States), Herbochem (India), bachari.gr (Greece) and Yongzhou Huamao Biotechnology Co. Ltd (China) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Radix Glycyrrhizae market by Type, Application and Region.
On the basis of geography, the market of Radix Glycyrrhizae 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 Use, the sub-segment i.e. Personal Use will boost the Radix Glycyrrhizae market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Popularity of Various Herbs Regarding its Medicinal Value
- Rise in Awareness Regarding the Side-Effects of Various Herbs
- Growing Health Benefits Offered By Herbal Extracts
- Identification of New Herbs and Spices in Accordance With Changing Consumer Preferences and Tastes
- Inadequate Supply of Raw Materials and Price Fluctuation
- Various Side Effects Associated With it
- Availability of Substitutes and Adulterated Products
Key Target AudienceRadix Glycyrrhizae Manufacturers, Radix Glycyrrhizae Distributors/Traders/Wholesalers, Radix Glycyrrhizae Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
About ApproachThe 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 total available market.
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