About Radix Glycyrrhizae
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.
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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. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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.
AMA Research has segmented the market of Global Radix Glycyrrhizae market by Type (Paste Extract, Powder Extract, Dried Extract and Syrup Extract), Application (Pharmaceuticals, Food Industry, Tobacco and Others) 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
Market Growth Drivers:
Rise in Awareness Regarding the Side-Effects of Various Herbs and Growing Health Benefits Offered By Herbal Extracts
Availability of Substitutes and Adulterated Products
Inadequate Supply of Raw Materials and Price Fluctuation and Various Side Effects Associated With it
Identification of New Herbs and Spices in Accordance With Changing Consumer Preferences and Tastes
Key Target AudienceRadix Glycyrrhizae Manufacturers, Radix Glycyrrhizae Distributors/Traders/Wholesalers, Radix Glycyrrhizae Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
About ApproachTo 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.