The
notoginseng extract is obtained from Parax notoginseng plant. The
notoginseng extract is mainly used in pharmaceutical products. the
pharmaceutical application for the notoginseng extract are the
reduction of bleeding time, increase blood circulation, cardiac
health wellness, removal of the blood clot, and other blood-related
diseases can be treated by it. Notoginseng extract is obtained by
ethanol extraction of the Parax Notoginseng plant roots. Notoginseng
saponins are used as a bioactive compound in a lot of biochemical
reactions.
The
active ingredients of the notoginseng extract are ginsenoside Rb1,
Rg1, Rd, Re, and Rb2. All of this carries a different functionality
as a pharmaceutical. This makes notoginseng extract a demanded source
is pharmaceutical industry.
Notoginseng
Extract Market: Segments:
The
notoginseng
extract market can be segmented on the basis of form, type,
origin and end user.
On
the basis of the form of the notoginseng extract, the market is
segmented into tablets, oil, concentrated liquid, powder, and paste.
Powders, tablet, and concentrated liquid are used for direct
consumption by the user. The oil and paste are used for external
application by the user.
Based
on the type, the notoginseng extract market can be segmented into
organic and natural. The organic notoginseng extract is produced with
notoginseng roots grown under the strict organic condition and no
additives or preservatives are added during the processing of the
extract. The natural notoginseng extracts are produced by the natural
process and no additives and preservative are added during the
production.
On
the basis of origin, the notoginseng market can be segmented into
Asian notoginseng and American notoginseng. The American notoginseng
are found mostly in the Canadian forests and the Asian notoginseng is
found in the China and Korea.
Based
on the end user the notoginseng extract market is segmented into
pharmaceutical market and personal care. The pharmaceutical
industries use the notoginseng extract to manufacture blood-related
drugs. In personal care industry, skin care products are manufactured
with notoginseng extracts.
Notoginseng
Extract Market: Region-wise Outlook:
North
America is the largest exporter of the notoginseng extract in the
global market followed by China and Korea. The market has a global
approach as all the regions are showing a growth in the alternative
and natural medicinal product market. A high growth is anticipated in
the coming years from the pharmaceutical market.
Notoginseng
Extract Market: Drivers and Restraints:
The
drivers for notoginseng extract are its product placing which is
alternative medicine. Also being isolated from the natural source it
makes the notoginseng extract very premium nutraceuticals used for
cardiovascular and blood medicines. Pharmaceutical is already a
multi-billion dollar market and is projected to reach a trillion by
next 10 years. This will drive the notoginseng extract market with a
healthy demand.
The
restrain that is present in the recent market scenario is regulatory
bodies of different countries which have a strong stand against
alternative medicine market.
Notoginseng
Extract Market: Key Players:
The
key global players for the notoginseng extract market are Ningbo
Liwah Pharmaceutical Co., Ltd. Santa Cruz Biotechnology, Inc,
Carbosynth Limited, Sigma-Aldrich Co. LLC, Wuhan ChemFaces
Biochemical Co., Ltd, Shaanxi Huayu Bio-Tech Co., Ltd, Baoji Herbest
Bio-Tech Co., Ltd, Huzhou zhanshu bio technology co.,Ltd, FortopChem
Technology Limited.
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