Petasites
Japonicus is an herbaceous perennial plant which is also known as
Japanese sweet coltsfoot and Japanese butterbur. Petasites Japonicus
belongs to asteraceae family, primarily found in Japan, China, Korea
and Europe. Petasites Japonicus was introduced to Western Europe by
Japanese immigrants. The stalk of petasites japonicus is known as
“fuki”, which is a rich source of potassium, manganese, copper,
calcium, and vitamin. Now a day’s petasites japonicus extract has
be used for the prevention of migraine and the treatment of allergic
rhinitis. Petasites japonicus extract has anti- inflammable
properties which instantly reduces inflammation caused by arthritis
or immune response.
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Market
Segmentation:
Petasites
Japonicus extract market is segmented on the basis of type, end-user,
application, and region. On the basis of type the market is segmented
into petasites japonicus leaf extract and petasites japonicus root
extract. The demand for petasites japonicus extract is increasing as
it offers many anti-oxidant properties as well as is a rich source of
flavonoid. On the basis of end-user the market is segmented into
industrial and retail. The retail segment is further sub-segmented
into supermarkets/hypermarkets, convenience stores and online stores.
It is expected that online store will hold a relatively higher share
in the petasites japonicus extract market compared to other
distribution channels. On the basis of application the petasites
japonicus extract market is segmented into cosmetic industry, and
pharmaceutical industry. Pharmaceutical industry is expected to hold
the major market share in the forecast period.
Market
Regional Outlook:
Regional
segment for the market of petasites japonicus extract is divided into
five different regions: North America, APAC, Europe, Latin America
and MEA. Among these regions Asia Pacific is expected to be the major
contributor of petasites japonicus extract market globally and is
expected to dominant the market in the forecaster period. In Asia
Pacific region countries such as China and Japan holds the key market
for petasites japonicus extract. In Europe region countries such as
Italy and Spain holds the key market for petasites japonicus extract.
In terms of revenue Europe is expected to be the second leading
contributor of the petasites japonicus extract market in the forecast
period.
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Market
Drivers:
Petasites
Japonicus extract has been popular from ancient times and increasing
awareness among the consumers about the health benefits associated
with petasites japonicus extract is expected to drive the market in
the near future. Petasites japonicus extract offers various health
benefits such as it enables to reduce pain and swelling
(inflammation), helps in the treatment of wounds, enables to reduce
common cold, as petasites is an antihistamine element, therefore it
helps to prevent allergic reactions, helps to reduce headaches and
reduce fever and also helps to control the blood sugar level of the
body which is expected to bolster the growth of the petasites
japonicus extract market. The demand for anti-aging cream is further
expected to boost the petasites japonicus as antioxidants present in
the root extract helps in preventing free radical damage of the body.
Petasites japonicus extract is also known to cure dehydration,
potassium and magnesium deficiency along with calcium deficiency in
pregnant women. Furthermore, it contains flavonoid which keeps the
level of bad cholesterol low, these factors are also expected to
drive the Petasites Japonicus extract market during the forecast
period.
Market
Key Players:
Some
of the key players in petasites japonicus market are Swanson,
Planetary Herbals, Solaray, Life Extension, Vitacost, Hawaii Pharm
LLC, Piping Rock Health Products, Linpharma, Inc and Source Naturals
among others.
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