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.
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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.
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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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