According to the research of Future Market Insights, over the projected period, the Astragalus Root Extract Market is expected to expand at a CAGR of 3.90%. The industry’s estimated value will increase from US$ 358.2 Million in 2023 to US$ 525.1 Million in 2033.
The astragalus root extract market refers to the industry that produces and sells supplements, extracts, and other products derived from the astragalus root, which is a plant native to China and used in traditional Chinese medicine for its various health benefits.
The market for astragalus root extract has been growing in recent years, driven by increasing consumer interest in natural and herbal remedies, as well as by scientific research that has identified potential health benefits of astragalus root. Some of the reported benefits of astragalus root extract include immune system support, anti-inflammatory properties, and potential anti-cancer effects.
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The harvest plants are traditionally harvested after four or five years, and the roots are collected desiring the springs or falls. The roots are high in medicinal functions are dried first and then sliced and distributed. The dried roots are yellow in color and have a sweet, moistening taste along with the fibrous texture.
The root of the astragalus plant is used in soups, teas, extracts, or capsules. The astragalus roots consist of a series of cyclobutane triterpene glycoside denoted astragalosides.
Global Astragalus Root Extract Market: Drivers and Restraints
The major driving force for growth in the astragalus root extract is the very important vital energy. The root extract is also used to treat the immune deficiency and fatigue for healing the wounds, and improve the digestion and reduce endema caused by cardiac weakness.
Further, manufacturers are coming up with astragalus root extract products with claim free products such as vegan, gluten free, chemical free, and non-gmo. A recent study and research indicate that Astralagus may offer antioxidant support with a variety of ailments.
The growing stress and the busy life schedule of the consumers are also one of the major factors for growth in astragalus root extract products. The adaptogenic herb helps in reducing stress and also the aging factors in individuals.
Another major driver, in the astragalus root extract market, is its popularity amongst the athletes. Astralagus has three potent constituents making it one of the leading super herbs. It contains saponins, flavonoids, and polysaccharides.
Astragalus are usually taken in combination with other herbal supplements. Astralagus, when used appropriately, are safe and do not have much side effects. However, the high doses of astragalus roots can suppress the immune system. Therefore, astragalus should be avoided while taking immune-suppressing drugs.
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Global Astragalus Root Extract Market: Segmentation Overview
The astragalus root extract market is segmented into product form, nature, and applications. The astragalus root extract market is sub segmented into an application, and these includes food and beverages, pharmaceuticals, and personal care products.
Amongst all these applications, the pharmaceutical sector dominated and is expected to maintain its dominance during the forecast period. The astragalus root extract tonic is premium product and is trending amongst the athletes who are looking out for more energy and vitality.
Global Astragalus Root Extract Market: Regional Outlook
Depending on geographic regions global Astragalus Root Extract market is segmented into seven broad regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan and Middle East Africa. APEJ region dominated the market and is expected to maintain its dominance during the forecast period.
lobal Astragalus Root Extract Market: Prominent vendors
Some of the prominent players identified across the value chain of the global astragalus root extract market are Nutragreen Biotechnology Co., Ltd, Xi’An Sanwei Biotechnology Co., Ltd, Mountain Rose Herbs, and Z Natural Foods, LLC, amongst others.
Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market. To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.
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Astragalus root extract market segmentation
By Nature:
- Conventional
- Organic
- By product form:
- Powder
- Whole root
- Liquid
BY Application:
- Food and Beverage
- Personal care
- Pharmaceuticals
By distribution channel:
- Online
- Offline
By region:
- north America
- Latin America
- Asia pacific
- eastern Europe
- western Europe
- Japan
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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