Peony Root Bark Extract Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Market Segmentation:

Peony root bark extract is segment on the basis of application, form and region. On the basis of application market is segmented into cosmetics, food, and pharmaceuticals. Among all these segment application in cosmetics is expected to grow enormously in the coming future, ongoing research on peony root bark extract will also widen the prospect of growth in pharmaceutical industry. Factors such as on the go life style clubbed with the growing popularity of dietary supplements is expected to contribute significantly to the prominence of peony root bark extract market. The growing demand of peony root bark extract is also impacted by the increasing trend where companies are focused upon reformulation of the ingredient’s content in food to ascertain its health benefits. On the basis of form the market is segmented powder form and liquid (oil) form. Peony root bark extract has special properties which provide various health benefits such as anti-cancer properties, antioxidant properties and has the ability to control livercirrhosis and upset stomach.

Market Regional Outlook: 

Regional segment for the market of peony root bark extract is divided into seven different regions: North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA. Among these segment Asia is expected to hold relatively higher share, as it is the largest producer and consumer of peony root bark extract. In Asia Pacific region the countries like China and Japan are generating the major revenue. Strong demand from the U.S for peony root bark extracts is expected to play a vital role in increasing the revenue share of the region. In terms of revenue Japan is expected to be the second prominent contributor in the peony root bark extract market. North America is projected to expand at relatively higher CAGR owing to the increasing obesity rates and growing health awareness among consumers. Companies in the peony root bark extract market focus upon leveraging the opportunities posed by emerging economies like India and China to strengthen their geographical presence and expand their revenue base. 

Market Drivers:

The rise in demand for anti-ageing cream is expected to drive the growth of global peony root bark extract market. Peony root bark extract is not only a rich source of flavonoid but it also exhibits some special properties such as anti-bacterial property, anti-oxidant property and also reduces the hardening of the arteries. It also helps to cure disorders of the central nervous system, cure muscle cramps and cure whooping cough and neuralgia. These versatile properties of peony root bark extract is attracting the pharmaceutical segment to a significant extent and is anticipated to drive the peony root bark extract market to a greater extent 

Market Key Players: 

Some of the key players in peony root bark extract market are Nutra Green Biotechnology Co.,Ltd., Shaanxi NHK Technology Co., Ltd, Shanghai Herbary Biotechnology Co. Ltd., Shandong Yuhua Biotechnology Co., Ltd., CNLAB NUTRITION, Shaanxi Jintai Biological Engineering Co.,Ltd, Neo-Green Pharmaceutical Co., Ltd and Xi'an sgonekbio logical Technology Co., Ltd. among others. 

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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