Market Overview:
Salvia Miltiorrhiza (Danshen) ExtractsMarket Size Was Valued at USD 45.2 Billion in 2022 and is Projected to Reach USD 105.6 Billion by 2030, Growing at a CAGR of 11.2% From 2023-2030.
Salvia miltiorrhiza, referred to as Danshen in Chinese, is a traditional Chinese medicinal herb. Radix et rhizoma Salviae miltiorrhizae (Danshen, from Salvia miltiorrhiza Bunge, Lamiaceae) has been utilized commonly as a traditional Chinese medicine in many Asian economies such as China, Japan, and Korea. Danshen is the dried root of S. miltiorrhiza (Labiatae) and is one of the most flexible Chinese herbal drugs, sometimes described as Chinese sage or red sage root. Additionally, based on traditional Chinese medicine theory, Danshen has the properties of eliminating blood stasis encouraging blood circulation, clearing menstruation, and mitigating pain and swelling.
Top Key Players Covered in The Salvia Miltiorrhiza (Danshen) ExtractsMarket:
- Kangdu Pharmaceutical Co. Ltd. (China)
- Xi'an Gaoyuan Bio-Chem Co. Ltd. (China)
- Xian Yuensun Biological Technology (China)
- Qingdao Dacon Trading (China)
- Ron Teeguarden Enterprises (USA)
- Changsha Organic Herb (China)
- Hawaii Pharm LLC (USA)
- Organicway (China)
- Wincobel Chemical Co. Ltd. (China), and Other Major Players
Market Dynamics and Factors:
The driving factors of the Salvia Salvia Miltiorrhiza (Danshen) ExtractsMarket include increasing consumer awareness about natural remedies and traditional medicine, as Danshen has been used for centuries in traditional Chinese medicine for various health benefits. Additionally, growing research and development activities aimed at exploring the therapeutic properties of Danshen further propel market growth. The rising prevalence of cardiovascular diseases and related risk factors also contributes to the demand for Danshen extracts, given its potential cardiovascular health benefits. Opportunities in the market lie in expanding applications of Danshen extracts beyond traditional medicine, such as in the pharmaceutical and nutraceutical industries. Moreover, the emergence of novel extraction techniques and formulations enhances the market's growth potential by improving product quality and efficacy. However, restraints may include challenges related to standardization of Danshen extracts, ensuring product safety and efficacy, and regulatory hurdles in different regions. Furthermore, limited awareness about Danshen outside of traditional medicine circles and competition from alternative herbal supplements could pose challenges to market expansion.
The Salvia Miltiorrhiza (Danshen) ExtractsMarket Report Highlight:
- By nature, Salvia Salvia Miltiorrhiza (Danshen) Extractsare classified into organic and conventional. The organic Salvia Salvia Miltiorrhiza (Danshen) Extractsis expected to draw significant attention among health-conscious consumer in emerged markets and salvia miltiorrhiza (Danshen) was especially rich in salvianolic acid and may, hence be considered as a natural source of these commercially important antioxidants subsequently play as a turning factor for the Salvia Salvia Miltiorrhiza (Danshen) Extractsmarket growth globally.
- By form, Salvia Salvia Miltiorrhiza (Danshen) Extractsmarket is classified into liquid extract and powder extract. The powder extract segment is anticipated to expand with a steady increase in market demand attributed to its diversity in utilization.
- By Region, The Salvia Salvia Miltiorrhiza (Danshen) Extractsmarket growth within the Asia Pacific region is being encouraged by the flourishing consumer demand owing to the increased applications of the extract in traditional and herbal medicines and favorable geographic conditions for cultivation and its traditional utilization for medicinal purposes. The plant is indigenous to the countries within the region. In the Asia Pacific region, China represents one of the highest regional markets for the Salvia Miltiorrhiza (Danshen) extract industry.
Key Industry Development:
- In December 2023: A US-based dietary supplement company, NutraScience Labs, launched a new line of Danshen extract products targeting the growing demand for natural health supplements. This launch indicates increasing consumer interest in Danshen for its potential health benefits.
- In May 2023: A Chinese herbal medicine company, Tasly Pharmaceutical Group, announced a $50 million investment in a new facility dedicated to the production of high-quality Danshen extracts. This investment signals growing confidence in the future potential of the Danshen extract market.
The Salvia Miltiorrhiza (Danshen) ExtractsMarket Segmentation:
By Type
- Organic
- Conventional
By Deployment Model
- Liquid
- Powder
By Application
- Pharmaceuticals
- Dietary Supplements
- Cosmetics
For this report, Introspective Market Research has segmented the Salvia Miltiorrhiza (Danshen) ExtractsMarket Bin Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
