Dong Quai Market

Market Overview:

The global dong quai market size reached US$ 2,067.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,013.9 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032. The shifting consumer inclination toward traditional medicines and herbal remedies, growing health consciousness among the masses, and increasing product applications in the food and beverage (F&B) sector represent some of the key factors driving the market.

Dong quai, also known as Angelica sinensis, refers to a fragrant plant with a cluster of small white flowers, belonging to the same botanical family as carrots and celery. It is commonly used as an herb in traditional Chinese medicine to treat migraine, menstrual cramps, and menopausal symptoms, such as hot flashes. It is believed to help improve blood health, boost or activate blood circulation, treat blood deficiency, regulate the immune system, relieve pain, and relax bowels. It possesses anti-asthmatic, antispasmodic, anti-inflammatory, and anticoagulant properties. It is generally utilized in combination with other plant extracts as an analgesic for rheumatism, an allergy suppressant, and in the treatment of menstrual disorders. As a result, dong quai finds extensive applications as a therapeutic remedy and herbal medicine for treating menopausal symptoms, high blood pressure, heart diseases, amenorrhea, and male and female reproductive system-related problems.

Dong Quai Market Trends:

The escalating demand for traditional medicines and natural remedial products among the masses represents one of the key factors driving the market growth. Additionally, there is a rise in the use of dong quai to flavor liqueurs and confectionery products in the food and beverage (F&B) industry. In line with this, the increasing applications of dong quai as a medicinal and herbal tea have augmented the product demand. Besides this, the surging awareness about the potential health benefits of consuming dong quai is acting as another major growth-inducing factor. Furthermore, the emerging trend of adopting a holistic approach toward health among individuals has led to a significant increase in the demand for natural therapies, such as herbal supplements, to treat numerous disorders. Along with this, the growing popularity of dong quai as an effective premenstrual syndrome (PMS) supplement has accelerated product adoption rates. Moreover, elevating sales of natural and herbal dietary supplements to fulfill daily nutritional requirements and maintain proper functions of the body owing to sedentary lifestyles of individuals has catalyzed the market growth. Other factors, including the rising consumer preferences for organic products, growing health consciousness, increasing prevalence of reproductive health issues among men and women, and ongoing research and development (R&D) activities, are also anticipated to create a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global dong quai market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on form, nature, and application.

Form Insights:

• Powder
• Liquid
• Others
   

The report has provided a detailed breakup and analysis of the dong quai market based on the form. This includes powder, liquid, and others.

Nature Insights:

• Organic
• Conventional
   

A detailed breakup and analysis of the dong quai market based on the nature has also been provided in the report. This includes organic and conventional. According to the report, organic accounted for the largest market share.

Application Insights:

• Dietary Supplement
• Pharmaceutical
• Others
   

The report has provided a detailed breakup and analysis of the dong quai market based on the application. This includes dietary supplement, pharmaceutical, and others. According to the report, dietary supplement represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for dong quai. Some of the factors driving the Asia Pacific dong quai market included the shifting consumer inclination toward traditional medicines and natural remedies, escalating demand for organic products and herbal dietary supplements, rising trend of adopting a holistic approach toward health, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global dong quai market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Bio-Botanica Inc., Happy Herb Co., MeiHerb Biotech Co. Ltd., Monterey Bay Herb Company, Xian Yuensun Biological Technology Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Dong Quai Market Report Scope:

Key Questions Answered in This Report:

• How has the global dong quai market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global dong quai market?
• What is the impact of each driver, restraint, and opportunity on the global dong quai market?
• What are the key regional markets?
• Which countries represent the most attractive dong quai market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the dong quai market?
• What is the breakup of the market based on the nature?
• Which is the most attractive nature in the dong quai market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the dong quai market?
• What is the competitive structure of the global dong quai market?
• Who are the key players/companies in the global dong quai market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the dong quai market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global dong quai market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the dong quai industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.