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Salvia miltiorrhizai is a traditional Chinese prennial herb, which is also known by the name danshen, red sage and Chinese sage herb. Salvia miltiorrhizai is indigenous in China and grows on the hillsides and steam banks. Salvia miltiorrhiza ectract are mostly derived from the root of the herbs. Salvia miltiorrhizai has been used for a long time in the treatment of cerebrovascular and cardiovascular diseases.
Furthermore, salvia miltiorrhiza extract is also used for the treatment of bronchitis, high cholesterol and blood circulation problems. The chemical compounds in salvia miltiorrhiza extract are phenolic acids, terpenoids, β-sitosterol, baicalin, ursolic acid and daucosterol.
Chinese traditional medicine is being recognized as a quintessential complementary, alternative medicine, which in result has increased the traction of Chinese herbal product market globally. Products based on the herbal extract are gaining momentum in the market, as the consumer are embracing the shift from conventional products towards the herbal products.
Over the past few years, there is a rapid increase in the global demand of botanicals derived from traditional medicine and according to WHO the world market for medicinal botanical was over US$ 60 Bn in 2014. Furthermore, rise in the demand for natural ingredients coupled with medicinal properties of salvia miltiorrhiza extract has attracted significant attention in the developed market.
All these factors are expected to drive the global salvia miltiorrhiza extract market over the forecast period. However, insufficient clinical studies on the medicinal properties and side effects such as herb drug interactions, dizziness, itchiness and others are expected to restrain the growth of global salvia miltiorrhiza extract market over the forecast period.
APEJ is expected to represent major market value share over the forecast period followed by Japan, owing high consumer demand as it is used traditionally from ancient times, in herbal medicines and favorable geographical condition for farming as it is indigenous to these regions.
In APEJ, China is expected to represent major market value share in the near future. North America and Europe are expected to represent a substantial growth over the forecast period owing to increase in health awareness and increasing trend of herbal products.
The key players in salvia miltiorrhiza market are Xian Yuensun Biological Technology Co.,Ltd, Qingdao Dacon Trading Co., Ltd , Hawaii Pharm LLC, Harmonic Arts Botanical Dispensary, Ron Teeguarden Enterprises, Inc., Changsha Organic Herb, Inc ,and others.
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.
