Angelica Root Extract Market

Market Overview

The Global Angelica Root Extract Market Size will significantly grow at a CAGR of approximately 6.1% by forecast period.

The growth of the global market for angelica extract is being driven by increased demand for the extract in functional foods and rising consumer knowledge of the benefits of the angelica plant. Due to its expanded use in improving taste and offering health benefits, angelica extract is increasingly being used in a variety of food products, which is fueling the market's growth. Angelica also has a lot of positive health effects, such as enhancing vitality, giving energy, and enhancing circulation. Additionally, it helps to prevent disorders like anemia, difficulties with immunity, and other ailments. Angelica extract also has anti-aging properties. As a result, cosmetic firms are more in demand for angelica extract, which further propels the growth of the global market for angelica extract.

Trade restrictions and government lockdowns disrupted the Angelica Root Extract for Chemical and Material business due to the COVID-19 epidemic. Raw material shortages also hurt output.

Market Dynamics

Market Drivers

More people are consuming angelica root extracts for its health advantages. It improves lung health, digestion, and menstrual cramps. These extracts expand via food and pharmaceutical usage.

Market Restraints

Diabetics cannot take excessive amounts of angelica extract since they boost urine sugar levels. Angelica extract is pricey, which limits its global market growth.

Market Opportunities

Due to expanding consumer awareness of the advantages of natural components and herbs, worldwide demand for herbal supplements, etc., the global market for Angelica Root Extracts is predicted to rise at a healthy pace during the forecast period.

Market Scope

Segmental Analysis

Segmentation By Type

• Block Extract

Angelica Root Extract is a component of dietary supplements and herbal medicines. Several of the health advantages of angelica root are related to the block extract's high coumarin content.

• Powdered Extract

Angelica Root Extract is a component of herbal remedies and nutritional supplements. Coumarins, which are found in significant concentrations in the ground root or fine powder, are thought to be responsible for many of the health advantage of angelica root.

Segmentation By Application

• Edible

In confections, baked products, and other delights, angelica root extract is employed. Many cuisines utilize it because of its peculiar taste.

• Medical

Angelica root extracts are used to treat menstrual cramps, gout, ulcers, upper respiratory tract infections (URI), bacterial infections, intestinal gas, some cancers, and menopausal symptoms like hot flashes in addition to stomach issues like bloating, nausea, and vomiting.

Regional Analysis

The Global Angelica Root Extract Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

During the projection period, it is predicted that sales of angelica root extract would be dominated by the North American area. The increase in demand for natural ingredients and herbal supplements is primarily responsible for this market's development. Additionally, the market will expand now since there are so many items available at low prices.

Latin America

During the projection period, Latin America is anticipated to see the highest CAGR growth. The market is expanding largely as a result of the increased demand for herbal supplements and natural ingredients in this region.

Europe

It is estimated that within the projected time, sales of angelica root extract will be second only to sales in the United States. The increased demand for angelica root extracts as nutritional supplements and medicinal herbs is primarily responsible for this market's growth. Additionally, the market will expand now since there are so many items available at low prices.

Asia Pacific

Growth in the Asia Pacific area is anticipated to be strong throughout the projected period. The growing demand for angelica root extracts across a range of applications, especially in emerging countries like China and India, may be a contributing factor to this market's rise.

Middle East and Africa

It is predicted that this region would have the smallest market share over the forecast period. The high degree of accessibility of the goods in this market has opened up untapped opportunities, and among other things, the increased consumer awareness of these products has contributed to their growth.

Key Players

1. inRui Group
2. Xi'an Teng Yun Biotech
3. Guang?Zhou Jia Hang Biotech
4. Hunan Health-Guard Bio-Tech
5. Hunan Warrant pharmaceutical

Recent Developments

Pharmacies that deal with herbal medicines and cosmetics claim that the demand for products containing angelica extract has surged by 13%. Supermarkets have witnessed a 6% increase in sales via this channel since they provide a wide selection of products from several companies under one roof. Products created using Angelic Extract are sold via a variety of sources.