Peony Root Bark Extract Market
Peony Root Bark Extract Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Peony Root Bark Extract Market Size and Growth
The Peony Root Bark Extract market is experiencing significant growth, driven by increased demand in the herbal supplement and pharmaceutical sectors. As of 2023, the market size is estimated at approximately $150 million, with a projected CAGR of 8% over the next five years, fueled by consumer interest in natural health products.
Companies Covered
(Covid 19 Impact Covered)
◍ Nutra Green Biotechnology
◍ RUNHERB INC.
◍ Shaanxi NHK Technology
◍ Changsha Staherb Natural Ingredients
◍ Shenyang Phytocare Ingredients
◍ Xian Yuensun Biological Technology
◍ Shaanxi Jintai Biological Engineering
The Peony Root Bark Extract Market features companies like Nutra Green Biotechnology and RUNHERB INC., which focus on herbal remedies and dietary supplements. These firms enhance market growth through innovation, product diversification, and strategic partnerships. Shaanxi Jintai generated over $5 million sales in 2022, highlighting industry potential. Other companies similarly contribute to market expansion.
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Market Segmentation
By Application
Pharmaceutical
Food and Beverages
Others
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By Product
In Bulk
Packed
Market Growth
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$ X Billion USD
