Rhodiola rosea is a perennial herb native to Europe, Asia, and North America's arctic and mountainous regions. Rhodiola rosea, also known as golden root, roseroot, and arcticroot, is a medicinal plant that has been used for centuries in Scandinavia, Eastern Europe, and Asia. Rhodiola belongs to the class of adaptogens. Adaptogens is a category of natural substance which is belived to stimulate body's resistance to enviornmental, physical and emotional stressors. Rhodiola rosea is well-known for its nervous system-stimulating properties, as well as for reducing depression, boosting physical endurance, productivity, and resistance to high altitude sickness. Rhodiola is available as rhodiola root powder and extract.
MARKET SCOPE
The "Global Rhodiola Root Powder Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rhodiola root powder market with detailed market segmentation by product and application. The report provides key statistics on the market status of the leading rhodiola root powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmented as, organic and conventional.
- Based on application the market is segmented as, health products, dietary supplement, pharmaceutical and others.
MARKET DYNAMICS
Drivers:
- Various medicinal benefits of rhodiola such as, it is used as adaptogen, performance booster, helps to reduce spasm and fatigue are expected to boost market growth.
- High demand of rhodiola root powder and extract owing to its several benifts is expected to support market growth.
- Rising preference for natural products owing to their health benefits and low side effect profiles.
Restraints:
- Whereas, high cost of the rhodiola root powder preparation is likely to hamper market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rhodiola root powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rhodiola root powder market in these regions.
IMPACT OF COVID-19 ON RHODIOLA ROOT POWDER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the rhodiola root powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from rhodiola root powder market are anticipated to lucrative growth opportunities in the future with the rising demand for rhodiola root powder in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rhodiola root powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Layn Corp
- Arkure Health Care
- Hunan NutraMax Inc.
- NUTRICOST
- BulkSupplements
- Swanson Health Products
- Xian Yuensun Biological Technology Co.,Ltd
- Herbo Nutra
- Gaia Herbs
- Horb?ach