The global notoginseng root extract market size was valued at USD 13.45 billion in 2024 and is expected to reach USD 26.62 billion by 2032, growing at a CAGR of 8.90% during the forecast period.
Market growth is largely driven by the rising demand for natural and plant-based ingredients in the pharmaceutical and nutraceutical industries, due to increasing awareness of traditional medicine and herbal supplements.
Additionally, growing consumer preference for health-enhancing, anti-inflammatory, and antioxidant-rich products is boosting demand across food, cosmetics, and wellness sectors, significantly accelerating market expansion.
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