Global Bloodroot Market Outlook
Traditional herbal medicines are naturally occurring plant-derived products which have minimal or no industrial processing. Traditional herbal medicines are gradually getting significant sales in the global healthcare industry. In some of the regions like Asia, Europe natural herbal medicines have been practiced due to rise in demand for the same. Bloodroot is one such herbal plant that has been gaining traction in the natural healthcare industry. Bloodroot also known as Sanguinaria Canadensis is a perennial flowering plant native to the eastern North American region. Bloodroot is also found in the south of Canada, the Great Lakes, and the Mississippi embayment.
Global Bloodroot Market: Reasons for covering this Title
According to WHO sources, about three-quarters of the world’s population currently use herbs and other forms of traditional medicines to treat disease. The confluence of factors such as no side effects, higher efficacy, consumer's faith and confidence have been driving the demand for bloodroot and herbal products in the global market. Bloodroot has various application in the field of medicines such as treating croup, hoarseness, sore throat poor circulation in the surface blood vessels, nasal polyps, achy joints and muscles (rheumatism), warts, and fever.
Global Bloodroot: Market Segmentation
On the basis of Nature, the global Bloodroot market has been segmented as –
On the basis of form, the global Bloodroot market has been segmented as –
On the basis of the end user, the global Bloodroot market has been segmented as –
On the basis of the distribution, the global Bloodroot market has been segmented as –
- Specialty Stores
Global Bloodroot Market: Key Takeaway
Herbal Medicine has been gaining traction in major parts of the world paving opportunities for bloodroot market in the world of pharmacy.
Progress in the worldwide regulation of traditional medicines
Global Bloodroot Market: Key Players
Some of the key players operating in the global Bloodroot market are Joseph Flach & Sons Ltd, G. Baldwin & Co., MOUNTAIN ROSE HERBS, Bristol Botanicals Limited, Mountain Fresh, Swanson Health Products, Now Health Group Inc., doTERRA International, Young Living Essentials, Natural Factors Nutritional Products Ltd among others.
Key Trends: Global Bloodroot Market
Major shareholding companies for Bloodroot have been emphasizing on improving its production capacity in order to cater to the rising demand for its products. The companies have been also strategizing on promoting its products and services by attending several high profile exhibitions and meets
Global Bloodroot Market: Key Developments
- In the year 2017, NOW Foods, participated in the Food & Nutrition Conference Expo to promote its newly launched products among its target customers.
- In 2011, NOW Foods built a state-of-the-art manufacturing and distribution facility in Sparks, Nevada. This Nevada facility is a GMP-certified green facility, built to adhere to LEED program specifications.
- In 2016, doTERRA International inaugurated a new distillery center Esseterre Bulgaria EOOD (Esseterre) in Bulgaria
Opportunities for Bloodroot Market Participants
Owing to the rise in awareness of the critical health benefits associated with the consumption of herbal medicines, consumers are now gradually adopting herbal medication for the treatment of many diseases. Herbal medication is being considered as the effective solution of the treatment of fatal diseases like cancer. According to WHO, 8.8 million people died worldwide from cancer in 2015. Bloodroot is being used in the pharmaceutical industry due to anti-cancer fighting properties. Bloodroot in a dose-dependent manner is effective on certain kinds of skin cancer even when pharmaceutical drugs are not. Bloodroot is also known to reduce the build-up of plaque in teeth. In 2000, the FDA approved the inclusion of bloodroot in toothpaste as an antibacterial or anti-plaque agent. Due to these mentioned critical functions of bloodroot, it sights an opportunity for the product which has the potential to trigger demand in the global market.
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