Peony Extract Market size was valued at USD 150 Million in 2024 and is projected to reach USD 250 Million by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
The global Peony Extract market was valued at approximately USD 500 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The increasing demand for natural ingredients in the beauty and skincare industries, along with growing awareness of the medicinal properties of peony extract, is driving this growth. The market is expected to reach around USD 1 billion by the end of 2030. The Asia Pacific region, particularly China, is a dominant market for Peony Extract due to its historical use in traditional medicine and the abundance of peony flowers. In 2022, Asia Pacific held a market share of 40%, contributing significantly to global revenue. North America and Europe also showcase a steady rise in demand, driven by the cosmetic and pharmaceutical sectors, with market shares of approximately 25% and 20%, respectively.
In terms of opportunities, the increasing preference for natural and plant based ingredients is creating substantial growth prospects in regions like North America and Europe, where consumers are becoming more health conscious. The rise of e commerce and digital platforms is further enhancing the accessibility of Peony Extract based products. Moreover, the potential for peony extract in alternative medicine, particularly in treating skin conditions and as an anti inflammatory agent, opens new opportunities in the healthcare sector. Furthermore, as consumers focus on sustainability, the demand for organically sourced peony extract is expected to grow, presenting new opportunities for market players to innovate and cater to eco conscious consumers.
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Peony Love
Ruipu mudan
Henan Xiangyue
Weizhen Guose Agriculture
Gansu Wanlinxiqi
Anhui Chinature
Klorane
Martin Bauer Group
Naolys
Active Organics
Naturex
Aunutra
Nelsons Natural World
Anhui Fengyang Phytochemistry
Xi'an Changyue Phytochemistry
Pioneer Herb
Xi'an Shenyuan
Novoherb
King-Stone
Nutra Green
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Peony Extract Market
Red Peony Extract
White Peony Extract
Pink Peony Extract
Fermented Peony Extract
Cosmetics and Personal Care
Food and Beverages
Pharmaceuticals
Dietary Supplements
Powder Extract
Liquid Extract
Capsules/Tablets
Topical Preparations
Wildcrafted Peonies
Farmed Peonies
Organic Peonies
Conventional Peonies
Individuals (Direct Consumers)
Healthcare Professionals
Cosmetic Manufacturers
Food and Beverage Manufacturers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Peony Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Peony Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Peony Extract Market, By Type
6. Global Peony Extract Market, By Application
7. Global Peony Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Peony Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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