Pharmacognosy Market Analysis and Reports | Australia Conference Series

Market Analysis - Pharmacognosy 2017

Pharmacognosy, Phytochemistry and Natural Products Market Research:

According to GIA, the herbal supplements and Remedies Market is projected to reach US $115 billion by 2020, driven by the growth adoption of preventive care as a safe and effective strategy to improve health and wellbeing. Europe represents the largest market worldwide. Asia-Pacific is poised to emerge as the fastest growing market with CAGR of 9% over the analysis report.

*Source: Global Industry Analysts

The Market report of most of the pharmacognosy companies shows their investments majorly in the  following areas, namely:

  • Botanical and Plant-Derived Drugs
  • Bio Pesticides
  • Photo Medicine
  • Agricultural Micronutrients
  • Chromatography
  • Spectroscopy
  • Dietary Supplements

Botanical and Plant-Derived Drugs:

  • The global market for botanical and plant-derived drugs was valued at $23.2 billion in 2013 and $24.4 billion in 2014. This total market is expected to reach $25.6 billion in 2015 and nearly $35.4 billion in 2020, with a compound annual growth rate (CAGR) of 6.6% from 2015 to 2020.
  • The global market for botanical drugs is expected to increase from $35.9 million in 2015 to nearly $1.8 billion in 2020, with a CAGR of 117.9% from 2015 to 2020.
  • The other plant-derived drug segment is expected to increase from $25.6 billion in 2015 to $33.6 billion in 2020, with a CAGR of 5.6% from 2015 to 2020.

*Source: BCC Research

Biopesticides:

  • The global market for biopesticides and synthetic pesticides reached $58.5 billion in 2015. The market should reach $60.2 billion in 2016 and $78.7 billion by 2021, growing at a compound annual growth rate (CAGR) of 5.5% from 2016 to 2021.
  • The global market for synthetic pesticides reached $54.8 billion in 2015. The market should reach $56.2 billion in 2016 and $71.0 billion by 2021, growing at a CAGR of 4.8% from 2016 to 2021.
  • The global biopesticides market reached $3.7 billion in 2015. The market should reach nearly $4.0 billion in 2016 and $7.7 billion by 2021, growing at a CAGR of 14.1% from 2016 to 2021.

*Source: BCC Research

Photomedicine

  • The global photomedicine technology market will grow from $346 million in 2016 to $436 million by 2021, with a compound annual growth rate (CAGR) of 4.7% for the period of 2016-2021.
  • North America dominated the market and will grow from $174 million in 2016 to $222 million by 2021, rising at a CAGR of 5.0%.
  • European market is expected to increase from $92 million in 2016 to $114 million by 2021 with a CAGR of 4.4%.

*Source: BCC Research

Agricultural Micronutrients

  • The global agricultural micronutrients market reached nearly $4.8 billion in 2015 and should reach $7.0 billion in 2020, at a compound annual growth rate (CAGR) of 8.0% from 2015 to 2020.
  • Zinc based agricultural micronutrients market reached nearly $1.4 billion in 2015 and should reach $2.1 billion by 2020, with a CAGR of 8.8%.
  • Boron based agricultural micronutrients market reached $1.1 billion in 2015 and should reach nearly $1.7 billion by 2020, with a CAGR of 8.5%.

*Source: BCC Research

Chromatography

  • The global market for chromatography reagents will grow from $8.3 billion in 2014 to nearly $11 billion by 2019 at a compound annual growth rate (CAGR) of 5.2% between 2014 and 2019.
  • The liquid and flash chromatography segment totaled nearly $4 billion in 2014 and should reach nearly $5.1 billion by 2019, demonstrating a CAGR of 5.0% for the period of 2014-2019.
  • The market for gas chromatography totaled $1.7 billion in 2014 and should total $2.3 billion by 2019, registering a five year CAGR of 5.3% through 2019.

 

*Source: BCC Research

Spectroscopy

  • The global market for Raman spectroscopy is expected to reach $1.8 billion by 2021 from $1.1 billion in 2016, rising at a compound annual growth rate (CAGR) of 9.9% from 2016 through 2021.
  • The Life sciences application market of Raman spectroscopy is the largest sector of the market. The market is expected to grow from $416 million in 2016 to $658 million in 2021 at a CAGR of 9.6% for the period 2016-2021.
  • The Semiconductors application market of Raman spectroscopy is expected to grow from $163 million in 2016 to $271 million in 2021 at a CAGR of 10.7% for the period 2016-2021.

*Source: BCC Research

Dietary supplements

  • The global market for OTC medicines and dietary supplements reached $128.8 billion in 2012. This market is expected to reach to $142.7 billion in 2013 and $189.7 billion in 2018, with a compound annual growth rate (CAGR) of 5.9%.
  • Transparency Market Research states that the global natural source vitamin E market will expand at a 12.8% CAGR from 2016 through 2024. The market, which was worth US$765.6 mn in 2015, is expected to rise to US$2,251.7 mn by 2024.

*Source: BCC Research & TMR Analysis

Pharmacognosy 2017 Research Review:

Drug Discovery Research in Pharmacognosy is a promising road map which will help us find medicine for all! The scope of research is extremely wide ranging from traditional medicine to modern biotechnology with phytochemistry and analytical chemistry, which play an important part in the quality assurance of the raw material and their finished products.

According to GIA, the herbal supplements and Remedies Market is projected to reach US $115 billion by 2020, driven by the growth adoption of preventive care as a safe and effective strategy to improve health and wellbeing. Europe represents the largest market worldwide. Asia-Pacific is poised to emerge as the fastest growing market with CAGR of 9% over the analysis report.

Major Medicinal and Aromatic plants Growing Countries in Asia

The Asia region has a long tradition of use on herbal medicines and has very rich diversity of medicinal and aromatic plants (MAP). Out of about 8,000 species having ethnobotanical properties, 2,500 MAP species are primarily used in different traditional medicinal systems and only about 250 MAP species are traded in large volumes. The world trade in botanicals is US $ 32.702 billion of which Asia accounts for US $ 14.505 billion (44.35%). This vast resource is the mainstay of raw material supply to industries for drug formulations, nutritional applications, food flavoring, perfumery, cosmetics, toiletries, etc. The international market of herbal products is estimated to be US $ 62 billion and poised to grow at a rate of 7 per cent per annum to US $ 5-7 trillion by 2050.

China

China has rich genetic recourses and a great variety of medicinal plants. It is reported that there are 12,807 kinds of Chinese medicines, out of which about 11,146 (80%) are of plant origin. In general, 320 medicinal plants are the most commonly used. China’s annual herbal drug production is reported to be around US $ 48 billion with export of about US $ 3.6 billion. Japan, Hong Kong, Korea, and Singapore are the major importers of herbal drugs making 66 per cent share of China’s botanical drug exports.

India

The present export of herbal raw materials and medicines from India is about US $ 100-114 million per year. India is one of the major exporters of crude drugs mainly to six developed countries, viz., USA, Germany, France, Switzerland, U.K. and Japan, which accounts for 75-80 per cent of the total export market.

Nepal

Medicinal plants are important natural resources for proving healthcare as well as livelihood support for a vast majority of the rural population in Nepal. It is reported that about 80-85 per cent Nepalese population depend on traditional medicines.

Malaysia

Global demand for herbal products, which amounted to RM672 billion in 2006, is projected to triple by 2020. The shift in healthcare, denoted by global growth in nutraceuticals, towards a preference for natural products with therapeutic value provides opportunities for Malaysia to become a significant global player, given our rich biodiversity.

Philippines

In the Philippines, the wellness industry had grown from scratch to worth US $ 25.3 million in 2012. It is predicted that by the year 2022, tourism and alternative healthcare will emerge as the world’s biggest industries. The Philippines is expected to play a pivotal role in this industry for the following reasons: availability of educated pool of professionals, natural wealth and a wide range of medicinal herbs and aromatic plants.

Korea

In Korea, production of horticultural and herbal industry continued to increase (Won 13.3 trillion in 2008 to Won 15.6 trillion in 2010) and the exportation of fresh horticultural and herbal crops also increased largely (US $ 592 million in 2008 to US $ 835 million in 2011).

Highlights:

  • The global market for agricultural biotechnology reached $26.4 billion in 2013 and $27.8 billion in 2014. This indication is expected to reach $46.8 billion in 2019, registering a compound annual growth rate (CAGR) of 11.0% over the next five years.
  • Global sales of topical and injectable Cosmeceutical products amounted to nearly $31.7 billion in 2011. It is projected to reach nearly $45.6 billion in 2017 from $35 billion in 2012, representing a five-year compound annual growth rate (CAGR) of 5.4% between 2012 and 2017.
  • The global market for volatile organic compound (VOC) gas detectors will grow from $131.4 million in 2016 to $154.7 million by 2021, with a compound annual growth rate (CAGR) of 3.3% for the period of 2016-2021.

Nutraceuticals Industries: Market Analysis

The global nutraceuticals market was valued at $160.6 billion in 2013 and increased to $171.8 billion in 2014. The market is expected to reach $241.1 billion by 2019, a compound annual growth rate (CAGR) of 7% from 2014 to 2019.

Some of the nutraceutical companies which produce or manufacture nutraceuticals for market are Vista Business Consultants, Kmgtechnologies, Cosmo Pharma Int.(Pvt) Ltd., Pro-Health Marketing, Ningbo Inno Chemical Co., Ltd, Sinochem Jiangsu Corporation etc.

Crude Drugs Market Analysis:

Plant extracts business is the growing, collecting, and distributing of herbal products; Use of plant extracts has significantly provided an invaluable solution for the industries like pharmaceuticals, cosmetics, food and beverages etc. Global plant extracts market is expected to experience steady growth in coming five years due to the standardization of the production and quality of the herbal products globally.

Some of the Global plant extracts companies industry including Organic Herb Inc, Plant Extracts International Inc, Network Nutrition, FT Technologies, Lehmann & Voss & Co. KG, Ingredia Nutritional, TimTec, Alkaloids Corporation, Herbal Extract Company, Nantong Sihai Plant Extracts Co., Ltd, Sigma-Aldrich Co. LLC, Phytovation Ltd, Kuber Impex Ltd, Qualiphar, Prinova Group, Indena, BerryPharma AG, Nutri-Pea Limited, Kangcare Bioindustry Co. Ltd, Naturex and so on.

  • Enabled products, the largest market segment, reached $2.8 billion in 2016 and should reach over $8.3 billion in 2021 at a CAGR of 24.4 through 2021.
  • Core products reached $311.5 million in 2016 and should reach $1.1 billion in 2021 at a CAGR of 30.0% through 2021

Pharmacognosy Industries Market Analysis:

The global synthetic-biology market reached nearly $3.9 billion in 2016 and should reach $11.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 24.0% through 2021.

Some of the leading companies operating in the herbal and plant related medicines are Arizona Natural,  Arkopharma, Bio-Botanica, Blackmores, Dabur, Guangzhou Pharma, Haiyao, Herbal Africa, Imperial Ginseng, Kunming Pharma, Madaus, Nature Herbs, Nature's Answer, Potter's, Sido Muncul, Sanjiu, Schwabe, TASLY, Taiji, Tongrentang, Tsumura, Weleda, Yunnan Baiyao, Zand Zhongxin

Target Audience:

  • Pharmacognosy
  • Phytochemist
  • Plant Biochemist
  • Plant Physiologist
  • Horticulturist
  • Ayurvedic and Toxicologist
  • Herbalists
  • Alternative Medicine Practitioners
  • Complementary Medicine Practitioners
  • Researchers in the field Of Herbal and Traditional Medicine
  • Acupuncturists
  • Phytomedicines
  • Naturopathy
  • People Who Believe In natural Remedies to explore their research 
  • Practitioners of Natural Medicine

* Source: BCC Research, GFAR, APAARI, Markets and Markets Analysis, TMR Analysis

5th  International Conference and Exhibition on Pharmacognosy, Phytochemistry & Natural Products

July 24-26, 2017 Melbourne, Australia

Summary of Pharmacognosy 2017:

Pharmacognosy plays an important role in the study of crude drugs that include plant, animal and marine sources. The subject deals with the discovery, characterization, production and standardization of drugs from natural sources and forms a basis in the study of Nutraceuticals and Cosmeceutical. It provides a premier technical forum for reporting and learning about the latest research and development, along with discussing new applications and technologies. Events include hot topics presentations from all over the world and professional networking with industries, leading working groups and panels.

For thousands of year’s Pharmacognosy and natural products have played a very important role in health care and prevention of diseases.  It is estimated that about 70% of the supply of herbal raw material for Ayurveda and other homeopathic medicines in India comes from the wild. To meet the increasing demand for raw material, to conserve wild resources, and to reduce the potential variability in the active ingredient content in medicinal plants from different collection areas, it is important to implement more controlled cultivation programs to ensure quality and to protect resources.