Global Angelica Extract Market size is expected to reach nearly US$ 11.71 Bn by 2029 with a CAGR of 4.8% during the forecast period.Angelica Extract Market Overview:
Angelica is an aromatic herb that grows predominantly in Eastern regions of Asia-Pacific. It is obtained by boiling the Angelica plant in alcohol and distilling the residue of the solution obtained. Known by many names like wild celery and wild parsnip, root, seed, and leaves of Angelica holds numerous medicinal properties. Angelica Extract is used on a large scale as an herbal alternative for diseases like arthritis, stroke, dementia, plague, and sleep-related issues. Angelica Extract holds properties that help in brightening skin color and maintaining skin hydrating contents. Such a wide range of medicinal and cosmetics properties have increased demand for Angelica Extract around the world. An increase in preference for herbal products and the presence of numerous medicinal properties has resulted in the growth in the Global Angelica Extract Market.To know about the Research Methodology :- Request Free Sample Report
Angelica Extract Market Dynamics:
Research done by Wendy Zhang, J. P. Chen, and others state that Angelica Extracts hold medicinal properties that are effective on arthritis, stroke, nerve pain, and abdominal pain. Published by the US National Library of Medicines, this certified research has opened the doors for a wide level of medicinal use of Angelica Extract in the US. A report by WTO published in 2021 states that the Global Herbal Products sale in the year 2016 was the US $ 48 Billion with future predictions are with an annual growth rate of 7%. Angelica Extract due to its vast medicinal applications holds a major share of this market. A report by WHO states that 9.6% of men and 18% of women in the age group of 60 years and above suffer from a severe form of Arthritis. Fast-paced lifestyle and inadequate intake of healthy food have resulted in a 2.3% increase in young people getting diagnosed with arthritis. Angelic Extract provides an herbal solution without any side effects on Arthritis. QBS a leading herbal product based cosmetics manufacturing brand has launched a new range of Essential Oil and skin whitening formula made by Angelica Extract. The presence of numerous medicinal and cosmetics properties along with rising demand for herbal products is the main driving factor for the growth of the Global Angelic Extract Market.Angelica Extract Market Restraints:
The high price of Angelic Extract-based products is the major restraining factor here. Several side effects like an increase in blood sugar level have resulted in the social media campaign ‘safe Bio Products’ which is limiting the growth of the Global Angelic Extract Market.Angelica Extract Market Segment Analysis:
The Angelic Extract Market is segmented on the basis of By Form, Angelic Extract in its raw root form is used on a large scale for producing household medicines. Commercial application of Angelic Extract observed that more than 75% of products sold are in powder and liquid form. Angelic Extract is available on market in different forms like Capsule and Pill. By Application, Angelic Extract is used as a food additive in manufacturing health supplements and dietary food products. It is observed that 16% of health supplements consumed in North America and Asia-Pacific consists of Angelica Extract. With a wide level of medicinal properties, Angelica Extract has observed a 6% growth in demand from the Pharmaceuticals Industry. rising demand for skin brightening solutions has resulted in an 11% rise in demand for Angelica Extract from the Cosmetics Industry in the US and Europe. By Distribution Channels, Different mediums like Specialty stores and Pharmacies are preferred by people on a large scale for purchasing Angelic Extract-based products. An increase of 7% has been observed for the demand of Cosmetics by the medium of Specialty Stores. Increased use of online shopping portals has observed a 3% increase in demand for Angelic Extract on different shopping portals. Pharmacies that deal in herbal products account for more than 12% of the total sales of the commercial Angelic Extract products. Availability of a wide range of products by different brands has resulted in a 4% increase in customers visiting to purchase Angelic Extract. Specialty Stores that deal in herbs and herbal products are the most preferred medium by people for purchasing Angelica Extract. Data from Organized Herbal Sector states that more than 25% of the total sales of Angelic Extract have happened through Specialty Stores. The increase in the use of the internet for shopping has resulted in a 9% increase in the number of customers ordering Angelic Extract through online shopping portals. Pharmacies that deal in herbal medicines and cosmetics have observed a 13% increase in demand for Angelica Extract-based medicine and cosmetics. Supermarkets provide a wide range of products by different brands under one roof which has resulted in a 6% increase in sales through this medium. Different mediums are used by people for purchasing Angelic Extract-based products.Regional Insights
With more than 85% of the total production and more than 30% of domestic consumption in manufacturing household medicines, the Asia-Pacific dominates the Global Angelic Extract Market. A 6% rise in demand has been observed in the new cosmetics range for skin brightening that is made by using Angelic Extract in this region. Rising preference for herbal medicines and cosmetics has resulted in a 3% increase in demand for Angelic Extract in the region of North America. This region is the biggest contributor in commercial Angelica Extract medicine on Arthritis, Stroke, and Dementia. An increase in the number of people suffering from mental health-related issues has resulted in a 15% increase in demand by the Healthcare Sector in this region. Europe is the biggest consumer of Angelic Extract based medicine that is used on issues like anemia and low immunity. It is observed that the increase in demand for Angelic Extract in this region has resulted in a 4% increase in sales. South America is observing a stagnant growth of 3.5% in the last 5 years. It is observed that demand for local herbal substitutes and the high price of Angelica Extract is the major reason behind this stagnant growth. The Middle East and Africa’s Market has shown very little growth, the reason for which is the presence of different social and economic restraining factors. The objective of the report is to present a comprehensive analysis of the global Angelica Extract market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Angelica Extract market dynamics, structure by analyzing the market segments and Project the global Angelica Extract market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Angelica Extract market make the report investor’s guide.Angelica Extract Market Scope: Inquire before buying
Angelica Extract Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 8.43 Bn. Forecast Period 2023 to 2029 CAGR: 4.8% Market Size in 2029: US $ 11.71 Bn. Segments Covered: by Form Capsule Liquid Powder Root Pill Others by Application Food & Beverages Pharmaceuticals Cosmetics Others by Distribution Channel Supermarket Specialty Store Pharmacies E-Commerce Others Angelica Extract Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players are:
1. Thiptipa Co. Ltd. 2. Bio-Botanica Inc. 3. Zingo Enterprise Co. Ltd. 4. Tropical Herb Products Co. Ltd. 5. Mighty International Co. Ltd. 6. DENK Ingredients GmbH 7. Changsha Luyuan Bio-Tech Co. Ltd. 8. Changsha Huir Biological-Tech Co. Ltd. 9. Dingxi Fengyuan Import and Export Co. Ltd. 10.Sino-Nature International Co. Ltd. 11.Lvyin Biotech Co. Ltd. 12.Sichuan Sanherb Biotech Inc. 13.YOUQLL Nursery 14.Shaanxi Pure Source Biotech Ltd. 15.Qingdao ACEGRE International Co. Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Angelica Extract Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Angelica Extract Market? Ans: The Global Angelica Extract Market is growing at a CAGR of 4.8% during forecasting period 2023-2029. 3. What is scope of the Global Angelica Extract Market report? Ans: Global Angelica Extract Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this Market? Ans: The Global Angelica Extract Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Angelica Extract Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Angelica Extract Market 3.4. Geographical Snapshot of the Angelica Extract Market, By Manufacturer share 4. Global Angelica Extract Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Angelica Extract Market 5. Supply Side and Demand Side Indicators 6. Global Angelica Extract Market Analysis and Forecast, 2022-2029 6.1. Global Angelica Extract Market Size & Y-o-Y Growth Analysis. 7. Global Angelica Extract Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 7.1.1. Capsule 7.1.2. Liquid 7.1.3. Powder 7.1.4. Root 7.1.5. Pill 7.1.6. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Food & Beverages 7.2.2. Pharmaceuticals 7.2.3. Cosmetics 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.3.1. Supermarket 7.3.2. Specialty Store 7.3.3. Pharmacies 7.3.4. E-Commerce 7.3.5. Others 8. Global Angelica Extract Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Angelica Extract Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 9.1.1. Capsule 9.1.2. Liquid 9.1.3. Powder 9.1.4. Root 9.1.5. Pill 9.1.6. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Food & Beverages 9.2.2. Pharmaceuticals 9.2.3. Cosmetics 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.3.1. Supermarket 9.3.2. Specialty Store 9.3.3. Pharmacies 9.3.4. E-Commerce 9.3.5. Others 10. North America Angelica Extract Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Angelica Extract Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Angelica Extract Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Angelica Extract Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Angelica Extract Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Angelica Extract Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Angelica Extract Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Angelica Extract Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Angelica Extract Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Angelica Extract Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Angelica Extract Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Angelica Extract Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Angelica Extract Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Angelica Extract Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Angelica Extract Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Angelica Extract Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Angelica Extract Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Angelica Extract Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Angelica Extract Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Angelica Extract Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Angelica Extract Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Angelica Extract Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Angelica Extract Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Angelica Extract Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Angelica Extract Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Angelica Extract Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Angelica Extract Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Angelica Extract Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Angelica Extract Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Angelica Extract Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Angelica Extract Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Angelica Extract Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Angelica Extract Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Angelica Extract Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Angelica Extract Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Angelica Extract Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Thiptipa Co. Ltd. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Bio-Botanica Inc. 45.3.3. Zingo Enterprise Co. Ltd. 45.3.4. Tropical Herb Products Co. Ltd. 45.3.5. Mighty International Co. Ltd. 45.3.6. DENK Ingredients GmbH 45.3.7. Changsha Luyuan Bio-Tech Co. Ltd. 45.3.8. Changsha Huir Biological-Tech Co. Ltd. 45.3.9. Dingxi Fengyuan Import and Export Co. Ltd. 45.3.10. Sino-Nature International Co. Ltd. 45.3.11. Lvyin Biotech Co. Ltd. 45.3.12. Sichuan Sanherb Biotech Inc. 45.3.13. YOUQLL Nursery 45.3.14. Shaanxi Pure Source Biotech Co. Ltd. 45.3.15. Qingdao ACEGRE International Co. Ltd. 46. Primary Key Insights