Tripterygium Wilfordii Extract Market: Global Industry Analysis and Forecast (2024-2030) by Form, Distribution Channels and Region


Global Tripterygium Wilfordii Extract Market size is expected to reach nearly US$ 12.67 Bn by 2030 with the CAGR of 2.8% during the forecast period.

Global Tripterygium Wilfordii Extract Market Overview:

Tripterygium Wilfordii also known as Thunder God Vine Extract is a type of herb with great therapeutic potential found largely in the Asia-Pacific region and predominantly in China. Leaves and roots of this herb are boiled at a high temperature with alcohol and the extracted residue is used in the solid or liquid form. Approved by China’s Food and Drug regulatory body, a daily dose of Tripterygium Wilfordii Extracts are given to people as herbal alternative medicine as immunosuppressant following organ transplantation and as a medicine of auto-immune and anti-inflammatory related diseases, arthritis, diabetes, and central nervous system-related issues.

Apart from herbal alternative, Tripterygium Wilfordii Extract is used on a large scale as antiviral and anti-tumor medicine. Though occasional and severe adverse effects are found during clinical trials of Tripterygium Wilfordii Extract, its use as an herbal alternative for treating Arthritis has increased significantly. The rise in the number of people getting affected by deadly diseases, increasing preference for herbal medicines, and emerging clinical evidence regarding different uses of Thunder God Vine Extract has resulted in a boom in the Global Tripterygium Wilfordii Extract Market.

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Global Tripterygium Wilfordii Extract Market Dynamics:

Increasing demand for organic and nature-based products in medicines and cosmetics has resulted in the growth in the herbal products market around the world. Large-scale acceptance and following of eastern herbal medicines by people in the USA and Europe has resulted in the increased demand for herbs and herbal extract products.

Herbal medicines and cosmetics do not need the approval of food and medicine regulatory bodies for manufacturing in the USA. Manufacturers or sellers dealing in Herbal products can sell their products directly in the market without registering their firm or taking any legal permission regarding the standard and contents of the product. This has increased the number of herbal products in the US market.

Increased focus on herbal cosmetics and medicine by major European countries has resulted in the relaxed approval regulations over herbal medicines registration and sales in Western Europe. With increased expenditure on herbal medicines and therapies by people in this region, Europe is showing increased demand for herbs and herbal products.

A report by the Center for Disease Control and Prevention (CDC) suggests that 23% of all adults in the US have Arthritis. The highest rate of Arthritis was observed in Russia with nearly 38% of men and 19% of women suffering from Arthritis. It is observed that nearly 3% of the global population is suffering from Arthritis. With tentative evidence and approval from The National Center for Complementary and Integrative Health, Tripterygium Wilfordii Extract Market is growing.

Restraints:

The United Kingdom Government does not recommend the use of Tripterygium Wilfordii Extract due to its potential side effects. This has limited the growth of this market.

Lack of medicinal evidence and side effects ranging from gastrointestinal issues to adverse reproductive outcomes is the major restraining factor for the growth of the Global Tripterygium Wilfordii Extract Market.

Global Tripterygium Wilfordii Extract Market Segment Analysis:

The Global Tripterygium Wilfordii Extract Market is segmented on the basis of

By Form, It is observed that more than 50% of the total products made by using Tripterygium Wilfordii Extract available in the market are in powder form. Advanced medicine on Arthritis and Diabetes is available in Pill, Crystal, and Liquid form.

By Distribution Channels, It is observed that more than 50% of the total sales of Tripterygium Wilfordii Extract products have happened through Specialty Stores and Supermarkets. A 15% of the total revenue of the Global Tripterygium Wilfordii Extract Market has been generated through sales by Pharmacies that sold herbal products. A 20% rise has been observed in the North American region to purchase Tripterygium Wilfordii Extract through an E-Commerce platform.

The above pie chart shows different mediums visited by people for purchasing Tripterygium Wilfordii Extract. It is observed that specialty stores that deal in herbs and herbal products are the most preferred medium by people for purchasing Tripterygium Wilfordii Extract. A report on revenue of this market by the unorganized herbal medicine sector suggests that more than 30% of the total sales and 45% of the total revenue through the medium of Specialty Stores. Availability of similar products and assistance on the use of the product at the store has resulted in the increased visit by people to specialty stores for purchasing Tripterygium Wilfordii Extract.

Supermarkets come in the second position. Bulk buying of Tripterygium Wilfordii Extract for manufacturing as well as individual consumption is done through this medium. A wide range of products from different brands are available here with attractive offers. Supermarkets provide a big platform for sellers with attractive discounts and big scale promotion which has resulted in a 15% increase in the number of sellers registering slots and shops in the supermarkets of North America and Europe.

Pharmacies come in the third position. A Pharmacies that deal in herbs and herbal products are visited by people for purchasing Tripterygium Wilfordii Extract. Pharmacies account for more than 15% of the total sales and more than 15% of the total revenue in the organized Tripterygium Wilfordii Extract Market.

E-Commerce platform come in the Fourth position. An increase in computer literacy, rise in use of online shopping portals, and features like on-time low-cost doorstep delivery has resulted in the 11% increase in the revenue in Tripterygium Wilfordii Extract sales in the region of the USA and Europe. Different mediums are used by people for purchasing Tripterygium Wilfordii Extract as per convenience.

Regional Insights:

The above image shows the presence of the Global Tripterygium Wilfordii Extract Market. Europe because of its Health Obsessed lifestyle leads the Tripterygium Wilfordii Extract market. It is observed that the rise of health-related issues and demand for low-cost medicines has increased the demand for herbs and herbal medicine products. The rise in health-related issues like Arthritis and Diabetes in people of all age groups has forced people to look for alternative medicine treatments and therapies. Affordable cost and little to no side effects have resulted in an 18% rise in the use of Tripterygium Wilfordii Extract products in this region.

North America comes second in this list. Relaxation in granting permission for sales of herbal medicines and rising preference for nature-based products has resulted in a rise in the use of Tripterygium Wilfordii Extract products in this region. People’s shift towards herbal medicines has made North America a leading Tripterygium Wilfordii Extract Market. It is observed that 12% of the total herbal medicines sold for curing central nervous system-related issues had Tripterygium Wilfordii Extract as the main component.

Asia Pacific region is showing steady growth in this market and is expected to overtake other markets based on its increasing population and improving economy. According to data by the unorganized Herbal Medicines Market, it is observed that Tripterygium Wilfordii Extract did business of the US $ 455 Million in this region in the year 2016-17. South America is showing steady growth, but the presence of a lot of restraining factors is limiting the growth rate in this market. The Middle East and Africa’s market is showing very little growth in the Tripterygium Wilfordii Extract Market.

The objective of the report is to present a comprehensive analysis of the global Tripterygium Wilfordii 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 Tripterygium Wilfordii Extract market dynamics, structure by analyzing the market segments and Project the global Tripterygium Wilfordii 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 Tripterygium Wilfordii Extract market make the report investor’s guide.

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Tripterygium Wilfordii Extract Market




Report Coverage
Details




Base Year:
2023
Forecast Period:
2024-2030




Historical Data:
2018 to 2023
Market Size in 2023:
US $ 10.44 Bn.




Forecast Period 2024 to 2030 CAGR:
2.8%
Market Size in 2030:
US $ 12.67 Bn.




 Segments Covered:
by Form
Powder
Pill
Crystal
Liquid




by Distribution Channel
Supermarket
Specialty Store
Pharmacies
E-Commerce
Others






Global Tripterygium Wilfordii 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)
South America (Brazil, Argetina and Rest of South America)

Tripterygium Wilfordii Extract Market Key Players

1. Shaanxi Jintai Biological Engineering Co. Ltd.
2. Xi’an Hao-Xuan Bio-Tech Co. Ltd.
3. Hunan Jin Kang Biotechnology Co. Ltd.
4. Stanford Chemicals Co.
5. Organic Herb Inc.
6. Amalfia Ltd.
7. Forward Pharma B.V.
8. ELIS Global Inc.
9. Herbo Nutra
10. Health Wisdom
11. Sino-Nature International Co. Ltd.
12. Biyang Xinda Trade Co. Ltd.
13. LVYIN Biotech Co. Ltd.
14. Sichuan Sanherb Biotech Inc.
15. Shaanxi FY International Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Tripterygium Wilfordii Extract Market?
Ans: Europe region held the highest share in 2023.

2. What is the growth rate of Global Tripterygium Wilfordii Extract Market?
Ans: The Global Tripterygium Wilfordii Extract Market is growing at a CAGR of 2.8% during forecasting period 2024-2030.

3. What is scope of the Global Tripterygium Wilfordii Extract Market report?
Ans: Global Tripterygium Wilfordii 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 was the Global Tripterygium Wilfordii Extract Market size in 2023?
Ans: The Global Tripterygium Wilfordii Extract market was valued at US$ 10.44 Bn. In 2023.

5. What is the study period of this Market?
Ans: The Global Tripterygium Wilfordii Extract Market is studied from 2023 to 2030. 




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 Tripterygium Wilfordii Extract Market Size, by Market Value (US$ Bn.)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2023
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 Tripterygium Wilfordii Extract Market
3.4. Geographical Snapshot of the Tripterygium Wilfordii Extract Market, By Manufacturer share
4. Global Tripterygium Wilfordii Extract Market Overview, 2023-2030
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 Tripterygium Wilfordii Extract Market
5. Supply Side and Demand Side Indicators
6. Global Tripterygium Wilfordii Extract Market Analysis and Forecast, 2023-2030
6.1. Global Tripterygium Wilfordii Extract Market Size & Y-o-Y Growth Analysis.
7. Global Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
7.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
7.1.1. Powder
7.1.2. Pill
7.1.3. Crystal
7.1.4. Liquid
7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
7.2.1. Supermarket
7.2.2. Specialty Store
7.2.3. Pharmacies
7.2.4. E-Commerce
7.2.5. Others
8. Global Tripterygium Wilfordii Extract Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030
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 Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
9.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
9.1.1. Powder
9.1.2. Pill
9.1.3. Crystal
9.1.4. Liquid
9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
9.2.1. Supermarket
9.2.2. Specialty Store
9.2.3. Pharmacies
9.2.4. E-Commerce
9.2.5. Others
10. North America Tripterygium Wilfordii Extract Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
11.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
12. Canada Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
12.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
13. Mexico Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
13.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
14. Europe Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
14.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
15. Europe Tripterygium Wilfordii Extract Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
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. Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
16.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
17. France Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
17.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
18. Germany Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
18.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
19. Italy Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
19.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
20. Spain Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
20.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
21. Sweden Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
21.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
22. CIS Countries Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
22.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
23. Rest of Europe Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
23.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
24. Asia Pacific Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
24.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
25. Asia Pacific Tripterygium Wilfordii Extract Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
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 Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
26.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
27. India Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
27.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
28. Japan Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
28.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
29. South Korea Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
29.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
30. Australia Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
30.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
31. ASEAN Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
31.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
32. Rest of Asia Pacific Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
32.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
33. Middle East Africa Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
33.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
34. Middle East Africa Tripterygium Wilfordii Extract Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
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 Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
35.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
36. GCC Countries Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
36.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
37. Egypt Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
37.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
38. Nigeria Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
38.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
39. Rest of ME&A Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
39.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
40. South America Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
40.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
41. South America Tripterygium Wilfordii Extract Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
42.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
43. Argentina Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
43.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
44. Rest of South America Tripterygium Wilfordii Extract Market Analysis and Forecasts, 2023-2030
44.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030
44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2023-2030
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Tripterygium Wilfordii 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. Shaanxi Jintai Biological Engineering 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. Xi’an Hao-Xuan Bio-Tech Co. Ltd.
45.3.3. Hunan Jin Kang Biotechnology Co. Ltd.
45.3.4. Stanford Chemicals Co.
45.3.5. Organic Herb Inc.
45.3.6. Amalfia Ltd.
45.3.7. Forward Pharma B.V.
45.3.8. ELIS Global Inc.
45.3.9. Herbo Nutra
45.3.10. Health Wisdom
45.3.11. Sino-Nature International Co. Ltd.
45.3.12. Biyang Xinda Trade Co. Ltd.
45.3.13. LVYIN Biotech Co. Ltd.
45.3.14. Sichuan Sanherb Biotech Inc.
45.3.15. Shaanxi FY International Inc.
46. Primary Key Insights
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