Petasites Japonicus is an herbaceous perennial plant which is also known as Japanese sweet coltsfoot and Japanese butterbur. Petasites Japonicus belongs to asteraceae family, primarily found in Japan, China, Korea and Europe. Petasites Japonicus was introduced to Western Europe by Japanese immigrants. The stalk of petasites japonicus is known as “fuki”, which is a rich source of potassium, manganese, copper, calcium, and vitamin. Now a day’s petasites japonicus extract has be used for the prevention of migraine and the treatment of allergic rhinitis. Petasites japonicus extract has anti- inflammable properties which instantly reduces inflammation caused by arthritis or immune response.
Petasites Japonicus extract market is segmented on the basis of type, end-user, application, and region. On the basis of type the market is segmented into petasites japonicus leaf extract and petasites japonicus root extract. The demand for petasites japonicus extract is increasing as it offers many anti-oxidant properties as well as is a rich source of flavonoid. On the basis of end-user the market is segmented into industrial and retail. The retail segment is further sub-segmented into supermarkets/hypermarkets, convenience stores and online stores. It is expected that online store will hold a relatively higher share in the petasites japonicus extract market compared to other distribution channels. On the basis of application the petasites japonicus extract market is segmented into cosmetic industry, and pharmaceutical industry. Pharmaceutical industry is expected to hold the major market share in the forecast period.
Market Regional Outlook:
Regional segment for the market of petasites japonicus extract is divided into five different regions: North America, APAC, Europe, Latin America and MEA. Among these regions Asia Pacific is expected to be the major contributor of petasites japonicus extract market globally and is expected to dominant the market in the forecaster period. In Asia Pacific region countries such as China and Japan holds the key market for petasites japonicus extract. In Europe region countries such as Italy and Spain holds the key market for petasites japonicus extract. In terms of revenue Europe is expected to be the second leading contributor of the petasites japonicus extract market in the forecast period.
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Petasites Japonicus extract has been popular from ancient times and increasing awareness among the consumers about the health benefits associated with petasites japonicus extract is expected to drive the market in the near future. Petasites japonicus extract offers various health benefits such as it enables to reduce pain and swelling (inflammation), helps in the treatment of wounds, enables to reduce common cold, as petasites is an antihistamine element, therefore it helps to prevent allergic reactions, helps to reduce headaches and reduce fever and also helps to control the blood sugar level of the body which is expected to bolster the growth of the petasites japonicus extract market. The demand for anti-aging cream is further expected to boost the petasites japonicus as antioxidants present in the root extract helps in preventing free radical damage of the body. Petasites japonicus extract is also known to cure dehydration, potassium and magnesium deficiency along with calcium deficiency in pregnant women. Furthermore, it contains flavonoid which keeps the level of bad cholesterol low, these factors are also expected to drive the Petasites Japonicus extract market during the forecast period.
Market Key Players:
Some of the key players in petasites japonicus market are Swanson, Planetary Herbals, Solaray, Life Extension, Vitacost, Hawaii Pharm LLC, Piping Rock Health Products, Linpharma, Inc and Source Naturals among others.