Global Asiatic Wormwood Market Growth 2024-2030

Global Asiatic Wormwood Market Growth 2024-2030

Asiatic Wormwood, commonly known as silvery wormwood or Chinese mugwort, is a herbaceous perennial plant with a creeping rhizome. It is native to China, Korea, Mongolia, Japan, and the Russian Far East (Amur Oblast, Primorye).

The global Asiatic Wormwood market size is projected to grow from US$ 357 million in 2024 to US$ 422 million in 2030; it is expected to grow at a CAGR of 2.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Asiatic Wormwood Industry Forecast” looks at past sales and reviews total world Asiatic Wormwood sales in 2023, providing a comprehensive analysis by region and market sector of projected Asiatic Wormwood sales for 2024 through 2030. With Asiatic Wormwood sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Asiatic Wormwood industry.

This Insight Report provides a comprehensive analysis of the global Asiatic Wormwood landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Asiatic Wormwood portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Asiatic Wormwood market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Asiatic Wormwood and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Asiatic Wormwood.

United States market for Asiatic Wormwood is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Asiatic Wormwood is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Asiatic Wormwood is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Asiatic Wormwood players cover Lvying Ai Cao, Yaoyi Baoai Straw, NANYANG HAOXIANG PHARMACEUTICAL, SHENNONG WORMWOOD, Aitsao, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Asiatic Wormwood market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Home Wormwood
Wild Wormwood

Segmentation by Application:
Medical
Food
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lvying Ai Cao
Yaoyi Baoai Straw
NANYANG HAOXIANG PHARMACEUTICAL
SHENNONG WORMWOOD
Aitsao
Da'ai Biological Products
Wanbei Airong Factory
Hanyi Airong
Health Express Pharmaceutical
Chengshantang Biotechnology
Grass Jelly Pharmaceutical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Asiatic Wormwood market?

What factors are driving Asiatic Wormwood market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Asiatic Wormwood market opportunities vary by end market size?

How does Asiatic Wormwood break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.