Opoponax extract resinoid is a popular essential oil which is also known as sweet myrrh essential oil. This extract find wide range of application across food and spice industry, cosmetic industry, and healthcare industry.
Miracle Botanicals, M & U International LLC, Penta International Corporation, William Bernstein Company, Botany Essentials Pty Ltd, and Star Child Glastonbury.
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Key Market Drivers:
There is an incidence and prevalence of muscle cramps and muscle spasms which is a main driving growth factor of global opoponax extract resinoid market. According to the US National Library of Medicine report published in September 2020, in 2018, around 46% of individuals above the age of 50 were suffering from muscle cramps, globally. Moreover, according to the same source, 26% of pregnant women in China suffered from muscle cramps in the calf during pregnancy in 2018.
Moreover, growing prevalence of bacterial and viral infection-associated diseases is again propelling growth of the opoponax extract resinoid market. Rising spending on pharma companies by key players to develop the novel drug in order to meet the growing demand around the globe is again driving the growth of the market.
Covid-19 Impact Analysis
The market of opoponax extract resinoid has witnessed negative growth during Covid-19 pandemic due to implementation of strict travel restriction. This has created the gap between supply and demand.
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- North America is expected to gain the fastest growth in the near future and this is attributed to the high prevalence of anxiety issues in the region. According to the Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting 40 million adults in the United States age 18 and older, or 18.1% of the population every year.
Reasons to Purchase This Report
• Current and future of Opoponax Extract Resinoid Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Opoponax Extract Resinoid Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Opoponax Extract Resinoid Industry Impact
Chapter 2 Global Opoponax Extract Resinoid Competition by Types, Applications, and Top Regions and Countries
2.1 Global Opoponax Extract Resinoid (Volume and Value) by Type
2.3 Global Opoponax Extract Resinoid (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Opoponax Extract Resinoid Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Opoponax Extract Resinoid Market Analysis
Chapter 6 East Asia Opoponax Extract Resinoid Market Analysis
Chapter 7 Europe Opoponax Extract Resinoid Market Analysis
Chapter 8 South Asia Opoponax Extract Resinoid Market Analysis
Chapter 9 Southeast Asia Opoponax Extract Resinoid Market Analysis
Chapter 10 Middle East Opoponax Extract Resinoid Market Analysis
Chapter 11 Africa Opoponax Extract Resinoid Market Analysis
Chapter 12 Oceania Opoponax Extract Resinoid Market Analysis
Chapter 13 South America Opoponax Extract Resinoid Market Analysis
Chapter 14 Company Profiles and Key Figures in Opoponax Extract Resinoid Business
Chapter 15 Global Opoponax Extract Resinoid Market Forecast (2021-2027)
Chapter 16 Conclusions
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