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The global Food & Pharmaceutical Peony market was valued at US$ 82 million in 2022 and is projected to reach US$ 104.3 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The peony is a flowering plant in the genus paeonia. The country-of-origin of peony is from China. Now, peony is transplanted into many countries, such as Japan, Korea, USA, Europe and other countries, especially ornamental peony. Ornamental peony is generally not considered to not have food and pharmaceutical value. Peony comes in many varieties: paeonia decomposita, paeonia abchasica, paeonia anomala, paeonia ostii, paeonia rockii, etc. Many of them are ornamental peony not paeonia ostii, paeonia rockii. Paeonia ostii and paeonia rockii have a lot of food and pharmaceutical value. Their seeds and flower can be used to extract the oil and their roots can be used to extract paeonol. Besides that, the extract of leaf and stem also has food and pharmaceutical value. In a word, the extract of paeonia ostia and paeonia rockii has food and pharmaceutical value.
This report aims to provide a comprehensive presentation of the global market for Food & Pharmaceutical Peony, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Food & Pharmaceutical Peony. This report contains market size and forecasts of Food & Pharmaceutical Peony in global, including the following market information:

• Global Food & Pharmaceutical Peony Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global top five companies in 2022 (%)

Global Food Pharmaceutical Peony key players include Klorane, Martin Bauer Group, Naolys, Active Organics, Naturex, etc. Global top five players hold a share about 25%.
China is the largest market, with a share about 30%, followed by France and America, having a total share about 35 percent.
In terms of product, the segment includes Paeonia Ostii, Paeonia Rockii. And in terms of application, the largest application is Pharmaceutical Industry, followed by Food Industry.
We surveyed the Food & Pharmaceutical Peony companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Food & Pharmaceutical Peony Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Food & Pharmaceutical Peony Market Segment Percentages, by Type, 2022 (%)

• Peony Root-Bark Extract
• Peony Seed Oil
• Peony Essence
• Other

Global Food & Pharmaceutical Peony Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Food & Pharmaceutical Peony Market Segment Percentages, by Application, 2022 (%)

• Food Industry
• Pharmaceutical Industry

Global Food & Pharmaceutical Peony Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Food & Pharmaceutical Peony Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Food & Pharmaceutical Peony revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Food & Pharmaceutical Peony revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Peony Love
• Ruipu mudan
• Henan Xiangyue
• Weizhen Guose Agriculture
• Gansu Wanlinxiqi
• Anhui Chinature
• Klorane
• Martin Bauer Group
• Naolys
• Active Organics
• Naturex
• Aunutra
• Nelsons Natural World
• Anhui Fengyang Phytochemistry
• Xi'an Changyue Phytochemistry
• Pioneer Herb
• Xi'an Shenyuan
• Novoherb
• King-Stone
• Nutra Green

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Food & Pharmaceutical Peony, market overview.
• Chapter 2: Global Food & Pharmaceutical Peony market size in revenue.
• Chapter 3: Detailed analysis of Food & Pharmaceutical Peony company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Food & Pharmaceutical Peony in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: The main points and conclusions of the report.