Peony is a flowering plant in the Paeonia genus; it is grown in Europe. Flower colors include pink, red, white, and yellow, the plants grow 18 inches to 3 feet tall. These flowers may take up to 3 years to mature, however, fail to perform well in hot summer climates. Peonies provide useful medicinal products and attractive ornamental flowers. The root of Paeonia has been used for years in medicinal systems like Unani, Ayurveda, and homeopathy. The peony root is being used to treat fungal infections, wounds, and pains of the body. It is a medicinal ingredient used in the treatment of various diseases like hepatitis, jaundice, liver problem, kidney stone disease, migraine, tumors, and many more.

Market scope and structure analysis:

COVID-19 Scenario Analysis: 

• COVID-19 is an ongoing pandemic
• Unani Medicine is very helpful in preventing epidemic diseases as it is made from natural herbs and minerals
• It helps to boost the immune system
• This surges the demand for Paeonia during quarantine

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Paeonia species such as Paeonia lactiflora, Paeonia radix, and Paeonia suffruticosa are widely used in the treatment of traditional and Chinese medicines. Peony could block the body's produced chemicals which can cause muscle cramps. It can also prevent the blood from coagulating and act as an antioxidant. The root was used medicinally for epilepsy treatment and to promote menstruation. Peony is used to treat the women health problems like menstrual cramps, a hormonal disorder that causes enlarged ovaries (polycystic ovary syndrome or PCOS), cracked skin healing, and many other conditions. Consuming peony could make the menstrual cycle more regular, improve quality of life, and reduce body weight.

Side Effects of consuming Paeonia 

Paeonia is unsafe for the ladies throughout pregnancy and breastfeeding. It is safe for the kids up to 12 months. Peony slows blood coagulation; there is concern that it may increase the risk of bleeding in people with bleeding disorders. This hampers the growth of the market.

Key Segments Covered:

Key Benefits of the Report:

• This study presents the analytical depiction of the Paeonia industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Paeonia market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Paeonia market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed Paeonia market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Paeonia Market Research Report:

• What are the leading market players active in the Paeonia market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?