White peony

      White peony, belonging to the family Ranunculaceae and the genus Paeonia. White peony has a thick root and is one of the commonly used medicinal herbs in traditional Chinese medicine, with the most famous being produced in Bozhou, Anhui, China. As a traditional Chinese medicine raw material, the advancement of technology and the diversification of market demand have led to the continuous expansion of its application fields.

Market dynamics of white paeony

      In the past few years, affected by market prices, farmers have reduced the planting area of white peony. However, after the fluctuation of supply and demand, the price of paeony gradually rose.

      In the long run, the recovery period of white peony production requires a certain amount of time (the normal growth cycle of white peony is 4-5 years), but the continuous increase in prices has stimulated the early harvesting of some white peonies with insufficient growth years, which may consume future production capacity to a certain extent. It is expected that in 2024, the excavated area will continue to decrease and the output will decrease.

Application areas of white paeony

      In recent years, white paeony market has ushered in new opportunities for development. On the one hand, the demand for white paeony in the field of traditional medicine continues to be stable. On the other hand, the rise of health care products, cosmetics and functional food industries has opened a new market space for white paeony.

      1. Traditional medicine: In the field of traditional Chinese medicine, white paeony is often combined with other medicinal materials for the treatment of diseases.

      2. Food health care: White paeony contains a variety of active ingredients that are beneficial to health and are often added to health care products.

      3. Daily chemicals: White paeony has antioxidant and anti-inflammatory properties and is often used in skin care products and cosmetics.

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