This paper proposes a Panax notoginseng (P. notoginseng) quantitative analysis based on terahertz time-domain spectroscopy and two-dimensional correlation spectroscopy (2DCOS). By imposing temperature perturbation combined with 2DCOS, the one-dimensional absorbance spectra were transformed into 2DCOS synchronous spectra, which reflected the differences in characteristic information between different P. notoginseng contents more clearly. Then, the feature information of P. notoginseng contents was extracted from the 2DCOS synchronous spectra by a competitive adaptive reweighted sampling (CARS) method and was used to build a quantitative model combined with a support vector regression machine (SVR), called 2DCOS-CARS-SVR. We obtained a more accurate analysis result than the commonly used principal component analysis (PCA)-partial least squares regression (PLSR) and PCA-SVR. The prediction set correlation coefficient and root mean square error reached 0.9915% and 0.8160%, respectively.