Ginseng Market Research Report

 

Ginseng Market

The Ginseng market is increasing at a significant rate during the forecast period (2020-2027). According to the market research, the increasing awareness among consumers in terms of consumption of dietary supplements and the strong demand for plant-based products are the two major factors that are surging the market growth.

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Ginseng is defined as a small, slow-growing plant with fleshly roots. It has a light-colored, forked-shaped root and green leaves and is oval in shape. Ginseng is considered one of the most popular herbal remedies, which restore and help in improving the overall wellbeing. It boosts the energy level, reduced blood sugar and cholesterol levels, and is widely used to decrease inflammation in the body. They are usually cultivated in Asian countries such as China and South Korea.

Ginseng Market Information:

The strong demand for plant-based products followed by the increasing health awareness among the consumer in terms of consumption of dietary supplements are some of the major factors that are contributing to the growth of the market. The individual's preference has significantly shifted towards the adoption of organic plant-based products driven by the increasing awareness related to the exceptional advantages provided by these products, such as eliminating the chances of diseases and helps in improving the overall health.

Numerous personal care organizations are emphasizing on launching ginseng extracts in their personal care and beauty product portfolios to meet the surging demand of the customers. For example, many companies are using ginseng as their main ingredient in different types of products, such as moisturizers, essences, cleaners, and other skincare products. Ginseng is an antioxidant that reduces the signs of aging, maintains the elasticity of the skin, and increases the lifespan of skin cells.

The growing usage of ginseng in the food and beverage sector due to the increasing demand for healthier food products with better nutritional value will positively influence market growth. The North America Ginseng market is witnessing strong demand due to the increasing demand for nutrition and dietary supplements containing American ginseng among the target consumers. On the other edge, the easy availability of alternative dietary supplement products such as chia seeds and quinoa is likely to hinder the market growth.

Key Players of the Ginseng Market:

·        Organika Health Products, Inc.

·        Ilhwa USA, Inc.

·        Korean Ginseng Corp.

·        RFI Ingredients,

·        Koshiro Company Limited

·        Daedong Korea Ginseng Co., Ltd.

·        Ningbo Gianon Biotech Co., Ltd.

·        Sino-Nature International Co., Ltd.

·        Shanghai FanPharma Co., Ltd

·        TCM Adaptogen Warehouse Co., Limited

·        Ambe Phytoextracts Pvt Ltd.

Market Segmentation:

Ginseng Market Report Segment by Source:

·        Wild Ginseng

·        Cultivated Ginseng

Ginseng Market Report Segment by Form:

·        Raw

·        Powder

·        Extract

Ginseng Market Report Segment by Variety:

·        Oriental Ginseng

·        American Ginseng

·        Siberian Ginseng

·        Others

Ginseng Market Report Segment by End-use:

·        Personal Care Products

·        Dietary Supplements

·        Food and Beverage Processing

·        Pharmaceutical Products

Ginseng Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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