Ginseng Market Report by Source and By Region – Global Opportunities & Forecast, 2020-2027

 

Global Ginseng Market

According to the GMI Research report, the Ginseng Market will bolster during the forecast period. The growth of the ginseng market is driven by its exceptional features, which include easy consumption and longer storage. Ginseng acts as an antioxidant and helps minimizing the chances of cancer.

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Introduction of the Ginseng Market

Ginseng is a tiny and sluggishly growing plant with pulpy roots. It includes a fair V-shaped root, and greenish leaves with an oval shape. It is the most prominent herbal medicament, which supports in improving and restoring the comprehensive wellbeing. It helps to boost the energy level, reduce cholesterol levels and blood sugar, and helps to decrease the inflammation in the body.  

Ginseng Market Dynamics

The drastic change in consumer’s choice towards natural and plant-based products as a result of the increasing recognition towards their health benefits has stimulated the growth of the global ginseng market. Also, the surging application of ginseng in the food and beverage industry to cater the accelerating demand for wholesome foods with superior nutritional content will stimulate the market growth. Enormous personal care companies are emphasising on proposing ginseng extracts in their beauty products and personal care items. Thus, this product innovation will help them to meet the altering market demand. For instance, various companies use ginseng as their prime ingredient in several products, such as essences, moisturizers, and cleaners. Ginseng serves as antioxidant to prevent aging, maintain skin stretchiness, and enlarge the lifespan of skin cells. Further, these products help to reduce the risk of disease and thereby maintain the overall health. The rising agitation towards health in consumers has raised the consumption of dietary supplements which is another factor responsible for the market growth. However, the convenient availability of various substitutes of dietary supplement products such as quinoa and chia seeds will restrain the Ginseng Market Share.

Ginseng Market Segmentation:

Segmentation by Source

·        Wild Ginseng

·        Cultivated Ginseng

Segmentation by Form

·        Raw

·        Powder

·        Extract

Segmentation by Variety

·        Oriental Ginseng

·        American Ginseng

·        Siberian Ginseng

·        Others

Segmentation by End-Use

·        Personal Care Products

·        Dietary Supplements

·        Food and Beverage Processing

·        Pharmaceutical Products

Segmentation by Region:

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        North America

o   United States of America

o   Canada

·        RoW

o   UAE

o   Brazil

o   South Africa

o   Saudi Arabia

About GMI Research

GMI Research proffers business discernment and market research reports to assist the clients understand the effect of several dynamics. Our team of experts carry out market intelligence studies to certify fact-based research reaches across every business company.

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