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Ginseng Market

The increasing demand for plant-based products across the globe and the rising health awareness among consumers in terms of consumption of dietary supplements are the key factors propelling the growth of the global ginseng market.

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Ginseng Market

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  1. Ginseng Market Ginseng Market by Source (Wild Ginseng and Cultivated Ginseng), By Form (Raw, Powder, and Extract), By Variety (Oriental Ginseng, American Ginseng, Siberian Ginseng, and Others), By End-Use (Personal Care Supplements, Food, Processing, and Pharmaceutical Products), By Region – Global Opportunities & Forecast, 2020-2027 Products, and Dietary Beverage GMI Research GMI Research See the Future Insights 1

  2. The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study. Key Drivers of the Ginseng Market: The increasing demand for plant-based products across the globe and the rising health awareness among consumers in terms of consumption of dietary supplements are the key factors propelling the growth of the global ginseng market. The consumer’s preference has drastically changed towards adopting organic plant-based products due to the growing awareness associated with the benefits provided by these products, such as reducing the chances of diseases and maintaining overall health. Several personal care organizations aim to launch ginseng extracts in their personal care and beauty product portfolios to capture the shifting demand of the customers. For example, a large number of companies are using ginseng as a key ingredient in different products, including essences, moisturizers, cleaners, and other skincare products. Ginseng acts as an antioxidant that maintains the skin elasticity, prevents aging, and increases the lifespan of skin cells. The increasing usage of ginseng in the food and beverage sector in response to the expanding demand for healthier food products with enhanced nutritional value will increase the demand of the market. On the other edge of the spectrum, the easy availability of substitutes dietary supplements products such as chia seeds and quinoa will hinder the growth of the market during the forecast period. This report splits the Ginseng Market as follows: By Source: •Wild Ginseng •Cultivated Ginseng By Form: 2

  3. •Raw •Powder •Extract By Variety: •Oriental Ginseng •American Ginseng •Siberian Ginseng •Others By End-Use: •Personal Care Products •Dietary Supplements •Food and Beverage Processing •Pharmaceutical Products By Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia 3

  4. oUAE oRest of the world (remaining countries of the LAMEA region) Competitive Landscape: The ginseng market report also scans the competitive landscape and profiles the major players operating in the market, including Organika Health Products, Inc., Korean Ginseng Corp., RFI Ingredients, Koshiro Company Limited, Ilhwa USA, Inc., Daedong Korea Ginseng Co., Ltd., Ningbo Gianon Biotech Co., Ltd., Shanghai FanPharma Co., Ltd, TCM Adaptogen Warehouse Co., Limited, Sino-Nature International Co., Ltd., and Ambe Phytoextracts Pvt Ltd., among others. About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 4

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