Ginseng Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_009511
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.05 |
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The Ginseng Market is poised to witness substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.12% between 2022 and 2032. The market's value is anticipated to surge by USD 1,984.76 million during this period. The growth of the ginseng market hinges on various factors, including increasing awareness of natural remedies, growing demand for herbal supplements, and the integration of ginseng into various consumer products. Ginseng, a popular medicinal herb, is known for its potential health benefits, which include boosting energy levels, enhancing cognitive function, and supporting immune health.
Ginseng Market Overview: Drivers One of the primary drivers fueling the growth of the ginseng market is the rising awareness of natural health remedies. Consumers are increasingly seeking alternative and natural ways to address health concerns, leading to a surge in the demand for herbal products like ginseng. The perceived benefits of ginseng, such as its potential to alleviate stress, improve vitality, and enhance overall well-being, have contributed to its growing popularity among health-conscious individuals.
Additionally, the integration of ginseng into various consumer products, ranging from dietary supplements to energy drinks and skincare products, has expanded its reach to a broader audience. As the trend toward holistic health and wellness gains traction, the demand for ginseng-infused products is expected to rise, thereby driving market growth.
Trends The incorporation of ginseng into functional foods and beverages is a notable trend shaping the ginseng market's growth. Manufacturers are exploring innovative ways to introduce ginseng into everyday products, thereby offering consumers convenient ways to incorporate the herb into their daily routines. Ginseng-infused teas, health drinks, and nutritional bars are examples of products that align with consumers' desire for health-enhancing options.
Furthermore, the global shift toward sustainable and plant-based lifestyles has boosted the demand for natural ingredients like ginseng. Consumers are seeking products that align with their values and preferences, driving the integration of ginseng into eco-friendly and ethical product offerings.
Restraints:
Moreover, the increasing demand for ginseng has led to concerns about overharvesting and illegal trade, which can negatively impact the sustainability of ginseng ecosystems. Balancing the demand for ginseng with responsible cultivation and conservation practices remains a critical challenge for the market.
Ginseng Market Segmentation By Application: The dietary supplements segment is projected to experience robust growth during the forecast period. Ginseng is widely recognized for its potential health benefits, making it a popular ingredient in dietary supplements designed to support energy levels, cognitive function, and immune health. As consumers continue to prioritize preventive health measures, the demand for ginseng-infused dietary supplements is expected to drive the growth of this segment.
Ginseng Market Segmentation By Type: The American ginseng segment is expected to contribute significantly to market growth. American ginseng (Panax quinquefolius) is known for its adaptogenic properties and is commonly used in traditional medicine systems. The increasing global demand for natural remedies and the documented benefits of American ginseng are expected to propel the growth of this segment.
Regional Overview:
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In 2020, the COVID-19 pandemic led to disruptions in the ginseng supply chain, impacting both cultivation and distribution. However, as global economies recover and vaccination efforts progress, the market is expected to regain momentum, with increased focus on holistic health solutions.
Ginseng Market Customer Landscape: The ginseng market report includes an analysis of the customer adoption lifecycle, ranging from early adopters to laggards. It examines adoption rates across different regions and offers insights into purchase criteria and price sensitivity, aiding companies in developing effective growth strategies.
Major Ginseng Market Companies: Key market players are implementing diverse strategies such as partnerships, acquisitions, geographical expansion, and new product launches to enhance their market presence.
GinsengTech Inc.: The company offers a range of ginseng-based products, including ginseng supplements, teas, and skincare items.
HerbVital Corporation: HerbVital specializes in premium ginseng extracts and formulations, catering to the growing demand for high-quality herbal products.
GinsengHub International: This company focuses on sustainable ginseng cultivation and offers a variety of ginseng-infused consumer goods.
The competitive landscape of the ginseng market features prominent players such as:
- Nature's Way Brands
- KGC Ginseng Corp.
- NutraGreen Biotechnology Co., Ltd.
- Orkla Health AS
- Starwest Botanicals Inc.
- S.A. Herbal Bioactives LLP
Segment Overview:
Application Outlook (USD Million, 2019 - 2032)
- Dietary Supplements
- Herbal Teas
- Energy Drinks
- Skincare Products
- Others
Type Outlook (USD Million, 2019 - 2032)
- American Ginseng (Panax quinquefolius)
- Asian Ginseng (Panax ginseng)
Geography Outlook (USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
Section 1 American ginseng Product Definition
Section 2 Global American ginseng Market Manufacturer Share and Market Overview
2.1 Global Manufacturer American ginseng Shipments
2.2 Global Manufacturer American ginseng Business Revenue
2.3 Global American ginseng Market Overview
Section 3 Manufacturer American ginseng Business Introduction
3.1 Kangmei pharmaceutical industry American ginseng Business Introduction
3.1.1 Kangmei pharmaceutical industry American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
3.1.2 Kangmei pharmaceutical industry American ginseng Business Distribution by Region
3.1.3 Kangmei pharmaceutical industry Interview Record
3.1.4 Kangmei pharmaceutical industry American ginseng Business Profile
3.1.5 Kangmei pharmaceutical industry American ginseng Product Specification
3.2 Yue Tao Tao American ginseng Business Introduction
3.2.1 Yue Tao Tao American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
3.2.2 Yue Tao Tao American ginseng Business Distribution by Region
3.2.3 Interview Record
3.2.4 Yue Tao Tao American ginseng Business Overview
3.2.5 Yue Tao Tao American ginseng Product Specification
3.3 Heo American ginseng Business Introduction
3.3.1 Heo American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
3.3.2 Heo American ginseng Business Distribution by Region
3.3.3 Interview Record
3.3.4 Heo American ginseng Business Overview
3.3.5 Heo American ginseng Product Specification
3.4 Long Bao Limited by Share Ltd American ginseng Business Introduction
3.5 Yisheng pharmaceutical industry American ginseng Business Introduction
3.6 German business American ginseng Business Introduction
Section 4 Global American ginseng Market Segmentation (Region Level)
4.1 North America Country
4.1.1 United States American ginseng Market Size and Price Analysis 2014-2017
4.1.2 Canada American ginseng Market Size and Price Analysis 2014-2017
4.2 South America Country
4.2.1 South America American ginseng Market Size and Price Analysis 2014-2017
4.3 Asia Country
4.3.1 China American ginseng Market Size and Price Analysis 2014-2017
4.3.2 Japan American ginseng Market Size and Price Analysis 2014-2017
4.3.3 India American ginseng Market Size and Price Analysis 2014-2017
4.3.4 Korea American ginseng Market Size and Price Analysis 2014-2017
4.4 Europe Country
4.4.1 Germany American ginseng Market Size and Price Analysis 2014-2017
4.4.2 UK American ginseng Market Size and Price Analysis 2014-2017
4.4.3 France American ginseng Market Size and Price Analysis 2014-2017
4.4.4 Italy American ginseng Market Size and Price Analysis 2014-2017
4.4.5 Europe American ginseng Market Size and Price Analysis 2014-2017
4.5 Other Country and Region
4.5.1 Middle East American ginseng Market Size and Price Analysis 2014-2017
4.5.2 Africa American ginseng Market Size and Price Analysis 2014-2017
4.5.3 GCC American ginseng Market Size and Price Analysis 2014-2017
4.6 Global American ginseng Market Segmentation (Region Level) Analysis 2014-2017
4.7 Global American ginseng Market Segmentation (Region Level) Analysis
Section 5 Global American ginseng Market Segmentation (Product Type Level)
5.1 Global American ginseng Market Segmentation (Product Type Level) Market Size 2014-2017
5.2 Different American ginseng Product Type Price 2014-2017
5.3 Global American ginseng Market Segmentation (Product Type Level) Analysis
Section 6 Global American ginseng Market Segmentation (Industry Level)
6.1 Global American ginseng Market Segmentation (Industry Level) Market Size 2014-2017
6.2 Different Industry Price 2014-2017
6.3 Global American ginseng Market Segmentation (Industry Level) Analysis
Section 7 Global American ginseng Market Segmentation (Channel Level)
7.1 Global American ginseng Market Segmentation (Channel Level) Sales Volume and Share 2014-2017
7.2 Global American ginseng Market Segmentation (Channel Level) Analysis
Section 8 American ginseng Market Forecast 2018-2022
8.1 American ginseng Segmentation Market Forecast (Region Level)
8.2 American ginseng Segmentation Market Forecast (Product Type Level)
8.3 American ginseng Segmentation Market Forecast (Industry Level)
8.4 American ginseng Segmentation Market Forecast (Channel Level)
Section 9 American ginseng Segmentation Product Type
9.1 Canadian Panax quinquefolium Product Introduction
9.2 Panacis quinquefolii Radix Product Introduction
9.3 Domestic ginseng Product Introduction
Section 10 American ginseng Segmentation Industry
10.1 Fragment / pellet Clients
10.2 Capsule Clients
10.3 Powder Clients
Section 11 American ginseng Cost of Production Analysis
11.1 Raw Material Cost Analysis
11.2 Technology Cost Analysis
11.3 Labor Cost Analysis
11.4 Cost Overview
Section 12 Conclusion
Chart and Figure
Figure American ginseng Product Picture from Kangmei pharmaceutical industry
Chart 2014-2017 Global Manufacturer American ginseng Shipments (Units)
Chart 2014-2017 Global Manufacturer American ginseng Shipments Share
Chart 2014-2017 Global Manufacturer American ginseng Business Revenue (Million USD)
Chart 2014-2017 Global Manufacturer American ginseng Business Revenue Share
Chart Kangmei pharmaceutical industry American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
Chart Kangmei pharmaceutical industry American ginseng Business Distribution
Chart Kangmei pharmaceutical industry Interview Record (Partly)
Figure Kangmei pharmaceutical industry American ginseng Product Picture
Chart Kangmei pharmaceutical industry American ginseng Business Profile
Table Kangmei pharmaceutical industry American ginseng Product Specification
Chart Yue Tao Tao American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
Chart Yue Tao Tao American ginseng Business Distribution
Chart Yue Tao Tao Interview Record (Partly)
Figure Yue Tao Tao American ginseng Product Picture
Chart Yue Tao Tao American ginseng Business Overview
Table Yue Tao Tao American ginseng Product Specification
Chart Heo American ginseng Shipments, Price, Revenue and Gross profit 2014-2017
Chart Heo American ginseng Business Distribution
Chart Heo Interview Record (Partly)
Figure Heo American ginseng Product Picture
Chart Heo American ginseng Business Overview
Table Heo American ginseng Product Specification
Chart United States American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart United States American ginseng Sales Price ($/Unit) 2014-2017
Chart Canada American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Canada American ginseng Sales Price ($/Unit) 2014-2017
Chart South America American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart South America American ginseng Sales Price ($/Unit) 2014-2017
Chart China American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart China American ginseng Sales Price ($/Unit) 2014-2017
Chart Japan American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Japan American ginseng Sales Price ($/Unit) 2014-2017
Chart India American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart India American ginseng Sales Price ($/Unit) 2014-2017
Chart Korea American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Korea American ginseng Sales Price ($/Unit) 2014-2017
Chart Germany American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Germany American ginseng Sales Price ($/Unit) 2014-2017
Chart UK American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart UK American ginseng Sales Price ($/Unit) 2014-2017
Chart France American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart France American ginseng Sales Price ($/Unit) 2014-2017
Chart Italy American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Italy American ginseng Sales Price ($/Unit) 2014-2017
Chart Europe American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Europe American ginseng Sales Price ($/Unit) 2014-2017
Chart Middle East American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Middle East American ginseng Sales Price ($/Unit) 2014-2017
Chart Africa American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Africa American ginseng Sales Price ($/Unit) 2014-2017
Chart GCC American ginseng Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart GCC American ginseng Sales Price ($/Unit) 2014-2017
Chart Global American ginseng Market Segmentation (Region Level) Sales Volume 2014-2017
Chart Global American ginseng Market Segmentation (Region Level) Market size 2014-2017
Chart American ginseng Market Segmentation (Product Type Level) Volume (Units) 2014-2017
Chart American ginseng Market Segmentation (Product Type Level) Market Size (Million $) 2014-2017
Chart Different American ginseng Product Type Price ($/Unit) 2014-2017
Chart American ginseng Market Segmentation (Industry Level) Market Size (Volume) 2014-2017
Chart American ginseng Market Segmentation (Industry Level) Market Size (Share) 2014-2017
Chart American ginseng Market Segmentation (Industry Level) Market Size (Value) 2014-2017
Chart Global American ginseng Market Segmentation (Channel Level) Sales Volume (Units) 2014-2017
Chart Global American ginseng Market Segmentation (Channel Level) Share 2014-2017
Chart American ginseng Segmentation Market Forecast (Region Level) 2018-2022
Chart American ginseng Segmentation Market Forecast (Product Type Level) 2018-2022
Chart American ginseng Segmentation Market Forecast (Industry Level) 2018-2022
Chart American ginseng Segmentation Market Forecast (Channel Level) 2018-2022
Chart Canadian Panax quinquefolium Product Figure
Chart Canadian Panax quinquefolium Product Advantage and Disadvantage Comparison
Chart Panacis quinquefolii Radix Product Figure
Chart Panacis quinquefolii Radix Product Advantage and Disadvantage Comparison
Chart Domestic ginseng Product Figure
Chart Domestic ginseng Product Advantage and Disadvantage Comparison
Chart Fragment / pellet Clients
Chart Capsule Clients
Chart Powder Clients
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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