Ginseng Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Ginseng Market is segmented by Type (American Ginseng and Asian Ginseng), by Application (Supplements, Pharma & Healthcare, Cosmetic & Skin Care, Food Additives and Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD1930
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  • Pages : 220
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  • Tables : 85
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  • Formats :

Ginseng Market size was estimated at $xx Million in 2020 and is expected to reach $xx Million by 2027, growing at a CAGR of 10.7% during the forecast period of 2020 to 2027.

Market Definition / Research Scope
Ginseng Market Growth and Trends

The global ginseng market is showing stupendous growth trajectory due to the rising demand for plant based products globally, increased awareness about the health benefits it offers and its high demand in pharmaceutical, food and beverage industries. The major driving factor the ginseng market is increased demand for the health conscious food around the world. It offers numerous health benefits which make it an excellent source of nutrients. Ginseng is also used in various foods and beverages to produce a different type of health conscious food. Its use as a dietary supplement has increased all over the world hence increasing its market globally. Increased awareness among consumers as a result of rising access to information has made people realize the benefits of ginseng. This has also boosted the ginseng market. The rising demand for plant based food has increased the ginseng sales. Using plant based products has become a trend since these products reduce the risk of disease often transmitted through meat products. Also, better safety and health benefits offered by plant based products have positively impacted the demand for ginseng at a global scale. However, ginseng is a slow growing plant that takes four years to fully mature. This slow growth is not able to meet the demand of customers.

Ginseng Market Regional Analysis

The ginseng market is expected to grow considerably around the world due to the rise in demand for products manufactured from ginseng. These products include dietary products and personal care products. This growth is projected to get the market to $11.3 billion mark by the year 2027. Currently, China and South Korea hold the biggest market share of the ginseng market, with Japan, Canada, Germany and the U.S expected to expand their share in the next 7 years. Among the key players contributing to the growth of the ginseng market include Korean Ginseng Corp, Ambe Phytoextracts Pvt Ltd, TCM Adaptogen Warehouse Co, Herbo Nutra, Daedong, Jilin Zixin Pharmaceutical Industrial Co., Ltd, Organika Health Products and Koshiro Co Ltd.

Ginseng Market Share and Competition

Key companies operating in this industry are: ILHWA (China), Starwest Botanicals, Korea Ginseng Corporation (Korea), RFI Ingredients (China), Elemis (US), Jilin Zixin Pharmaceutical Industrial (China), Great Mountain Ginseng (China), Hain Celestial (US), BAYLIS & HARDING (China), Amway (US), Ethical Naturals (US), Glanbia (US), The Boots Company(UK) and NOW Foods (US).

Ginseng Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• American Ginseng
• Asian Ginseng

Application Analysis (Revenue, USD Million, 2020 - 2027)
• Supplements
• Pharma & Healthcare
• Cosmetic & Skin Care
• Food Additives
• Others

Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Ginseng Market Companies
• ILHWA (China)
• Starwest Botanicals
• Korea Ginseng Corporation (Korea)
• RFI Ingredients (China)
• Elemis (US)
• Jilin Zixin Pharmaceutical Industrial (China)
• Great Mountain Ginseng (China)
• Hain Celestial (US)
• BAYLIS & HARDING (China)
• Amway (US)
• Ethical Naturals (US)
• Glanbia (US)
• The Boots Company(UK)
• NOW Foods (US)


Available Versions:-
United States Ginseng Market Research Report
Europe Ginseng Market Research Report
Asia Pacific Ginseng Market Research Report
India Ginseng Market Research Report

 

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