Ginseng Market
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<strong>Ginseng</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016-2026<br />
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Report Description<br />
<strong>Ginseng</strong> is a perennial plant primarily found in North America and Eastern Asia. It is largely<br />
cultivated in China, Bhutan, and Korea. <strong>Ginseng</strong> has been traditionally used for its<br />
therapeutic benefits, and today, it is used as a medicine for improving cognitive function,<br />
cancer prevention, and anti-inflammation. <strong>Ginseng</strong> is widely available in seed and root form.<br />
<strong>Ginseng</strong> <strong>Market</strong> Segmentation<br />
Global ginseng market has been segmented on the basis of form into powder, liquid, and<br />
capsules. Among these, demand for ginseng in powdered form is quite substantial. The<br />
growth of this segment is attributed to rising consumption of ginseng as energy booster.<br />
Demand for ginseng in capsule form is also witnessing steady growth, owing to its application<br />
in the pharmaceutical sector.<br />
The global ginseng market is also segmented on the basis of application into personal care,<br />
dietary supplements, food, pharmaceutical, and oral care. Among these, dietary supplements<br />
is the leading application segment in terms of revenues. Dietary supplements is subsegmented<br />
into heart health, weight loss, sports nutrition, and immune health supplements.<br />
The global dietary supplements market was valued at over US$ 123 billion in 2015, and is<br />
poised to increase at 7.4% CAGR through 2025. Demand for ginseng from the dietary<br />
supplements sector will continue to remain strong throughout the forecast period 2016-<br />
2026.<br />
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Report Description<br />
Personal care and pharmaceutical sector are other key end-use application segments for<br />
ginseng. Personal care segment is further sub-segmented into skin care products and hair<br />
care products. In addition food segment is also sub segmented as tea and chocolate.<br />
On the basis of distribution channel, the ginseng market is segmented into<br />
hypermarket/supermarket, pharmacies/drugstore, health/beauty store, online retailing, and<br />
direct selling. Among these, pharmacies/drugstore account for bulk of ginseng sales,<br />
followed by health/beauty store. The growth of pharmacies/drugstore for ginseng market is<br />
supported by increased usage of ginseng in drugs and cosmetics products.<br />
<strong>Ginseng</strong> sales are also growing through online retail, owing to increasing internet<br />
penetration and rising consumer preference for convenience purchasing<br />
The ginseng market has been further segmented on the basis of region. North America is<br />
expected to be the major market for ginseng products. Increasing demand of dietary<br />
supplements containing ginseng is expected to drive the market growth across the region.<br />
The U.S. will continue to be the largest market for ginseng in North America.<br />
The ginseng market in Europe is expected to witness steady growth during the forecast<br />
period. Focus on health and wellness is influencing F&B manufacturers to introduce organic<br />
ingredients in their offerings, giving a boost to overall demand for ginseng.<br />
The Asia Pacific ginseng market is dominated by China, which remains a leading producer<br />
and consumer globally as well. Production and export of ginseng has witnessed a steady<br />
growth since China Health Ministry approved its use in food products in 2012.
Report Description<br />
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<strong>Ginseng</strong> <strong>Market</strong>: Drivers<br />
Increased consumption of dietary supplements and cosmetics products, which are specially<br />
formulated and contain ginseng as an ingredient is expected to support global demand.<br />
Moreover, increasing usage of ginseng in pharmaceutical products to mitigate the risk of<br />
various diseases, such as heart disease, erectile dysfunction, hepatitis C, fatigue, and high<br />
blood pressure is also expected to fuel market growth over the forecast period.<br />
<strong>Ginseng</strong> <strong>Market</strong>: Key Players<br />
Key players operating in the ginseng market includes Amway,The Boots Company PLC, Elemis<br />
Ltd, Inovital,RFI Ingredients, Starwest Botanicals, and Korean <strong>Ginseng</strong> Export Corporation.
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