Ginseng Market

Report Description
Personal care and pharmaceutical sector are other key end-use application segments for
ginseng. Personal care segment is further sub-segmented into skin care products and hair
care products. In addition food segment is also sub segmented as tea and chocolate.
On the basis of distribution channel, the ginseng market is segmented into
hypermarket/supermarket, pharmacies/drugstore, health/beauty store, online retailing, and
direct selling. Among these, pharmacies/drugstore account for bulk of ginseng sales,
followed by health/beauty store. The growth of pharmacies/drugstore for ginseng market is
supported by increased usage of ginseng in drugs and cosmetics products.
Ginseng sales are also growing through online retail, owing to increasing internet
penetration and rising consumer preference for convenience purchasing
The ginseng market has been further segmented on the basis of region. North America is
expected to be the major market for ginseng products. Increasing demand of dietary
supplements containing ginseng is expected to drive the market growth across the region.
The U.S. will continue to be the largest market for ginseng in North America.
The ginseng market in Europe is expected to witness steady growth during the forecast
period. Focus on health and wellness is influencing F&B manufacturers to introduce organic
ingredients in their offerings, giving a boost to overall demand for ginseng.
The Asia Pacific ginseng market is dominated by China, which remains a leading producer
and consumer globally as well. Production and export of ginseng has witnessed a steady
growth since China Health Ministry approved its use in food products in 2012.