Ginseng Market Value Share, Supply Demand, share and Value Chain 2016-2026

monica2016

Ginseng is a perennial plant primarily found in North America and Eastern Asia. It is largely cultivated in China, Bhutan, and Korea. Ginseng has been traditionally used for its therapeutic benefits, and today, it is used as a medicine for improving cognitive function, cancer prevention, and anti-inflammation. Ginseng is widely available in seed and root form.

Global Ginseng

Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

20162026

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Ginseng is a perennial plant primarily found in North America and Eastern Asia. It is largely cultivated in

China, Bhutan, and Korea. Ginseng has been traditionally used for its therapeutic benefits, and today, it is

used as a medicine for improving cognitive function, cancer prevention, and anti-inflammation. Ginseng is

widely available in seed and root form.

Ginseng Market Segmentation

Global ginseng market has been segmented on the basis of form into powder, liquid, and capsules. Among

these, demand for ginseng in powdered form is quite substantial. The growth of this segment is attributed to

rising consumption of ginseng as energy booster. Demand for ginseng in capsule form is also witnessing

steady growth, owing to its application in the pharmaceutical sector.

The global ginseng market is also segmented on the basis of application into personal care, dietary

supplements, food, pharmaceutical, and oral care. Among these, dietary supplements is the leading

application segment in terms of revenues. Dietary supplements is sub-segmented into heart health, weight

loss, sports nutrition, and immune health supplements. The global dietary supplements market was valued

at over US$ 123 billion in 2015, and is poised to increase at 7.4% CAGR through 2025. Demand for ginseng

from the dietary supplements sector will continue to remain strong throughout the forecast period 2016-

2026.

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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.

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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.


Report Description

Ginseng Market: Drivers

Increased consumption of dietary supplements and cosmetics products, which are specially formulated and

contain ginseng as an ingredient is expected to support global demand. Moreover, increasing usage of

ginseng in pharmaceutical products to mitigate the risk of various diseases, such as heart disease, erectile

dysfunction, hepatitis C, fatigue, and high blood pressure is also expected to fuel market growth over the

forecast period.

Ginseng Market: Key Players

Key players operating in the ginseng market includes Amway,The Boots Company PLC, Elemis Ltd, Inovital,RFI

Ingredients, Starwest Botanicals, and Korean Ginseng Export Corporation.

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