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