Title: Ginseng Market
1Ginseng MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Ginseng Market size is estimated at 5.9 billion
in 2020, projected to grow at a CAGR of 4.2
during the forecast period 2021-2026. Ginseng is
used to describe eleven different types of small,
slow-growing plants with fleshy roots.
Furthermore, ginseng roots are known to contain
high levels of bioactive compounds such as
salicylic acid, phenolic acids maltol, p-coumaric
acid, and vanillic acid. - Consumer acceptance of Asian and oriental
flavours, as well as demand for Chinese herbal
treatment, are propelling the Ginseng market
forward. There are a variety of herbs in this
category, but the most prevalent are American
ginseng and Asian ginseng.
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- Key Takeaways
- The rise in popularity of veganism around the
world, owing to a shift in consumer preferences
toward healthier, more natural products continue
to fuel the Ginseng industry's expansion. - Geographically, Asia-Pacific Ginseng Market held
the largest revenue share of 38 in 2020 to
higher consumption and production of Ginseng and
its bioactive compound products in the region. - The Ginseng Industry is expanding owing to
upsurge in health consciousness amongst consumers
and rising awareness about healthy habits.
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By Distribution Channel- Segment Analysis Based
on Form, Powder Ginseng Segment accounted for the
largest revenue market share in 2020 as powders
are easy to handle in the form of food and are
highly preservable so it is anticipated to
promote product demand. Furthermore, since powder
forms of items have a low water content, they
have a longer shelf life and are more
preservable. Furthermore, even though powder
foods contain little water, some microbes, such
as molds and xerophilic yeasts, can thrive in dry
environments due to bioactive compounds such as
salicylic acid, phenolic acids.
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- Ginseng Market Industry Outlook
- Rainey Ginseng Farms Ltd,
- KOSHIRO COMPANY LIMITED,
- Nature Essential,
- Inovital,
- Organika Health Products Inc.,
- Korea Ginseng Corp,
- DADONG ginseng KOREA CO, LTD.,
- Ningbo Gianon Biotech Co., Ltd and
- Elmis Ltd.
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Ginseng Market - Forecast(2022 - 2027) Learn
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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