American Ginseng Market - A Well-Defined Industry Growth Map with an Impact Analysis

American ginseng is a perennial herb that mostly grows in North America. Over the years, its use as an immune booster and health enhancer has surged, which has provided the market players with lucrative growth opportunities. In a recent study, Transparency Market Research (TMR) studies various factors driving the global American ginseng market. The report is titled “American Ginseng Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” and it offers a holistic overview of the potential opportunities and threats for the market players. As per TMR, due to American ginseng’s high nutritional and therapeutic values, it will be
increasingly used in neutraceuticals, dietary supplements, and medicines.

Overall, the market will continue exhibiting growth at a positive pace. TMR expects the consumption of dietary supplements containing American ginseng to rise. Furthermore, its use in herbal tea and health drinks will underpin growth in the American ginseng market in the coming years. Besides these, the rising use in pharmaceutical products to risks commonly associated with health concerns such as high blood pressure, fatigue, heart diseases, erectile dysfunction, and others will boost the global market in the near future.

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Increased consumption of dietary supplements which contain American ginseng as an ingredient is expected to drive the global market demand. American ginseng used in health drinks and herbal tea drive an increase in demand for the global market. However, an increased usage of American ginseng in pharmaceutical products to dissolve the risk of various health related issues include stress, fatigue, heart disease, erectile dysfunction, and high blood pressure is also expected to fuel market growth over the forecast period.

Recent studies reveal American ginseng offers relief from cold and flu. Increasing awareness regarding this has fuelled the demand for American ginseng around the world. The global American ginseng market is functioning as it was for the past several years, that is, on the fuel of products exported. Experts suggest that the market is complex and multivariate, which is influenced by diverse factors, ranging from federal to international laws, cultivation practices, and conservative barriers, to global economic condition. Therefore, regulatory or economic changes are likely to bare influence on the global American ginseng market.

For the purpose of the study, the global American ginseng market is segmented on the basis of various criteria. In terms of product form, the market can be classified into liquid, capsule, and powder. Of these, the demand for powder form has significantly risen over the last few years. Furthermore, the powder segment is likely to show steady growth through the course of the report’s forecast period. Based on application, the global American ginseng market is segmented into dental oral care, personal case, food and beverages, and dietary supplements. Among these, dietary supplements accounted for the largest share in the market and is expected to remain dominant through the course of the report’s forecast period.

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Regionally, the global American ginseng market covers Asia Pacific and Japan, Europe, Latin America, North America, and the Middle East and Africa. Among these regions, North America held dominance in the global market. The rising demand for dietary supplements and better nutrition in food products is forecast to fuel the demand for American ginseng in North America. Furthermore, regulations implemented by governments to promote trade in the market will enable the American ginseng market exhibit a steady growth in the region.

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This release was published on openPR.