Asian Ginseng Market (Impact of COVID-19) Top Growing Companies: Korea Ginseng Corporation, A.Vogel, Raw Living Limited

The report begins with the overview of the Asian Ginseng Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation. The forecast market information, SWOT analysis, Asian Ginseng market scenario, and feasibility study are the vital aspects analysed in this report.

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The global Asian Ginseng market size is projected to reach US$ 68410 million by 2027, from US$ 56090 million in 2020, at a CAGR of 2.4% during 2021-2027.                                                                   

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Asian Ginseng Market: Korea Ginseng Corporation, A.Vogel, Raw Living Limited, KGEC, HiYoU, Prices incl. VAT

Amid the COVID-19 crisis, the global market for Ginseng estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$12 Billion by 2026, growing at a CAGR of 11.5% over the analysis period. Asian Ginseng, one of the segments analyzed in the report, is projected to grow at a 11% CAGR to reach US$8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the American Ginseng segment is readjusted to a revised 12% CAGR for the next 6-year period. This segment currently accounts for a 40% share of the global Ginseng market. Grown primarily in colder regions of South Korea and North Eastern China, the market for Asian ginseng is expected to benefit from rising demand from pharmaceutical, dietary supplements and cosmetics market. In China, the adoption of regulations enabling use of ginseng inf food products is fueling market growth. American Ginseng segment is likely to record strong gains, as increased demand for this product is demonstrated by all industry domains including food and beverage, healthcare, personal care. American ginseng has calming, antioxidative, anti-inflammatory, and anti-cancer properties.

Global Asian Ginseng Market Split by Product Type and Applications:

Segment by Type
Wild Ginseng
Artificial Planting Ginseng

Segment by Application
Pharma & Healthcare
Cosmetic & Skin Care
Food & Feed Additives

Regional Analysis For Asian Ginseng Market:

The report provides a detailed breakdown of the market region-wise and categorizes it at various levels. Regional segment analysis displaying regional production volume, consumption volume, revenue, and growth rate from 2021-2027 covers: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Influence of the Asian Ginseng Market Report:

-Comprehensive assessment of all opportunities and risk in the Asian Ginseng market.

-Asian Ginseng market recent innovations and major events.

-Detailed study of business strategies for growth of the Asian Ginseng market-leading players.

-Conclusive study about the growth plot of Asian Ginseng market for forthcoming years.

-In-depth understanding of Asian Ginseng market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Asian Ginseng market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Asian Ginseng Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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