Ginseng Industry Status 2021 - 2026, Top Venders - Organika Health Products, Inc., Ilhwa Co. Ltd., Korean Ginseng Corp. etc.

Ginseng Market 2021

Ginseng is a naturally occurring root predominantly used in medicines. It is widely found in North America and the eastern parts of Asia. Demand for ginseng is likely to grow considerably in tandem with the rising consumption of products processed from ginseng, such as personal care products and dietary supplements, among others. Ginseng provides an array of health benefits and is hence used in healthcare and pharmaceutical products. It is also used as an ingredient in a diverse range of food and beverage products. Ginseng products are relatively high priced as compared to other processed goods made from organic herbs. As a result, a significant share of the demand stems from consumers in developed countries with high purchasing power parity.

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The Major Manufacturers Covered in this Report:
Organika Health Products, Inc., Ilhwa Co. Ltd., Korean Ginseng Corp., RFI Ingredients, Inc, Koshiro Co Ltd., Daedong Korea Ginseng Co., Ltd., Ningbo Gianon Biotech Co., Ltd., Sino-Nature International Co., Ltd., Shanghai FanPharma Co., Ltd, TCM Adaptogen Warehouse Co., Limited, Ambe Phytoextracts Pvt Ltd., Navchetana Kendra, Xi'an Day Natural Inc., Euromed S.A., Buddha's Herbs, Acetar Bio-Tech Inc., and Herbo Nutra. Prominent players are likely to form partnerships with end-user companies and pursue a forward integration strategy to secure uninterrupted supply for end-users and expand their market reach by way of supplier agreements. 

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Source

Wild
Wild simulated ginseng
Wild ginseng
Cultivated
Field cultivated
Woods cultivated

By End-Product

Powder
Tablet
Beverages
Others

By End-Use

Personal care products
Dietary supplements
Food and beverage processing
Pet food
Pharmaceuticals products

By Variety

Korean ginseng
American ginseng
Siberian ginseng
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Pets – The Secret Behind Ginseng’s Profitability?

Animal adoption is gaining traction around the world, with more and more people bringing pets home. Ginseng, a supplement, especially for cats and dogs, improves immunity and reduces the threat of contracting certain diseases in animals. Growth in the demand for dog/cat food, which was valued at around USD 12,400 million in 2017, is likely to lead to a hike in the growth of this market in the years to come. On the basis of variety, the market is segmented as American ginseng, Siberian ginseng, Korean ginseng, and others. Among these, Korean ginseng is expected to dominate the market.

Ginseng has been traditionally used in Chinese medicines in the form of extract or powder. It is also proven to offer a significant number of health benefits and, thus, used in healthcare and pharmaceutical products. The market is likely to witness considerable growth from industries involved in catering to the food and beverage sector. Ginseng also has antioxidant and anti-inflammatory characteristics, which help in boosting the immune system while reducing the risk of microbe infection and viruses. In addition to this, it has also been found to decrease the risk related to some cancer types.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Ginseng Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Ginseng Market sub-markets, depending on key regions (various vital states).
To analyze the Global Ginseng Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Ginseng Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Ginseng Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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