Korean And Japanese Ginseng Tea Market Ready to Rise Sharply On Superior Sales and Growth 2024-2031 | Korea Ginseng Corporation, KGE Co.Ltd., Sancha Tea.

DataM Intelligence has released a new research report on the Korean And Japanese Ginseng Tea market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Korean & Japanese Ginseng Tea Market reached US$ 350.12 million in 2023 and is expected to reach US$ 490.33 million by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

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The Korean and Japanese ginseng tea market encompasses the production, distribution, and consumption of ginseng tea derived from Panax ginseng (Korean ginseng) and Panax notoginseng (Japanese ginseng). Known for their health benefits, including boosting energy, enhancing immunity, and reducing stress, ginseng teas are popular among health-conscious consumers seeking natural remedies.

List of the Key Players in the Korean And Japanese Ginseng Tea Market:

Korea Ginseng Corporation, KGE Co.Ltd., Sancha Tea, Hawaii Coffee Company, Wing Joo Loong, Dae Han Corporation, Portal Tea Company, Wallbox Chargers, S.L., Shiate, The Indian Chai.

Key Developments:

In March 2020, National Food and Beverage, a leading importer of Korean and Japanese fast-moving consumer goods (FMCG), introduced Japanese barley tea and ginseng tea. This tea, designed to be enjoyed hot, harnesses the benefits of pure Korean ginseng, which is believed to enhance the immune system by detoxifying the body and facilitating the absorption of essential nutrients.

In November 2023, Danurim, a producer based in Daejeon known for processed ginseng foods, launched its Black Ginseng Tea Total Infusion, a red ginseng product designed to retain all beneficial properties without losing saponins. This launch is part of the company's strategy to expand into international markets.

Additionally, in November 2020, young entrepreneurs Sathingla Shokwungnao, Agrippa Jagoi, and Machu Kora Zimik opened the first-ever SAM Tea House in Phungreitang, Ukhrul. This tea house offers a diverse selection of teas tailored for various moods and occasions, featuring options like Matcha, Korean Ginseng, and organic Blue Tea for stress relief.

Research Process:

Both primary and secondary data sources have been used in the global Korean And Japanese Ginseng Tea Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Korean And Japanese Ginseng Tea Market:

By Product: Pure Ginseng Tea, Ginseng Blends.

By Type: Korean Red Ginseng Type, Japanese Ginseng Type.

By Form: Loose Leaf Tea, Tea Bags.

By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Retailers, Others.

By End User: Household Consumers, Food Service Industry, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Korean And Japanese Ginseng Tea market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Korean And Japanese Ginseng Tea Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Korean And Japanese Ginseng Tea market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Korean And Japanese Ginseng Tea Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Korean And Japanese Ginseng Tea market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Korean And Japanese Ginseng Tea market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Korean And Japanese Ginseng Tea market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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