Korean Red Ginseng Market Size, Share, Growth Insights and Report 2024-2031 | Auragin, Solgar Inc, aSquared Brands LLC

DataM Intelligence has released a new research report on the Korean Red Ginseng 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.

Korean Red Ginseng Market reached US$ 754.12 million in 2023 and is expected to reach US$ 1256.86 million by 2031, growing with a CAGR of 5.1% during the forecast period 2024-2031.

Get a Free Sample Research PDF - https://datamintelligence.com/download-sample/korean-red-ginseng-market

Red Ginseng is a type of ginseng derived from the root of the Panax ginseng plant that has been steamed and dried, giving it a reddish color. Known for its traditional use in Asian medicine, red ginseng is believed to offer various health benefits, including boosting energy, enhancing immune function, reducing stress, and improving cognitive performance. It is also thought to possess antioxidant properties and may help improve circulation and support sexual health. Red ginseng is commonly consumed in the form of capsules, powders, teas, or extracts. While many people use it as a natural remedy for various ailments, scientific research on its efficacy and safety is ongoing, and it is advisable to consult healthcare professionals before using it as a supplement.

List of the Key Players in the Korean Red Ginseng Market: Daedong Korea Ginseng Co., Ltd., Korea Ginseng Bio-Science, KT&G Corp, The Himalayan Organics, Auragin, Solgar Inc., aSquared Brands, LLC, Swanson Vitamins, and Prominent Nutrition.

Key Developments:

On March 14, 2024, Korea Ginseng Corporation (KGC)-)-owned brand Cheong Kwan Jang announced a strategic broadening of its red ginseng snacks portfolio to capture the interest of young consumers amidst a burgeoning retro trend.

On March 8, 2022, Korea Ginseng Corporation (KGC), recognized as the leading ginseng brand globally, introduced its KORESELECT product line to the U.S. market. The premium supplements, exclusively featuring six-year-grown red ginseng, are being showcased at the Natural Products Expo West 2022. The KORESELECT range offers plant-based products that harness the time-tested benefits of red ginseng, providing a natural solution for essential aspects of health and wellness.

Research Process:

Both primary and secondary data sources have been used in the global Korean Red Ginseng 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 Red Ginseng Market:

By Form (Capsule, Powder, Liquid, Others)

By Application (Immune System, Diabetes, Heart Health, Impotence, Others)

By Distribution Channel (Online, Offline)

Get Customization in the report as per your requirements: https://datamintelligence.com/customize/korean-red-ginseng-market

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 Red Ginseng market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Korean Red Ginseng 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 Red Ginseng 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 Red Ginseng 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.

Have any Query? Talk to our Expert @ https://www.datamintelligence.com/enquiry/korean-red-ginseng-market

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 Red Ginseng 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 Red Ginseng 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 Red Ginseng market?

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

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.