Ginseng - Global Strategic Business Report

The global market for Ginseng is estimated at US$9.1 Billion in 2023 and is projected to reach US$17.9 Billion by 2030, growing at a CAGR of 10.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the ginseng market is driven by several factors, including advancements in cultivation and extraction technologies, which have improved the yield and quality of ginseng products. Innovations in biotechnology and agricultural practices have enabled more efficient and sustainable ginseng farming, addressing issues like pest control and soil health. Additionally, the rising demand for functional foods and beverages, spurred by health-conscious consumers seeking natural alternatives, has significantly contributed to market expansion. The increasing prevalence of chronic diseases and the aging population have also played a crucial role, as more individuals turn to ginseng for its potential therapeutic benefits. Furthermore, effective marketing strategies and collaborations between ginseng producers and pharmaceutical companies have enhanced product visibility and credibility, fostering consumer trust and driving sales. The integration of ginseng into mainstream healthcare and wellness practices continues to bolster its market presence, ensuring steady growth and development in the years to come.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Asian Ginseng segment, which is expected to reach US$11.2 Billion by 2030 with a CAGR of a 10.0%. The American Ginseng segment is also set to grow at 10.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $464.6 Million in 2023, and China, forecasted to grow at an impressive 12.0% CAGR to reach $6.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Ginseng Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Ginseng Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Ginseng Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Amorepacific Corporation, Frederic M France, S.A., G & G Century (M) Sdn Bhd, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 123 Featured):

• Amorepacific Corporation
• Frederic M France, S.A.
• G & G Century (M) Sdn Bhd
• Ethical Naturals, Inc.
• Canada Royal Enoch Phytomedicine Limited
• Captek Softgel International Inc.
• GOH JOO HlN Pte. Limited
• Blooms The Chemist Management Services Limited
• Cellchem Pharmaceuticals Inc.
• ATC Healthcare International Corporation
• Euro Enterprise
• Bob Ginseng
• Enzo Bevande
• Fine Korea Company Limited
• Cardinal Hk Company Limited