Ginseng Trends and Forecast
The future of the global ginseng market looks promising with opportunities in the personal care product, dietary supplement, food and beverage processing, and pharmaceutical product markets. The global ginseng market is expected to grow with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing knowledge of ginseng's health benefits, rising demand for personal care product globally, and increasing demand for healthy and high-nutritional foods.Ginseng by Segment
The study includes a forecast for the global ginseng by source, form, end use, and region.Ginseng Market by Source [Shipment Analysis by Value from 2018 to 2030]:
- Wild
- Cultivated
Ginseng Market by Form [Shipment Analysis by Value from 2018 to 2030]:
- Raw
- Powder
- Extract
Ginseng Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Personal Care Products
- Dietary Supplements
- Food and Beverage Processing
- Pharmaceutical Products
Ginseng Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Ginseng Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ginseng companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the ginseng companies profiled in this report include:
- Korean Ginseng Export Corporation
- Organika Health Products
- Ilhwa
- Korean Ginseng
- RFI Ingredients
- Koshiro
- Daedong Korea Ginseng
- Ningbo Gianon Biotech
- Sino-Nature International
- Shanghai FanPharma
Ginseng Market Insights
The publisher forecasts that cultivated is expected to witness higher growth over the forecast period due to growing acceptance of farmed ginseng as a result of its many benefits, which include affordability, accessibility, sustainability, and quality control.Within this market, pharmaceutical product is expected to witness the highest growth due to rising usage of ginseng in the pharmaceutical industry.
North America is expected to witness the highest growth over the forecast period due to increasing demand for natural and herbal products, as well as, growing knowledge of ginseng's possible health advantages.
Features of the Global Ginseng Market
- Market Size Estimates: Ginseng market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Ginseng market size by source, form, end use, and region in terms of value ($B).
- Regional Analysis: Ginseng market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different source, form, end use, and regions for the ginseng market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ginseng market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for ginseng market?Answer: The global ginseng market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the ginseng market?
Answer: The major drivers for this market are growing knowledge of ginseng's health benefits, rising demand for personal care product globally, and increasing demand for healthy and high-nutritional foods.
Q3. What are the major segments for ginseng market?
Answer: The future of the global ginseng market looks promising with opportunities in the personal care product, dietary supplement, food and beverage processing, and pharmaceutical product markets.
Q4. Who are the key ginseng market companies?
Answer: Some of the key ginseng companies are as follows:
- Korean Ginseng Export Corporation
- Organika Health Products
- Ilhwa
- Korean Ginseng
- RFI Ingredients
- Koshiro
- Daedong Korea Ginseng
- Ningbo Gianon Biotech
- Sino-Nature International
- Shanghai FanPharma
Answer: The publisher forecasts that cultivated is expected to witness higher growth over the forecast period due to growing acceptance of farmed ginseng as a result of its many benefits, which include affordability, accessibility, sustainability, and quality control.
Q6. In ginseng market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to increasing demand for natural and herbal products, as well as, growing knowledge of ginseng's possible health advantages.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ginseng market by source (wild and cultivated), form (raw, powder, and extract), end use (personal care products, dietary supplements, food and beverage processing, and pharmaceutical products), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Ginseng Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Korean Ginseng Export Corporation
- Organika Health Products
- Ilhwa
- Korean Ginseng
- RFI Ingredients
- Koshiro
- Daedong Korea Ginseng
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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