Ginseng Market - Forecast(2022 - 2027)
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• Ginseng Market size is estimated at $5.9 billion in 2020, projected to grow at a CAGR of 4.2% during the forecast period 2021-2026. • Ginseng is used to describe eleven different types of small, slowgrowing plants with fleshy roots. Furthermore, ginseng roots are known to contain high levels of bioactive compounds such as salicylic acid, phenolic acids maltol, p-coumaric acid, and vanillic acid. •
Consumer acceptance of Asian and oriental flavours, as well as demand for Chinese herbal treatment, are propelling the Ginseng market forward.
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Key Takeaways The rise in popularity of veganism around the world, owing to a shift in consumer preferences toward healthier, more natural products continue to fuel the Ginseng industry's expansion. Geographically, Asia-Pacific Ginseng Market held the largest revenue share of 38% in 2020 to higher consumption and production of Ginseng and its bioactive compound products in the region. The scope of the Ginseng Market for various regions will be provided in the final report. The Ginseng Industry is expanding owing to upsurge in health consciousness amongst consumers and rising awareness about healthy habits.
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By Distribution Channel- Segment Analysis Based on Form, Powder Ginseng Segment accounted for the largest revenue market share in 2020 as powders are easy to handle in the form of food and are highly preservable so it is anticipated to promote product demand. Furthermore, since powder forms of items have a low water content, they have a longer shelf life and are more preservable. Furthermore, even though powder foods contain little water, some microbes, such as molds and xerophilic yeasts, can thrive in dry environments due to bioactive compounds such as salicylic acid, phenolic acids. Other therapeutic qualities, such as antioxidant, antiinflammatory, and anti-cancer properties, drive the powder segment. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Ginseng Market Industry Outlook • Rainey Ginseng Farms Ltd • KOSHIRO COMPANY LIMITED • Nature Essential, Inovital • Organika Health Products Inc. • Korea Ginseng Corp • DADONG ginseng KOREA CO, LTD. • Ningbo Gianon Biotech Co., Ltd
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