QYResearch: The European market of Ginseng Extract forecast more than 1947.8 M USD in 2022

QYResearch

QYResearch: The European market of Ginseng Extract forecast more than 1947.8 M USD in 2022

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QYResearch Ginseng is a plant characterized by a fleshy root and a single stalk with green oval-shaped leaves.

It is a perennial plant that can live more than a century. Ginseng is typically derived from the root of this plant. As an herbal supplement, the extract has long been prized for its reputation of having anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic treatment of conditions, including depression, stress, low libido, and Attention Deficit Hyperactivity Disorder (ADHD).

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QYResearch In the foreign industrial developed countries the Ginseng Extract industry is generally at the beginning level, the Europe enterprises are mainly concentrated in Germany, UK and Italy.

Meanwhile, foreign companies have more raw materials resources advantages, such as China and South Korea, is the leading producer of ginseng, at the same time, the two regions companies pay more and more attention to the market of ginseng extract finished product in Europe.

According to QYResearch, The European market of Ginseng Extract reached more than 919.2 M USD in 2016. The forecast in 2022 will be more than 1947.8 M USD. Germany is the largest sales market in Europe. Its revenue more than 189 M USD with a growth rate of 14.78% in 2016. UK ranks the second largest revenue market of Ginseng Extract, selling almost 145.8 M USD with a growth rate of 15.99% in 2016.

Ginseng Extract industry is relatively high concentration industry. The illustrious manufacturers IN Europe are Boots, Orkla Health, Pharmaton, Allcura Naturheilmittel GmbH, Ginsana and so on.

Ginseng Extract industry is including many product series, such as ginseng, ginseng health products, ginseng tea, ginseng cosmetics and so on, with the development of science and technology, ginseng application in cosmetics will be more and more widely. qyresearchglobal.com

QYResearch The Ginseng Extract still have a lot of opportunities with this huge market ahead. However, the enterprises have to solve the problems such as high operating cost, some technical difficulties and the problem of lack of content and so on.

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