Global Ginseng Business Report 2023: Market to Reach $17.7 Billion by 2030 - A Traditional Ingredient in Various Medicinal Preparations and Health and Wellness

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Nov 20, 2023, 06:45 ET

DUBLIN, Nov. 20, 2023 /PRNewswire/ -- The "Ginseng - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Ginseng Market to Reach $17.7 Billion by 2030

The global market for Ginseng estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$17.7 Billion by 2030, growing at a CAGR of 10.4% over the analysis period 2022-2030.

The analysis delves into specific ginseng types such as Asian Ginseng and American Ginseng, as well as various end-uses, including supplements, personal care, and other applications. These insights aid in understanding market dynamics, growth prospects, and industry trends in the ginseng market.

Asian Ginseng, one of the segments analyzed in the report, is projected to record 10.1% CAGR and reach US$11 Billion by the end of the analysis period. Growth in the American Ginseng segment is estimated at 10.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $423.9 Million, While China is Forecast to Grow at 12.2% CAGR

The Ginseng market in the U.S. is estimated at US$423.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2022 to 2030.

It provides independent assessments of annual sales figures in US$ Thousand for the years 2022 through 2030, along with corresponding percentage Compound Annual Growth Rates (CAGRs). Additionally, it includes historical data, spanning the years 2014 to 2021, and presents a 16-year perspective with a breakdown of value sales percentages for select years (2014, 2023, and 2030).

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Ginseng - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
COVID-19 Pandemic Leads to Increased Consumer Focus on Health and Wellness Products
Pandemic Increases Consumer Demand for Healthier Ingredients in Foods and Beverages
COVID-19 Brings Forth Enormous Opportunities for Adaptogens
Potential Role of Ginseng in Influenza and COVID-19 Management
An Introduction to Ginseng
Processing and Types of Ginseng
Wild Ginseng and Cultivated Ginseng
Major Benefits of Ginseng
Functions and Use of Ginseng
Global Market Prospects & Outlook
Asian Ginseng Leads the Global Market
Supplements Emerge as Major End-Use Market for Ginseng
Asian Economies at the Forefront of Market Growth
Ginseng Production Worldwide: Overview
Global Ginseng Production (in Thousand Tons) by Country
Competition
World Brands
Recent Market Activity

MARKET TRENDS & DRIVERS

Consumer Focus on Health and Wellness to Boost Popularity of Adaptogens, Favoring Demand for Ginseng
Global Adaptogens Market by Source (in %) for 2020
Trends Towards Plant-Based Products Amidst Rising Health Awareness Fuels Market Prospects
Rising Prominence of Ginseng as Functional Food Ingredient to Boost Market Growth
Rising Sales of Functional Foods and Drinks to Boost Ginseng Demand: Global Functional Foods & Beverages Sales in US$ Billion for 2020 and 2027
Rising Health Consciousness Enhances Role of Ginseng in Natural Dietary Supplements
Global Dietary Supplements Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
Ginseng Supplements for Energy Boost
Potential Role of Ginseng in Weight Management Products
Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
Average Per Capita Annual Health Expenditure (In US$) due to Obesity
Potential Benefits of Ginseng in Treatment of Chronic Diseases Boosts Usage
Proven Health Benefits of Ginseng
Rising Prevalence of Lifestyle & Chronic Diseases Widens Prospects
Hypertension Prevalence (%) Worldwide by Region in Male and Females Aged 25+ Years
World Diabetes and Population Statistics (2019, 2030 & 2045)
Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
Ginseng: A Traditional Ingredient in Various Medicinal Preparations
Ginseng Dietary Supplement Finds Interest as Immune-Modulator Aging Human Diseases
Ginseng's Promising Role in Neurological Disorders
KIST Develops a Novel Microwave-based Method for Red Ginseng Processing, for Treatment of Lung Cancer
Rising Consumer Awareness about Benefits of Ginseng Consumption Fuels Use in Food Products
Growing Demand for Ginseng in Cosmetics and Personal Care Sectors
Increased Spending on Natural and Organic Personal Care & Cosmetic Products Propels Market Growth
Anti-Aging Benefits of Ginseng Propels Growth in the Cosmetics Industry
Expanding Anti-Aging Products Market Bodes Well for Ginseng: Global Anti-Aging Cosmetics Market for the Years 2018, 2020, 2022 and 2024
Growing Preference for Natural Products Boosts Demand for American Ginseng
Different Methods to Grow American Ginseng
Growing Wild-simulated American Ginseng
American Ginseng Production Suffers Due to Overharvesting
Trade Wars and Pandemic Impacts American Ginseng Farmers
Ginseng Extract Market: Poised for High Growth
Concerns Over Side Effects Impede Wider Uptake

FOCUS ON SELECT PLAYERS (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

For more information about this report visit https://www.researchandmarkets.com/r/h35ath

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