Home News Ginseng Market Expected to Reach at a CAGR of 12.46% by 2021

Ginseng Market Expected to Reach at a CAGR of 12.46% by 2021


Global Ginseng Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Ginseng Market.

Companies Mentioned are ILHWA, Jilin Zixin Pharmaceutical, Korea Ginseng Corporation (KGC), RFI Ingredients, Starwest Botanicals, Amway, BAYLIS & HARDING, Bounce Foods, Elemis, Ethical Naturals, Glanbia, Great Mountain Ginseng, Hain Celestial, Kefiplant, Naka Focus, NOW Foods, Nutra Green Biotechnology, Ranbaxy Laboratories , The Boots Company, Victoria Health

The global Ginseng market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Ginseng Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Ginseng market?
  • What are the key market trends impacting the growth of the global Ginseng market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Ginseng market?
  • What are the market opportunities and threats faced by the vendors in the global Ginseng market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global Ginseng market?

This independent 73 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Ginseng market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Ginseng in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Ginseng industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Ginseng industry development trends and marketing channels are analyzed.

Commenting on the report, an analyst from MIR’s team said: “One trend in the market is increasing government initiatives to protect the ginseng plant. Ginseng is considered as endangered plant species and hence various states in the US have passed regulations to restrict the illegal harvesting of wild ginseng, which is highly valued in international markets. In the US, the Ginseng Management Program protects American ginseng from over harvesting, while allowing people to collect wild and cultivated plants minimally.”

According to the report, one driver in the market is growing health consciousness and obese population. People are increasingly concerned about the safety of the food that they consume. This can raise the demand for plant-based proteins, superfoods, and ginseng. In the recent times, a drastic spike has been witnessed in health problems like digestive disorders, diabetes, and obesity. Hence, people have increasingly become health-conscious and want to follow a healthy diet.

Further, the report states that one challenge in the market is threat from other ingredients with similar benefits. One of the major challenges that hamper the growth of the global ginseng market is the stiff competition from other superfoods like chia seeds and quinoa, which have witnessed a high growth rate in recent times. Quinoa is a popular gluten-free superfood preferred by many health-conscious consumers worldwide due to its nutritional value.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Ginseng on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Ginseng Market and assist manufacturers and investment organization to better grasp the development course of Ginseng Market.

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