Ginseng Market to Grow at 15% CAGR – Global Demand, Growth and Forecast to 2023
Nov 9, 2017
Global Ginseng Market is estimation to grow at a CAGR 15% by 2023. The rising demand for dietary supplements is one of the primary growth factors for this market.
November 9, 2017 /MarketersMedia/ —
The global ginseng market has been segmented on the basis of form by powder, liquid, and capsules. Among these, demand for ginseng in powdered form is quite extensive. The popularity is attributed to the rising consumption of ginseng as an energy booster. Demand for ginseng in capsule form is also witnessing a steady growth, owing to its application in the pharmaceutical sector.
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The global ginseng market is also segmented on the basis of application by cosmetic & skin care, dietary supplements, food, pharmaceutical. Among these, dietary supplements are the leading application segment in terms of revenues. The growth of pharmacies for ginseng market is supported by increased usage of ginseng in drugs and cosmetics products. Ginseng sales are also growing through online retail, owing to aggressive marketing done on all online platforms.
Complete report on Ginseng Market spread across 115 pages, profiling 10 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/406271
The ginseng market in Europe is expected to witness steady growth during the forecast period. Focus on health and wellness is influencing F&B manufacturers to introduce organic ingredients in their offerings, giving a boost to the overall demand for ginseng. APAC will be the major revenue contributor to the market throughout the predicted period. China and South Korea are the major markets for ginseng in this region.
Key Players operating in the ginseng market include Amway, The Boots Company PLC, Elemis Ltd, Inovital, RFI Ingredients, Starwest Botanicals, and Korean Ginseng Export Corporations.
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Key Benefit of This Report:
*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.
Target Audience:
* Pharmaceutical Companies
* Government bodies
*Traders, exporters, importers
*Food Manufacturers
*Raw material suppliers
*Retailers and wholesaler
Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Ginseng Market By Application
8 Global Ginseng Market By Type
9 Global Ginseng Market By Source
10 Global Ginseng Market By Application
11 Global Market Ginseng Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles
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Source: MarketersMedia
Release ID: 262380
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