Global Ginseng Market Growth 2023-2029

Global Ginseng Market Growth 2023-2029

LPI (LP Information)' newest research report, the “Ginseng Industry Forecast” looks at past sales and reviews total world Ginseng sales in 2022, providing a comprehensive analysis by region and market sector of projected Ginseng sales for 2023 through 2029. With Ginseng sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ginseng industry.

This Insight Report provides a comprehensive analysis of the global Ginseng landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ginseng portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ginseng market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ginseng and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ginseng.

The global Ginseng market size is projected to grow from US$ 6698.5 million in 2022 to US$ 13050 million in 2029; it is expected to grow at a CAGR of 13050 from 2023 to 2029.

United States market for Ginseng is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Ginseng is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Ginseng is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Ginseng players cover KGEC, Korea Ginseng Corp, HiYoU, The Boots Company, Starwest Botanicals, RFI Ingredients, Elemis, Jilin Zixin Pharmaceutical Industrial and Great Mountain Ginseng, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Ginseng market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Korean Ginseng
American Ginseng
Brazilian Ginseng
Siberian Ginseng
Indian Ginseng
China Ginseng

Segmentation by application
Pharma & Healthcare
Cosmetic & Skin Care
Food Additives
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
KGEC
Korea Ginseng Corp
HiYoU
The Boots Company
Starwest Botanicals
RFI Ingredients
Elemis
Jilin Zixin Pharmaceutical Industrial
Great Mountain Ginseng
Hain Celestial
BAYLIS & HARDING
Amway
Ethical Naturals
Glanbia
Kefiplant
Naka Focus

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ginseng market?

What factors are driving Ginseng market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ginseng market opportunities vary by end market size?

How does Ginseng break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.