Ginseng Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025

1. Ginseng Market Ginseng Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025 www.qyrconsulting.com

2. The global ginseng market is forecast to achieve growth due to rising demand for nutrient-based food. Ginseng being a superfood is commonly used in the food and beverage and also other profit-making industries such as pet food, health and hygiene, and beauty products. In the US, ginseng vendors are finding new ways of improving their sales as the US-China trade war has given a hard time to local farmers. Some ginseng vendors in desperate need to increase sales are increasing awareness about the medicinal root by allowing common people to tour their farms and introducing their products to local restaurants. They are also using different marketing styles and exploring new markets to strengthen their consumer base. Having said that, American ginseng vendors are expected to receive some tariff relief with the help of the US Department of Agriculture’s revised 2019 county per acre payment rates under the Market Facilitation Program. According to a July 2019 press release, farmers in the US state of Wisconsin will receive $15 to $59 per acre in tariff aid payments for the year. Industry experts are of the opinion that ginseng and cranberry farmers in Wisconsin will receive much better payments for their 2019 production. Rising Demand for Organic Products to Support Global Market Growth High consumer preference for clean-label and organic products is prophesied to create lucrative opportunities in the global ginseng market. Important healthcare applications such as decreasing the risk of some cancers and infections from viruses and microbes, improving immunity, treating erectile dysfunction, regulating blood sugar levels, and improving memory and brain functions could push the demand for ginseng. Ginseng is also recommended for animals to avoid the risk of certain diseases and help with immunity improvement. It is rich in antioxidants, minerals, and vitamins. Therefore, it is also largely used in the skin care industry.

3. Fortified Ingredients Content as Key Competition Factor in Global Market Some of the prominent players of the global ginseng market are Korean Ginseng Export Corporation, Organika Health Products Inc., Starwest Botanicals, Daedong Korea Ginseng Co., Ltd., Ilhwa Co. Ltd., Korea Ginseng Corp., Shanghai FanPharma Co., Ltd., Ningbo Gianon Biotech Co., Ltd., Sino-Nature International Co., Ltd., Koshiro Co. Ltd., and RFI Ingredients, Inc. Established players are predicted to acquire small-scale companies to increase their presence in the global market. Most players could mainly compete with each other on the basis of fortified ingredients content and product price. Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7335 By Form ●   Raw ●   Powder ●   Liquid By Variety ●   Oriental Ginseng ●   American Ginseng ●   Siberian Ginseng By Application ●   Personal Care Products ●   Dietary Supplements ●   Food and Beverage Processing

4. By Region Regionally, Asia Pacific is foretold to show higher growth in the global ginseng market on the back of China’s leading ginseng consumption in the world. China imports massive amounts of ginseng from Canada, which is one of the world’s top ginseng producers. South Korea could also largely contribute to the market growth in Asia Pacific, considering its high use of ginseng in personal care and food and beverage applications. Asia Pacific is also expected to benefit from its increased use of ginseng as herbal medicine. Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/ginseng-market

5. RESEARCH METHODOLOGY SUPPLY SIDE • DATABASE MACROECONOMIC • INSIGHT • In-depth interview Data Mining & Handling Build Connection Data Verification • Interviews of: • Manufacturers, Distributor, Opinion Leaders, Industry Experts, Front-line Staff, Directors, CEO, Marketing Executives, Technology, Innovation Directors and • Executives from Related Industries and Organizations • Through interviews, research analysts collect & sort data and establishes research models. • Secondary Sources: • Annual Reports, Presentations, Press Releases, Journals, Paid Databases • All possible demand side factors that influence the markets: Effect of inflation, economic downturns, and changed regulations & policy or other factors • Market Size is validated through Primary Sources and Secondary Sources Establishing point to point products and capital flows within the chain

6. RESEARCH APPROACH Date Source: Our Secondary Data Sources 70% of the data has collected from the first-hand information Secondary sources occupies approximately of the overall sources 30%

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