Ginseng Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Canada, China, South Korea, Hong Kong - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 150 SKU: IRTNTR77275

Ginseng Market Forecast 2024-2028

The ginseng market size is projected to increase by USD 195.03 million, at a CAGR of 5.05% between 2023 and 2028.

Market: Overview

The market shows an Accelerate CAGR during the forecast period.

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Market Growth Analysis Driver 

Rising awareness of the health benefits of ginseng is notably driving the market growth. Increasing consumer awareness is a major driver in the global market as individuals become more conscious of the health benefits associated with this ancient root. This has long been revered for its adaptogenic properties, which are believed to help the body cope with stress and promote overall well-being. As consumers actively seek natural remedies and holistic approaches to health and wellness, This has gained traction as a key ingredient in various wellness products. The adaptogenic nature of this aligns with modern hectic lifestyles, where people are increasingly seeking solutions to manage high levels of stress and maintain optimal health.

Moreover, the rise of e-commerce has also facilitated access to these products, allowing consumers to make informed choices based on their health and wellness goals. With an expanding range of ginseng-infused products, such as teas, supplements, and energy drinks, consumers can now select products that align with their preferences and lifestyles. Thus, the rising awareness of the health benefits of it is expected to drive the growth of the market in focus during the forecast period.

Market Growth and Trends 

Increased demand for organic ginseng products is an emerging trend shaping the market development. This surge in demand is closely linked to evolving consumer preferences centered around health consciousness, environmental sustainability, and a preference for organic and natural products. Organic products is cultivated without the use of synthetic pesticides, herbicides, or chemical fertilizers, which is spurred by the growing awareness of the potential detrimental health and environmental impact associated with conventional agricultural practices. Consumers are becoming more discerning about the origin and production methods of the products that they consume. The shift toward organic Ginseng reflects a desire for cleaner, environment-friendly cultivation practices that avoid the use of synthetic chemicals. 

Moreover, as organic certifications become more standardized and widely recognized, consumers are gaining confidence in the authenticity of organic products. Nature Way Brands LLC is recognized for its commitment to high-quality herbal extracts. The company offers an "Organic Ginseng Root" liquid extract, which is USDA Organic-certified. This product is designed to support energy, vitality, and overall well-being. Thus, the increased demand for organic products is expected to drive the growth of the market during the forecast period.

Market Challenge 

The high susceptibility of ginseng plants to pests and diseases is a significant challenge hindering market growth. Pest infestation and diseases pose significant challenges to the global market, as these issues severely affect the cultivation and overall health of these plants. One of the primary pests impacting ginseng cultivation is the root-knot nematode (Meloidogyne spp.), which infests the roots of the these plant, causing damage and negatively influencing plant growth. These microscopic nematodes (roundworms) can lead to reduced yields and lower-quality ginseng roots. In addition to nematodes, fungal diseases such as Alternaria blight (caused by Alternaria panax) and root rot (often caused by various species of Phytophthora) are commonly prevalent in ginseng cultivation. 

In addition, viral infections, such as the Cucumber mosaic virus (CMV), can cause stunted growth, mottling of leaves, and a decrease in root size. The challenges posed by pest infestation and diseases in these cultivation are compounded by the plant's slow maturation period. As Ginseng takes several years to reach maturity, the impact of pest infestation and diseases can be especially detrimental, leading to long-term consequences on the productivity and economic viability of ginseng farms. The above-mentioned factors can pose a major challenge to the growth of the market during the forecast period.

Market Segmentation by Application

Ginseng is a popular ingredient in dietary supplements that are available in various forms, such as capsules, tablets, and powders. Consumers are drawn to these supplements due to their perceived health benefits, including improved energy levels mental focus and enhanced immune support. The adaptogenic properties of Ginseng, which are believed to help the body cope with stress and support overall well-being, contribute to its popularity in this category. Moreover, these supplements often target specific health concerns, including fatigue, cognitive function, and immune system support. Natures Way Brands LLC is a well-known brand that provides these supplements in different formulations, catering to diverse consumer needs. The company products often combine Ginseng with other vitamins and minerals to create comprehensive wellness solutions. Thus, the growing use of dietary supplements that contain Ginseng as a major ingredient will continue to drive the growth of the dietary supplements segment of the market in focus during the forecast period.

Market Segmentation by Distribution Channel

The market share growth by the RS and CS segment will be significant during the forecast period. In the global market, retail channels play a pivotal role in making these health-enhancing products accessible to consumers. Supermarkets, with their extensive retail spaces, are key players, providing a diverse array of supplements, teas, and other products. Notable examples include major supermarket chains like Walmart Inc., Tesco PLC, and Carrefour S.A.

The RS and CS segment was the largest and was valued at USD 323.87 million in 2018. 

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Further, these retailers offer a one-stop shopping experience, allowing consumers to easily discover and purchase these products alongside their regular grocery needs. Convenience stores also contribute significantly to the distribution of products. Outlets like 7-Eleven, Circle K, and Wawa serve as convenient hubs for consumers seeking on-the-go access to Ginseng-infused beverages and other products. The accessibility and quick shopping experience offered by convenience stores make them crucial for consumers with busy lifestyles by ensuring that products are readily available in various retail environments. As consumer demand for health and wellness products continues to rise, both supermarket chains and convenience stores will play vital roles in meeting these preferences and driving the growth of the global market in this segment during the forecast period.

Market Analyst Overview

The market is thriving as the demand for natural remedies and wellness products continues to rise. With its rich history in traditional medicine, Asian Ginseng and American Ginseng are among the most sought-after medicinal plants globally.

Known for their potent root extracts, ginseng products are widely used in the wellness industry for their various health benefits. As adaptogenic herbs, ginsengs are prized for their ability to help the body adapt to stress and promote overall well-being.

In the realm of herbal medicine and nutritional supplements, ginseng holds a significant place, with its inclusion in herbal teas, botanicals, and other herbal products. With a resurgence of interest in herbalism and alternative medicine, the market continues to expand, offering consumers natural and holistic solutions for health and vitality.

Key Regions for the Market

APAC is estimated to contribute 31% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Growing awareness of the importance of health and wellness across the region has further fueled the demand for ginseng-based products. Consumers in APAC countries actively seek natural and traditional remedies, and Ginseng aligns well with these preferences. Additionally, the increasing influence of traditional medicine practices, coupled with the perceived adaptogenic properties of Ginseng, continues to drive its consumption.

In addition, as the global interest in herbal supplements and natural health solutions rises, APAC remains a key player in shaping the market trends and analysis along with the dynamics in the global market. The cultural significance, historical usage, and continuous innovation in these cultivation and product development will continue to contribute to the growth of the regional market during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

  • Key Offering- Auragin LLC: The company offers products such as Korean ginseng roots that are preserved using a traditional process of repeat steaming and drying, the same method that has been used in Korea for over a thousand years.
  • Ky Offering- Bio Botanica Inc.: The company offers products such as White Chinese Root Panax Ginseng Root Extract which is used as a skin conditioning agent in a wide variety of applications, such as aftershave lotions, bath capsules and oils, body and hand preparations, colognes and fragrances, makeup, and much more.

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including AOS Products Pvt. Ltd., Auragin LLC, Bio Botanica Inc., Botalys SA, Herbal Creations, KAVYA PHARMA, Korea Ginseng Corp., MotherTree Nutra Pvt. Ltd., Natures Way Brands LLC, Nestle SA, Uniray Life Sciences, Velnex Medicare, Zoic Pharmaceuticals Pvt. Ltd., Bob Ginseng LLC, Canada Royal Enoch Phytomedicine Ltd., Ethical Naturals Inc., FREDERIC M, and G and G Century M Sdn Bhd

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The research report forecasts market research and growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Distribution Channel Outlook
    • RS and CS
    • Online
  • Application Outlook
    • Dietary supplements
    • Pharmaceutical products
    • Functional food and beverage processing
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Ginseng Market Scope

Report Coverage

Details

Page number

150

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.05%

Market Growth 2024-2028

USD 195.03 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.9

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key countries

US, Canada, China, South Korea, and Hong Kong

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AOS Products Pvt. Ltd., Auragin LLC, Bio Botanica Inc., Botalys SA, Herbal Creations, KAVYA PHARMA, Korea Ginseng Corp., MotherTree Nutra Pvt. Ltd., Natures Way Brands LLC, Nestle SA, Uniray Life Sciences, Velnex Medicare, Zoic Pharmaceuticals Pvt. Ltd., Bob Ginseng LLC, Canada Royal Enoch Phytomedicine Ltd., Ethical Naturals Inc., FREDERIC M, and G and G Century M Sdn Bhd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global ginseng products market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global ginseng products market 2018 - 2022 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 RS and CS - Market size and forecast 2023-2028
      • Exhibit 34: Chart on RS and CS - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on RS and CS - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on RS and CS - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on RS and CS - Year-over-year growth 2023-2028 (%)
    • 6.4 Online - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Dietary supplements - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Dietary supplements - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Dietary supplements - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Dietary supplements - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Dietary supplements - Year-over-year growth 2023-2028 (%)
    • 7.4 Pharmaceutical products - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Pharmaceutical products - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Pharmaceutical products - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Pharmaceutical products - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Pharmaceutical products - Year-over-year growth 2023-2028 (%)
    • 7.5 Functional food and beverage processing - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Functional food and beverage processing - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Functional food and beverage processing - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Functional food and beverage processing - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Functional food and beverage processing - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ million)
      • Exhibit 61: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 South Korea - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 Hong Kong - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Hong Kong - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Hong Kong - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Hong Kong - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Hong Kong - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 AOS Products Pvt. Ltd.
              • Exhibit 115: AOS Products Pvt. Ltd. - Overview
              • Exhibit 116: AOS Products Pvt. Ltd. - Product / Service
              • Exhibit 117: AOS Products Pvt. Ltd. - Key offerings
            • 12.4 Auragin LLC
              • Exhibit 118: Auragin LLC - Overview
              • Exhibit 119: Auragin LLC - Product / Service
              • Exhibit 120: Auragin LLC - Key offerings
            • 12.5 Bio Botanica Inc.
              • Exhibit 121: Bio Botanica Inc. - Overview
              • Exhibit 122: Bio Botanica Inc. - Product / Service
              • Exhibit 123: Bio Botanica Inc. - Key offerings
            • 12.6 Botalys SA
              • Exhibit 124: Botalys SA - Overview
              • Exhibit 125: Botalys SA - Product / Service
              • Exhibit 126: Botalys SA - Key offerings
            • 12.7 FREDERIC M
              • Exhibit 127: FREDERIC M - Overview
              • Exhibit 128: FREDERIC M - Product / Service
              • Exhibit 129: FREDERIC M - Key offerings
            • 12.8 G and G Century M Sdn Bhd
              • Exhibit 130: G and G Century M Sdn Bhd - Overview
              • Exhibit 131: G and G Century M Sdn Bhd - Product / Service
              • Exhibit 132: G and G Century M Sdn Bhd - Key offerings
            • 12.9 Herbal Creations
              • Exhibit 133: Herbal Creations - Overview
              • Exhibit 134: Herbal Creations - Product / Service
              • Exhibit 135: Herbal Creations - Key offerings
            • 12.10 KAVYA PHARMA
              • Exhibit 136: KAVYA PHARMA - Overview
              • Exhibit 137: KAVYA PHARMA - Product / Service
              • Exhibit 138: KAVYA PHARMA - Key offerings
            • 12.11 Korea Ginseng Corp.
              • Exhibit 139: Korea Ginseng Corp. - Overview
              • Exhibit 140: Korea Ginseng Corp. - Product / Service
              • Exhibit 141: Korea Ginseng Corp. - Key offerings
            • 12.12 MotherTree Nutra Pvt. Ltd.
              • Exhibit 142: MotherTree Nutra Pvt. Ltd. - Overview
              • Exhibit 143: MotherTree Nutra Pvt. Ltd. - Product / Service
              • Exhibit 144: MotherTree Nutra Pvt. Ltd. - Key offerings
            • 12.13 Natures Way Brands LLC
              • Exhibit 145: Natures Way Brands LLC - Overview
              • Exhibit 146: Natures Way Brands LLC - Product / Service
              • Exhibit 147: Natures Way Brands LLC - Key offerings
            • 12.14 Nestle SA
              • Exhibit 148: Nestle SA - Overview
              • Exhibit 149: Nestle SA - Business segments
              • Exhibit 150: Nestle SA - Key news
              • Exhibit 151: Nestle SA - Key offerings
              • Exhibit 152: Nestle SA - Segment focus
            • 12.15 Uniray Life Sciences
              • Exhibit 153: Uniray Life Sciences - Overview
              • Exhibit 154: Uniray Life Sciences - Product / Service
              • Exhibit 155: Uniray Life Sciences - Key offerings
            • 12.16 Velnex Medicare
              • Exhibit 156: Velnex Medicare - Overview
              • Exhibit 157: Velnex Medicare - Product / Service
              • Exhibit 158: Velnex Medicare - Key offerings
            • 12.17 Zoic Pharmaceuticals Pvt. Ltd.
              • Exhibit 159: Zoic Pharmaceuticals Pvt. Ltd. - Overview
              • Exhibit 160: Zoic Pharmaceuticals Pvt. Ltd. - Product / Service
              • Exhibit 161: Zoic Pharmaceuticals Pvt. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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