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Global Ginseng Market 2017-2021

  • Published: Jun 2017
  • Pages: 73
  • SKU: IRTNTR13825
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This industry research report identifies ILHWA, Jilin Zixin Pharmaceutical Industrial (Jilin Zixin Pharmaceutical), Korea Ginseng Corporation (KGC), RFI Ingredients, and Starwest Botanicals as the key vendors in the global ginseng market. This industry research report also presents a competitive analysis of the market by product (Asian ginseng and American ginseng), by end-use (supplements, personal care, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global ginseng market

Market research analysts at Technavio predict that the global ginseng market will grow steadily at a CAGR of over 12% by 2021. This market research analysis identifies the growing demand for dietary supplements as one of the primary growth factors for this market. With the rise in healthcare and malnutrition problems, there is an increasing demand for dietary supplements across the globe. These supplements are found in sports energy drinks and are also available in the form of capsules, tablets, powders, liquids, soft gels, and gel caps. The rise in sales of sports nutrition products in countries such as the US and China and the growing consumption of clinical nutrition products for malnutrition, will drive the demand for dietary supplements in the coming years. This will consequently drive the market’s growth since ginseng is one of the major ingredients used in dietary supplements.

This market study estimates that in terms of geographic regions, 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. The high purchasing power of consumers in countries such as China, India, Vietnam, Indonesia, Malaysia, the Philippines, and Thailand will be a major factor fueling the market’s growth prospects in APAC.

Competitive landscape and key vendors

The ginseng market consists of a number of vendors and is highly competitive. According to the ginseng market analysis research report, the players in this marketspace mainly compete on factors such as product pricing and the inclusion of fortified ingredients. To enhance their market presence, the major players focus on acquiring small-scale vendors. The intense competition will induce the players to reduce their product prices, which would affect their profit margins. To sustain the competition and improve ginseng market value and shares, the vendors have the need to differentiate their offerings through a clear and unique value proposition.

The leading vendors in the market are -

  • ILHWA
  • Jilin Zixin Pharmaceutical Industrial (Jilin Zixin Pharmaceutical)
  • Korea Ginseng Corporation (KGC)
  • RFI Ingredients
  • Starwest Botanicals

The other prominent vendors in the market include 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, and Victoria Health.

Segmentation by product and analysis of the ginseng market

  • American ginseng
  • Asian ginseng

Asian ginseng is mainly grown in the colder climatic regions such as North Eastern China and South Korea. According to this market research and analysis, this segment will account for the major shares of the ginseng market throughout the predicted period. The increasing demand from dietary supplements, cosmetics, and pharmaceutical industries and the introduction of regulations in China that allow the usage of ginseng in food products, will be major factors fueling the growth of this market segment.

Segmentation by end-use and analysis of the ginseng market

  • Supplements
  • Personal care

Ginseng is used in dietary supplements to improve physical stamina, strengthen the immune system, and relieve various health problems including cardiovascular disorders, respiratory disorders, and anxiety. Factors such as the increase in consumer awareness for preventive healthcare and the growth in aging population will drive the ginseng market size in this end-user segment.

Key questions answered in the report include

  • 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?
  • What are the 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?

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

 

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline
  • Global superfoods market

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Segmentation of global ginseng market by product
  • Global Asian ginseng market
  • Global American ginseng market

PART 07: Market segmentation by end-use

  • Segmentation of global ginseng market by end-use
  • Global ginseng market for supplements
  • Global ginseng market for personal care
  • Global ginseng market for other applications

PART 08: Geographical segmentation

  • Segmentation of global ginseng market by geography
  • Ginseng market in APAC
  • Ginseng market in the Americas
  • Ginseng market in EMEA

PART 09: Key leading countries

  • South Korea
  • China
  • Canada
  • US

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

  • Increase in new product launches
  • Increasing government initiatives to protect the ginseng plant
  • Clean labeling

PART 13: Vendor landscape

  • Competitive scenario

PART 14: Key vendor analysis

  • ILHWA
  • Jilin Zixin Pharmaceutical Industrial (Jilin Zixin Pharmaceutical)
  • Korea Ginseng Corporation (KGC)
  • RFI Ingredients
  • Starwest Botanicals
  • Other prominent vendors

PART 15: Appendix

  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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