The report published on global Asian Ginseng Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Asian Ginseng Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
Ginseng is classified into two types based on regions in which it is cultivated such as American Ginseng with organic classification as Panax Quiquefolius and Asian Ginseng with organic classification as Panax Ginseng. Asian Ginseng is further classified into Korean and Chinese Ginseng. Based on regions, only major producers of Ginseng are China, Korea, US and Canada. Due to varying climatic conditions, concentration of active compound in Asian ginseng mainly having refreshing effect and American ginseng mainly having soothing effect. China is traditionally the oldest consumer of ginseng; Koreans also use ginseng widely in their food in the form of powder.
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Ginseng is a very slow growing, root-based plant with medicinal properties, the root is used to make medicinal products. Due to medicinal properties such as anti-oxidants and anti-inflammatory, it is widely adopted in a variety of applications such as food and beverage, pharmaceuticals, and others. Rising awareness regarding health benefits, increasing consumer spending, presence of established manufacturers, rising investments in research and development activities are other factors contributing to market growth over the forecast period.
Top Leading Players in Asian Ginseng Market:
- Korea Ginseng Corp
- DADONG Ginseng KOREA CO. LTD.
- CheongKwanJang
- Sinochem Pharmaceutical
- Hangzhou Skyherb
- Changsha Huir Biological-Tech
- Baoji Herbest Bio-Tech
- Liuyang Naturalin Bio
- Nino Biotech
- Koei Kogyo
- Ningbo Gianon Biotech Co. Ltd.
- ILHWA CO.LTD.
- Cheong Kwan Jang.
- KOSHIRO COMPANY LIMITED
Asian Ginseng Market Segmentation:
By Product State Outlook (Revenue, USD Billion; 2018-2028)
- Powder
- Liquid
By End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceuticals
- Dietary Supplements
- Foods and Beverages
- Cosmetics
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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