Title: Ginseng Market Forecast, 2022-2027
1Ginseng MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Ginseng Market size is estimated to reach 948.3
million by 2027, growing at a CAGR of 4.2 during
the forecast period 2022-2027. Ginseng applies to
11 distinct assortments of a short, slow-growing
plant with fleshy roots. Ginseng can re-establish
and improve well-being. Thus far, several
saponins have been recorded as constituents of
Panax ginseng, also termed Korean ginseng.
Ginseng roots are well recognized for their
soaring content of saponins, ginsenosides,
phenolic compounds, inclusive of carbohydrates
and carotenoids.
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- Key Takeaways
- Geographically, Asia-Pacific Ginseng Market
accounted for the highest revenue share in 2021
and it is poised to dominate the market over the
period 2022-2027 owing to the accelerated
application of ginseng extracts in food product
manufacture and growing interest in health
supplements involving Korean ginseng with
saponins in the Asia-Pacific region. - The increase in the adoption of avocado oil to
provide richness to baked products is driving the
Bakery and Confectionery segment. However, the
rise in the side effects associated with the
overconsumption of cooking oils is one of the
major factors that is said to reduce the growth
of the Cooking Oil Market. - .
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By Distribution Channel- Segment Analysis The
Ginseng Market based on the form can be further
segmented into Powder, Liquid, Capsule and Raw.
The Powder segment held the largest market share
in 2021. This growth is owing to the heightened
convenience it offers for application in food and
being greatly preservable. Ginseng is an
effective antioxidant. The soaring shelf-life of
powder forms of Ginseng owing to the reduced
water content is further propelling the growth of
the Powder segment.
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- Ginseng Market Industry OutlookÂ
- Rainey Ginseng Farms Ltd,
- KOSHIRO COMPANY LIMITED
- Korean Ginseng Corp
- RFI Ingredients
- Daedong Korea Ginseng Co., Ltd.
- Ningbo Gianon Biotech Co., Ltd.
- Sino-Nature International Co., Ltd.
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Ginseng Market - Forecast(2021 - 2026) Learn
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