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American Ginseng Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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American Ginseng Market Introduction:

American ginseng, a perennial herb mostly grows in the region of North America. It is a commonly known as Panax quinquefolius, used as a health enhancer and immune booster. American ginseng has been traditionally used for its nutritional and therapeutic functions and nowadays used as an ingredient in Medicine, nutraceuticals and dietary supplement products. It is found that American ginseng provides relief from common cold and flu. Increasing awareness and consumer preference for health products with American ginseng drive the global market.

American Ginseng Market Segmentation:

American ginseng market is segmented on the basis of product form and application.

On the basis of product form, American ginseng market segments include powder, liquid, and capsule. Among all of these, powder form segment holds the major share and is expected to register a substantial growth during the forecasted period. Followed by capsule form for its high demand in the pharmaceutical sector.

On the basis of application, American ginseng market segments include dietary supplements, food, beverages, pharmaceutical, dental oral care and personal care. Among all of these, dietary supplements segment holds the major share and is expected to register a steady growth over the forecasted period. Followed by the pharmaceutical segment and is expected to fuel the market over the forecasted period. The dietary supplements segment is sub-segmented into several categories include immune boosters, heart and brain healthcare, sports nutrition and weight management. Demand in terms of volume is expected to remain high for American ginseng for the dietary supplements in the global market.

Personal care segment is sub-segmented into two categories include skin and hair care. Beverages segment is sub-segmented into health drinks and tea.

American Ginseng Market Regional Outlook:

On the basis of regions, American ginseng market is segmented into following key regions; North America, Latin America, Europe, Asia Pacific & Japan, and The Middle East and Africa.

North America dominates the global American ginseng market and is expected to be the major market for American ginseng products. Increase demand for nutrition and dietary supplements containing American ginseng is expected to drive the market growth across North America. The U.S. has dominance in the global market and is expected to be the largest market for American ginseng in North America. Followed by Canada to account for a steady growth in American ginseng market over the forecasted period.

American Ginseng Market Dynamics:

Increased consumption of dietary supplements which contain American ginseng as an ingredient is expected to drive the global market demand. American ginseng used in health drinks and herbal tea drive an increase in demand for the global market. However, an increased usage of American ginseng in pharmaceutical products to dissolve the risk of various health related issues include stress, fatigue, heart disease,  erectile dysfunction, and high blood pressure is also expected to fuel market growth over the forecast period.

American Ginseng Market Key Players:

Some of the key players participating the global American ginseng market include Gaia Herbs Inc., TUFF BEAR, LLC, Purium Corp., Now foods Inc., Nature's Way Products LLC., Stakich, Inc., Triple Leaf Tea, Inc., Woohoo natural Inc., Vital Nutrients, Inc., and Bluebonnet Nutrition Corporation. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

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