Market Overview:
The global ginseng supplements market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of ginseng supplements, increasing demand for natural and organic products, and growing trend of self-medication. However, the high cost of ginseng supplements may restrain the growth of this market during the forecast period. On the basis of type, capsules are expected to account for a major share in terms of revenue in 2018 owing to their ease-of-use and convenience. Tablet form is also anticipated to witness significant growth during the forecast period on account its portability and long shelf life. Liquid form is projected grow at a higher CAGR than other forms due its high absorption rate by body tissues. On basis application, children segment is estimated hold largest share in terms revenue followed by teenagers segment over next 10 years .This can be attributed rise incidences obesity & diabetes cases globally among youngsters that has led parents focus on including healthy supplement like Ginseng into their children’ diet routine from an early age itself .Whereas senior citizens are considered as fastest growing consumer group with respect increase life expectancy rates across globe .
Product Definition:
Ginseng supplements are made from the root of the ginseng plant. They are used to improve energy, mood, and sexual function.
Capsules:
Capsules are small vials or containers that hold a quantity of liquid or solid drug. They can be oral, topical (injectable), injectable, transdermal and nasal.
Tablet:
Tablet is a solid dosage form that contains an appropriate amount of ingredients for the intended purpose. It can be in the shape of a capsule, pellet, or even in powder form. The tablet is widely used to deliver supplements and medicines as it offers accurate dosing at one go with no need to measure out exact quantities which makes it easier for consumers to consume the right amount according to their requirement without having any side effects.
Application Insights:
The middle-aged application segment held the largest share of ginseng supplements in 2017. Middle-aged individuals are more susceptible to stress as they face a wide range of life events such as career, family, and financial problems. Stressing out can lead to low energy levels, weight gain, and insomnia among other health issues. Ginseng helps improve physical strength and stamina by increasing energy level through its constituent elements such as amino acids and trace minerals.
The children application segment is expected to witness the fastest growth rate over the forecast period owing to rising awareness regarding nutritional deficiency among parents who are trying hard for their children¢â‚¬â„¢s academic success. Parents have started supplementing their kids with vitamins & minerals that help enhance concentration & memory along with improving vision & hearing ability according to studies published in NCBI online journal (UCSF Chimera).
Regional Analysis:
Asia Pacific dominated the global ginseng supplements market in 2017. Asia Pacific is the largest consumer of natural medicines and has a large number of traditional healers. China, India, Korea, and Japan are some of the leading consumers in this region owing to high demand for ginseng extract from these countries. In addition to this, growing health awareness among people is expected to fuel growth over the forecast period.
Europe was one outlier amongst other regions with respect to consumption as it witnessed slow or stagnant CAGR during 2016-2017 due to economic turmoil coupled with stringent regulations by FDA (Food.
Growth Factors:
- Increasing awareness about the health benefits of Ginseng supplements is driving the market growth.
- The growing demand for natural and organic products is also propelling the market growth.
- The increasing use of Ginseng supplements in traditional medicines is contributing to the market growth.
- Rising disposable income of consumers is enabling them to purchase premium quality Ginseng supplements products.
- Growing popularity of preventive healthcare is also favoring the market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Ginseng Supplements Market Research Report
By Type
Capsules, Tablet, Liquid, Others, Ginseng Supplement
By Application
Children, Teenagers, Middle-aged, Senior
By Companies
KGC, Pharmaton, Boots, Jilin Zixin Pharmaceutical Industrial, Allcura Naturheilmittel GmbH, Orkla Health, NOW Foods, Nature's, Buddha's Herbs, Ginsana, Swanson, Puritan's Pride, Solar, Ginseng Supplement
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Ginseng Supplements Market Report Segments:
The global Ginseng Supplements market is segmented on the basis of:
Types
Capsules, Tablet, Liquid, Others, Ginseng Supplement
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Children, Teenagers, Middle-aged, Senior
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KGC
- Pharmaton
- Boots
- Jilin Zixin Pharmaceutical Industrial
- Allcura Naturheilmittel GmbH
- Orkla Health
- NOW Foods
- Nature's
- Buddha's Herbs
- Ginsana
- Swanson
- Puritan's Pride
- Solar
- Ginseng Supplement
Highlights of The Ginseng Supplements Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Capsules
- Tablet
- Liquid
- Others
- Ginseng Supplement
- By Application:
- Children
- Teenagers
- Middle-aged
- Senior
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ginseng Supplements Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ginseng supplements are products that contain ginseng root or extracts of ginseng root. Ginseng is a type of plant that has been used in traditional Chinese medicine for centuries to treat a variety of conditions. Some common uses for ginseng include improving energy levels, reducing stress, and boosting the immune system.
Some of the major players in the ginseng supplements market are KGC, Pharmaton, Boots, Jilin Zixin Pharmaceutical Industrial, Allcura Naturheilmittel GmbH, Orkla Health, NOW Foods, Nature's, Buddha's Herbs, Ginsana, Swanson, Puritan's Pride, Solar, Ginseng Supplement.
The ginseng supplements market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ginseng Supplements Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ginseng Supplements Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ginseng Supplements Market - Supply Chain
4.5. Global Ginseng Supplements Market Forecast
4.5.1. Ginseng Supplements Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ginseng Supplements Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ginseng Supplements Market Absolute $ Opportunity
5. Global Ginseng Supplements Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ginseng Supplements Market Size and Volume Forecast by Type
5.3.1. Capsules
5.3.2. Tablet
5.3.3. Liquid
5.3.4. Others
5.3.5. Ginseng Supplement
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ginseng Supplements Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ginseng Supplements Market Size and Volume Forecast by Application
6.3.1. Children
6.3.2. Teenagers
6.3.3. Middle-aged
6.3.4. Senior
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ginseng Supplements Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ginseng Supplements Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ginseng Supplements Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ginseng Supplements Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ginseng Supplements Demand Share Forecast, 2019-2026
9. North America Ginseng Supplements Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ginseng Supplements Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ginseng Supplements Market Size and Volume Forecast by Application
9.4.1. Children
9.4.2. Teenagers
9.4.3. Middle-aged
9.4.4. Senior
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ginseng Supplements Market Size and Volume Forecast by Type
9.7.1. Capsules
9.7.2. Tablet
9.7.3. Liquid
9.7.4. Others
9.7.5. Ginseng Supplement
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ginseng Supplements Demand Share Forecast, 2019-2026
10. Latin America Ginseng Supplements Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ginseng Supplements Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ginseng Supplements Market Size and Volume Forecast by Application
10.4.1. Children
10.4.2. Teenagers
10.4.3. Middle-aged
10.4.4. Senior
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ginseng Supplements Market Size and Volume Forecast by Type
10.7.1. Capsules
10.7.2. Tablet
10.7.3. Liquid
10.7.4. Others
10.7.5. Ginseng Supplement
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ginseng Supplements Demand Share Forecast, 2019-2026
11. Europe Ginseng Supplements Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ginseng Supplements Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ginseng Supplements Market Size and Volume Forecast by Application
11.4.1. Children
11.4.2. Teenagers
11.4.3. Middle-aged
11.4.4. Senior
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ginseng Supplements Market Size and Volume Forecast by Type
11.7.1. Capsules
11.7.2. Tablet
11.7.3. Liquid
11.7.4. Others
11.7.5. Ginseng Supplement
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ginseng Supplements Demand Share, 2019-2026
12. Asia Pacific Ginseng Supplements Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ginseng Supplements Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ginseng Supplements Market Size and Volume Forecast by Application
12.4.1. Children
12.4.2. Teenagers
12.4.3. Middle-aged
12.4.4. Senior
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ginseng Supplements Market Size and Volume Forecast by Type
12.7.1. Capsules
12.7.2. Tablet
12.7.3. Liquid
12.7.4. Others
12.7.5. Ginseng Supplement
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ginseng Supplements Demand Share, 2019-2026
13. Middle East & Africa Ginseng Supplements Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ginseng Supplements Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ginseng Supplements Market Size and Volume Forecast by Application
13.4.1. Children
13.4.2. Teenagers
13.4.3. Middle-aged
13.4.4. Senior
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ginseng Supplements Market Size and Volume Forecast by Type
13.7.1. Capsules
13.7.2. Tablet
13.7.3. Liquid
13.7.4. Others
13.7.5. Ginseng Supplement
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ginseng Supplements Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ginseng Supplements Market: Market Share Analysis
14.2. Ginseng Supplements Distributors and Customers
14.3. Ginseng Supplements Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KGC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pharmaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boots
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jilin Zixin Pharmaceutical Industrial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Allcura Naturheilmittel GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Orkla Health
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NOW Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nature's
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Buddha's Herbs
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ginsana
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Swanson
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Puritan's Pride
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Solar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ginseng Supplement
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
