North America Ginseng Extracts Market By Application (Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care), By Form (Powder and Liquid), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Ginseng Extracts Market would witness market growth of 8.2% CAGR during the forecast period (2020-2026).
Ginseng is a plant characterized by having a single stalk and fleshy roots. It is a perennial plant and has a longer lifespan. Ginseng is an example of herbal supplements and extracts obtained from it. These are commercially in huge demand, mainly for its exceptional and extraordinary health benefits. It possesses anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic medicines that are used for the treatment of depression, stress, attention deficit, hyperactivity disorder, and low libido.
The use of ginseng started approximately 4,500 years ago, and its first written evidence are of 2,000 years ago. Depending on the consumer’s preferences, ginseng is used as agricultural products, dietary supplements, food, health supplements, and medicines, etc. The red ginseng health supplements are mostly consumed in the forms of ginseng powder, capsules, tablets, concentrated extracts, pills, granules, soft capsule beverages, candy, etc.
Ginseng extract in dietary supplements strengthens the resistance of the body to fight illness by boosting the immune system. The use of herbs as a substitute remedy to conservative therapy has been a matter of concern for the health professionals. It is highly beneficial for those individuals whose immune system is moderately compromised or selective resistant treatment is necessary to reduce the adverse events.
Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care. Based on Form, the market is segmented into Powder and Liquid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Clariant AG, Orkla ASA, Sinochem Group Co., Ltd., RFI Ingredients, LLC, Shanti Natural Extracts, Hangzhou Skyherb Technologies Co., Ltd., S.A. Herbal Bioactives LLC, Changsha Huir Biological-Tech Co., Ltd., Baoji Herbest Bio-Tech Co., Ltd. and Liuyang Naturalin Bio-Tech Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
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