Latest News- Ginseng Market: RSC is expected to lead the Distribution Channel segment during 2025-2029

The Ginseng Market is being driven by Rising awareness of health benefits of ginseng

The Ginseng Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 208.5 million. The global ginseng market is witnessing a significant trend as consumers exhibit a growing preference for organic ginseng products. This trend is driven by increasing health consciousness, a focus on environmental sustainability, and a demand for natural and organic offerings. Organic ginseng is grown without synthetic pesticides, herbicides, or chemical fertilizers, making it a healthier and more eco-friendly alternative to conventionally produced ginseng. Consumers are becoming increasingly discerning, prioritizing the origin and production methods of the products they consume. The transition to organic ginseng represents a commitment to cleaner, sustainable cultivation practices that prioritize the avoidance of synthetic chemicals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • RSC
  • Online
• Application
  • Dietary supplements
  • Pharmaceutical products
  • Functional food and beverage processing
• Source
  • Fresh
  • Processed
• End-user
  • Asian ginseng
  • American ginseng
  • Siberian ginseng
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising awareness of health benefits of ginseng
• Increasing use of ginseng in functional foods and beverages
• Growing popularity of herbal supplements

However, the market also witnesses some limitations, which are as follows:

• High susceptibility of ginseng plants to pests and diseases
• Long maturation period associated with ginseng cultivation
• Regulatory challenges related to cultivation, trade, and labeling of agricultural products

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Market Scope in Ginseng Market Research Report

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Research Analysis Overview

The ginseng market is thriving due to increasing consumer health awareness and interest in natural remedies. Known for its immune-boosting properties, ginseng is a popular natural supplement in the health and wellness industry. Food manufacturers are incorporating ginseng extract into functional foods for its healthy and high immune system support. Traditional Asian medicine uses ginseng for overall wellbeing, cognitive benefits, and adaptogenic properties. In the US, ginseng sales are on the rise, particularly for its role in digestive health and erectile dysfunction. The ginseng industry is growing, with a focus on extract production for use in herbal supplements and functional foods.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase shelf life. According to Technavio, the market's size is determined by the consolidated revenue of the participating businesses. This market excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Key growth drivers for the packaged foods and meets market include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Consumer health awareness and the growing demand for convenient and nutritious food options are also significant market growth factors. In particular, the health benefits associated with ginseng, a popular ingredient in some packaged foods, have led to increased sales of ginseng-infused products, contributing to the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/