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.
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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.
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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.
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