NEW YORK , Jan. 29, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global ginseng market size is estimated to grow by USD 195.03 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 5.05% during the forecast period. Rising awareness of health benefits of ginseng is driving market growth, with a trend towards increased demand for organic ginseng products.
However, high susceptibility of ginseng plants to pests and diseases poses a challenge. Key market players include AOS Products Pvt. Ltd.
, Auragin LLC, Bio Botanica Inc., Botalys SA, Herbal Creations, KAVYA PHARMA, Korea Ginseng Corp., MotherTree Nutra Pvt.
Ltd., Natures Way Brands LLC, Nestle SA, Uniray Life Sciences, Velnex Medicare, Zoic Pharmaceuticals Pvt. Ltd.
, Bob Ginseng LLC, Canada Royal Enoch Phytomedicine Ltd., Ethical Naturals Inc., FREDERIC M, and G and G Century M Sdn Bhd.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Ginseng Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.05% Market growth 2024-2028 USD 195.
03 million Market structure Fragmented YoY growth 2022-2023 (%) 4.9 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 31% Key countries US, Canada, China, South Korea, and .
