American Ginseng Market Introduction:
Americanginseng, a perennial herb mostly grows in the region of North America. It is acommonly known as Panax quinquefolius, used as a health enhancer and immunebooster. American ginseng has been traditionally used for its nutritional andtherapeutic functions and nowadays used as an ingredient in Medicine,nutraceuticals and dietary supplement products. It is found that Americanginseng provides relief from common cold and flu. Increasing awareness andconsumer preference for health products with American ginseng drive the globalmarket.
American Ginseng Market Segmentation:
Americanginseng market is segmented on the basis of product form and application.
On thebasis of product form, American ginseng market segments include powder, liquid,and capsule. Among all of these, powder form segment holds the major share andis expected to register a substantial growth during the forecasted period.Followed by capsule form for its high demand in the pharmaceutical sector.
On thebasis of application, American ginseng market segments include dietarysupplements, food, beverages, pharmaceutical, dental oral care and personalcare. Among all of these, dietary supplements segment holds the major share andis expected to register a steady growth over the forecasted period. Followed bythe pharmaceutical segment and is expected to fuel the market over theforecasted period. The dietary supplements segment is sub-segmented intoseveral categories include immune boosters, heart and brain healthcare, sportsnutrition and weight management. Demand in terms of volume is expected toremain high for American ginseng for the dietary supplements in the globalmarket.
Personalcare 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 thebasis of regions, American ginseng market is segmented into following keyregions; North America, Latin America, Europe, Asia Pacific & Japan, andThe Middle East and Africa.
NorthAmerica dominates the global American ginseng market and is expected to be themajor market for American ginseng products. Increase demand for nutrition anddietary supplements containing American ginseng is expected to drive the marketgrowth across North America. The U.S. has dominance in the global market and isexpected to be the largest market for American ginseng in North America.Followed by Canada to account for a steady growth in American ginseng marketover the forecasted period.
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American Ginseng Market Dynamics:
Increasedconsumption of dietary supplements which contain American ginseng as aningredient is expected to drive the global market demand. American ginseng usedin health drinks and herbal tea drive an increase in demand for the globalmarket. However, an increased usage of American ginseng in pharmaceuticalproducts to dissolve the risk of various health related issues include stress,fatigue, heart disease, erectile dysfunction, and high blood pressure isalso expected to fuel market growth over the forecast period.
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American Ginseng Market Key Players:
Some ofthe key players participating the global American ginseng market include GaiaHerbs Inc., TUFF BEAR, LLC, Purium Corp., Now foods Inc., Nature's Way ProductsLLC., Stakich, Inc., Triple Leaf Tea, Inc., Woohoo natural Inc., VitalNutrients, Inc., and Bluebonnet Nutrition Corporation.
