Published Date: 2019-10-01 | Pages: Ongoing | Tables: Ongoing | Report ID: 8126 | Industry: Life Science |
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Ginseng is a popular herbal remedy used in the treatment of various diseases such as cancer, high blood pressure, diabetes, heart disease, fatigue, menopausal symptoms, respiratory infections, and various other conditions. In addition, it is known to boost the endurance level, brain function, immune system, and overall athletic performance. Its antioxidant and anti-inflammatory properties make it popular among the end-users. It has been observed that the market players are stressing on novel product launches, mergers and acquisitions, and collaborations in order to strengthen their presence across the globe.
The ginseng supplements market has been undergoing a number of product launches and development. For instance, Ginseng & Royal Jelly Veg Capsules are manufactured with a blend of panax ginseng, licorice root, and royal jelly. These capsules are known for their adaptogenic, energizing, and stimulating properties. Royal jelly has been used as a delicacy as well as by the traditional herbalists.
Growing Demand for Ginseng Supplements to Drive the Market
High demand for ginseng supplements for the treatment of various conditions such as cancer, diabetes, blood pressure, and heart disease is acting as a key factor in boosting the ginseng supplements market growth. Moreover, surge in the awareness among the consumers regarding the benefits of ginseng supplements is likely to play a key role in driving the ginseng supplements market in the coming years. Availability of products in a wide range is also likely to positively influence the market growth in the near future.
Key Players to Introduce Products to stay Competitive in the Market
Some of the key manufactures operating in the ginseng supplements market are Buddha’s Herbs, KGC, Allcura Naturheilmittel GmbH, Jilin Zixin Pharmaceutical Industrial, Orkla Health, Boots, NOW Foods, Nature’s, Ginsana, Puritan’s Pride, Swanson, Solar, and Pharmaton. Manufacturers are taking up strategies such as novel product introductions in order to grab a major share in the ginseng supplements market.
For instance, lately, one of the key companies, Pharmaton launched Pharmaton Vitality Capsules that contain minerals, vitamins, and Ginseng Extract G115 in quantity, which meets the daily requirements of the body. These capsules are manufactured to combat exhaustion, weakness, tiredness, and vitality deficiency. They reduce the symptoms caused by inadequate nutrition.
Key Points to Remember
● Growing demand for ginseng supplements to act as a key driver in the global ginseng supplements market
● Capsules to witness a surge in the demand in the near future
● Ginseng supplements is expected to gain popularity among middle-aged and seniors
● North America to lead the global ginseng supplements market in the forthcoming years
By Product Type
● Capsules
● Tablet
● Liquid
● Others
By Application
● Children
● Teenagers
● Middle-aged
● Senior
The global ginseng supplements market is segregated on the basis of product type as capsules, tablet, liquid, and others. As per the analysts, demand for capsules is expected to witness a surge in the near future as compared to the other product types. The report also provides comprehensive analysis of the other product types of the global ginseng supplements market. On the basis of application, the global ginseng supplements market is segmented into children, teenage, middle-aged, and senior. Ginseng supplements are expected to gain traction among middle-aged and seniors in the coming years according to the researchers.
By Region
Extensive consumption of ginseng supplements as a treatment remedy is driving the ginseng supplements market in North America. Rise in the cultivation of ginseng in countries such as China and Korea is likely to support the ginseng supplements market growth of Asia Pacific in the coming years. Europe could be another important region for the global ginseng supplements market. The regional analysis provided in the report will help readers to obtain a clear understanding of the current and future situations of the ginseng supplements market in different parts of the world.
Life sciences is a wide branch of study that is gradually becoming an integral industry to the global economics. QYR Consulting looks at the steady transformation of the life sciences industry and its impact on the subindustries such as medical care, pharmaceutical, and medical devices. Our team of esteemed analysts have put together reports to analyze the monumental changes life sciences is expected to bring in the overall healthcare industry. These reports identify the exact turning points for the industry and open up a platform for discussing its growth.
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