FMI Ginseng Market Growth and Forecast 2016-2026 | Page 4

Ginseng Market
FMI Releases New Report on the Ginseng Market 2016-2026
Ginseng is a perennial plant primarily found in North America and Eastern Asia. It is largely cultivated in
China, Bhutan, and Korea. Ginseng has been traditionally used for its therapeutic benefits, and today, it is
used as a medicine for improving cognitive function, cancer prevention, and anti-inflammation. Ginseng
is widely available in seed and root form.
Ginseng Market Segmentation
Global ginseng market has been segmented on the basis of form into powder, liquid, and capsules.
Among these, demand for ginseng in powdered form is quite substantial. The growth of this segment is
attributed to rising consumption of ginseng as energy booster. Demand for ginseng in capsule form is also
witnessing steady growth, owing to its application in the pharmaceutical sector.
The global ginseng market is also segmented on the basis of application into personal care, dietary
supplements, food, pharmaceutical, and oral care. Among these, dietary supplements is the leading
application segment in terms of revenues. Dietary supplements is sub-segmented into heart health,
weight loss, sports nutrition, and immune health supplements. The global dietary supplements market
was valued at over US$ 123 billion in 2015, and is poised to increase at 7.4% CAGR through 2025.
Demand for ginseng from the dietary supplements sector will continue to remain strong throughout the
forecast period 2016-2026.
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