United States Ginseng Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
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The Us Ginseng Market Has Been Experiencing Significant Growth Over Recent Years, With Increasing Demand Across Various Industries. This Herbal Root, Known For Its Medicinal Properties, Is Sourced Primarily From The Forests Of North America And Cultivated In Controlled Environments. It Has Gained Popularity Due To Its Wide-Ranging Health Benefits, Making It Essential In Multiple Sectors, Such As Pharmaceuticals, Wellness, Cosmetics, And Functional Foods.
Ginseng Is Divided Into Several Types, Including American Ginseng (Panax Quinquefolius), Korean Ginseng (Panax Ginseng), And Others Like Siberian Ginseng, Each With Unique Properties. Among These, American Ginseng Holds A Prominent Position In The Us Market, Prized For Its Mild Yet Potent Health-Enhancing Qualities. The Primary Application Of American Ginseng In Industries Is In The Form Of Dried Roots, Extracts, And Powders, Commonly Used In Dietary Supplements And Medicinal Formulations.
In The Pharmaceutical Industry, Ginseng'S Reputation As An Adaptogen—Helping The Body Adapt To Stress And Boost Energy—Has Resulted In Its Inclusion In A Variety Of Products Aimed At Enhancing Immunity, Improving Cognitive Function, And Promoting Overall Vitality. This Demand Has Led To A Surge In Ginseng Cultivation And Processing To Meet The Specific Needs Of The Industry.
The Wellness Industry, Particularly In The Realm Of Alternative Medicine, Has Also Been A Driving Force Behind The Growth Of The Ginseng Market. The Herb Is Included In Energy Drinks, Teas, And Various Wellness Products Targeting Consumers Seeking Natural Remedies. The Growing Interest In Functional Foods And Beverages Further Supports Ginseng'S Market Position, With Manufacturers Increasingly Turning To Ginseng Extracts To Enhance Product Offerings.
Cosmetic Companies Have Incorporated Ginseng Into Skincare And Anti-Aging Products, Recognizing Its Potential For Boosting Skin Health And Reducing The Appearance Of Wrinkles. This Diverse Demand From Various Sectors Has Helped Propel The Us Ginseng Market To New Heights, With Manufacturers Striving To Meet The Exacting Standards Of Each Industry.
The Global Expansion Of Industries Demanding Ginseng As A Raw Material Has Further Cemented Its Role As A Valuable Asset. As The Trend Toward Natural, Sustainable Ingredients In Products Continues, The Us Ginseng Market Is Expected To Experience Robust Growth In The Coming Years. As Such, The Need For High-Quality Ginseng And Efficient Supply Chains To Meet These Growing Requirements Is Crucial For Market Players.
Get an In-Depth Research Analysis of the US Ginseng Market Size And Forecast [2025-2032]
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KGEC
Korea Ginseng Corp
HiYoU
The Boots Company
Starwest Botanicals
RFI Ingredients
Elemis
Jilin Zixin Pharmaceutical Industrial
Great Mountain Ginseng
Hain Celestial
BAYLIS & HARDING
Amway
Ethical Naturals
Glanbia
Kefiplant
Naka Focus
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Ginseng Market
Asian Ginseng (Panax ginseng)
American Ginseng (Panax quinquefolius)
Eleuthero (Siberian Ginseng)
Royal Ginseng
Wild Ginseng
Whole Roots
Powder
Capsules/Tablets
Extracts (Liquid and Powdered)
Teas
Health Supplements
Pharmaceuticals
Food & Beverage
Cosmetics and Personal Care
Dietary Products
Online Retailers
Supermarkets/Hypermarkets
Health Food Stores
Pharmacies
Direct Sales/Multilevel Marketing
Teenagers (13-19)
Young Adults (20-35)
Mature Adults (36-55)
Seniors (56 and above)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Ginseng Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Ginseng Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Ginseng Market, By Type
6. US Ginseng Market, By Application
7. US Ginseng Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Ginseng Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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