Ginseng Market Size to Grow at a CAGR of 4.2% During the Forecast Period 2021-2026
Ginseng Market size is estimated at $5.9 billion in 2020, projected to grow at a CAGR of 4.2% during the forecast period 2021-2026. Ginseng is used to describe eleven different types of small, slow-growing plants with fleshy roots. Furthermore, ginseng roots are known to contain high levels of bioactive compounds such as salicylic acid, phenolic acids maltol, p-coumaric acid, and vanillic acid. Consumer acceptance of Asian and oriental flavours, as well as demand for Chinese herbal treatment, are propelling the Ginseng market forward. There are a variety of herbs in this category, but the most prevalent are American ginseng and Asian ginseng. Although the soothing effects of American ginseng are well-known, the invigorating effects of Asian ginseng are also well-known. Ginseng is made up of two major compounds, ginosides and ginotin, which work together to provide health benefits like increased immunity, cancer prevention, and blood sugar control due to bioactive compounds like s...