Expanding food industry due to increasing spending by consumers is propelling the growth of the ginseng market

 

Ginseng Market

One of the most popular and effective traditional Chinese medicinal herbs is Ginseng (Panax quinquefolium). It has been used to improve mental alertness and general well-being by the Chinese for several thousands of years. Ginseng is now considered to be one of the best alternatives to the often dangerous and ineffective prescription drugs. Studies have found that Panax ginseng works by increasing the number of oxygen radicals, which cause the body to attack inflammation-causing cells; increase ginsenoside levels, (which directly increases the activity of anti-inflammatory genes) and reduce the number of inflammatory genes.

Growing awareness regarding plant-based products around the globe is a key factor driving the growth of the ginseng market. Increasing demand for the product from the Pharmaceutical, food, and beverages, and personal care industries is also supporting the growth of the market. Thus expanding cosmetic and personal care industry due to increasing hygiene awareness and a growing number of working female population is favoring the growth of the market. Also, the high prevalence and incidence of chronic diseases such as diabetes, heart disease, and hypertension are again fostering the growth of the ginseng market. Due to its various health benefits, people are including it in diets. Because of this, there is a high demand for the product from the food industry. This is further augmenting the growth of the ginseng market.

North America is projected to gain significant growth over the forecast period and this is attributed to the increasing spending on the food industry in the region. According to the Economic Research Service, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks. Food away-from-home accounted for 54.8 percent of total food expenditures, up from 50.1 percent in 2009.

Key Developments:

1.      In April 2019, Belgian has entered into partnerships are for Botalys’ flagship ingredient – hydroponic ginseng HRG80. The company will supply ginseng raw material for both Belgian company Nutrisan and US-based Terry Naturally Vitamins

2.      In August 2002, Asmara announced the launch of two ginseng para-probiotic powdered blends

3.      In January 2021, Korea Yakult develops fermented red ginseng product with patented tech

4.      In April 2019, South Korean red ginseng product maker CheongKwanJang has launched a special edition of Korean Red Ginseng Extract every time

5.      In April 2019, Ginseng Up has introduced our newest product line, the Mosaic Sparkling Tea


Location: India

Comments

Post a Comment

Popular posts from this blog

Fitness Equipment Market is doing warm-ups to pull growth-rich opportunities from the growing obesity rates accompanied by the sedentary lifestyles

Image
  Fitness equipment is any mechanical device or equipment used in sport or exercise to improve the physical performance or strength of that activity by providing either adjustable or constant levels of force, either of dynamic nature that is immediately available to exert (such as running) or of a static type that requires adjustments (such as a bicycle). Some common types of equipment are treadmills, elliptical machines, step machines, exercise bicycles, recumbent bikes, treadmill monitors, rowing machines, and many more. Fitness equipment is used in gyms and private home fitness facilities as well as public parks and recreational facilities. Fitness equipment for the home is designed to provide low-impact aerobic workouts. Some items are available for rent or sale on the Internet. Rowing machines and exercise bicycles can give an all-over body workout, while Schwinn exercise bicycles can be used to target specific muscles. Fitness equipment for home gyms can be classified into card
Read more

The market for ureteral stents would benefit from the rising prevalence of urological diseases

Image
  A ureteral stent is a slender adaptable cylinder embedded straightforwardly into the ureter to forestall or cure block of the urinary entry from the ureter. The length of these stents utilized for grown-up quiet's reaches somewhere in the range of 30 and 24 inches. Furthermore, various distances across or sizes of stents are accessible, to suit distinctive ureter sizes. This permits treatment choices to be customized to the person, just as to the degree of obstacle. Urinary stents are made of either metal silicone or plastic. They are set straightforwardly into the bladder through the urethra valve. Ureteral stents can either be made percutaneously, through medical procedure or by methods for an outpatient strategy. Contingent upon the sort of ureter that is influenced, the technique can be either a solitary needle or numerous needles. The developing commonness of urological illnesses around the world is driving the development of the ureteral stents market . Development in t
Read more

The North America Vision Care Market Is Driven by the Increasing Prevalence of Eye Diseases in this Region

Image
  Vision care refers to the prevention and treatment of various eye conditions or eye diseases, such as refractive errors, age-related macular degeneration, cataract, glaucoma, etc. Vision care helps prevent or minimize the threat to eyes or visual integrity. Therefore, in North America, demand for vision care is has increased due the increasing prevalence of eye diseases, driving the North America vision care market growth. According to the Centers for Disease Control and Prevention (CDC), cataract affects around 24.4 million Americans (aged 40 and older) or around one in every six people in this age group. Vision care is important because 80% of what we perceive comes through our sense of sight. By protecting the eyes, people can reduce the odds of vision loss or blindness while also staying on top of any developing eye diseases such as glaucoma and cataracts. Vision care products used for restoration of eye sights include contact lenses, reading glasses, frames, Rx-Lenses, non Rx-
Read more