The Latin America, Middle East and Africa Ginseng Extracts Market would witness market growth of 10.5% CAGR during the forecast period (2020-2026). A large number of people have been consuming ginseng for more than 1,000 years. The health benefits of ginseng have been proved by experiences and modern scientific approach. Many benefits of ginseng are still latent, and a variety of functional materials can be extracted from it. Therefore, ginseng is anticipated to form the largest health food market globally.
Ginseng is a plant characterized by having a single stalk and fleshy roots. It is a perennial plant and has a longer lifespan. Ginseng is an example of herbal supplements and extracts obtained from it. These are commercially in huge demand, mainly for its exceptional and extraordinary health benefits. It possesses anti-inflammatory, anti-cancer, and antioxidant properties. It is also used in the homeopathic medicines that are used for the treatment of depression, stress, attention deficit, hyperactivity disorder, and low libido.
GThe market of ginseng extract is experiencing appreciable gains for powder dosage form over capsule or liquid form. An increase in the demand for ginseng extract is attributed to strong product usage in the production of dietary supplements as well as pharmaceutical products. The ginseng extract possesses medicinal properties that improve concentration, ease in digestion, and faster absorption.
Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Dietary Supplements and Cosmetics & Personal Care. Based on Form, the market is segmented into Powder and Liquid. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Ginseng Extracts Market in LAMEA is expected to register a CAGR of 8.83% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Clariant AG, Orkla ASA, Sinochem Group Co., Ltd., RFI Ingredients, LLC, Shanti Natural Extracts, Hangzhou Skyherb Technologies Co., Ltd., S.A. Herbal Bioactives LLC, Changsha Huir Biological-Tech Co., Ltd., Baoji Herbest Bio-Tech Co., Ltd. and Liuyang Naturalin Bio-Tech Co., Ltd.
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